An example of deficit spending during world war II was military spending that surpassed the amount of taxes that the government was collecting. The government took great efforts in convincing the American people that rationing was an equitable act.
One of the causes of the economic troubles was a mushrooming financial crisis that was due in part to years of deficit spending. This occurs when a government spends more money than it can take in. (all information from world history textbook)
Frankin Roosevelt a+online
the president was Roosevelt
During World War II . Franklin Delano Roosevelt died three weeks before Germany surrendered on 7th May, 1945.
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.
An example of deficit spending during world war II was military spending that surpassed the amount of taxes that the government was collecting. The government took great efforts in convincing the American people that rationing was an equitable act.
One of the causes of the economic troubles was a mushrooming financial crisis that was due in part to years of deficit spending. This occurs when a government spends more money than it can take in. (all information from world history textbook)
Franklin D. Roosevelt.
Franklin Delano Roosevelt .
Franklin D. Roosevelt
Roosevelt
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FDR : Franklin Delano Roosevelt .
Herbert Hoover and Franklin Roosevelt were presidents during the Great Depression.
Franklin Roosevelt
Roosevelt