The National Debt For the past centuries, the american people dug themselves into a big hole which is the National Debt. In this paper I will discuss the history of the national debt, effects on the debt/deficit, wais to reduce it and control the deficit. the national debt has increased every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up about three trillion dollars. Right after the Civil War the debt held at three billion 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 Wall Street fell 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.....

Number Of Pages: 2

Number Of Words: 508

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