Balkan countries such as Serbia and Montenegro rebelled against the rule of the Ottoman Empire
He closed all the banks until federal examiners could determine if they were sound enough to survive.
Answer:
The effect of President Roosevelt's attempt to balance the federal budget was the economic recession of 1937.
Explanation:
In 1937, the government of the Democrat Franklin D. Roosevelt considered that, after 4 years of effort, the government should reduce its fiscal deficit and balance its accounts in order to avoid a progressive emptying of the public coffers. Roosevelt, who had won in the 1933 elections and had imposed the New Deal, greatly increasing public spending in line with Keynesian theory, decided it was time for the government to start pulling out of the economy. Thus, he decided to cut expenses (closing New Deal programs) and raise taxes, in order to balance the fiscal deficit.
The problem was that, as a consequence of the Great Depression and the correct application of the New Deal, the American economy was too weak not to have the support of the federal state. In other words, the American economy depended heavily on New Deal programs, and it had a degree of fiscal effort that was too great to raise taxes. Thus, with the taking of these measures, the American economy began to fall, entering in a recession.
enlightenment was time when people used reason and logic, to find life better for all. Brought rise to discovery and scientists wanting to find more, or the Scientific Revolution. answer:Epistemology. The study of what is truth and makes study truth. hope this can help
Roosevelt of the US. ... The US also terminated their Lend-Lease aid to the Soviet Union before the war ended. US tension started when Russia promised free elections in Eastern Europe and they didn't keep to their word and had a communist government instead.