The argument Oliver Wendell Holmes was making in this quotation about how the federal system works is that:
- "The Supreme Court needs to be able to settle disputes between the states and the federal government by reviewing the constitutionality of state laws."
- This is evident when he said, "I do think the Union would be imperiled if we could not make the declaration as to the laws of several States."
Hence, in this case, it is concluded that Oliver Wendell Holmes felt for the federal system to work, the Supreme court should be able to make the distinction between federal and state laws.
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<span>The controversial questions are did it destroy american freedom or expand liberty</span>
Answer:
Populist party
Explanation:
The 16th amendment (graduated income tax) and 17th amendment (direct election of senators) were originally ideas of POPULIST PARTY (an 1890s successful 3rd party who never won a presidential election)
This is evident in the fact that though the Populist Party never won a Presidential election, they were more successful in influencing the political landscape of the United States during their existence.
Some other legacies of the Populist Party are:
1. expansion of currency and credit structure
2. Railroad legislation
3. Postal saving banks
4. Subtreasury plan.
Capitalism is free trade. For capitalism to exist, you must a right to private property and free association. In capitalism, you generate riches by producing and trading it for something of greater value to yourself. The person acquiring your product is giving you something that you want in exchange for something that they want. Both sides win. In capitalism, the one that is always above everything else is the consumer and the consumer dictates the market rules most of the time. Once the consumer finds a different product that is cheaper and has the same function that yours have, you will have to step up your game. This competition in the free market is what boosted most of the technology and quality of things that we have around us today. Everybody wants to pay less for something even better.
In socialism, there's a worry about the less favored parts of society. To be able to take care of them, governments take part of the money of the workers and producers to invest in measures to assist the less fortunate. Much of this process is called "income distribution". To many, socialism is a middle way to communism, where everybody is supposed to be the same and have the same no matter what.
