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Angelina_Jolie [31]
3 years ago
12

How did the United States government raise money to pay for WW1?

History
1 answer:
user100 [1]3 years ago
8 0

Rockoff estimates the total cost of World War I to the United States at approximately $32 billion, or 52 percent of gross national product at the time. He breaks down the financing of the U.S. war effort as follows: 22 percent in taxes, 58 percent through borrowings from the public, and 20 percent in money creation.


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While foreign policy refers to the ways a government of a nation or country relates and runs its affairs in world politics. Foreign policy involves policies between two or more nations dealing with issues externally.  Such issues include  helping defenseless people or nations in times of war and natural disasters. Foreign affairs or policies also help in settling disputes among or between nations.

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