What is the significance of the system of checks and balances?
Theoretically, this ensures that no one person or one agency has ultimate power. Unfortunately the system has been so destroyed over the years that many checks and balances are no longer in place.
The constitution was meant to have a balance of strength and flexibility, this is why they need it, so one branch does not have any too much power(said above) so there isn't too much strength in 1 branch and there is flexibility between all the branches.
The system of checks and balances affects the branches of government by ensuring that each of the 3 branches of government are equal in power. The system of checks and balances, both checks, and limits the power of the 3 branches of government to ensure that each branch of government doesn't become to powerful.
The system of checks and balances is an important part of the Constitution. With checks and balances, each of the three branches of government can limit the powers of the others. This way, no one branch becomes too powerful. Each branch "checks" the power of the other branches to make sure that the power is balanced between them.
For what reason did the delegates create a system of checks and balances within the federal government?
It depends on the government; not all governments have a system of checks and balances. In the case of the USA, the philosophy behind checks and balances is that each poliical branch will apply pressure to the other branches and prevent any one person or political party from completely controlling the United States.