answersLogoWhite

0


Best Answer

The 16th Amendment let Congress collect income taxes which promted the creation of a progressice income tax that fell more heavily on the rich. This allowed more money to be collected from those who had more.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why was the passage of the 16th amendment and the federal reserve act significant change in the economy of the us?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the four most significant events of Prohibition?

Passage of the 18th Amendment, passage of the Volstead Act, passage of the 21st Amendment, and the St. Valentine's Day massacre.


How did the passage of eighteenth amendment and the volstead acts change the federal governments role?

Becuase of its dificult situation and volstead Act influenced.


When did women's right to vote become a federal law?

In Australia the first Federal Elections held when women were permitted to vote was on April 25th, 1896.


What made the election of hundreds of African American leaders to local state and Congressional offices possible during the 1870s?

The passage of the Fifteenth Amendment


Why were hundreds of African Americans elected to local state and Congressional offices during the 1870s?

The passage of the 15th Amendment


What temperance movement achieved its goals with the passage of?

The 18th amendment


What The temperance movement achieved its goals with the passage of?

The 18th amendment


Prohibition began with the passage of what?

The 18th Amendment


Which president endorsed the passage of the 19th Amendment which gave women the right to vote?

Woodrow Wilson endorsed the passage of the 19th Amendment, which gave women the right to vote.


Which passage in what amendment led to a loss of influence of state government in national policy making?

14th amendment


People who fought for the passage of the 19th amendment where called what?

Suffragists


What are 3 areas that some people want passage of constitutional amendments?

Anchor babies and immigration (restructure the 14th amendment), term limits (politicians were never supposed to be career politicians), balanced federal budget, further protections against federal tyranny