In which year did the United States have the highest debt-to-GDP ratio?
A) 1929
B) 1935
C) 1946
D) 1995

Question

Quizplus · Accepted Answer

After World War II, the United States had a high level of debt as it had financed the war effort through borrowing. In 1946, the US debt-to-GDP ratio reached its highest level, at over 120%. This was due to the increase in government spending during the war and a reduction in economic output. The debt-to-GDP ratio has been higher in recent years, but 1946 remains the highest on record at the time.

In Which Year Did the United States Have the Highest