Reaganomics (a portmanteau of Reagan and economics attributed to Paul Harvey) refers to the economic policies promoted by the U.S. President Ronald Reagan during the 1980s. The four pillars of Reagan's economic policy were to: Reduce government spending, Reduce income and capital gains marginal tax rates, Reduce government regulation of the economy, Control the money supply to reduce inflation.
The Thirteenth Amendment to the United States Constitution officially abolished and continues to prohibit slavery and involuntary servitude, except as punishment for a crime. It was adopted on December 6, 1865, and was then declared in a proclamation of Secretary of State William H. Seward on December 18.
The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on Census results. This amendment overruled Pollock v. Farmers' Loan & Trust Co. (1895), which limited Congress's authority to levy an income tax. It was ratified on February 3, 1913.
The economy of the United States is the largest national economy in the world. Its nominal gross domestic product (GDP) was estimated at $14.2 trillion in 2009, which is about three times that of the world's second largest national economy, Japan. Its GDP by PPP is almost twice that of the second largest, China. The U.S. economy maintains a very high level of output per person (GDP per capita, $46,442 in 2009, ranked at around number ten in the world). Historically, the U.S.
The First Transcontinental Railroad (known originally as the "Pacific Railroad") was a railroad line built in the United States by the Central Pacific Railroad of California and the Union Pacific Railroad between 1863 and 1869 that connected its statutory Eastern terminus at Council Bluffs, Iowa/Omaha, Nebraska with the Pacific Ocean at Alameda, California on the eastern shore of San Francisco Bay opposite San Francisco.
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. Three distinct kinds of gold standard can be identified. The gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a lesser valuable metal.
The Cross of Gold speech was delivered by William Jennings Bryan at the 1896 Democratic National Convention in Chicago on July 9, 1896. The speech advocated bimetallism. Following the Coinage Act (1873), the United States abandoned its policy of bimetallism and began to operate a de facto gold standard. In 1896, the Democratic Party wanted to standardize the value of the dollar to silver and opposed a monometallic gold standard.
The Pike's Peak Gold Rush (later known as the Colorado Gold Rush) was the boom in gold prospecting and mining in the Pike's Peak Country of western Kansas Territory and southwestern Nebraska Territory of the United States that began in July 1858 and lasted until roughly the creation of the Colorado Territory on February 28, 1861. An estimated 100,000 gold seekers took part in one of the greatest gold rushes in North American history.
The corporate personhood debate refers to the controversy (primarily in the United States) over the question of what subset of rights afforded under the law to natural persons should also be afforded to corporations as legal persons. In the United States, corporations were recognized as having rights to contract, and to have those contracts honored the same as contracts entered into by natural persons, in Dartmouth College v. Woodward.
Ukraine is a country in Eastern Europe. It is bordered by Russia to the east; Belarus to the north; Poland, Slovakia, and Hungary to the west; Romania and Moldova to the southwest; and the Black Sea and Sea of Azov to the south. The city of Kiev (Kyiv) is both the capital and the largest city of Ukraine. Ukraine's modern history began with the East Slavs. From at least the 9th century, Ukraine was a center of the medieval living area of the East Slavs.
In economics, game theory, and decision theory the expected utility theorem or expected utility hypothesis is a theory of utility in which "betting preferences" of people with regard to uncertain outcomes (gambles) is represented by a function of the payout (whether in money or other goods), the probability of occurrence, risk aversion, and the different utility of the same payout to people with different assets or personal preferences.