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France and Britain
France and Britain
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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 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.
Why were the IMF and the World Bank established after World War 2?
prior to world war 2, the world had been colonised by European countries. Europe then controlled about 85% of the worlds land surface. after ww2, their economies and infrastructure were decimated and so they withdrew from nearly all of their colonies and granted them independence in what was called 'decolonisation'. the only problem was that these former colonies didn't have any of the means to support their own development because during their years under colonial rule they were exploited for their natural resources and hadn't developed their own industries. this meant that these countries just kept getting poorer and poorer. the world bank and imf were est after ww2 to give these countries the money they needed for their own development.
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.
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
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.
