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How did president Ronald reagans supply side economics work?
Taxes are reduced, so people have increased income to spend.
What was the economic effect of ww2?
America's response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.
How did President Reagan's supply's economics work?
Taxes are reduced, so people have increased income to spend.
How did president Ronald Reagan's supplied economics work?
Taxes are reduced, so people have increased income to spend.
How did World War 2 affect economy?
it increased wages
What is The War Revenue Act?
it increased income taxes greatly in order to raise money for WW1.
Why did the government increased taxes in world war 2?
probebly because they wanted more money to buy certain products relevant to the war.
What was the war revenue bill?
The war revenue bill was enacted in 1917. The war revenue bill funded the war, and greatly increased taxes against individuals and corporations to support the war.
How was the federal government able to finance the increased production of goods and supplies during World War I?
Increases taxes
Did the British increase taxes on the colonists to help pay for the french and Indian war?
Yes, the increased tax was a cause of George's War, which was part of the French and Indian War.
The colonists' initial goal against the British was to?
The colonists initial goal against the British was for lower taxation. Instead of lowering taxes the British increase taxes. The increased taxes led to the Revolutionary war.
What did Ronald Reagans economic policies do?
They increased defense spending and lowered taxes.
How did president Ronald reagans supply side economics work?
Taxes are reduced, so people have increased income to spend.
Is it true that in recording the adjusting entry for accrued taxes both accounts involved are increased?
No, in recording the adjusting entry for accrued taxes, one account is increased while the other account is increased. The accrued taxes payable account is increased to record the liability for the taxes that has been earned but not yet paid, and an expense account (such as taxes expense) is also increased to reflect the amount of taxes that has been incurred.
What best describes how the federal goverment financed the war effort?
In average wars; Korean, Vietnam, Afghanistan, Iraq, the USA government financed it with taxes. In Big wars like WWI and WWII; war bonds were sold to help pay for the cost of fighting the war.
Did America approve of English monarchy?
No, after taxes were arbitrarily imposed and increased.
Which action caused many American colonists to support independence from the british empire?
Great Britain increased taxes on many items in the colonies.
