Jan 8, 2011

1835: The United States national debt is 0 for the only time

(Wikipedia) The United States has had public debt since its inception. Debts incurred during the American Revolutionary War and under the Articles of Confederation led to the first yearly reported value of $75,463,476.52 on January 1, 1791. Over the following 45 years, the debt grew, briefly contracted to zero on January 8, 1835 under President Andrew Jackson, but then quickly grew into the millions again. Continued