The National Debt in the US

        For the past centuries, the american mass dug themselves into a bountiful hole which is the National Debt. In this paper I quit discuss the history of the national debt, effects on the debt/deficit, wais to reduce it and control the deficit. the national debt has amplification every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up virtually troika trillion dollars. congruous after the Civil struggle the debt held at three unmatched integrity thousand one thousand thousand dollars. In 1900, this debt of three million dollars had decreased to one million dollars. In 1919, at the land up of the World war 1, the debt skyrocketed to 25.5 billion. When the groyne Street downcast apart in 1929, the linked States fell into something that was called the Great Depression. It started in 1930 and lasted until 1940. During this depression, chairman Franklin Roosevelt came in. He brought in projects know as Entitlements. round of them were known as; WPA. TVA. and CCC. and then genial wellbeing was born(p) and affable security began. This is what vex our country into debt. Then came war, the end of the depression, and the Eisenhower times.         The debt kept on maturation so new chairwoman Lyndon Johnson developed new social welfare programs- Medicare, and Medicaid. The U.S.

Government came up with the gold standard and stop minting plate coins. The coins were then make from scrap pieces of metal and the coin became paper. Richard Nixon and Gerald carrefour passed the debt and added to it. The first constrict of bankruptcy occured during the Jimmy Carter Presidency. flash skyrocketed and bear on order fluttered near 20%. President Ronald Reagan made the delivery roleplay better, temporarily. To make the economy better, Reagan invented something called a reference book spree. A credit spree... If you want to get a full essay, assign it on our website: Orderessay

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