Both women are successful CEOs of major companies.
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"Trickle-down": supply-side economics creates tax cuts for the wealthy.
Supply-side economics suggests tax cuts for the wealthy. Those tax cuts will be used to create new jobs. New jobs will give more money to the middle-class.
This economic policy makes sense in theory and in some cases the tax cuts resulted in more jobs and higher wages. However, mostly it led to a large gap in wealth as the wealthy kept the money instead of reinvesting in jobs and wages. Eventually as the US moved industry overseas, tax cuts for the wealthy meant the expansion of jobs overseas instead of American jobs. Meanwhile the middle-class pay higher taxes to make up for the loss of taxes from the upper class.
The correct answers to these open questions are the following.
Do you think the economic crisis that began in 2006 with the mortgage crisis has led to increased power for the presidency?
Not in that case. President Barack Obama faced one of his toughest decisions during the Freddie Mack crisis and the upcoming financial and Bank crisis in the United States. In the end, he decided to support the financial system, despite many medium and low-class Americans felt betrayed by the President's decision.
Do you think the current pandemic will result in increased presidential power?
It is probable that the actual President tries to increase his powers to make the kind of decisions needed to confront a health crisis that has turned to be an economic crisis that specialists say the US economy is in recession.
What kinds of increase in presidential power might come about as a result of such a crisis?
He can create the kind of legislation to help the country leave the economic crisis as soon as possible, knowing that he can use his veto power. As the commander in chief of the Armed Forces, he can send the national guard or some troops to reestablish the order in some regions of the country.
Do other branches of government also gain more power in such a crisis?
No, I don't think so. The President is the one who can increase his power during these difficult times over the judicial branch and the legislative branch.
Answer:
Technology inventions
Explanation:
Technology inventions and transportation have made things possible in economic level. The advance in technology in industries helped in increasing the production of goods. Cotton Gin, Steam power, spinning jenny, and electricity helped in industry. The increase in production became possible with the help of mining and railroad. By the expansion of the railroad with the help of steam engine resulted in a reduction of the time and money it took before to move large goods. In the 1900s, the assembly lines helped in producing the finished product in a short period.
