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National Debt Reaches Record High
A historical overview traces the U S debt from 1836 to 1936, noting spikes from wars and the World War I era, then detailing 1930s deficits under Roosevelt. It discusses deficits, budget balancing, and the influence of low interest rates on carrying costs and potential future debt levels.
MENTIONED IN THIS ARTICLE
United States
Roosevelt
Congress
Supreme Court
AAA
Morgenthau
Mr. Hoover
RFC
HOLC
War Finance Corporation