Commercial zoning, nonexistent in early American history, has come to play a crucial role in the land-use patterns of American business over the last century.
Initially touted as an act to lower tariffs, the longer termsignificance was the manner in which the act attempted to offset the loss of tariff revenue—namely by creating the federal income tax on individuals.
Proponents of the trickle-down theory contend that economic gains by the wealthy (such as tax cuts) result in investment or purchases that ultimately result in more jobs for the middle and lower classes by creating economic growth that increases demand for goods and stimulates production.
The Teapot Dome scandal was a defining moment in American history that helped fuel the public’s general distrust of government and fears of corporate-governmental collusion.
U.S. senator Robert A. Taft and U.S. representative Fred A. Hartley, Jr., sponsored the legislation officially known as the Labor Management Relations Act of 1947 and commonly known as the Taft- Hartley Act.
American ambivalence toward banks and central bankers has never been shared by the U.S. Supreme Court, whose decisions in banking law have supported both a national bank and a national banking system...
Supply-side economics, embraced by U.S. president Ronald Reagan during the 1980’s in an attempt to boost the U.S. economy after the stagflation of the 1970’s...
The Supreme Court ruled that the U.S. president’s seizure of the steel mills was unconstitutional, thus giving support to the most basic premises of a free-market economy devoid of government intrusion.
Sales taxes are a burden to businesses in the sense that they must be collected by the retailer, whose cost of collection must be considered as a cost of doing business.
Industrialists and businessmen who contributed heavily to the temperance movement later became Prohibition’s most important opponents, primarily because of a rise in crime and hostility toward authorities and threats of increased taxation.