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An example of deficit spending during World War II was military spending that surpassed the amount of taxes that the government was collecting. The government took great efforts in convincing the American people that rationing was an equitable act.
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BlakeThis country has never been debt free, since Andrew Jackson, so therefore all spending during WW2 was done while having a deficit.
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Did roosevelt use deficit spending during world war 2?
Roosevelt did use the deficit spending in World War 2. This was to help with the spending.
Financing the war with borrowed money was a example of?
Deficit Spending
How did government spending during the Civil War compare to that during previous years?
During the Civil War government spending tripled compared to previous years. The United States government was forced to take a loan from France.
War bonds during world war 1?
This isn't a question. War bonds were used in WWI like any war to finance spending.
How did concept of deficit spending help the war effort?
The war debt allowed the nation to continue to fight until the war was won. The war bonds benefited the people who purchase the bonds and earned their interest. It also allowed the government time to pay the debt back.
