Until about 1983, almost all of the U.S.national debt stemmed from
A)financing wars.
B)bank failures.
C)development assistance programs.
D)tax cuts.

Question

Quizplus · Accepted Answer

Prior to 1983, the U.S. national debt was largely a result of financing wars such as World War I, World War II, the Korean War, and the Vietnam War. These wars required significant government spending for military operations, which contributed to the accumulation of debt.

Until About 1983, Almost All of the U