Congress has the express financial power to?
a) establish a national banking system.
b) create and collect new taxes.
c) order the president to borrow money.
d) seize property for government projects.

The United States Congress has the express financial power to B. create and collect all new taxes. This can be found in Article 1, Section 8, Clause 1 of the U.S Constitution. This grants the government the power of taxation. It is also known as the Tax and Spending Clause. The Congress can impose taxes, collect taxes, and pay debts for the general welfare of the United States. Some of the taxation Congress has employed are regulatory taxation, prohibitive taxation, and tariffs. The correct answer is B.

Congress has the express financial power to create and collect new taxes

Further ExplanationUnder the federal government power is shared between the central government and the state governments.The constitution outlines powers of each government such that both governments have individual powers and shared powers.  State and federal powersExpressed powers  They are also called enumerated or delegated power, they are specifically delegated by the constitution. These are powers that only belongs to the central government.

They include;  

Treaty making,  Foreign trade  Declaration of warMilitary building  Money printing Creating and collecting taxes, etc.Concurrent powers  They are powers that are shared by both central government and the state government.Concurrent powers include: collection of taxes, borrowing and spending money, making laws, etc.Reserved powers  These are powers that only belong to the state governments. These powers are reserved to the states and allows the states to legislate and control to protect the safety, health and morals of its people.Examples of reserved powers are, zoning laws, state criminal laws, and environmental protection among others.  

Key words: Congress, expressed powers, powers, federal government 

Learn more about:  Federal government: Power division in federal government: Expressed powers:

Level: High school

Subject: History  

Topic: Federal government  

Sub-topic: Expressed powers of the congress

question 1

the reasons for the global discontent in the early 1900s were the following:

desire for independence   was the main fight of many territories which were still under the control of colonial powers. dissatisfaction with peace terms of wwi . the best example is the case of germany, that was forced by the peace treaties to pay very expensive war reparations to the winners of wwi. some time later, german leaders broke relations and stopped recognizing the authority of those who imposed sanctions on their country, counting with the support of the population that was suffering the important economic consequences of the payment of reparations. overproduction of consumer goods which led to hyperinflation scenarios and very week currencies and economies.

question 2

the reasons for the great depression were the following, and these led to wall street crash in october 1929 and caused the subsequent great recession period.

high personal debt, that ended up with many bankrupt investors. falling stock price as everybody was getting rid of the stocks, many because they could not meet the amounts of money required by the margins that backed their investments.

question 3

italy: led by the fascists and benito mussolini   and promised to restore the greatness of the roman empire. germany: led by adolph hitler and the nazi party and conducted anti-jewish riots in austriajapan: was controlled by aggressive military leaders and invaded countries for their resources

2.