Answer:
Ture but there are omissions.
Answer:
The effect of President Roosevelt's attempt to balance the federal budget was the economic recession of 1937.
Explanation:
In 1937, the government of the Democrat Franklin D. Roosevelt considered that, after 4 years of effort, the government should reduce its fiscal deficit and balance its accounts in order to avoid a progressive emptying of the public coffers. Roosevelt, who had won in the 1933 elections and had imposed the New Deal, greatly increasing public spending in line with Keynesian theory, decided it was time for the government to start pulling out of the economy. Thus, he decided to cut expenses (closing New Deal programs) and raise taxes, in order to balance the fiscal deficit.
The problem was that, as a consequence of the Great Depression and the correct application of the New Deal, the American economy was too weak not to have the support of the federal state. In other words, the American economy depended heavily on New Deal programs, and it had a degree of fiscal effort that was too great to raise taxes. Thus, with the taking of these measures, the American economy began to fall, entering in a recession.
The "Great Compromise' was the Virginia Plan <span />
At the beginning of the 20th century, Nevada was struggling with a 20-year depression. When the veins of gold, silver and copper dried up, the mining industry closed and people left Nevada. There were so few people left it hardly qualified to be called a state. In March 1931, Nevada legalized gambling in their desperate move to raise revenues. Also in that month, construction of the Hoover Dam began. This sure and steady supply of water and cheap electricity sent flocks of people back to Nevada. With the advent of World War II, the United States built their military bases in the West and Southern Nevada was a suitable venue. 1,000 homes were built by the federal government to house a workforce of 10,000 for a magnesium processing plant. After the war, resort hotels began to crop up across the Southern Nevadan desert. The interstate system made travelling to Nevada easy. After the creation of the Nevada Gaming Commission, the state started to attract legitimate investors. Nevada was one of the greatest economic success stories in the 20th century.
