When Did National Debt Start?

Answer

The United States has had national debt since it came into existence. The Revolutionary War sunk the nation into debt. Since then the debt has varied, though rarely disappearing. The Civil War, the two World Wars, and the current war in Iraq all created heavy rises in the national debt.
1 Additional Answer
The national debt started back in the early 1900's. It is said that it was the result of underestimating the cost of goods and services and as a result the government had to borrow monies to compensate.
Q&A Related to "When Did National Debt Start?"
The national debt started, like most debt, with just one fairly small sized loan. Well, for a country it was small. It was just over $19,600 and was taken out by Alexander Hamilton
http://answers.ask.com/Business/Finance/when_did_t...
keylee parks and kolton astle hates spending money
http://wiki.answers.com/Q/What_year_did_the_nation...
1. Reduce pork barrel spending. Pork barrel spending is the practice of paying for pet projects for members of congress. Congressmen love to brag about how much money they have brought
http://www.ehow.com/how_2164318_reduce-national-de...
To solve the national debt, we first need to stop borrowing. This includes money from International destinations and countries. Second, we need to increase the value of our dollar
http://www.ask.com/question/how-to-solve-the-natio...
Explore this Topic
Alexander Hamilton borrowed $19,608.81 from the Bank of New York and the Bank of North America in September of 1789, beginning the national debt under the new ...
Debt has been carried by the US every year since 1790, according to the US Treasury Department. It didn't top $1 trillion until 1982. The growth since ...
The US has had a debt practically since its inception. The Revolutionary War meant borrowing and in 1791 a national debt of 75 million was reported. It has fluctuated ...
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