1786-1787 Fiscal Policy

Words: 1019
Pages: 5
Open Document
Economic policy has a lot to do with Government and how they are responsible for making policies to set up standards for taxations, government budgets, interest rates, the labor market, and numerous other policies the government is needed to intervene. The significant points in this chapter describes the founding era, fiscal policy, and monetary policy. The founding era of the economic policy transpired from the uncertainty of the Republic. This was a result of the increase of cost of living such has increased renting prices, and the increase value of land, this was all noted by Benjamin Franklin when he returned back to the U.S. after being away for six years. As a result of the damaging economic change this resulted in the 1786-1787 …show more content…
The Budget includes: debates of many programs in law enforcements, social security, education, healthcare, national security, trade policy and previous fiscal year budget deficit. The President and congress is responsible for making the fiscal policy, the steps needed to begin the fiscal policy require that they first introduce the administration budget to congress, they then hold a meeting to discuss various budget proposals, they debate the priority various provisions, they access the administration taxing and spending policies, they modify the administration priorities to reflect congressional priorities, and then the congress passes the federal budget for the fiscal year. (American Government pg. …show more content…
It Is the basic responsibility of the American government, along with its legislature to defend the state, individual and its citizens against any kind of national crises through a variety of power plans, such as political power, economic power, military force or any other power plans. In addition, elements of the national security include: Diplomacy; negotiating agreements between two or more countries to build alliances and isolate threats, Emergency preparedness; protecting communication, transportation, public health, and the economy systems, Economic power; nations use their economic power to compensate allies by forming foreign trade and aid agreement, Military force; nations use military strength or the warning of military to meet threats to national security importance and to prevent from further threats, Domestic legislation; are laws that target individuals or organizations that support violence or terrorism, Surveillance; nations use surveillance, spying and secret operations for national security reasons, they use intelligence agencies such as CIA (Central Intelligence Agency, NSA (National Security Administration), DIA (Defense Intelligence Agency) to supply surveillance connected to national security and FBI is used to protect the country from any internal
Show More

Related Documents: 1786-1787 Fiscal Policy

chater 8 hentretta notes Essay

Chapter 7 1. Creating Republican Institutions, 1776-1787 The various state constitutions, with their various degrees of popular sovereignty, laid the groundwork for efforts to create a stronger national government. Congress had been exercising de facto constitutional authority since 1776 and, despite its limited powers, successfully planned the settlement of the trans-Appalachian West. Congress established the Northwest Territory and issued ordinances affecting the settlement and administration…

Words 1539 - Pages 7

Patrick Henry Essay

Biography of Patrick Henry Short Biography | Early Life and Times | Family Timeline | Career Timeline | Henry's Will Early Life and Times Patrick Henry was born at Studley in Hanover County, Virginia, on May 29, l736. His father John Henry was a Scottish-born planter. His mother Sarah Winston Syme was a young widow from a prominent gentry family. Henry attended a local school for a few years and received the remainder of his formal education from his father, who had attended King’s College…

Words 3342 - Pages 14

Essay on AP Government and Politics

– Restrictions on government to protect natural rights Articles of Confederation 1781-1787 Nat. government could not levy taxes from states No national army No control over trade No supremacy clause No Supreme Court or Executive Amendments required unanimous vote Pass national laws – 9/13 vote Established a Post Office Constitutional Convention – Summer 1787 Aborted Annapolis Meeting – September 1786 Only five states showed up Thomas Hobbes – Man’s natural state was war. A strong leader…

Words 3262 - Pages 14