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While Douglas believed the cultural heritage factor of production is primary in increasing wealth, he also believed that economic sabotage is the primary factor decreasing it. The word wealth derives from the Old English word wela, or "well-being", and Douglas believed that all production should increase personal well-being. Therefore ...
Stephen Arnold Douglas (né Douglass; April 23, 1813 – June 3, 1861) was an American politician and lawyer from Illinois.A U.S. Senator, he was one of two nominees of the badly split Democratic Party to run for president in the 1860 presidential election, which was won by Republican candidate Abraham Lincoln.
Carl Lane argues "securing national debt freedom was a core element of Jacksonian democracy". Paying off the national debt was a high priority which would make a reality of the Jeffersonian vision of America truly free from rich bankers, self-sufficient in world affairs, virtuous at home, and administered by a small government not prone to ...
In 1835, the national debt hit a low of $33,733 when Andrew Jackson was president. But the U.S. started borrowing again as the economy entered a recession in 1837. The country's debt eventually ...
The debt was just $65 million in 1860, but passed $1 billion in 1863 and reached $2.7 billion by the end of the war. During the following 47 years, there were 36 surpluses and 11 deficits. During this period 55% of the national debt was paid off.
The national debt is the money the United States government owes its creditors. It borrowed that money on your behalf and in your name. That whole “of the people, by the people, for the people ...
If the average daily rate of debt growth over the past three years continues, the gross national debt will reach $37 trillion within 5 months, $39.2 trillion in 2026, and $40.95 trillion in 2027 ...
A railroad to the Pacific was planned, and Senator Stephen A. Douglas wanted the transcontinental railway to pass through Chicago. Southerners protested, insisting that it run through Texas, Southern California and end in New Orleans. Douglas decided to compromise and introduced the Kansas–Nebraska Act of 1854.