The First Codification of the Tax Law Occurred in 1954

question 67

True/False

The first codification of the tax law occurred in 1954.

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Definitions:

Third World Countries

A term historically used to describe nations that were neither aligned with the capitalist First World nor the communist Second World during the Cold War, often referring to developing countries.

Segregation Practices

Policies or practices promoting the separation of people based on racial or ethnic differences, historically enforced through laws and social norms.

Containment Policy

A United States foreign policy during the Cold War aimed at preventing the spread of communism by providing economic and military support to countries threatened by communist insurgency.

Truman Doctrine

A policy set forth by U.S. President Harry S. Truman in 1947, supporting countries that rejected communism, marking the start of the Cold War era.