The largest percentage of U.S.national debt to GDP occurred during
A)The Civil War.
B)World War I.
C)World War II.
D)The Great Depression.

Question

Quizplus · Accepted Answer

During World War II, the U.S. national debt rose to over 100% of GDP, the highest percentage in history. This was due in part to the massive cost of fighting the war, as well as the government's decision to finance the war through borrowing rather than through taxation. Over time, however, the debt-to-GDP ratio decreased as the economy grew and the government paid down its debts.

The Largest Percentage of U