Backstory - Borrowed Times: A History of the National Debt

On this episode, the History Guys asked why debt has continued to be so controversial in a nation that was founded on borrowing. What factors have contributed most to our ballooning deficit, and who, historically, have been most concerned about it? To whom does the nation owe all this money, and how has the slate of creditors changed? Is the current debt crisis truly unprecedented? How can history help us understand the extent to which debt endangers our 21st century economy?

Highlights Include:

* The History Guys speak with an Alexander Hamilton impersonator about why the nation’s first Treasury Secretary is so misunderstood today.

* Historian Julia Ott describes the Victory Loan campaigns of World War One, and how they effectively eliminated public opposition to the war.

* BackStory listeners join the History Guys with their questions and comments about the history of the national debt.

Guests: 

Julia Ott

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