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?
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.
Get Answers For Free
Most questions answered within 1 hours.