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The US has always borrowed money; even the Revolutionary War was partially financed by loans. The national debt of the US has risen and fallen at different periods of its history. President Ronald Reagan borrowed much more money than his predecessors, and that trend has continued with only a few interruptions (Bill Clinton is the only recent President who reduced the national debt rather than increasing it). President Obama is borrowing more than anyone ever has before, but he is trying to cope with proboems that he inherited from the previous administration, so I do not blame him personally.
What else can I help you with?
Why was the US able to become industrial nation?
The wants of Alexander Hamilton
Differences between Vietnam and the US?
The US is an industrialized based nation, whereas Vietnam is an agricultural nation.
Why did the South want to succeed from the Union?
The slave holding states in the Southern US wanted to become an independent nation. By doing this, Southerners believed that they could protect their way of life which included being a nation where slavery was an "accepted" institution.
When in us history were we a confederate system?
We were never a Confederate system, but during the Civil War, the nation was divided when the southern states seceded to become the Confederate States of America.
What did America become on September 3 1783?
an independent nation
Can a co-borrower transition to become the primary borrower on a loan?
Yes, a co-borrower can typically transition to become the primary borrower on a loan by refinancing the loan in their name.
What year did US become a nation?
1776
How did the US become the fast food nation?
McDonalds!!!!!!
Can a cosigner become the primary borrower on a loan?
No, a cosigner cannot become the primary borrower on a loan. The cosigner's role is to provide a guarantee for the loan in case the primary borrower fails to make payments.
When did Puerto Rico become soveregin nation?
never <><><> It is a Commonwealth of the US- not a separate nation, it's "part and NOT part" of the US. They can also be called an island/commonwealth nation, but not a soviergn/independent nation.
Why was the US able to become industrial nation?
The wants of Alexander Hamilton
When did citizens of the Cherokee Nation also become citizens of the US?
The Cherokee nation became citizen's of The USA in 1901
When did the US become one nation?
1789 with the passage of the constitution and the selection of Washington.
How did the southern states become part of the US?
The rest of the nation felt sorry for them.
How the US became an independent nation?
The United States become an independent nation after the colonists fought religious freedom against the british.
What is the name of the nation's first college that was established in Cambridge Massachussetts?
Harvard was the first college in the US. It was built in Cambridge, Massachusetts in 1636, before the US had become an independent nation.
Why did Alaska become a part of the US?
It became a US State in 1959 because it wanted representation as an equal part of the Nation.
