What is meant by a public debt of the United States

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Surely everyone will agree with the fact that America is at the moment famous in every corner of the world because of its financial debt.Some experts believe that the US national debt is a harbinger of death is absolutely certain of the world's economic system.In addition, China has accelerated the pace of its development, including in economic terms, therefore, this country is now coming on the heels States.Experts claim that in the near future China will dominate it.In this article we consider the causes of the debt.

US government debt.Reasons

main prerequisites for the emergence of such a financial dependency is actually rooted in the history of this state.When the US is still in its infancy, the economic growth of the state at that time was largely based on re-entering the country adventurers, as well as direct labor emigrants.In addition, during the period of the founding of America's main labor force were slaves who were imported from Africa periodically to ensure the country's future labor force.

Of course, after the famous war between the so-called North-South will soon slavery was abolished, but, as experience shows, in fact, still remained.At the time, he acted about the following scheme: immigrants who enter the country in search of an unprecedented happiness, offer loans at a sufficiently high interest rates, which some could not pay the rest of his life.Thus, people become hostages of a huge debt hole, out of which not everyone succeeded.

Due to the fact that in America every year a large number of migrants entering the state is rapidly growing, however, the economy could not withstand such a major influx.On the other hand in Europe is a real scientific and technological progress, the mechanical work was replaced by machine, innovating.The United States wanted to follow Europe, however, lacked the financial investments.Of course, their own country could not attract a lot of money.The only possible rational way out of this kind of situation a situation - to create its own currency and literally impose it around the world.Very soon, this moment has come.At the end of the Second World War, many states hard hit, but the United States has not appeared among them.The debts of the state was significant.To help its neighbors, the United States began to issue loans for the development of all of its currency.Thus, the American currency (dollar) gradually became international.After this development, all countries have become dependent on the dollar, as virtually all financial transactions carried out with its help.So, now it becomes clear why the US national debt is so big.

Due to the fact that the dollar became the main unit of account in the world, that is, the entire planet depends precisely on him, other countries simply unprofitable to his downfall.Consequently, the country is constantly financially supported by the US to keep its economy afloat.Of course, this situation continues for a long time.At the moment, according to experts, the US national debt is about $ 13 trillion.