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Why did many people worry about economic problems after world war 2?
Because most countries spent most of there money in the war effort
Which event led to the end of balanced budgets and the onset of deficit spending?
Alexander Hamilton was the first to have a deficit when he borrowed money to fund the Revolutionary War, but a pattern of deficit spending began with President Roosevelt borrowing money because of the Great Depression. It continued during World War 2 and gross public debt escalated in the 1980's.
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 nations declined econmically after World War 2?
he countries which was effected economically after the war was: France, Nazi Germany and the United Kingdom. Most all countries in Europe which contributed or was involved the war suffered economically.
What was the least prosperous sector of the economy in the 1920's?
Agriculture, dropped 50% during that year.
What did Germany do in order to pay its war debt?
borrowed more money
How did government mobilize the economy for the war effort World War 1?
Congress passed the War Revenue Act of 1917. The Government borrowed money to pay for the war.
Financing the war with borrowed money was a example of?
Deficit Spending
Why did the government borrowed large amounts of money during the revolutionary war?
War costs a lot of money. They are not free.
In order to pay its war debt Germany?
Borrowed more money.
In order to pay its war debt Germany had to?
borrowed more money
Why does Iraq owe the US money?
because they borrowed money from US to pay for war stuff
How did the US raise the money to fight the Civil War?
They borrowed money form France and Spain.
What was the conclusion of World War 1?
The conclusion of the World War One was that Germany had to give the Allies money to pay for all the damages to their countries.
What made the US the greatest world power by the end of World War 1?
our coutryside and industries hadn't been ruined by years of war and bombardment. plus many European nations owed the US for money and supplies they borrowed during the war.
What did the goernment did to raised money in world war 1?
They borrowed it, and then created a 20 year tax to pay it off. It was called the Income Tax. Go figure.
Where World War 2 came from?
after the 1 world war Germany had very little money and were bullied by other countries. When the Nazis went into power they started taking over countries like Austria. Then the war started
