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.
Answer: The United States had taken possession of the Philippines (as well as Guam and Puerto Rico) in 1898, after winning the Spanish-American War. Thus US interest in Asia was heightened.
At the same time, other nations had begun competing for "spheres of influence" in trade access with China.
Further detail:
The Open Door policy was issued by the United States in 1899-1900 as a series of dispatches from the US Secretary of State to other nations that had trading interests in China -- Great Britain, Germany, France, Italy, Japan, and Russia. The policy reasserted earlier agreements that all countries should have equal access to ports in China, without undue preference to "spheres of influence" for one nation or another. The United States was seeking to maintain an equal footing with other nations in the access to trade in China.
Answer:
Native Americans learnt to survive by relying on the natural resources available to them for food, clothing, and shelter. Early Americans, for example, survived in the icy areas of the far north by hunting caribou in the summer and marine animals in the winter.
Explanation:
Answer:
Claudius: Poisoned by his wife Agrippina in 54.
Galba: Murdered in plot orchestrated by Otho in 69.
Vitellius: Murdered in 69
Explanation:
