https://padlet.com/annalise_goulding/2znuhhjbbx9i en-us 2019-05-06 20:24:08 UTC 2024-05-22 12:56:13 UTC hello@padlet.com annalise_goulding https://padlet.com/annalise_goulding/2znuhhjbbx9i/wish/357380262 -The American economy is massive, involving hundreds of millions of people and trillions of dollars. It can be difficult to know whether the overall economy is healthy or faltering from each individual person’s perspective.
-Beginning with the Great Depression of the 1930s, the federal government has played an increasing role in managing the nation’s economy.
-To stimulate the economy, the government could spend money on various projects. Through increased spending, the government tries to put more people to work and increase economic activity.
-Demands for cutting the deficit and balancing the budget have grown since 1980 even though experts disagree on what levels of debt and deficit are sustainable
-When the Federal Reserve System was established in 1913, it was organized as a privately-owned stock corporation. The largest banks in the country were required to contribute a portion of their financial capital to build the Fed, and in return they received shares of stock ownership. This meant that the Fed was technically owned by private commercial banks, which, as owners, received dividends on their stock ownership shares
-The Board of Governors has two major responsibilities in forming monetary policy. First, and most important, it determines the general money and credit policies of the United States. Second, it supervises the operations of the Federal Reserve Banks in the 12 districts across the country.]]> 2019-05-06 20:24:42 UTC https://padlet.com/annalise_goulding/2znuhhjbbx9i/wish/357380262 annalise_goulding https://padlet.com/annalise_goulding/2znuhhjbbx9i/wish/357380299 -State governments began using the sales tax during the Great Depression in the 1930s. Sales tax is calculated as a percentage of dollars spent to buy goods. For example, if the sales tax is 5 percent and you spend $100, the tax is $5. 
-People have strongly criticized the sales tax as a regressive tax. A regressive tax is a tax in which the percentage of income that is paid in taxes drops as incomes rise
-States also raise revenue from several other sources. Many of these are imposed in the form of licensing fees. States require professionals to pay for licenses to do business in the state. 
- Grants also promote programs and goals that reflect national goals. Finally, because grants come with certain guidelines and requirements, they often set minimum standards for a service in the states. For example, the federal government provides grants to make sure that all states provide a minimum public welfare program.
-Property taxes are collected on real property and personal property. Real property includes land and buildings. Personal property consists of such things as stocks and bonds, jewelry, furniture, automobiles, and works of art. Most local governments tax only real property. If personal property is taxed at all, the rate is usually very low.
- A government tax assessor first calculates the market value of the homes and other real property in the community.]]> 2019-05-06 20:24:50 UTC https://padlet.com/annalise_goulding/2znuhhjbbx9i/wish/357380299 annalise_goulding https://padlet.com/annalise_goulding/2znuhhjbbx9i/wish/357382139 2019-05-06 20:30:44 UTC https://padlet.com/annalise_goulding/2znuhhjbbx9i/wish/357382139