The specific power granted by the section is the "<em>power of the purse</em>"
The section of the United States' Constitution gives the Congress a great authority over executive branch and the executive branch must appeal to the Congress for all of its funding.
Some power granted to the Congress by the Constitution are:
- Power on how to collect Taxes, Duties, Imposts and Excises
- The power on how to borrow and pay Debt.
- Power for the regulation Commerce with foreign Nations etc.
In conclusion, the section was to ensure separation of powers and the provide necessary check on the executive branch.
Learn more about Article I, Section 8 here
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A rising stock market signals investor confidence, as buying activity pushes up prices. When stocks rise, people invested in the equity markets gain wealth. Increased wealth often leads to increased spending, as consumers buy more goods and services when they're confident they are in a financial position to do so.
The Latin phrase that usually means that in the court proceeding there was no opponent is "In re"
US is more rude to Native Americans. While US is more kind to in foreign affairs because they want to get stuff out of the trade.
