What events occurred between 1850 and 1900 and 1900 and 1950 that influenced the size of the national debt?.
1 answer
Between 1850 and 1900, the US national debt was largely influenced by the Civil War, which increased the debt from $65 million to $2.7 billion. Between 1900 and 1950, the US national debt was influenced by World War I, which increased the debt from $1.2 billion to $25.5 billion, and World War II, which increased the debt from $43 billion to $269 billion. Additionally, the Great Depression of the 1930s caused the debt to increase from $16.2 billion to $43 billion.