U.S. Secretary of Treasury Henry Morgenthau Jr speaks about the national debt increasing to 27 Billion dollars.
Washington DC USA Date:1934, August 29 Duration:1 min 54 sec Sound:Yes
U.S. Secretary of Treasury Henry Morgenthau Jr speaks about the cost of the New Deal. He explains that although the national debt has increased from 21 billion USD to 27 billion USD, this has been offset somewhat by an increase in revenue at the Treasury Department of almost 1.6 billion USD during the same time period.
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