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The technical default period ended 13 November 2017 and Venezuela did not pay coupons on its dollar eurobonds, causing a cross-default on other dollar bonds. A committee consisting of the fifteen largest banks admitted default on state debt obligations which in turn entailed payments on CDS on 30 November. [308]
Federal tax policy was highly contentious during the war, with President Franklin D. Roosevelt opposing a conservative coalition in Congress. However, both sides agreed on the need for high taxes (along with heavy borrowing) to pay for the war: top marginal tax rates ranged from 81% to 94% for the duration of the war, and the income level subject to the highest rate was lowered from $5,000,000 ...
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
national debt/ GNP climbs from 20% to 40% under Hoover; levels off under FDR; soars during WW2 from Historical States US (1976) Laying the foundations for the postwar era, Roosevelt and the New Deal helped enhance the power of the federal government as a whole.
In 1942, German troops fighting the Allies in North Africa occupied the Jewish quarter of Benghazi, plundering shops and deporting more than 2,000 Jews across the desert. Sent to work in labor camps, more than 20% of this group of Jews perished. In 1948, about 38,000 Jews lived in Libya.
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