in 2001, President George Washington w. bush signed the economic growth and tax relief reconciliation act of 2001. this bill called for large tax cuts just as the economic recovery act of 1981 had and largely benefited the wealthiest Americans. President bush's approach to economics was very similar to that of president Reagans'. explain the assumptions behind the theory of supply-side economics, and describe the consequences of Reaganomics

Answers

Answer 1
"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. 

Related Questions

Who benefited from laws like the elementary and secondary education act of 1968 and voting rights act 1975?

Answers

The Elementary and Secondary Education Act of 1968 was developed as a tool in war against poverty. The law helped students from poor families get better education by funding new schools, purchasing of textbooks and other tools to increased learning. It also increased the educational programs offered to students.

The Voting Rights Act of 1965 main purpose was to eliminate racial discrimination in voting. It benefited the African Americans who were denied the right to vote in many Southern States.


Why do you think the number of slaves increased rapidly after 1790?

Answers

The Landowners needed their fields of cotton harvested, also, because of the conflicts the nation were facing, such as war or any other mid-life crisis.

What was the result of the Confederate attack on Fort Sumter South Carolina on April 12, 1861 ?

A. The Civil War began

B. The union troops won

C. Abraham Lincoln freed the slaves

D. The battle ended without a real winner

Answers

The correct answer is A. The Civil War began.

Fort Sumter was technically in Confederate territory. However, Lincoln and the US government did not recognize the Confederacy as a different country. When  the Confederates demanded the Union troops move, they refused. This led to an attack by the Confederates on Fort Sumter. This was considered the first battle of the Civil War.

Which southern city did u.s. admiral david farragut capture in 1862?

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Answer is New Orleans

In the 60s some people went off to live in their own little communities where they shared living spaces, clothes, and food. what were these communities called

Answers

These communities would be called communes

Answer:

Communes

Explanation:

The _______ declared some of the new deal legislation unconstitutional, resulting in the nullification of both the nira (national industrial recovery act) and the aaa (agricultural adjustment act).

Answers

The answer is Supreme Court let me know if that helped.

Out of the choices provided above, it can be concluded to state that the Supreme Court declared some new deal legislation unconstitutional, resulting in the nullification of both the NIRA (national industrial recovery act) and the AAA (agricultural adjustment act). Therefore, the option A holds true.

What is the significance of the Supreme Court?

The Supreme Court can be referred to or considered as the highest authority in the judicial system and functioning of the United States of America. The decision or verdict given by the Supreme Court in any case is final and binding upon all the citizens.

The Supreme Court has the authority to adjudge any legislation as constitutional or unconstitutional, just like it did in the nullification of the National Industrial Recovery Act, and the Agricultural Adjustment Act, which made both the acts unconstitutional under the law.

Therefore, the option A holds true and states regarding the significance of the Supreme Court.

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The missing options have been added below for better reference.

A. Supreme court

B. High court

C. House of Congress

D. President

John mccain was a __________ at the time of the 2008 election.

Answers

There can be several right answers for this blank. The following are a couple words that can correctly fill the space.

1) John McCain was a Republican at the time of the 2008 election- He was the Republican party's nominee for President with his running mate being Sarah Palin.

2) John McCain was a Senator at the time of the 2008 election- He was a Senator representing the state of Arizona in the US Congress before starting his run for the presidency.

Answer:

B) U.S.Senator

Explanation:

i just did the usatesprep

The disputes between proslavery and antislavery residents in the kansas territory resulted in

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Kansas Nebraska act/ law

Which important 1975 battle is labeled by the red mark on the map?

Answers

The answer to this question would be the Fall of Saigon.

Among which portion of the population did Mao Zedong and Chinese Communists win enough support to drive out Jiang Jieshi and the Guomindang?


religious zealots


nationalist followers


middle-class merchants


peasant farmers

Answers

Mao Zedong gained the support of the peasant farmers. He did this by using propaganda posters and protecting them when they came under attack.
The correct answer for this question is Option D) Peasant farmers.

Mao Zedong himself belonged to a village family and came from a peasant background. He could not only speak their language and connect with them, he understood their problems and what they wanted in life.

Since peasants were the most numerous class of people in China, Mao Zedong understood that the support of the peasants would be instrumental in coming to power.

He used his excellent public speaking skills and pure propaganda to garner support among millions of people in the country side and was eventually able drive out Jiang Jieshi and the Guomindang.

What was the first text to be printed on the printing press during the renaissance?

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The first text to be printed on the printing press was the bible. 

Which president built a 40 nation coalation under the united states to force iraq to withdraw after it invaded kuwait in 1990?

Answers

George H. W. Bush Sr. is your answer.  

early displayed photographs often had what characteristic

Answers

They were mounted on plywood without frames
Early displayed photographs were usually mounted on Plywood without frames since we hadn't reached that type of technology at the time. Hope this helped!

The __________ concern for their economic livelihood led to __________.
a. northern states'; the separation of powers
b. southern states'; a promise to never abolish the slave trade
c. southern states'; them gaining a majority of seats in the new house of representatives
d. northern states'; a promise to never abolish the slave trade
e. southern states'; a promise to not impose export taxes

Answers

The correct answer is statement D.

This is correct because during the Antebellum era, the South relied heavily on trade with other countries like France and Great Britain. This is due to the fact that many Southern plantation owners focused on producing massive amounts of cotton. This valuable commodity allowed the Southern states to trade for other resources they needed from other countries. If a tax on exported goods was added, it would cripple the Southern economy.
Final answer:

The southern states' concern for their economic livelihood led to a promise to not impose export taxes, as outlined in e. This addressed their fear of economic harm due to potential export taxes and restrictions on the slave trade.

Explanation:

The correct answer to the student's question is: e. southern states'; a promise to not impose export taxes. This decision arose from the tensions between northern and southern states regarding economic interests and the institution of slavery. Southern states, reliant on agricultural exports like cotton, tobacco, rice, and indigo, were concerned about potential export taxes that could harm their economy. Additionally, they feared that Congress might target the slave trade with restrictive legislation, which was closely tied to their economic success. As a compromise, northern states agreed to prohibit taxing the exportation of goods, only allowing Congress the power to tax imports.

The agreement was part of a broader set of compromises made during the Constitutional Convention to address the divergent economic and political interests between the North and the South. These compromises also included a prohibition on laws attempting to ban the importation of enslaved people until 1808, a measure which protected the interests of southern states. Political and economic liberties were at the forefront of this debate, as both sides sought to guard their interests under the new Constitution.

What was the largest single migration in american history?
a. forty-niners to california
b. mormons to utah
c. mountain men to oregon
d. traders to mexico?

Answers

I believe your answer is B. mormons to utah

Hope this helps!

PLEASE HELPP.
In 3-4 sentences, describe the economic impact of WWI on the world economy. What economic changes occurred in the 1920's that are examples of the impact of war on world societies, including the United States?

Answers

As taken from a chat I had to give other users the answer as well.

How and when did Anne Frank die

Answers

When Anne Frank was captured, she was sent into a concentration camp that was ravaged with typhus. After some time, Anne's sister, Margot died. Anne somehow felt this death, and Anne died right after, both being victims of typhus, on March 12, 1945.

She died of Typhus Fever in A concetration camp.

Byzantines believed that their emperor was a representative of God. true or false

Answers

Your answer is very true....
True, Byzantines believed that their emperor was a representative of God.

How did the worlds balance of power change during the cold war quixlet?

Answers

During the Cold War the United States became the world power

What was important about the supreme ruling in gibbons vs Ogden

Answers

it showed that the supreme court could regulate interstate commerce

10 points for best answer!!!!!

Question 2


How was the Cuban Missile Crisis resolved?

Question 2 options:


with skirmishes in the Caribbean that ended in a standoff


with negotiations that allowed Soviet missiles to remain in Cuba with UN inspectors monitoring them


through meetings of the UN Security Council


with negotiations that removed Soviet missiles from Cuba and U.S. missiles from Turkey


Question 3

What was the main reason for U.S. involvement in Vietnam?


Question 3 options:


the decision to honor a treaty agreement


a response to a request for support in the fight against communism


an interest in honoring a commitment to the members of the United Nations


the belief that communism would spread in Southeast Asia


Question 4


Which was a problem for the U.S. military in fighting the Vietnam War?


Questio

Answers

How was the Cuban Missile Crisis resolved?

with negotiations that removed Soviet missiles from Cuba and U.S. missiles from Turkey

It is said that the Cuban Missile Crisis of 1962 was the closest the Cold War ever came to erupting into an actual nuclear war between the superpowers.


What was the main reason for U.S. involvement in Vietnam?

the belief that communism would spread in Southeast Asia

This was known as "domino theory" -- that the spread of communism in Vietnam would result in other countries in the region falling like dominoes to the influence of communism.
Final answer:

The Cuban Missile Crisis was resolved through negotiations between Kennedy and Khrushchev, removing missiles from Cuba and Turkey. The U.S. involved in Vietnam War on fear of spreading communism in Southeast Asia, often referred to as the Domino Theory. Conditions like unfamiliar guerilla tactics and absence of clear military objectives created problems for U.S. military in the Vietnam War.

Explanation:

The Cuban Missile Crisis was resolved with negotiations that removed Soviet missiles from Cuba and U.S. missiles from Turkey. This resolution was reached through a secret agreement between U.S. President Kennedy and Soviet Premier Khrushchev.The main reason for U.S. involvement in Vietnam was the belief that communism would spread in Southeast Asia, often referred to as the Domino Theory. The U.S. believed if Vietnam fell to communism, then other countries in the region would follow.

A significant problem for the U.S. military in fighting the Vietnam War was the difficult conditions such as dense jungle terrain, unfamiliar guerilla tactics employed by the enemy, and lack of clear military objectives.

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what role did j edgar hoover play in the second red scare

Answers

He collected information about the political views of government workers and used it against them.

J Edgar Hoover used the political views of government workers against them.

Hoover, who was the head of the FBI, greatly feared communist influence with the American government. This is why Hoover used his power to spy on workers in the government to learn more about their political beliefs.

Along with this, Hoover encouraged people like Joe McCarthy to pursue suspected communists by putting them on trial in front of the House Un-American Activities Committee. This congressional body called in people from all walks of life to question their political views and ties to the Soviet Union. All of the aforementioned actions helped to increase the paranoia during the Second Red Scare.

describe how industrialization differed in japan

Answers

Japanese industrialization was not spontaneous or related to free market investments like it happened in Europe. The Japanese government willfully industrialized with careful planning. They also bought much of the ideas which they used to industrialize and improve for their own needs, they didn't just randomly invent something useful.

According to john locke, if the government failed to protect natural rights, what did citizens have a right to do?
a.to divide the government into three separate parts
b.to elect new government leaders to rule the country
c.to overthrow the government and establish a new one
d.to create a direct democracy and allow individuals to govern

Answers

the answer is C to overthrow the government and establish a new one

In late 1989, all the communist regimes of eastern europe toppled bloodlessly except that of:

Answers

except that of Romania

On 22 December 1989, Romania's communist leader Nicolae Ceausescu was overthrown in a violent revolution and fled from the capital, Bucharest. Three days later, he and his wife Elena were executed by firing squad. Romania was the last uprising against communist regimes in Eastern Europe.

The welfare-reform measure passed by congress in 1996:

Answers

The correct answer is limited the amount of time one could receive welfare payments

Commonly it was found in history that once people managed to get welfare from the country through various programs, they would just be able to receive it for a lifetime and would not have to either work or participate in the society or anything. The act was made to prevent people from just exploiting the system if they indeed were.

During the 1920's, the supply of automobiles in the United States increased because of the introduction of the assembly line and mass production. Which is the BEST description of the effect that high supply had on the price of automobiles during this time period?

Answers

High supply made the price of automobiles go down
The price of new autos decreased because of high supply

States your opinion of the great society. Was it a success of failure explain why you feel this way

Answers

Great Society was a failure.  

(It is a great idea to help poor people.  There will always be poor people. No matter what you do.)  

Also too much money was being dumped in Vietnam, and Johnson was not paying attention.  Should have maybe pulled troops out of Vietnam then started his Communist ideas.   

Sorry maybe a bit too rough.  But they were.  Some people will work harder then others, why should they not get paid more for what they do?    

The Great Society created a lot more problems than it was supposed to solve, and it can be said that it started with good intentions.

The Great Society was a set of policies and programs that were launched by President Lyndon B. Johnson in 1964 and 1965. The main aim of this policy was the total elimination of poverty and racial injustice.

The Great Society created a lot of problems, which are as under:

It created a culture of government dependency that has been sustained even today. Certain initiatives, such as urban renewal programs, had negative consequences for low-income communities and increased racial and economic disparities. It led to increased government spending and interference in the market economy. The Great Society policy also led to increased bureaucracy presence that unnecessarily leads to government interference.

Thus, the Great Society policy failed to even address the most fundamental aim, i.e. decrease disparities between the two major racial groups.

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After 1880 European nations sought colonies in africa primarily because the Europeans were

Answers

The answer to the question above is to compete for raw materials and markets.
After 1880, the European nations sought colonies in Africa primarily because the Europeans were competing for raw materials and markets. They also wanted to colonize African lands because of tight competition between the European nations for power.

The correct answer to the question is: Europeans were motivated by a desire for raw materials, new markets, and investment opportunities.

After 1880, European nations engaged in what is known as the "Scramble for Africa." This period was characterized by a rapid colonization of African territory by European powers. The primary reasons for this colonization were:

1.  Raw Materials : European industries were expanding rapidly and required a steady supply of raw materials such as rubber, cotton, and minerals. Africa was rich in these resources, and controlling colonies meant direct access to these materials without relying on trade with other nations.

2.  New Markets : As European economies grew, they sought new markets for their manufactured goods. By establishing colonies, European nations could ensure that African markets would be captive consumers of European products, thus boosting their own economies.

3.  Investment Opportunities : European investors were looking for places to invest their capital for higher returns. Colonies provided opportunities for infrastructure development, such as railways and ports, which not only facilitated the extraction and export of raw materials but also promised good returns on investment.

4.  Strategic and Military Interests : Control over strategic locations in Africa allowed European powers to protect their trade routes and project military power.

5.  National Prestige : Having colonies was seen as a sign of a nation's status and power. The more colonies a European nation controlled, the more prestigious it was considered on the world stage.

6.  Social Darwinism and Missionary Zeal : Many Europeans believed in the cultural and racial superiority of their civilization, often justified by Social Darwinism. This belief led to a sense of duty to "civilize" the African peoples, which was sometimes used to justify colonial expansion.

7.  Diplomatic Rivalry : The competition among European powers for global influence also played a role. If one nation began to acquire colonies, others felt compelled to do the same to avoid being left behind in the race for power and resources.

In summary, the European colonization of Africa after 1880 was driven by a complex interplay of economic, strategic, cultural, and political factors. The desire for raw materials, new markets, and investment opportunities were among the primary economic motivations.

Which of the following represents the growing divide between the agrarian and urban electorate?

Answers

Out of the given options, the collapse of the Populist movement represents the growing divide between the agrarian and urban electorate.

Answer: Option D

Explanation:

The gradual collapse of the Populist movement resulted in the merging of the Populist Party in the Democratic Party all throughout the United States. But the conflict of thoughts that was there between the old Democrats and the new Democrats.

It had entered into the Democratic Party after the failure of the Populist Movement led to a growing divide between the agrarian and the urban electorates.

Final answer:

The growing divide between the agrarian and urban electorate is influenced by population shift, political affiliations, and cultural/sociocultural forces.

Explanation:

The growing divide between the agrarian and urban electorate can be seen in various ways:

Population shift: Over time, there has been a dramatic shift from rural to urban living in the United States. As shown in Figure 20.10, the percentage of the population living in urban areas has significantly increased. This demographic change has contributed to the growing divide between the agrarian and urban electorates.Political affiliations: As mentioned in the provided information, there has been a realignment of political parties. Urban areas and the Northeast have become solidly Democratic, while the South and rural areas overwhelmingly vote Republican. This partisan divide reflects the growing divide between the agrarian and urban electorates.Cultural and sociocultural forces: Sociocultural factors such as urbanization and industrialization have influenced people's migration from rural to urban areas. The challenges faced by farmers, including reliance on unpredictable factors and the unattractiveness of farming to young people, have contributed to the divide between the agrarian and urban electorates.

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