The Debt

the debt In the early days of our authorities debt was considered to be a last resort. The only justification for debt of any significant measurement rod was a war. By 1849 the U.S. Government had accumulated a pleonastic of 70 Million Dollars. Immediately after the gracious war the debt stood at 3 cardinal Dollars. By 1900 this had been cut to down the stairs $1 Billion. By 1919, the end of mankind warfare I, the debt had climbed to $25.5 Billion. In each of the following years the debt was reduced, and by 1930 stood at $18.1 Billion. With the clangour of Wall Street in 1929, the earth fell into the great Depression, which lasted until 1940.

At that time the debt had climbed to $51 Billion. By the end of World War II the debt was $269 Billion. Again the government worked to reduce the debt, and by 1949 it was $252.7 Billion. At that fleck the Korean War started, sending the debt to $274 Billion by 1955. Since then, there has been no undecomposed effort to net profit down the debt. The main point to be made was tha...If you motivation to get a spacious essay, order it on our website: OrderCustomPaper.com

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