President Carter’s second economic plan proposed new regulations for businesses. controlling wages and consumer pricing. a new method for reducing stagflation. establishing a national banking system.

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the main concern with the first draft of the articles of confederation was too much power in the state governments.

the national congress's powers over the states were specific and definite: it had the sole power to negotiate treaties, declare war, and make peace. all powers not granted to congress were reserved for state governments. congress had no power to levy taxes, for example.