The US National Debt balloons to over $35 Trillion dollars exceeding 100% of GDP and peaking at the highest levels since World War II following Great Recession and COVID bailouts, and period of high deficit level spending.
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Ongoing event with evolving economic impact, highlighting challenges of balancing public health needs with fiscal sustainability.
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Marked the transition to a floating exchange rate system, sparking debates on global monetary order and potential instability.
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Defined the post-war international monetary system, fostering global economic growth but creating rigidities over time.
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Enabled fiscal interventions during the Great Depression but raised concerns about monetary responsibility.
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Tax Project Institute is a fiscally sponsored project of MarinLink, a California non-profit corporation exempt from federal tax under section 501(c)(3) of the Internal Revenue Service #20-0879422.
