U.S. National Debt by Year

U.S. National Debt by Year HIRANMAYI SRINIVASAN

Looking at the debt-to-gross-national-product ratio of a country shows whether the nation can pay back its debt.
End of Fiscal Year-Debt (in Billions, Rounded)-Major Events by Presidential Term

1929 $17 Market crash
1930 $16 Smoot-Hawley Tariff Act reduced trade
1931 $17 Dust Bowl drought raged...
1943 $137
1944 $201 Bretton Woods Agreement
1945 $259 World War II ended
1946 $269 Truman’s first-term budgets and recession
1947 $258 Cold War...
1962 $298 JFK budgets and Cuban Missile Crisis
1963 $306 U.S. aids Vietnam; JFK killed
1964 $312 LBJ’s budgets and war on poverty
1965 $317 U.S. entered Vietnam War...
1970 $371 Recession
1971 $398 Wage-price controls
1972 $427 Stagflation...
2021 $28,428 COVID-19 and American Rescue Plan Act
2022 $30,928 Inflation Reduction Act
2023 $33,167 Rising interest rates
2024 $35,464 Credit rating downgrade