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The National Debt
Beginning of paper
For the past centuries, the american people dug themselves into a big
hole which is . In this paper I will discuss the history of
, effects on the debt/deficit, wais to reduce it and control
the deficit. 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 .... Middle of paper
.... The U.S. Government came up
with the gold standard and stopped minting silver coins. The coins were then
made from scrap pieces of metal and the cash became paper. Richard Nixon and
Gerald Ford passed the debt and added to it. The first sign of bankruptcy
occured during the Jimmy Carter Presidency. Inflation skyrocketed and interest
rates fluttered near 20%. President Ronald Reagan made the economy act better,
temporarily. To make the ec ....
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Number of words: 484
Number of pages: 2 (approx. 250 words per double-spaced page)
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