Briefly Explain the Sharp Increase in Foreign Holdings of US

question 82

Essay

Briefly explain the sharp increase in foreign holdings of US bonds in the early years of the twenty-first century.

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Definitions:

Maintaining Cordial

The practice of keeping relations friendly and warm, often in professional or formal contexts.

President's Commission

A group or committee formed by the President of the United States to investigate or address specific issues or concerns at a national level.

American Society

The social structure, norms, and cultural dynamics characteristic of the United States.

Industrialization

The process of transforming economies from primarily agricultural to one based on the manufacturing of goods, involving technological innovations and organizational changes.