Where did the money for the New Deal programs come from?

Answer 1

The US government paid for World War 2 by taking money from the economy of the surrounding states. This money was used to make supplies for the war.
they did this by increasing several kinds of taxes and war bonds.

Answer 2

According to historical records and on-going legal battles, 50 million ounces of silver and vast amounts of gold were sold and leased to the United States government under Roosevelt. This was 3/7 of the national treasury of China, then in control by the KMT Nationalist Party, and worth aprox $145 Billion then (todays value of 1 trillion USD) then part of the vast treasury of several thousand years of accumulated wealth. Because China was partly occupied by the Japanese in 1933, the KMT feared that the gold would be taken by the Japanese. The precious metals were exchanged for 249 Federal Reserve notes each worth 500 million USD. Immediately after there was a national decree by the Roosevelt government that all gold and silver were to be turned over to the Federal Government. This excerpt from case files at the South New Yolrk District Court.

Upon information and belief, followingthe promulgation in 1934 of the Gold Reserve Act, the law required all bullion gold

and gold coin to be surrendered to the FederalReserve, a private corporation that is chartered to operate as the CentralBank of the United States and the issuer of the United States Dollar.

Upon information and belief, domestically owned gold was purchased. Foreign Gold held by the Treasurywas also surrendered to and thus leased to the Federal Reserve, which resulted in the issuanceof the series of 1934Notes by the Federal

Thus covering up some of the source of the vast amount of currency to support the second New Deal. These funds are now being sought for return in a myriad of class action suits and private efforts to recover the money.

Chris M

Answer 3

New Deal programs required more taxes, however, as the US was in the Great Depression, higher taxes were not necessarily a good thing. The government turned to deficit spending and also borrowed funds wherever it could. Near the end of the 1930's US defense companies made taxable income from selling arms to European nations.