In: Economics
The system of government in the U.S. has historically been one of checks and balances. Provide examples of these checks and balances as they pertain to the Board of Governors of the Federal Reserve and their relationship to the executive and legislative branches of government.
Answer in a paragraph
The checks and balance system is a significant piece of the Constitution. With balanced governance, every one of the three parts of government can restrain the forces of the others. Thusly, nobody branch turns out to be excessively amazing. Each branch "checks" the intensity of different branches to ensure that the force is adjusted between them. How does this arrangement of balanced governance work?
Examples
The Constitution of the US is loaded with checks and balances of the three parts of government. The best case of this is that the president can veto any bill passed by Congress, yet a 66% vote in Congress can supersede the veto.
In 1996, the Defense of Marriage Act was marked into law by President Bill Clinton. It announced that the government meaning of marriage involves a man and a lady. In 2015, the Supreme Court decided that equivalent sex marriage was legitimate in government terms.
In 1998, the House of Representatives brought arraignment charges against President Bill Clinton, however the Senate cleared him.
In 2016, Congress abrogated a veto by President Barrack Obama over the issue of groups of 9/11 casualties being permitted to sue Saudi Arabia.