Tax Reductions Lead to Economic Growth in the 1920s
would be the best headline for presidential address.
<u>Explanation:
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In the 1920s, the citizens of the US and business people continued to pay a lot of tax and this disheartened investors from launching new enterprises while existing businesses struggled not to shut down.
It prompted the Government to seek a way to overcome the problem and eventually managed to reduce the taxes collected by the government in order to minimize the tax liability on US residents. Tax cuts have led to economic growth.
Tax breaks in 1920s Increased federal wages and economic development. The Bush admin also indicated that the progressive income tax cuts which were introduced in 2001 should be implemented fully this year. Increases in federal income tax rates have affected the behaviour of individuals and companies.
<u>Answer</u>:
The free enterprise system encouraged the American economic growth in the 1800's by gaining wealth.
<u>Explanation</u>:
The Free Enterprise system led to the rise of industries. The United States government took a different approach to regulate its business. This approach was called free enterprise. This also eventually led to technological innovations.
The main motto of this system was "Let people do as they choose". Supporters of free enterprise system believed that the government rather than interfering in the economy, should protect their private property rights and maintain peace.
The British largely permitted this as it was capable of bringing wealth in the country and their North American colonies would develop. Thus, large amount of availability of labor, natural resources like coal, iron and the government policies help the rise of industries during late 1800s.
Explanation:
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D. Imperialism
Is the correct answer
