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1 World War I War Debts - Encyclopedia.com
https://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/world-war-i-war-debts
WORLD WAR I WAR DEBTS. During and immediately after World War I, America's cobelligerents borrowed some $10.350 billion ($184.334 billion in 2002 dollars) from ...
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2 The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart
https://www.theatlantic.com/business/archive/2012/11/the-long-story-of-us-debt-from-1790-to-2011-in-1-little-chart/265185/
All in, the US owed about $11.7 million to foreigners, mostly to Dutch bankers and the French government, and about $42 million to domestic ...
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3 World War I reparations - Wikipedia
https://en.wikipedia.org/wiki/World_War_I_reparations
The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion [all values are ...
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4 Fox News' Andrew Napolitiano says U.S. is still paying interest ...
https://www.politifact.com/factchecks/2013/oct/23/andrew-napolitano/fox-news-andrew-napolitiano-says-us-still-paying-i/
"Woodrow Wilson borrowed $30 billion to fund World War I in 1917. That money has not been paid back. And we are still paying interest on it.
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5 America Attempts to Collect its War Debts 1922-1934.
https://dc.etsu.edu/cgi/viewcontent.cgi?article=2554&context=etd
Neither a Borrower nor a Lender Be: America Attempts to Collect its War Debts, 1922-1934 by. James E. Chambers. During and immediately after World War I the ...
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6 The Federal Reserve's Role During WWI
https://www.federalreservehistory.org/essays/feds-role-during-wwi
The Federal Reserve faced its first major test during World War I, helping to finance the war by facilitating war bond sales and by providing loans at ...
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7 U.S. Economy in World War I - EH.net
https://eh.net/encyclopedia/u-s-economy-in-world-war-i/
Heavy reliance on the Federal Reserve meant, of course, that the stock of money increased rapidly. As shown in Table 1, the stock of money rose from $20.7 ...
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8 How WWI-Era Federal Debt Transformed U.S. Culture ...
https://harvardpress.typepad.com/hup_publicity/2011/06/wwi-federal-debt-julia-ott.html
When the United States entered World War I, the federal debt more than tripled in size, relative to GDP. This unprecedented increase in ...
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9 War Debts and Reparations: CQR - CQ Press Library
https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1928111500
The indebtedness of foreign nations to the Government of the United States on November 15, 1928 - ten years after the close of the World War - totalled ...
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10 The Economic Effects of World War I: Debt Leads to Chaos
https://www.thecollector.com/economic-debt-inflation-world-war-1/
Fortunately for the U.S., the economy was already booming due to wartime purchases from Europe. Since 1914, America had been increasing its ...
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11 Did World War I Cause the Great Depression? - HISTORY
https://www.history.com/news/world-war-i-cause-great-depression
The Treaty of Versailles didn't just blame Germany for the war—it demanded financial restitution for the whole thing, to the tune of 132 billion ...
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12 The Dawes Plan, the Young Plan, German Reparations
https://history.state.gov/milestones/1921-1936/dawes
Although the amounts borrowed by our World War I allies totaled approximately $12.4 billion at the time, the amount outstanding has grown to $31.6 billion by ...
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13 War Finance | International Encyclopedia of the First World ...
https://encyclopedia.1914-1918-online.net/article/war_finance
As the only government that never had to fund itself through external debt, the United States was the backstop of this global credit pyramid. At ...
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14 The Economics of World War I | NBER
https://www.nber.org/digest/jan05/economics-world-war-i
The total cost of World War I to the United States (was) approximately $32 billion, or 52 percent of gross national product at the time. Did World War I produce ...
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15 The War Debt Settlements | VQR Online
https://www.vqronline.org/essay/war-debt-settlements
Great Britain advanced much more than she had borrowed. Of most other countries the reverse was true, and several had debts but no credits. The United States ...
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16 War Debt Issue - Introduction to U-S-History.com
http://www.u-s-history.com/pages/h1359.html
The desire of the United States to secure repayment for cash loans and goods extended to European Allies during and after World War I was a highly publicized ...
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17 In 2014, countries are still paying off debt from World War One
https://qz.com/290183/in-2014-countries-are-still-paying-off-debt-from-world-war-one
On Oct. 3, 2010, Germany finally paid off all its debt from World War One. The total? About 269 billion marks.
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18 Lessons in forgiveness, a century after World War One - Reuters
https://www.reuters.com/article/us-wallace-worldwarone-commmentary/commentary-lessons-in-forgiveness-a-century-after-world-war-one-idUKKCN1ND2H7
But America insisted on repayment of its loans in full. This meant that France could only honor its debts to Britain and the United States if it ...
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19 War-Related Debts and the Great Depression - jstor
https://www.jstor.org/stable/1817198
French War Debt, 1917-1929. BENJAMIN D. RHODES. A MERICA'S effort to collect war debts after World War I was undoubt- edly one of the least successful and ...
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20 The United States and the Allied Debts.
https://www.zaoerv.de/01_1929/1_1929_1_a_155_184.pdf
by the United States and no guaranty of the obligations of one ... 6) Combined Annual Reports of the World War Foreign Debt Commission, Fiscal.
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21 THE PRESIDENT OF THE UNITED STATES,
https://www.finance.senate.gov/download/report-of-the-world-war-foreign-debt-commission-s-doc-23
report of the World War Foreign Debt Commission, dated May 2, ... executed on May 1, 1923, with the approval of President Harding,.
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22 World War I: Treaties and Reparations - Holocaust Encyclopedia
https://encyclopedia.ushmm.org/content/en/article/world-war-i-treaties-and-reparations
After the devastation of World War I, the victorious western powers imposed ... US President Woodrow Wilson had written a list of proposed war aims which he ...
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23 CAUSES OF WORLD WAR I - IN.gov
https://www.in.gov/doe/files/guide.pdf
If the Allies would be defeated by the Central Powers, they probably wouldn't be able to repay their debt to their US lenders. Many businessmen therefore ...
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24 AP US History Chapter 29 Flashcards - Quizlet
https://quizlet.com/21889701/ap-us-history-chapter-29-flash-cards/
The war debt-tangle following WW1 greatly helped enhance American isolationist sentiment. The Americans considered it British and French obligation to pay ...
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25 UNCLE SAM'S MULTIBILLION-DOLLAR DEBTORS
https://www.washingtonpost.com/archive/local/1988/09/02/uncle-sams-multibillion-dollar-debtors/25e18040-1dea-4b23-b40a-c5cba28dbff7/
Foreign governments borrowed $12.4 billion from the United States during World War I. Accrued interest on those loans is $17.8 billion. Payments ...
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26 Germany's World War I Debt Was So Crushing It Took 92 ...
https://www.worldwar1centennial.org/index.php/communicate/press-media/wwi-centennial-news/6436-germany-s-world-war-i-debt-was-so-crushing-it-took-92-years-to-pay-off.html
At the end of World War I, Germans could hardly recognize their country. Up to 3 million Germans, including 15 percent of its men, had been killed. Germany had ...
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27 Public Debt and Rising Interest for Post-9/11 War Spending
https://watson.brown.edu/costsofwar/files/cow/imce/papers/2020/Peltier%202020%20-%20The%20Cost%20of%20Debt-financed%20War.pdf
meeting 30 percent of the cost of World War I and almost 50 percent ... is as the true cost of the debt the U.S. incurred each year due to ...
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28 Understanding the National Debt | U.S. Treasury Fiscal Data
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
The U.S. has carried debt since its inception. Debts incurred during the American Revolutionary War amounted to over $75 million by January 1, 1791.
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29 The Post War World - International Monetary Fund
https://www.imf.org/external/np/exr/center/mm/eng/mm_dr_01.htm
The devastated countries needed gold or U.S. dollars (the only currency considered to be "as good as gold") to pay for imports and make debt payments. However, ...
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30 Finance and War Production | Canada and the First World War
https://www.warmuseum.ca/firstworldwar/history/life-at-home-during-the-war/the-war-economy/finance-and-war-production/
A pre-war federal budget of $185 million had quadrupled by its wartime peak to more than $740 million. Debt quadrupled to $1.2 billion as well. Prior to the war ...
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31 German War Reparations | Reparations After WWI & WWII
https://study.com/learn/lesson/german-war-reparations-wwi-wwii.html
German War Reparations after World War I and World War II ... treaties that ended WWII, how much money, and when Germany paid off WWII debt.
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32 The International Gold Standard and U.S. Monetary Policy ...
https://fraser.stlouisfed.org/files/docs/meltzer/craint89.pdf
U.S. Monetary Policy from World War I ... 1. Major events in the history of the international ... of the debt intertwined: Neutrals lent to neutrals;.
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33 World War Foreign Debt Commission - Encyclopedia Britannica
https://www.britannica.com/topic/World-War-Foreign-Debt-Commission
Other articles where World War Foreign Debt Commission is discussed: 20th-century international relations: Allied politics and reparations: Congress created ...
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34 Doughboys | National WWI Museum and Memorial
https://www.theworldwar.org/learn/about-wwi/doughboys
The Great War marked the first time in history the United States sent ... were just some of the names used to label America's enlisted men in World War I.
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35 Postwar Economic Perspectives 1. Experience After World War I
https://www.ssa.gov/policy/docs/ssb/v8n12/v8n12p18.pdf
situation just before World War II and of the wartime economy. ... to what extent World War I was re- ... Debt in the United States, 1916-42," Sur-.
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36 War Bonds - Investopedia
https://www.investopedia.com/terms/w/warbonds.asp
A war bond is is a form of government debt that seeks to raise capital to fund ... 7, 1941, the U.S. entered the Second World War, and Defense Bonds were ...
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37 How the US actually financed the second world war
https://www.ft.com/content/e4eec640-321e-3cfe-9b82-46bacfa4d6bc
Within a decade after the war, two runs of inflation — the first of which reached 20 per cent — got the US debt to GDP ratio down to 50 per ...
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38 The 1953 London Debt Agreement
http://www.econ.yale.edu/growth_pdf/cdp880.pdf
required to pay after World War I, but to understand both the debt the ... In 1933, the U.S. devalued the dollar from 1/20th to 1/35th of an ounce of gold.
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39 The Cost of U.S. Wars Then and Now
https://online.norwich.edu/academic-programs/resources/cost-us-wars-then-and-now
Gathering financial facts regarding America's brief involvement in World War I, historians can see that $334 billion was spent fighting the ...
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40 US debt hasn't been this high since World War II. That's ok...for ...
https://www.cnn.com/2020/10/16/economy/deficit-debt-treasury-2020
With millions of Americans still out of work and struggling to get by as a result, the country's burgeoning debt is understandably no one's top ...
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41 Inter-Allied Debts, Reparations, and National Policy
https://www.journals.uchicago.edu/doi/pdf/10.1086/254080
advanced at one time that the American people would gladly con- ... (World War Debt Commission, A nnual Report [ I 92 2 ], p. IO).
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42 Latin American debt today and German reparations after world ...
https://link.springer.com/article/10.1007/BF02707775
Latin American debt today and German reparations after world war I — A comparison. Steven B. Webb ... Weltwirtschaftliches Archiv, Vol. 122, 1986, pp. 1–47.
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43 Three World Wars: Fiscal-Monetary Consequences
https://www.atlantafed.org/blogs/-/media/60E89062AFD0466DB75DA9AD97ACC7CD.ashx
responses to World Wars I and II and the War on COVID-19. ... Figure 4: Par Value of US Treasury Debt by Ownership as a Percent of GDP: 1900 ...
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44 Making War Loans to the Allies | Foreign Affairs
https://www.foreignaffairs.com/articles/united-states/1925-04-01/making-war-loans-allies
THE debts of other governments to the United States have been the subject of much discussion since the end of the World War. The effect which their payment ...
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45 UK finally finishes paying for World War I - CNBC
https://www.cnbc.com/2015/03/09/uk-finally-finishes-paying-for-world-war-i.html
On Monday the U.K. Treasury redeemed the outstanding £1.9 billion ($2.8 billion) of debt from the “War Loan”, which was originally taken out in ...
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46 U.S. Foreign Policy between the Wars - Bill of Rights Institute
https://billofrightsinstitute.org/essays/us-foreign-policy-between-the-wars
Also, if the U.S. government had agreed to forgive the war debts of the ... 1. During the 1920s the United States participated in world affairs in all the ...
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47 The National Debt Dilemma | Council on Foreign Relations
https://www.cfr.org/backgrounder/national-debt-dilemma
The period since World War II, during which the United States emerged as a global superpower, is a good starting point from which to examine ...
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48 Government to pay off WW1 debt - BBC News
https://www.bbc.com/news/business-30306579
Government to pay off WW1 debt · Chancellor George Osborne is to pay off the UK government's remaining debt from World War One, the Treasury has ...
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49 U.S. Debt Is Set to Exceed Size of the Economy Next Year, a ...
https://www.wsj.com/articles/u-s-debt-is-set-to-exceed-size-of-the-economy-for-year-a-first-since-world-war-ii-11599051137
U.S. Debt Poised to Reach Milestone Not Seen Since World War II ... of U.S. economic output, in the fiscal year that begins on Oct. 1.
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50 Loans and Debt Resolution - Settling the war debts
https://www.americanforeignrelations.com/E-N/Loans-and-Debt-Resolution-Settling-the-war-debts.html
The $10 billion advanced by the United States to friendly governments during and immediately after the war had unquestionably been regarded as loans by both ...
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51 U.S. National Debt Clock : Real Time
https://www.usdebtclock.org/
US National Debt Clock : Real Time U.S. National Debt Clock.
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52 The British economy in the aftermath of World War I | CEPR
https://cepr.org/voxeu/columns/walking-wounded-british-economy-aftermath-world-war-i
It is well-known that World War I was expensive for Britain. ... the legacy of a greatly increased national debt – significantly reduced the ...
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53 War Debts and Reparations
http://kolibri.teacherinabox.org.au/modules/en-boundless/www.boundless.com/u-s-history/textbooks/boundless-u-s-history-textbook/from-isolation-to-world-war-ii-1930-1945-26/non-interventionism-200/war-debts-and-reparations-1099-9740/index.html
The 1919 Treaty of Versailles and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion) in reparations to cover ...
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54 Exhibitions & Learning online | First World War | Aftermath
https://www.nationalarchives.gov.uk/pathways/firstworldwar/aftermath/counting_cost.htm
Debts accrued by all of the major combatants, with the notable exception of the USA, stalked the post-war economic world. Unemployment was rife.
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55 Keynes and the First World War - Document - Gale
https://go.gale.com/ps/i.do?id=GALE%7CA498946325&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=19476949&p=AONE&sw=w
As Table 1 shows, the United States and Britain were net creditors. Keynes suggested that Britain cancel its European allies' debt, but only if the United ...
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56 World War I, Recovery, and Collapse
https://pages.ucsd.edu/~jlbroz/Courses/Lund/handouts/Lecture9_WWI_Recovery_Collapse.pdf
1. World War I, Recovery, and Collapse. Lecture Outline. •. O rigins of World War I (WWI) ... ll belligerents (except the U.S.) in deep debt (Figure 5).
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57 “Till debt do us part”: financial implications of the divorce of the ...
https://academic.oup.com/ereh/article/24/4/818/5827947
government debt stood at 8 percent of G.N.P. However, in the aftermath of World War I, the I.F.S. joined a long list of European states which ...
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58 Erkki Liikanen: The country that paid its debt, became an early ...
https://www.bis.org/review/r140514h.htm
Almost every European country was in debt to the United States for loans used to finance World War I and subsequent reconstruction.
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59 The United States Enters the War - Digital History
https://www.digitalhistory.uh.edu/disp_textbook.cfm?smtID=2&psid=3476
In October 1915, President Wilson permitted loans to belligerents, a decision that greatly favored Britain and France. By 1917, American loans to the Allies had ...
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60 How the Fed Helped Pay for World War I | Mises Institute
https://mises.org/library/how-fed-helped-pay-world-war-i
... used inflation to help pay for US participation in World War I. It did so by creating and issuing dollars in return for government debt.
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61 Britain owes US billions in World War debts - The Irish Times
https://www.irishtimes.com/news/britain-owes-us-billions-in-world-war-debts-1.1296493
The United Kingdom owes the United States over $4.5 billion in repayments stretching back to the First and Second World Wars.
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62 War reparations and Weimar Germany - Alpha History
https://alphahistory.com/weimarrepublic/reparations/
Post-war debt struggles · 1. After its defeat in World War I, Germany was required to pay war reparations, a measure determined at the Paris ...
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63 War Bonds - Simple Definition, History and Examples
https://corporatefinanceinstitute.com/resources/fixed-income/war-bonds/
During WW1, the United States government issued Liberty Bonds, which were used to aid in the expensive costs of war.
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64 Woodrow Wilson, World War I, and Freedom of the Seas
https://www.history.navy.mil/content/history/nhhc/browse-by-topic/wars-conflicts-and-operations/world-war-i/history/ww1-freedom-of-seas.html
At the outbreak of war, the U.S. State Department formally requested that the warring nations abide by the 1909 Declaration of London, which had ...
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65 War Debt: What It Costs for American to Go to War
https://www.debt.org/blog/war-debt-america/
During World War II (1939 to 1945), the U.S. lent Britain and other countries money to help pay for military costs, and spent a great deal for their own ...
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66 The First World War paid off? | The Western Front Association
https://www.westernfrontassociation.com/world-war-i-articles/the-first-world-war-paid-off/
These war-time issued bonds were just one part of the UK Government's ... Although the issuing of Government debt was a well established procedure for the ...
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67 Three world wars: Fiscal–monetary consequences - PNAS
https://www.pnas.org/doi/10.1073/pnas.2200349119
The US War on COVID-19 shares these features with those two world wars: ... World Wars I and II were financed primarily by issuing interest-bearing debt, ...
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68 Effects of World War 1: What Exactly Were They? - History
https://www.historyonthenet.com/effects-of-world-war-1
The war changed the economical balance of the world, leaving European countries deep in debt and making the U.S. the leading industrial power and creditor ...
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69 Covid-19 and the UK national debt in historical context
https://www.historyandpolicy.org/policy-papers/papers/covid-19-and-the-uk-national-debt-in-historical-context
Even after Pearl Harbor, the Americans sought to avoid the debt entanglements that had caused such difficulties after WW1, providing Britain an ...
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70 4. FEDERAL BORROWING AND DEBT - The White House
https://www.whitehouse.gov/wp-content/uploads/2022/03/ap_4_borrowing_fy2023.pdf
this debt.1 At the same time, the Government also held fi- nancial assets, net of financial ... public from World War II to the present and estimates.
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71 Britain's first world war debts are to be repaid - The Guardian
https://www.theguardian.com/business/2014/dec/03/britains-first-world-war-debts-repaid-what-does-it-mean
The Treasury will repay the nation's entire first world war debt of £1.9bn from next March, nearly 100 years after it was first issued. This ...
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72 World War I casualties - Centre européen Robert Schuman
http://www.centre-robert-schuman.org/userfiles/files/REPERES%20%E2%80%93%20module%201-1-1%20-%20explanatory%20notes%20%E2%80%93%20World%20War%20I%20casualties%20%E2%80%93%20EN.pdf
The total number of military and civilian casualties in World War I, was around 40 million. ... The U.S. War Department in 1924 estimated 13,716 killed and.
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73 First World War and the Economy
https://www.heritage.nf.ca/first-world-war/articles/first-world-war-economy.php
Its contributions to the war effort amounted to roughly $35 million dollars and increased the public debt from $30.5 million before the war to $42 million by ...
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74 Women in World War I - National Park Service
https://www.nps.gov/articles/women-in-world-war-i.htm
Woman in military service uniform. Grace Banker was one of the so-called "hello girls," telephone operators for the US Army Signal Corps. Often ...
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75 Why the 1953 cancellation of German debt won't be ... - CADTM
https://www.cadtm.org/Why-the-1953-cancellation-of-German-debt-cannot-be-reproduced-for-Greece-and
[4] 1 USD dollar was worth 4.2 DM at the time. West Germany's debt after reduction (i.e. DM 14.5 bn) was thus equal to USD 3.45 billion. [5] ...
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76 US National Debt Tops $30 Trillion for First Time in History
https://www.voanews.com/a/us-national-debt-tops-30-trillion-for-first-time-in-history-/6424498.html
The Treasury Department this week reported that the total national debt of the United States surpassed $30 trillion for the first time in ...
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77 Major Themes | Articles and Essays | World War I Sheet Music
https://www.loc.gov/collections/world-war-i-sheet-music/articles-and-essays/americas-war-as-viewed-by-publishers-and-the-public/major-themes/
Although the United States' ultimate reason for entering the war was Germany's ... The invocation of his name and the debt every American citizen owed his ...
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78 The debt write-off behind Germany's 'economic miracle'
https://www.france24.com/en/20150129-london-agreement-1953-debt-write-germany-economic-miracle-greece-austerity
“It is only thanks to the United States, which sacrificed vast amounts of money after both World War I and World War II, that Germany is ...
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79 Post-World War II debt reduction
https://obr.uk/box/post-world-war-ii-debt-reduction/
Shortly after the end of the Second World War, UK government debt peaked at around 270 per cent of GDP. Over the subsequent three decades, the debt ratio ...
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80 Great Britain Still Has Significant Debt From World War I
https://www.smithsonianmag.com/smart-news/great-britain-still-has-significant-debt-world-war-i-180953233/
Great Britain still carries debt from World War I—to the tune of about two billion pounds ($3.2 billion). But the U.K. has pledged to pay ...
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81 Lessons form the U.S. Fiscal Deleveraging After World War II ...
https://www.citivelocity.com/citigps/back-future-lessons-u-s-fiscal-deleveraging-world-war-ii/
In the years after World War II, the United States achieved a dramatic reduction in the level of the federal government's debt. The costs of financing the ...
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82 War and debt: three centuries of borrowing in Britain
https://www.taxpayersalliance.com/war_and_debt
At the start of the second world war, the UK was unable to take out much needed US dollar loans due to a 1934 default on first world war ...
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83 Liberty Bond Definition - WallStreetMojo
https://www.wallstreetmojo.com/liberty-bond/
On April 28, 1917, soon after the US entered World War 1, the Secretary of the Treasury and head of the Federal Reserve, William G. McAdoo, announced the ...
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84 The Truth about War Debts - International Churchill Society
https://winstonchurchill.org/publications/finest-hour/finest-hour-153/the-truth-about-war-debts/
All the more, because these others have defaulted us as well as you, must we come down on the one faithful debtor. Your good faith will cost you dearly; but we ...
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85 Welcome to the World War I Primary Source Guide
https://libguides.fau.edu/primary-sources-ww1
World War I or the First World War, often abbreviated as WWI or WW1, ... that the Allies would be able to repay the huge debts owed to the United States.
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86 Decades of debt: UK's finance chief told to make gradual pay ...
https://www.aljazeera.com/economy/2020/6/10/decades-of-debt-uks-finance-chief-told-to-make-gradual-pay-offs
The U.K. only paid off the last of its World War II debts to the U.S. at the end of 2006. In 2014, then Chancellor of the Exchequer George ...
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87 German reparations following World War I compared to ...
https://philip.greenspun.com/blog/2011/06/18/german-reparations-following-world-war-i-compared-to-todays-sovereign-debt/
Germany did not end up paying war reparations. They borrowed money to do so from United States creditors, and then defaulted on the debt. Also, ...
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88 European Inflation Dynamics after World War I
https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2018-06.pdf
the end of World War I. In particular, we analyze how pronounced economic ... debts to the U.S. (its largest creditor) if they were fully securitized by ...
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89 Brief history of US debt limits before 1939 - PMC - NCBI
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5866584/
Article 1, Section 8 of the US Constitution assigns Congress authority to ... To construct a limit on total federal debt before World War I, ...
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90 ECONOMIC CONSEQUENCES of WAR on the U.S. ECONOMY
https://www.economicsandpeace.org/wp-content/uploads/2015/06/The-Economic-Consequences-of-War-on-US-Economy_0.pdf
In 1941, 1% of the U.S. population controlled 15% of the wealth, ... World War II was financed through debt and higher taxes, by the end of the war, U.S. ...
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91 World War I Economic Aftermath and Legacy
https://faculty.wcas.northwestern.edu/rcoen/documents/WWI_1203_web.pdf
US. UK. France. Total Gross. Total Net. Debtors. Debt. Debt ... Source; G. Hardach, The First World War 1914-1918, 1977, p.148.
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92 Federal Debt: A Primer | Congressional Budget Office
https://www.cbo.gov/publication/56309
Such high and rising debt could significantly affect the U.S. economy and ... during World War II, and by 1946, debt held by the public had ...
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