Today, the national debt that Hamilton began with a bank loan of $19,608.81 is the largest single entry on any set of books in the world. The federal government pays $19,608.81 in interest on its current debt every 2.4 seconds.
What would Hamilton think of his creation today? He would surely be impressed with its sheer size, although he would note that relative to the American GDP, about $14 trillion, it is "not excessive." But he would, I suspect, not be happy with what borrowed money is being used for. Hamilton saw the debt as a powerful means of fighting wars, building infrastructure, and getting through economic bad times. For the last 30 years and more, however, the national debt has been increasingly used so that no one in Washington ever has to say no to anyone.
<span>b)he was a monk who believed the use of icons was a form of idolatry
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A department that is traditionally focused on domestic issues could become involved in foreign policy-making because of two main reasons:
- It can regulate a good or service given internationally. For example, it can be clothes or technological devices.
- Foreign policy-making (or foreign relations), also regulates behavior that could have an international consequence. For example, it could be a business that contaminates the environment.
Answer:
The Battle of Plassey (1757) was a defining moment in Indian history. The Battle of Plassey was fought between the British East India Company and the Nawab of Bengal and his close supporters, most of whom were French forces.
