Due in part to the cost of the Revolutionary War, the United States had a $43 million national debt by 1783. By September 1815 it had grown to $119.2 million. Pres. Andrew Jackson made it a point to eliminate national debt, which happened for the only time in the U.S. in January 1835.

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5 of the World’s Most Devastating Financial Crises

Many of us still remember the collapse of the U.S. housing market in 2006 and the ensuing financial crisis that wreaked havoc on the U.S. and around the world. Financial crises are, unfortunately, quite common in history and often cause economic tsunamis in affected economies. Below you will find a