2. Describe the typical professional and educational backgrounds of the US Presidents. There have been quite a few lawyers, but for the first two hundred years education was pretty much haphazard. Jefferson was fairly well educated, while Washington was primarily home schooled. Lincoln attended perhaps a year of actual school. Only one president actually achieved a Phd. There are a couple of MBA's out there and several lawyers.
3. Compare treaties with executive agreements. Executive agreements are what a president does by himself with other countries while a treaty needs the permission of the senate.
4. Explain why FDR is said to be the “founder of the modern presidency”. He established many of the cabinet and departments that are there today. income tax, social …show more content…
Fully discuss the formal and informal powers of the presidency. Be sure to give examples. The President has a fairly large number of powers, so I will simply summarize them and point to you a more exhaustive resource.Formal Powers:Powers of Appointment The President is responsible for making about 6,000 appointments - the most important of which are his cabinet and federal judges (including the Supreme Court). Most of these must be approved by the Senate. Commander-in-ChiefThe President is the final authority in military matters and ultimately is responsible for the entire military might of the United State. Foreign AffairsThe President has the right to conduct diplomatic missions and set foreign policy on behalf of the United States.- Executive Clemency.The President has the power to pardon or commute the sentence of convicted criminals. Emergency Power.The President has the ability to declare a 90 day period of Emergency during which he can use the full force of the military without seeking permission from Congress either in the form of a declaration of war or through funding, Veto. The President can veto any bill signed by Congress - preventing it from passing unless both Houses can muster a 2/3rd majority in favor of passing the bill. In most cases, a veto will kill a proposed bill. Informal Powers: Policy Maker.Probably the most important "informal power" of the President is his ability to influence the legislative agenda and set economic policy. As the most …show more content…
Explain the Federal Reserve Board’s open market operations. a committee within the Federal Reserve System, is charged under United States law with overseeing the nation's open market operations (i.e., the Fed's buying and selling of United States Treasury securities).[1] It is the Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money supply.[2] It is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the short-term objective for the Fed's open market operations, which is currently a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight