America's Debt

By madisongera

  • Fiscal Year Begins

    The fiscal year of the United States of America begins.

  • Federal Debt Set up

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    Alexander Hamilton sets up the federal debt in the 1790's and begins to work towards refunding the debt from the Revolunionary War. He was the first Treasury Secretary.

  • Starting with Debt

    Anerica becomes a country at the price of $75,000,000. Being a county ain't cheap.
    They try to fix the problem buy printing money because they still couldn't tax.

  • Revolutionary War Debt Paid off

    The debt from the revolutionary War is finally paid off in the 1830's.

  • Start of Fiscal Year Changed

    The first day of the fiscal year changed from January 1st to July 1st.

  • Civil War Begins

    The Civil War begins with the public debt at $65 million.

  • The Civil War Debt Surge

    Because of the Civil War and all it's expenses, the debt was approximatley $2.76 billion when the war ended.

  • The Real Borrowing Begins

    U.S President Roosevelt begins borrwing money because of the Great Depression.