Question

In: Economics

The system of government in the U.S. has historically been one of checks and balances. Provide...

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

Solutions

Expert Solution

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.


Related Solutions

Historically, by the Glass Steagall Act of 1933, the U.S. financial system has been distinguished from...
Historically, by the Glass Steagall Act of 1933, the U.S. financial system has been distinguished from financial systems in other developed countries by the: a. Segmentation of securities into both debt securities and equity securities b. Segmentation of banking, underwriting, and insurance activities c. Integration of banking, underwriting, and insurance activities within single financial institutions d. Existence of regulations e. Use of currency
Two principles fundamental to the U.S. system of government arethe separation of powers and checks...
Two principles fundamental to the U.S. system of government are the separation of powers and checks and balances. Please define each concept. Next, I would like you to give me a concrete example of the separate powers of each branch of government. Finally, I would like you to give me a concrete example of how each branch of government checks each of the other branches of government. Please be specific.
The checks and balances between the three branches of American government. Is any one branch more...
The checks and balances between the three branches of American government. Is any one branch more powerful than the other two? Why or why not? What could be done to more evenly distribute power between the branches?
1. Generally speaking, U.S. labor demand has historically _____ over time; U.S. labor supply has historically...
1. Generally speaking, U.S. labor demand has historically _____ over time; U.S. labor supply has historically _____ over time. Group of answer choices increased; increased decreased; increased decreased; decreased increased; decreased 2. If a decrease in the minimum wage causes the market wage to decrease, then Group of answer choices the quantity of labor supplied will decrease and the quantity of labor demanded will increase the quantity of labor supplied will stay constant and the quantity of labor demanded will...
The tax system is how the U.S. Government raises the revenue it needs to provide goods...
The tax system is how the U.S. Government raises the revenue it needs to provide goods and services for its citizens. Do you think our tax system shares the burden of these goods and services fairly amongst all Americans? If you were in charge, what would be your policy position--or approach--to the U.S. tax system?
How does the system of checks and balances serve to limit the concentration of power in...
How does the system of checks and balances serve to limit the concentration of power in the federal government? Cite specific ways the Legislative branch, the President and the Executive branch and the Supreme Court Justice and Judicial branch of government limit power of each of the other branches.
A new system has been implemented with the purpose of reducing transaction time historically at 10...
A new system has been implemented with the purpose of reducing transaction time historically at 10 minutes. A random sample of 80 transactions obtained after the implementation of the new system showed an average time of 9.5 minutes with a standard deviation of 1.5 minutes. Would you say that there has been a reduction of processing time occurred after the implementation of the new system? Formulate the hypothesis: A. Ho: µ≥9.5 . Ha: µ<9.5 B. Ho: µ>10 . Ha: µ≤10...
1. Historically the gap in information has been one of the biggest advantages that players in...
1. Historically the gap in information has been one of the biggest advantages that players in the market have been able to take advantage of. With the Information channels that are available now, near real time information is available. Why is there still room in the market for players to be successful in the International financial markets? 2. How does arbitrage mitigate exposure?
Write paragraphs on each question: 1) Checks and balances among the three branches of government, with...
Write paragraphs on each question: 1) Checks and balances among the three branches of government, with their main functions. 2) Transaction cost analysis of the Articles of Confederation and changes in the US Constitution
"The Capital Asset Pricing Model (CAPM) has historically been used to provide investment managers and analysts...
"The Capital Asset Pricing Model (CAPM) has historically been used to provide investment managers and analysts with a method of determining a rate of return to apply to stock valuations. While very useful, the model is constrained regarding the number of factors it takes into account. Is this model rich enough to result in a useful rate of return? Is the Arbitrage Pricing Theory more useful?  What are some of the important differences?"
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT