What Led to the Recognition That Presidents Had a Prominent

question 64

Multiple Choice

What led to the recognition that presidents had a prominent role to play in the economy after World War II?

• A)The Budget Act of 1921
• B) Woodrow Wilson's change to an annual State of the Union address
• C) the Employment Act of 1946
• D) the creation of the Federal Reserve Board in 1913
• E) the creation of the Bank of the United States

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Definitions:

Implied Novation

A legal concept where a new contract is assumed to replace an old one due to the actions or situations of the parties involved, without this being explicitly stated.

Actual Novation

The replacement of an existing obligation with a new one, extinguishing the original obligation and creating a new contract with different terms.

Buyout Price

The agreed amount for which an ownership interest in a business can be purchased outright.

Court Order

A formal instruction issued by a court that requires a person or entity to do or not do something.