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The war-stimulated economy was booming. The hand of government touched more American lives more intimately during the war than every before; every household felt the constraints of the rationing system. Following the war, the national debt rose from $49 billion in 1941 to $259 billion in 1945. Most of the war costs were borrowed.

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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 is the national debt?

The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.


What is national debt in 2015?

It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars.


Which is larger the National Debt or the Gross National Product?

The Gross National Product; The National Debt is reaching 10 trillion and the G.N.P. is over 11 trillion.


What does The national debt include?

all federal debt from previous years.