Reducing tariffs on imported goods to lower prices
Answer:
carpetbaggers came from north, to exploit the troubles of the south.
Explanation:
Because there were bigger, stronger, older nations that would
have loved to get their hands on that rich territory that the United
States covered ... France, England, Spain, etc. Washington knew
that the young USA could only survive as a nation if the people
remained united, and all those things ... taking sides in international
conflict (not remaining neutral), national debt, sectionalism (north
against south, east against west, old states against new states),
political parties (Whigs against Tories, Republicans against
Democrats), are things that could set groups of the people
against each other.
Answer:
a.corporate profits and personal incomes
Explanation:
After being appointed by the then US president, Warren G. Harding, T. Mellon was tasked with reducing the large federal debt accumulated as a result of World War I. Hence, in his bid to achieve the aim, he increased revenue by lowering tax rates so a s to boost the economic activity as well as increasing overall tax revenue by encouraging more people to actually pay their taxes.
His then successfully cut taxes across the board both corporate and personal income tax, which was finally enacted by Congress in the Revenue Acts of 1921, 1924, and 1926.
In turn, the top marginal tax rate fell from 73 percent in 1922 to 24 percent in 1929.
