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President Richard Nixon did not explicitly borrow money from a foreign country in a notable way during his presidency, which lasted from 1969 to 1974. However, the U.S. began to move away from the gold standard in 1971, leading to a reliance on foreign investment and borrowing to finance deficits. This shift marked a significant change in the U.S. economy's relationship with foreign nations, especially in the context of international trade and finance.
What else can I help you with?
Can state governments borrow money?
yes state can borrow money from union and even outside the country
What country does the US mostly borrow money from?
The people within it's country
Was the country bankrupt after Civil war?
Yes the cost of the war caused the country to borrow money .
What is foreign dependency?
Foreign dependency is when a country relies on another country, for example for money, jobs, food etc.
How can foreign investments benefit a country?
send money
Does congress have the power to borrow money?
Yes, Congress has the power to borrow money on behalf of the United States government. This authority is outlined in the U.S. Constitution, which grants Congress the ability to borrow money to pay the debts and provide for the common defense and general welfare of the country.
Which factor contributed to the spread of the great drepressions overseas?
The closure of American banks meant foreign countries could not borrow money.
Why was there initial opposition to grameen in this mostly-Muslim country?
they don't like to borrow money from strangers
What is 'window dressing' in accounting and finance?
It is making a situation appear better than it actually is. For example, in the case of a US firm with a foreign subsidiary...the firm may want to borrow money in the foreign country because the rates are lower there. So the firm makes the subsidiary profits appear better than they actually are so it is easier to get a loan in that country.
What is meant by Foreign Remittance?
Money coming into a country, via its diaspora, or family maintenance. In other words, money coming into the country, as foreign exchange, which is then convered (usually) to the country's local currency. This money is sent in by the expat community living abroad.
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
Can I borrow money from a lawyer?
Well, you can borrow money from anyone if they agree to loan it to you.
