<span>Foreign investors owned a greater amount US stocks, bonds, and factories than investors in the US owned of assets in foreign markets.
In 1985, the <em>New York Times</em> reported, "U.S. Turns into Debtor Nation," because a Commerce Department report showed the US "owing foreigners more then they owe it." By that they meant that "foreign ownership of American factories, real estate, stocks and bonds exceeded American ownership of foreign assets."
However, there's another way to look at this picture than the "debtor nation" label. The Heritage Foundation (a conservative group) noted in 1985 that having foreign investors pursuing assets in the United States indicated strong confidence by those investors in </span><span>the </span>American<span> economy. You invest in a country's assets because you think those assets will grow in value. So, becoming a "debtor nation" can be viewed as a sign of economic health in the eyes of the rest of the world.</span>
The separation of powers was the first step to limiting power for one branch. The US built up their government based on the British, in which they had their version of Parliament, called Congress, the Federal Judge, or supreme court judge (as well as others, but we are focusing on the supreme court), as well as the executive branch, which is the President.
The next step was "checks and balances", which ensured that no one branch can be too powerful. The US president can veto Congress's legislation, Congress can override the veto, they can also impeach the president. The Supreme Court can rule laws unconstitutional, and change the laws based on what they think is constitutional.
hope this helps
During the summer of 1787, a group of politicians, including James Madison and Alexander Hamilton, gathered in Philadelphia to draft a new U.S. Constitution. The Bill of Rights, which was introduced to Congress in 1789 and adopted on December 15, 1791, includes the first ten amendments to the U.S. Constitution.
The Eleventh Amendment was passed to overturn the Supreme Court ruling in the 1793 case of Chisholm v. Georgia. The intention of the amendment was never a secret: It was passed to stop a federal lawsuit from being brought against a state without its consent.
The significance of the Twelfth Amendment is because it allows smaller states to have equal influence in the Electoral College.
The House of Representatives passed the proposed amendment with a vote of 119-56, just over the required two-thirds majority. The following day, Lincoln approved a joint resolution of Congress submitting it to the state legislatures for ratification.
The amendment prohibited former Confederate states from repaying war debts and compensating former slave owners for the emancipation of their enslaved people. Congress required former Confederate states to ratify the Fourteenth Amendment as a condition of regaining federal representation.
the 15th amendment granted African American men the right to vote. Social and economic segregation were added to black America's loss of political power. In 1896 the Supreme Court decision Plessy v.
The Sixteenth Amendment was ratified by the requisite number of states on February 3, 1913, and effectively overruled the Supreme Court's ruling in Pollock. Prior to the early 20th century, most federal revenue came from tariffs rather than taxes, although Congress had often imposed excise taxes on various goods.
On April 8, 1913, three-quarters of the states had ratified the proposed amendment, and it was officially included as the 17th Amendment.
the 18th Amendment, also known as the Prohibition Amendment, was passed by Congress and sent to the states for ratification. Nine months after Prohibition's ratification, Congress passed the Volstead Act, or National Prohibition Act, over President Woodrow Wilson's veto.
June 4, 1919, the U.S. Senate passed the 19th Amendment by two votes over its two-thirds required majority, 56-25. The amendment was then sent to the states for ratification. Within six days of the ratification cycle, Illinois, Michigan and Wisconsin each ratified the amendment.
The 72nd Congress proposed the Twentieth Amendment on March 2, 1932, and the amendment was ratified by the following states. The Amendment was adopted on January 23, 1933 after 36 states, being three-fourths of the then-existing 48 states, ratified the Amendment.
The Congress adopted the Blaine Act and proposed the Twenty-first Amendment on February 20, 1933. The proposed amendment was adopted on December 5, 1933. It is the only amendment to have been ratified by state ratifying conventions, specially selected for the purpose.
Extra : All 27 Amendments have been ratified after two-thirds of the House and Senate approve of the proposal and send it to the states for a vote. The other method of passing an amendment requires a Constitutional Convention to be called by two-thirds of the legislatures of the States.
Because he believed war made him more mature, like he thought men were. He probably thought boys wouldn’t have the courage to do what he was doing.
