Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 |
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Page 20
Thus New England , with her relatively equal distribution of wealth , favored direct taxation , whereas the Southern colonies , because of the nature of their land tenure , drifted away from direct taxation .
Thus New England , with her relatively equal distribution of wealth , favored direct taxation , whereas the Southern colonies , because of the nature of their land tenure , drifted away from direct taxation .
Page 39
However , all taxes had to be uniform throughout the United States , a direct tax could be levied only by apportionment among the states in accordance with population , and no export duty could be levied ( Art . I , sec . 9 ) .
However , all taxes had to be uniform throughout the United States , a direct tax could be levied only by apportionment among the states in accordance with population , and no export duty could be levied ( Art . I , sec . 9 ) .
Page 411
Most of its disbursements went for direct relief in cash and in kind . At the height of the program in January , 1935 , re- lief families were receiving $ 30.45 a month , and the Federal government was supplying 74 per cent of total ...
Most of its disbursements went for direct relief in cash and in kind . At the height of the program in January , 1935 , re- lief families were receiving $ 30.45 a month , and the Federal government was supplying 74 per cent of total ...
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Contents
The Meaning and Basic Trends of Financial History | 1 |
Monetary and International Fi nancial Policies | 4 |
26 | 7 |
Copyright | |
56 other sections not shown
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report authorized balance bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash cent certificates circulation cities coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export favored Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks Hoover important income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary money market money supply municipal National Bank Act national banks national-bank operations paper money payments pensions period President proposed purchase receipts recommended rediscount reduced refunding repealed Reserve banks retirement revenue Secretary securities Senate silver specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York