Asked by Carlos Enrique on May 16, 2024
Verified
How did the role of money in politics change by the end of the 1970s?
Role of Money
The role of money in society refers to its function as a medium of exchange, a unit of account, and a store of value, facilitating economic transactions and the measurement and comparison of value.
Politics
The activities associated with the governance of a country or area, especially the debate or conflict among individuals or parties having or hoping to achieve power.
- Analyze the changes in the role of money in politics by the end of the 1970s.
Verified Answer
IL
Imani LewisMay 20, 2024
Final Answer :
Since World War II, big business had contributed money to both political parties, but by the late 1970s corporations recognized the Republican commitment to cut business taxes, reduce regulations, and curb union power. By 1980 conservative pro-business Political Action Committees outnumbered and out-spent liberal and pro-union PACs 4 to 1.
Learning Objectives
- Analyze the changes in the role of money in politics by the end of the 1970s.