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Deficit Spending, Inflation, and GDP Growth During Wartime in the US
We discuss how the US shifted from deficit spending to tax-based financing to reduce its debt-to-GDP ratio, and how inflation was due to past deficit spending. The Vietnam War was cheaper than World War II and the Korean War, with...
The US Shift from Deficit Spending to Tax-Based Financing and its Impact on the Economy
We discuss how the United States changed its approach to financing after the war, moving away from deficit spending and towards greater readiness in tax-based financing. This shift had a significant impact on the economy, as inflation rates increased due...
US Shifts from Deficit Spending to Tax-Based Financing Post-War
We discuss how the United States changed its approach to financing after the war, moving away from deficit spending which had led to a significant increase in the GDP ratio during the war. Instead, the US shifted towards greater reliance...
The Impact of War on Income Inequality and the US Economy
We discuss how the top 10% of earners in the US received a significant portion of income, up to 45%, during the 1920-1940 period. However, this share decreased to 32% with the onset of war, before returning to 45% in...
The Lasting Impact of World War II on American Wealth Distribution and Economic Policies
We discuss how the fix of World War II unemployment rates was a significant and defining moment in American history. One of the most significant outcomes of World War II was the opportunity for more equitable distribution of wealth, a...
World War II's Impact on Unemployment Rates in America
We talk about how one of the best outcomes of World War II was the significant decrease in unemployment rates. In 1940, the unemployment rate was at 15%, but by 1945 it had dropped to a mere 1.9%, which is...