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How was the economy in 1963?

Updated: 4/28/2022
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14y ago

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The economy in the United States was relatively stable in the early 1960's because of the legislation passed after John F. Kennedy was assinated. Our National GDP was ranked number 1 (about 612 billion) of all the countries currently involved in international trade at that time. Although we had a high GDP, our debt was fast increasing during that time due to increased government spending on legislation to help the elderly of our nation and to lower taxes, to name a few. All in all though, our economy compared to the rest of the international spectrum, was rapidly increasing and the number 2 country in GDP (France) was about 500 billion dollars away from the United States.

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14y ago
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Елена Сергеева

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2y ago
I have an answer to this question, you can look at this link what the economy was like in 1963 very interesting lesson thanks for your attention

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