The National Debt in the US

        For the past centuries, the american people dug themselves into a openhanded hole which is the National Debt. In this paper I submit discuss the history of the national debt, effects on the debt/deficit, wais to confiscate it and control the deficit. the national debt has app give noticed every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up about third trillion dollars. meet after the Civil War the debt held at three one(a) thousand one thousand thousand dollars. In 1900, this debt of three million dollars had decreased to one million dollars. In 1919, at the end of the World War 1, the debt skyrocketed to 25.5 billion. When the groyne Street ex recreateing apart in 1929, the United States fell into something that was called the Great Depression. It started in 1930 and lasted until 1940. During this depression, President Franklin Roosevelt came in. He brought in projects know as Entitlements. almost of them were known as; WPA. TVA. and CCC. Then genial wellbeing was born(p) and social security began. This is what put our country into debt. Then came war, the end of the depression, and the Eisenhower times.         The debt kept on growing so new chair Lyndon Johnson developed new social welfare programs- Medicare, and Medicaid. The U.S.

Government came up with the gold standard and stopped minting plate coins. The coins were then do from scrap pieces of metal and the cash became paper. Richard Nixon and Gerald carrefour passed the debt and added to it. The first abridge of bankruptcy occured during the Jimmy Carter Presidency. Inf lation skyrocketed and bear on range flutt! ered near 20%. President Ronald Reagan made the delivery act better, temporarily. To make the economy better, Reagan invented something called a creed spree. A credit spree... If you want to get a full essay, assign it on our website: OrderEssay.net

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