Many people help the president manage the business of the executive branch. His most important advisers are the members of the Cabinet. Over the years, the size of the Cabinet has changed. George Washington's first Cabinet had just four secretaries. There was one each for the departments of (1) Foreign Affairs (now known as the Department of State), (2) the Treasury, (3) War (now known as the Department of Defense), and (4) an Attorney General.
The modern Cabinet has fifteen heads of departments, as well as a number of other important officials. Secretaries of Agriculture, Labor, Health and Human Services, Housing and Urban Development, Transportation, Energy, Education, and Homeland Security are among some of the other Cabinet members.
The Federal Reserve Act of 2000 says that the Fed "shall maintain <u>long run </u>growth of the monetary and credit aggregates commensurate with the economy's <u>long run</u> potential to increase production.
<u>Explanation:</u>
The Act was created in 1913 and signed by the then ruling president as a way of establishing economic stability. This act introduced the central bank to oversee the state monetary policies. The law was established to set out the structure, purpose and function of the Reserve System.
Due to recession and other financial crisis prior to 1913, investors lacked trust in bank systems, therefore the act was passed to bridge the gap between citizens and the banking system. Over the years it has been amended by Congress to keep up with the changing financial times.
More people were needed to plant and pick cotton so plantation owners used slaves to fill these positions.
Explanation:
The invention of the "cotton gin by Eli" Whitney resulted in tremendous production in America and other industrial estates. However, it was associated with another far-fetched issue along-side.
Before the invention of the cotton gin, there was general slack in demand of slaves. The coming of cotton gin meant the humongous need for raw cotton since the machine can process the raw cotton at a faster pace than any other machines available contemporarily.
This rapid need for raw cotton was substituted by employing slaves in the cotton field for their production and collection. This caused an increased need for slave once again.
Answer:
how is nepotism tendency a corruption
