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The United States Constitution is an expression of Americans diverging from colonial rule, according to this viewpoint. Its effect is reflected in the ideals of limiting the rulers of a state apart and above sitting law-givers in a parliament. The concepts of governance influencing others internationally are not only found among similarities in ...
Thus in a trade war, since exports and imports will decrease equally, for the whole world, the negative effect of a decrease in exports will be compensated by the expansionary effect of a decrease in imports. A trade war therefore does not cause a recession. Furthermore, he notes that the Smoot–Hawley tariff did not cause the Great Depression.
Constitutional economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents".
Every four years, we elect a new president to lead our nation. Also referred to as "the leader of the free world," this person is often judged and associated with how the economy is doing when ...
An Economic Interpretation of the Constitution of the United States is a 1913 book by American historian Charles A. Beard. [1] It interpreted the early history of the United States from the lens of class conflict, arguing that the Constitution of the United States was structured to financially benefit the Founding Fathers.
The economy grew every year from 1812 to 1815 despite a large loss of business by East Coast shipping interests. Wartime inflation averaged 4.8% a year. [105] The national economy grew 1812–1815 at the rate of 3.7% a year, after accounting for inflation. Per capita GDP grew at 2.2% a year, after accounting for inflation. [104]
Wickard v. Filburn, 317 U.S. 111 (1942), was a landmark United States Supreme Court decision that dramatically increased the regulatory power of the federal government. It remains as one of the most important and far-reaching cases concerning the New Deal, and it set a precedent for an expansive reading of the U.S. Constitution's Commerce Clause for decades to come.
In ratification conventions, the anti-slavery delegates sometimes began as anti-ratification votes. Still, the Constitution "as written" was an improvement over the Articles from an abolitionist point of view. The Constitution provided for abolition of the slave trade but the Articles did not. The outcome could be determined gradually over time ...