Deficit spending in the context of "Black Monday (1987)"

Nazi Germany, officially the German Reich and later the Greater German Reich, was the German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a totalitarian dictatorship. The Third Reich, meaning "Third Realm" or "Third Empire", referred to the Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800–1806) and German Empire (1871–1918). The Third Reich, which the Nazis referred to as the Thousand-Year Reich, ended in May 1945, after 12 years, when the Allies defeated Germany and entered the capital, Berlin, ending World War II in Europe.

After Hitler was appointed Chancellor of Germany in 1933, the Nazi Party began to eliminate political opposition and consolidate power. A 1934 German referendum confirmed Hitler as sole Führer (leader). Power was centralised in Hitler's person, and his word became the highest law. The government was not a co-ordinated, cooperating body, but rather a collection of factions struggling to amass power. To address the Great Depression, the Nazis used heavy military spending, extensive public works projects, including the Autobahnen (motorways) and a massive secret rearmament program, forming the Wehrmacht (armed forces), all financed by deficit spending. The return to economic stability and end of mass unemployment boosted the regime's popularity. Hitler made increasingly aggressive territorial demands, seizing Austria in the Anschluss of 1938, and the Sudetenland region of Czechoslovakia. Germany signed a non-aggression pact with the Soviet Union and invaded Poland in 1939, launching World War II in Europe. In alliance with Fascist Italy and other Axis powers, Germany conquered most of Europe by 1940 and threatened Britain.

Cuba has a developing planned economy dominated by state-run enterprises. The Communist Party of Cuba maintains high levels of public sector control and exerts significant influence over the Cuban economy. The island has a low cost of living, inexpensive public transport, as well as subsidized education, healthcare, and food. Cuba's economic growth has historically been weak due to high labour emigration, import dependency, an ongoing energy crisis, foreign trade sanctions, and limited tourism in Cuba. The dual economy of Cuba has led to a series of financial crises. Cuba is one of the poorest countries in Latin America and the Caribbean with high inflation, collective poverty, and food shortages. It is heavily indebted due to its large public sector and high deficit spending, with a global sovereign debt burden.

In the 19th century, Cuba was one of the most prosperous pre-industrial Latin American countries with the export of tobacco, sugar, and coffee. At the Cuban Revolution of 1953–1959, during the military dictatorship of Fulgencio Batista, Cuba was on a growth trajectory within Latin America. During the Cold War, the Cuban economy was heavily subsidized – 10% to 40% of Cuban GDP in various years – by the Eastern Bloc, due to their geopolitical alignment with the Soviet Union. Cuba endured severe economic downturn when the Soviet Union collapsed, with GDP declining 33% between 1990 and 1993. A protracted economic malaise known as the Special Period overcame Cuba from 1991 to 2001. The Cuban economy rebounded in 2003 with marginal liberalization and foreign support from Venezuela, China, and Russia. The United States has maintained an economic embargo against Cuba since 1960 due to geopolitical tensions. Cuba has free-trade agreements with many world nations.

A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms.

Preparing a budget allows companies, authorities, private entities or families to establish priorities and evaluate the achievement of their objectives. To achieve these goals it may be necessary to incur a deficit (expenses exceed income) or, on the contrary, it may be possible to save, in which case the budget will present a surplus (income exceed expenses).

The South American economic crisis is the economic disturbances which have developed in 2002 in the South American countries of Argentina, Brazil and Uruguay.

The Argentinian economy was suffering from sustained deficit spending and an extremely high debt overhang, and one of its attempted reforms included fixing its exchange rates to the US dollar. When Brazil, as its largest neighbor and trading partner, devalued its own currency in 1999, the Argentinian peg to the US dollar prevented it from matching any of that devaluation, leaving its tradeable goods to be less competitive with Brazilian exports.

Nazi Germany, officially the German Reich and later the Greater German Reich, was the German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a totalitarian dictatorship. The Third Reich, meaning "Third Realm" or "Third Empire", referred to the Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800–1806) and German Empire (1871–1918). The Third Reich, which the Nazis referred to as the Thousand-Year Reich, ended in May 1945, after 12 years, when the Allies defeated Germany and entered the capital, Berlin, ending World War II in Europe.

After Hitler was appointed Chancellor of Germany in 1933, the Nazi Party began to eliminate political opposition and consolidate power. A 1934 German referendum confirmed Hitler as sole Führer (leader). Power was centralised in Hitler's person, and his word became the highest law. The government was not a co-ordinated, co-operating body, but rather a collection of factions struggling to amass power. To address the Great Depression, the Nazis used heavy military spending, extensive public works projects, including the Autobahnen (motorways) and a massive secret rearmament programme, forming the Wehrmacht (armed forces), all financed by deficit spending. The return to economic stability and end of mass unemployment boosted the regime's popularity. Hitler made increasingly aggressive territorial demands, seizing Austria in the Anschluss of 1938, and the Sudetenland region of Czechoslovakia. Germany signed a non-aggression pact with the Soviet Union and invaded Poland in 1939, launching World War II in Europe. In alliance with Fascist Italy and other Axis powers, Germany conquered most of Europe by 1940 and threatened Britain.