As the Constitutional Convention deliberated in Independence Hall in 1787, a significant debate emerged that pitted the smaller states against the larger ones. The issue of representation within a proposed dual system, known as the House of Representatives and the Senate, had created a fiery dilemma that was threatening to break
Philadelphia was one of the most prominent cities in early American history. It was home to the United States’ first library, hospital, and business school. The city even served as the nation’s first capital from 1790 to 1800. And Philadelphia was the setting for the signing of the Declaration of
Standing tall in the New York Harbor with a torch gleaming over the city is Liberty Enlightening the World. Erected in 1886, her more established title is the Statue of Liberty. The Statue of Liberty is one of the most recognizable monuments in the world and on average about 10,000
A Budget Deficit occurs when government spending (outlays) is greater than its revenue (receipts). To break it down further, Outlays are payment obligations for specific programs and Receipts is the money generated through taxes. For the United States Federal Government, the three main sources for federal tax revenue are individual income tax (50% of all revenue),
Gross Domestic Product (GDP) is an economic indicator that is used to compare the standard of living between countries around the world. It is the currency value of all goods and services produced or all economic activity as measured during a specific time period. GDP is considered the king of economic metrics.
On April 3, 2020, the Bureau of Labor Statistics reported that 701,000 jobs were lost in March due to the COVID-19 pandemic (figure was later revised to -881,000). This brought an abrupt end to the longest stretch of job creation in United States history. Beginning in October of 2010 during