The US was debt free in 1835, when the national debt was paid off under President Andrew Jackson’s administration. The debt was about $58 million US Dollars (USD) when Jackson took office in 1829. He made paying off the debt a major priority and accomplished it mainly selling government-owned land in the West. The period of the US being debt free lasted until the Panic of 1837, a financial crisis brought on the states’ excessive printing of currency without enough reserve to back it. This resulted in a six-year-long economic depression, and the US began borrowing money again.
More about the US national debt:
The first taxes in the US were enacted in the 1790s to help the newly formed country pay off its debt, which had a 30% debt-to-gross domestic product (GDP) ratio, or around $58 million USD at the time.
Após o fim da Segunda Guerra Mundial em 1945, os EUA demoraram 17 anos para saldar sua dívida de guerra.
O recorde da dívida dos EUA era de cerca de US $ 17 trilhões de dólares, no final de 2013.