Yup, you read that headline correctly. On Jan. 8, 1835, the public debt of the United States contracted to zero for the first and only time in our nation's history.
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The debt shrank steadily, disappearing completely for that one momentous day in 1835, but it began Beats Monster Wireless Review to mount once again when the Civil War erupted in 1861. The 20th century didn't help matters much, what with two world wars, the Cold War, and conflicts in Korea, Vietnam, and the Middle East as well Chi Hair Straightener
next time someone speaks philosophically about the price of freedom, you can give them the exact number down to the penny.
By Jan. had racked up $75,463,476.52 in debt in order to fund the American Revolution and set up its own government. The Red Ghds
national debt hits zero for the first and only time today
The United States has carried a public debt since its inception.
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President Andrew Jackson was in office at the time. The contracting of the debt seems to have had more to do with the financial markets of the time than with Jackson's leadership, but it's still a distinction any president would be proud to have, regardless of the circumstances.
as increased expenses for social programs brought on by tough economic times.
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