Before the Great Depression,federal deficits occurred primarily during wartime.

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Sharina Rhoden · Accepted Answer

Final Answer : True, Explanation :  Before the Great Depression, the U.S. government typically ran budget deficits during wars and tried to maintain balanced budgets or surpluses during peacetime. The Great Depression marked a significant shift towards using deficit spending as a tool for economic stabilization in non-war times.

Before the Great Depression,federal deficits occurred primarily during wartime.

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