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Who controls the level of national debt?
The level of national debt is controlled by Congress in the United States.
Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?
European nations
What is a history sentence for national debt?
National debt refers to the total amount of money that a country's government has borrowed and owes to creditors. Throughout history, nations have accrued debt to finance wars, stimulate economies, and address crises. For example, in the aftermath of World War II, many countries significantly increased their national debt to rebuild their economies. The management and implications of national debt continue to shape economic policies and discussions worldwide.
What are five ways the national debt can affect the economy?
Delayed social security, rising interest rates, difficulties in investing, tax payers paying the burden, and a recession that extends across nations are five ways the national debt can affect the economy. For businesses and trade to be strong, the national debt cannot be high.
Why did the Southern States like Alexander Hamilton's plan to solve the national debt?
Funding and Assumption. He wanted a National Bank to assume the nations debt
What was the national debt in 1791?
the national debt was something used to create national debt
Why did nations form alliances with other nations?
they probably owed them debt or helped them out of debt.
What level of government should have the exclusive power to deal with nations?
National government
How would you deal with a nations increasing debt?
Many nations have a national debt. When the debt is too large, small countries with a bad credit rating will find it difficult to borrow funds. In the case of the US, the national debt is very high. This is troubling, however, the US has a solid record of always paying its debts when due. That means it has no problems at all in selling Treasury securities, as one example. Still, its better to decrease the national debt. Most solutions to this problem that are reasonable are to raise taxes and cut down spending. This will work to slowly decrease the debt. A very reasonable goal.
National debt in 2003?
What was the national debt in 2003?
Is America rich or poor?
America is considered to be one of the richest nations. Though it has a huge national debt, so the answer is a matter of perception.
What level of government should have the exclusive power to deal with foreign nations?
National government
