Congress's inability to stop inflation was due to the lack of credible commitment to reducing the budget deficit and President Grant's veto of the inflation bill that sought to increase the money supply, reflecting limited Congressional power over monetary policy.
The limitation that directly led to Congress being unable to stop inflation can be traced back to structural issues with Congress's power during the Continental Congress era and later during President Grant's administration. Initially, Congress did not make a credible commitment to end inflation because its announcements did nothing to end the large and chronic budget deficit or to prevent the states from issuing more bills of credit, leading to more money in circulation without the backing of tangible goods or production.
Further, during President Grant's tenure, despite facing pressure from constituents to address financial crisis through currency inflation, Grant preferred a tight money policy. In March 1874, Congress passed an inflation bill to add about $100 million to the amount of money in circulation, but Grant vetoed it. This presidential veto further constrained Congress's ability to address the financial crisis through currency inflation, thereby highlighting the limited powers Congress had in directly managing monetary policy and inflation.
In summary, too many dollars chasing too few goods is a fundamental cause of inflation, observable particularly after wartime spending when government outlays are high but consumer goods are scarce. Price controls during wartime further exacerbate this issue once they are lifted and pent-up demand surges. Inflation can decline or turn into deflation when economic activity slows down, leading to too few dollars chasing too many goods, as was seen during major recessions and the Great Depression.
How did the role of merchants change under han rule?
How did the carpetbaggers affect southern politics?
Answer:
Explanation: The Carpetbaggers affected the politics of the South in the way many of these "opportunistic adventurers" as they were commonly called traveled from the North to the South with the sole purpose of obtaining personal benefits and obtaining some public office of the many who were left vacant in the South, as well as getting rich and abusing power. This situation affected the population of the South, who were not yet out of the adversities caused by the War of Sessation and many of them were left without the opportunity to move forward and have better economic and social conditions for them. It should be clarified that not all Carpetbaggers were opportunists, some of them were altruistic people who sought to help slaves who did not have any kind of protection after the War of Sessation.
What sparked Lenin's turn toward communism?
A. The lives of peasants
B. The lives of factory workers
C. The killing of his siblings
D. All of the above
Explain the reasons political parties disagree about the role and powers of the federal government and issues such as the national bank, tariffs, and federally funded internal improvements from `824-1840
What contributions did bernardo de galvez make to the american revolution?
The way George Washington dealt with the Whiskey Rebellion is significant because he
gave Congress the absolute control in issues over taxation.
allowed the states to determine what was best.
used the power of the Federal government to enforce law.
increased the power of state legislatures to deal with such issues
Answer: used the power of the Federal government to enforce law.
The Whiskey Rebellion was a tax protest in the United States between 1791 and 1794 during the presidency of George Washington. The "whiskey tax" was the first tax imposed by the newly formed federal government, and was intended to generate revenue for the war debt of the Revolutionary War.
Washington responded by sending peace commissioners to negotiate with the rebels, while also calling on governors to enforce the tax. The rebellion was significant because it demonstrated that the new federal government had the will and ability to suppress resistance to its laws.
the passage of the 17th amendment was the successful fulfillment of which goal of the progressive movement?
A. direct election of U.S. senators
B. restoration of tribal lands to Native American ownership
C. suffrage for woman
D. an end to Jim Crow laws throughout the South
In the early 1800’s the need for a water route help farmers ship their products to market was one reason for the ?
How did fdr's new deal attempt to solve the problems of the great depression?
Answer:
yes yes yes yes tea
Explanation:
get your stuff together
What phases did the south asian religious traditions go through from 1000 bce to 1000 ce?
does the second amendment allow us to own gun and carry guns regardless of how we use it
Final answer:
The Second Amendment protects an individual's right to own and carry guns, primarily for self-defense within the home, as interpreted in key Supreme Court cases District of Columbia v. Heller (2008) and McDonald v. Chicago (2010). However, this right is subject to limitations, such as restrictions on felons, the mentally ill, and firearm possession near schools and government buildings.
Explanation:
The interpretation of the Second Amendment has been a subject of controversy and debate. The core of the amendment, as part of the United States Bill of Rights created on December 15, 1791, stipulates, "A well regulated Militia, being necessary to the security of a free state, the right of the people to keep and bear Arms, shall not be infringed." This has been interpreted in recent significant Supreme Court cases, notably District of Columbia v. Heller (2008) and McDonald v. Chicago (2010), to protect an individual's right to possess a firearm for traditionally lawful purposes, such as self-defense within the home.
However, these rights are not without limitations. The Supreme Court has explicitly mentioned that this right does not extend to felons, the mentally ill, firearm possession near schools and government buildings, or the commercial sale of firearms. Thus, while the Second Amendment does protect the right of individuals to own and carry guns, there are specific legal stipulations on how these rights can be exercised, highlighting that the right is not unlimited or unconditional especially in relation to how firearms are used.
Where did british troops hope to separate new england from the middle states?
The ________ is the oldest and largest of the african american groups that have fought for equality at the polls, in housing, on the job, in education, and in other facets of american life.
How did the magna carta the petition of right and the bill of rights advance the ideals of democracy?
The Magna Carta limited the power of the king and gave more rights to the citizens, so this allowed people to experience more freedom, and want to achieve it.
What is the Magna Carta?The Magna Carta, which was published in June 1215, was the first document to put the principle that the king and his government were no longer above the law into writing. It tried to protect the king from abusing his powers and established the boundaries of royal power by structuring the law as a source of power in and of itself.
There are four legitimate copies of the Magna Carta that date from 1215 that are still in existence.
Therefore, two of these are kept by the cathedral churches where they were first deposited—Lincoln and Salisbury—and the other is housed in London's British Library.
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How did Chemistry change life during the late 19th century ?
What important events were taking place in the world during the time of the civil war?
What methods did frederick douglass used to improve american life?
Final answer:
Frederick Douglass used his powerful speaking skills and published his autobiography, 'Narrative of the Life of Frederick Douglass, An American Slave,' to improve American life by raising awareness about the horrors of slavery and inspiring others to fight for freedom.
Explanation:
Frederick Douglass used various methods to improve American life, particularly in the fight against slavery. One of his key contributions was his powerful speaking skills, which he used to provide public lectures on slavery, electrifying his listeners and raising awareness about the horrors of slavery. He also published his autobiography, 'Narrative of the Life of Frederick Douglass, An American Slave,' in which he exposed the brutalities of slavery and identified by name the whites who had mistreated him. This book became a powerful tool in the abolitionist movement, spreading awareness and inspiring others to fight for freedom.
After 13 years of civil war, who succeeded julius caesar
Why did the Second Continental Congress create a weak central government under the Articles of Confederation?
Question 2 options:
to run the independent states with limitless power
to expand the taxation powers of the central government
to copy the government after that of Great Britain
to stop abuse of power and tyranny by the central government
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Anicent Greece history timeline
Ancient Greece history spans over a thousand years and includes major periods such as the Archaic Period from 800 to 480 BCE, during which Greek city-states rose, cultural and political foundations were laid, and seminal works of literary and visual art were created.
Explanation:Ancient Greece History Timeline
The history of Ancient Greece is a fascinating journey through a period that spans over a thousand years. Key developments took place during this time, including the Archaic Period, which laid the foundations for what would become known as Classical Greek civilization. The Archaic Period, from 800 to 480 BCE, was characterized by the rise of city-states or poleis, the establishment of Panhellenic traditions, and the beginnings of Greek art, literature, and political structures.
Archaic Greece
During the Archaic Greece period, the concept of the polis emerged, and significant developments occurred in various spheres. The Greek alphabet was developed, and the earliest surviving Greek literature, such as the Iliad and the Odyssey, was composed. Notably, this period saw the origins of Greek monumental sculpture and red-figure pottery. It also witnessed the establishment of the earliest democratic institutions in Athens.
Prior to the Archaic Period, the Greek Dark Ages (1100-800 BCE) followed the fall of the Mycenaean civilization. This period of decline was succeeded by a revival of Greek culture leading to the Archaic Period. The Archaic Period concluded with the Persian invasion of Greece in 480 BCE, transitioning into the Classical era of Greek history.
Ancient Greek Culture has profoundly influenced western society with its contributions to government, philosophy, art, and architecture. This culture was carried and propagated throughout the world by figures like Alexander the Great and the Romans.
What were the colonists revolting against during the revololution?
How did Americans spend their leisure time in the post-civil war era?
Which event on the timeline do you think is the most important for jewish history? why?
Answer:
was Israel becoming a nation, the. to mind was, “Why did the first book of Psalms end with chapter 41 instead of chapter 480. Now, you have two consecutive patterns; from 1935 to 1941 and. This timeline effect is not given to us so we can predict the future.
Explanation:
What is a service the governor of California provides?
The governor of California provides several services. They have influence over the legislative process, oversee public policy, manage crises, represent the state and their party, and promote the state's interests.
Explanation:The governor of California serves in a variety of roles and provides many services. Primarily, three of the governor's chief functions include influence over the legislative process through an executive budget proposal, policy agenda, and vetoes.
These tasks are instrumental in carrying forward the state's economic and political interests.
In addition, they manage crisis situations and oversee public policy implementation. Governor of California is also responsible for initiating a budget proposal, indicating where funding should be allocated and managing the state's tax revenue.
Another significant service that a governor provides is representing the state and their political party on various platforms, this might involve raising money for other political figures, making campaign appearances, and promoting the state's virtues to attract investments and encourage tourism. In essence, the governor is not only a decision-maker but also a spokesperson and ambassador for the state.
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What did napoleon announce on the third sunday after snowball's expulsion?
How did the catholic church react to new ideas in astronomy?
Ptolemy theory fit the churches view of the world. The bible at the Catholic Church taught that god created the earth and people that's on it. Then it made sense to the church that the sun, moon, planets, and stars all revolved around the earth.
Describe how napoleon's invasion and conquest of spain in the peninsular war of 1808 triggered the revolutions in latin america
Answer:
In the process of Independence of the Latin American countries, the influence of the wars waged by the army of Napoleon Bonaparte was of vital importance. You can even say that the movements of the French leader's troops in the Iberian Peninsula were one of the triggers of the revolutions in the area.
In 1808, Napoleonic forces invaded Spanish territory and King Ferdinand VII abdicated before the French emperor Napoleon Bonaparte. Ferdinand VII was arrested, which generated a power vacuum in the Spanish crown. The invasion and the subsequent power vacuum led Spain to war. This was the Spanish War of Independence.
As a result of all these facts, the people in the Spanish colonies of America, already influenced by the ideas of the French Revolution, began to glimpse that there was a way to suppress colonialism and achieve independence in the long term. In this context, the first government boards appeared in the main Latin American cities. Thanks to these meetings, which initially recognized the royal authority in Ferdinand VII, the beginning of the independence process in the Hispanic colonies was favored.
Which virtues on franklin's list gave him the most trouble?
The virtue of humility gave Benjamin Franklin the most trouble, as it was added to his list later after a friend pointed out his prideful behavior. Franklin believed personal virtues like humility, frugality, and diligence were essential for success and integral to republican virtue. However, his virtues list primarily focused on individual morals and behaviors without fully considering broader societal influences.
The virtues that gave Benjamin Franklin the most trouble were presumably those he later added to his list, such as humility, which was suggested to him by a Quaker friend after Franklin was told that he appeared proud and somewhat insolent in conversation. Franklin's list of virtues, initially containing twelve, was an effort to guide personal behavior towards moral perfection, with the additional thirteenth virtue of humility addressing his own self-recognized failings.
Franklin's acceptance of humility into his virtues reflects the challenging nature of achieving true modesty and meekness, especially for individuals who are accomplished and hold themselves in high regard. The broader question of how Franklin's virtues addressed topics such as the inheritance of wealth versus acquiring it through hard work delves into his belief in the importance of personal virtues like frugality, diligence, and a strong moral compass to achieve success in life.
Franklin's virtues were not exclusively meant for personal development but also served as a foundation for republican virtue. In his view, these virtues supported the idea of a populace capable of self-governance and civic responsibility, which is the backbone of a successful republic. While Franklin focused on individual behaviors and qualities such as sincerity, temperance, and tranquility, he may not have fully addressed the societal factors that could influence a person's ability to live up to these ideals, such as inherited wealth or differing social conditions.
The Maryland state law involved in the Supreme Court case of McCulloch v. Maryland
Final answer:
McCulloch v. Maryland (1819) is a landmark Supreme Court case that affirmed federal supremacy and recognized implied powers under the Necessary and Proper Clause. The decision prevented Maryland from taxing the Second Bank of the United States and set precedent for the broad exercise of federal legislative powers.
Explanation:
The Supreme Court case of McCulloch v. Maryland was a foundational case in United States constitutional law that determined the scope of the federal government's legislative powers and the relationship between the federal government and the states. The state of Maryland had placed a prohibitive tax on the Second Bank of the United States, which Maryland wanted to drive out in favor of state-chartered banks. James McCulloch, the cashier of the Baltimore branch of the Bank of the United States, refused to pay the tax, leading to a chain of court cases that culminated in the Supreme Court.
Two significant constitutional questions arose from this case:
The legitimacy of Congress chartering a bank, given it was not an enumerated power in the Constitution.
The ability of a state to tax a federal operation.
The Court's decision, delivered by Chief Justice John Marshall, first affirmed that under the Necessary and Proper Clause, Congress had implied powers to create the bank, even if not explicitly mentioned in the Constitution. Second, the Supremacy Clause was cited to strike down Maryland's tax, asserting that the states could not tax or impede valid exercises of power by the federal government.
This historic decision in 1819 established the principle of federal supremacy over the states and underscored the breadth of congressional powers through the interpretation of the Necessary and Proper Clause.
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