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Why did people think the Vietnamese War was futile?
Because the US government had to pay too much for the war without taking back anything.
How did the US Government pay for World War 2?
Several ways. Confiscation of gold just before the war. The sale of War Bonds during the war. Inflation after the war. 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.
Why did civil war pensions cause a problem for the US treasury?
Not to be confused with the Vietnam War, because that was not a civil war (two separate nations fought that war). The US Civil War involved strictly Americans (Northerners vs Southerners); was Congress to pay both adversaries, both Northerners & Southerners? When the Southerners were actually committing treason by attacking their own US Government? Thus the official name of the American Civil War..."The War of the Rebellion" (Rebellion against the US Government). Thus, the US Congress had to either pay just the Northerners (Federal, Union, Yankee Armies, US Army, US Navy, etc.) or both...THEY WERE BOTH AMERICANS. This may have caused "a problem" for the US treasury department.
How did the us government finance the war?
income tax
How did the US government finance(Pay for)the war?
The U.S. government financed the war primarily through a combination of war bonds and increased taxation. War bonds were sold to the public to raise funds, allowing citizens to lend money to the government with the promise of repayment with interest. Additionally, the government raised taxes, including income taxes, to generate more revenue. These measures, along with borrowing from international sources, helped to cover the enormous costs associated with the war effort.
Is it true that the US Government would not pay funeral expenses for General Geogre Patton?
It is true that the US Government would not pay funeral expenses for General Geogre Patton
How did the US government pay back its war bonds?
The US government paid the war bonds by raising taxes multiple times.
How did the US devalue the dollar during the US Civil War?
The US Civil War was a costly operation for the US. It had to raise funds through many ways. Increasing taxes, and selling bonds for example. Another way to pay for its expenses was to begin printing money. During the course of the war it simply printed $150 million to pay its expenses. This devalued the dollar, but in wartime all avenues of raising money must be found. The easiest way was to pay expenses by simply creating money.
When did the US Government first tax liquors?
Just after the Revolutionary War to pay the War Debt.
What causes US government shutdowns?
Very simply, the US government needs to actually pay its monthly and yearly expenses from doing the actions the government performs. When the US government does not pay its bill on time, the government shuts down.The payment for all of the government's expenses cannot occur unless the US Congress approves the budgetary legislation. Prior to the mid-2000s, this was a mostly uneventful occurrence with the US Congress simply passing the budget and debating on the merits. Since that point in time, the Republican Party has attempted to use this requirement for the US to pay its expenses in order to cajole their opponents to accede to their demands about government bills by playing chicken with passing the budget. When the Democrats refuse to give into this demand before the before the date the bill comes due, the government has to shut down because of the lack of funds.
What new measure did the US government use to pay for the US Civil War?
The measure that the government used to pay for the US Civil War was by putting a progressive income tax into law. The income tax was to take out a certain amount of and individuals income yearly.
How many US dollars were simply printed by the US to help pay for the US Civil War?
The day to day expenses caused by the US Civil War had the Lincoln administration scrambling to pay for the cost of war as it went on for four years. To make ends meet, the US Treasury printed $150 million in what is usually termed as "fiat money".
How much debt was added to the US government by the end of the US Civil War?
Although the US government did its best to finance the US Civil War by its normal tax measures, they were not enough to cover all of its expenses. As a result of borrowing funds, the US raised the US Treasury's national debt by $2.5 billion.
How much money did the Federal government collect for its income tax during the US Civil War?
During the US Civil War, the Federal government made many efforts to raise funds to pay for the war. For the first time in US history the government passed a progressive income tax. During the war years they collected $55 million.
Why did people think the Vietnamese War was futile?
Because the US government had to pay too much for the war without taking back anything.
How did the US Government pay for World War 2?
Several ways. Confiscation of gold just before the war. The sale of War Bonds during the war. Inflation after the war. 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.
How did the government pay for the war?
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.
