Why did the federal deficit grow dramatically in the late 1960s?
A) Presidents Johnson and Nixon had introduced tax cuts for American workers.
B) Rising interest rates on the national debt became increasingly burdensome.
C) The government had spent huge sums on the Great Society programs and the Vietnam War.
D) The drop in foreign imports caused a loss in tariff revenues.

Question

Quizplus · Accepted Answer

The government had spent huge sums on the Great Society programs and the Vietnam War during the late 1960s, leading to a significant increase in the federal deficit.

Why Did the Federal Deficit Grow Dramatically in the Late