Question

7. What is “localism”? How did it affect the nation’s ability to react to social and...

7. What is “localism”? How did it affect the nation’s ability to react to social and economic problems? At what point(s) did it recede somewhat?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Localism is theory where politicians prefer higher power in particular local region. In US this was highly prevalent in Suburban and Urban areas which saw maximum infrastructure push and reforms which thus caused the rural areas to get neglected and hence overall GDP contracted.

Due to burgeoning debt and reduced GDP thr government started higher taxation policies in suburban areas to push rural growth by distribution of income and thus overall GDp stabilised.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How do social problems with teenagers affect society on a macro level? How do these social...
How do social problems with teenagers affect society on a macro level? How do these social problems affect an individual on a micro level? What factors place this population in a position of vulnerability to discrimination or exploitation?
How did the slave trade affect African development, according to Nunn and Wantechekon? How does their...
How did the slave trade affect African development, according to Nunn and Wantechekon? How does their argument relate to Putnam’s concept of social capital?
How did Japan's location off the coast of East Asia affect its Economic development?
How did Japan's location off the coast of East Asia affect its Economic development?
How did the Mexican-American War affect national political and economic developments in subsequent decades?
How did the Mexican-American War affect national political and economic developments in subsequent decades?
By the mid-nineteenth century, the South had become a “cotton kingdom.” How did cotton’s profitability shape...
By the mid-nineteenth century, the South had become a “cotton kingdom.” How did cotton’s profitability shape the region’s antebellum (1815-1860) economic and social development? How did this affect the institution of slavery for blacks and whites?  
What is the Federal funds rate and how does it affect the economy? The Federal Reserve...
What is the Federal funds rate and how does it affect the economy? The Federal Reserve (FED) increased both the Federal funds rate and their interest rate expectations during their March meeting. Why? How did the market react to the news? What effect, if any, did the TCJA have on the FED’s growth and inflation expectations?
1. How does the political economy of the United States affect children? 2. How is family...
1. How does the political economy of the United States affect children? 2. How is family structure related to delinquent behavior? 3. What are the characteristics of schools that encourage both school failure and delinquency? 4. What are potential problems associated with media-controlled perceptions of juvenile justice? 5. What were the social conditions faced by children in the Middle Ages? 6. In what ways did houses of refuge fall short of their initial goals? 7. Why is John Augustus called...
What was Renaissance humanism and how did it affect thinking about education then and even now?
What was Renaissance humanism and how did it affect thinking about education then and even now?
What were the opportunities and threats in the optical industry? How did these trends affect industry...
What were the opportunities and threats in the optical industry? How did these trends affect industry growth?
There are many life stresses that affect the answer to the question. How does social security...
There are many life stresses that affect the answer to the question. How does social security affect the answer? What the stresses on social security? Is SS viable for me at 66? for you at your age? How has SS managed to be viable for so long; how has SS been adjusted over the years to maintain viability?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT