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Essay / Research Paper Abstract
An 8 page contention that the more things change the more they stay the same in regard to American economics. Bibliography lists 8 sources.
Page Count:
8 pages (~225 words per page)
File: AM2_PPeconInterdependence.rtf
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Unformatted sample text from the term paper:
things change the more they stay the same. While we prefer to think of our respective nations as independent entities in all regards, the truth is that the economy
of most nations is directly tied to that of others. The US is no exception in this regard. To illustrate the fact that the more things change the
more they stay the same we have only to compare the economic situation that characterized the early history of our country with that that is in play today.
Although the government has implemented slick accounting procedures to hide much of it from the public eye, Cheney (2009) estimates a current national debt of
$56 trillion! This amount has progressively grown over the history of our country. Indeed, even in the very beginning of our countrys history we were saddled with a
national debt or, more specifically, by a deep economic indebtedness to other countries in the world. Obviously, then as much as things change, many things stay the same.
The history of international debt in the US is indeed both long and complex. The Revolutionary War itself, in fact, came
with significant expense. The fledgling nation was immediately saddled with tremendous debt. Much of that debt was owed to France. Just as we are quick to do
today in regard to our debt, some of our founding fathers were suspicious that Frances aid during the Revolution had resulted from anything but friendship and an identification and empathy
with our revolutionary goals. Alexander Hamilton, in particular, was suspicious of Frances motives in lending economic aid during this early part of our history. Specifically, Hamilton thought that
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