On Good Friday 1865, actor-turned assassin John Wilkes Booth not only ended a great American life in progress, but made his victim -- Abraham Lincoln -- seem exponentially greater in death. Ever since the 16th president died, nine hours after Booth fired his fatal shot, American presidents have been judged against the myth that replaced the man. The savior of the union, great emancipator and martyr of liberty has proven an all but impossible act to follow.

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3 years ago

Question help the united states was sometimes called the "world's largest debtor" because

FromTheMoon [43]

Foreign investors owned a greater amount US stocks, bonds, and factories than investors in the US owned of assets in foreign markets.

In 1985, the New York Times reported, "U.S. Turns into Debtor Nation," because a Commerce Department report showed the US "owing foreigners more then they owe it." By that they meant that "foreign ownership of American factories, real estate, stocks and bonds exceeded American ownership of foreign assets."
However, there's another way to look at this picture than the "debtor nation" label. The Heritage Foundation (a conservative group) noted in 1985 that having foreign investors pursuing assets in the United States indicated strong confidence by those investors in the American economy. You invest in a country's assets because you think those assets will grow in value. So, becoming a "debtor nation" can be viewed as a sign of economic health in the eyes of the rest of the world.

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2 years ago