How was americas economy during ww1?
Unlike WWII, there was no post-war boom during WWI. America was very in debt after the war partly because of how much it gave etc
Answered -
About Debt
Debt is an obligation to pay someone back, either in money or other goods. Before the recession of 2008 and the financial meltdown, many people and corporations took on so much debt that their houses were foreclosed and their companies failed or had to be sustained by the government until they got back on their feet. (An example is General Motors.)
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