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>The first settlements in the Nile Valley began around
7,000 years ago. Hunters and gatherers moved to the Nile Valley from
less fertile areas in Africa and southwest Asia. As in other parts of
the world, these settlements gradually developed into more and more
complex societies. Most Egyptians lived near the Nile as it provided water, food, transportation and excellent, fertile soil
for growing food. Ancient Egypt could not have existed without the
river Nile. Since rainfall is almost non-existent in Egypt, the floods
provided the only source of moisture to sustain crops.
I hope this helps.
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The US government loaned money to failing business to allow them to keep workers and not lay them off. They also created jobs that helped the US rebound from the depression.
They also allowed women to work in the factories, for all the men were getting ready to go to war
hope this helps
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