From the course: Business Math
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Quick understandings that come from numbers
From the course: Business Math
Quick understandings that come from numbers
- I've got two graphs I want to show you. - Oh, I love graphs, fire away. - [Kay] Well, here's the first one. This is a graph of the increase in U.S. federal government spending from 1792 up through 2014. - Why 1792? - Well, that's a good question. I don't know. George Washington started his first term in 1789, but for some reason, the data series that I found starts in 1792. Maybe George paid for everything out of his own pocket those first three years. - Yeah, perhaps, okay, so let's look at the graph. - Okay, here it is, now tell me what you think. - [Jim] It looks flat for about 150 years and then it takes off into the stratosphere. - [Kay] That's a pretty good description. Starting in 1792, U.S. federal government spending never reached as high as $10 billion in one year until 1940. That's not very much when compared with the $3.5 trillion spent in 2014. - Okay, you said there were two graphs. Let's see the other one. - [Kay] Okay, here it is. This one is also a graph of U.S…
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