Economy News Archives - Dailyoverviews

U.S. Achieves $0 National Debt in 1835: A Historic Feat

The Day the United States Cleared Its National Debt to $0

sulemansbr3 months ago3 months ago05 mins

On January 8, 1835, the United States reached an unprecedented milestone: the national debt was paid down to zero. This remarkable achievement remains the only time in American history that the country has been free of national debt. The feat was largely credited to the policies of President Andrew Jackson, whose financial strategies reshaped the nation’s economy during his presidency.

Black Tuesday 1929: The Start of the Stock Market Crash and Great Depression

sulemansbr5 months ago4 months ago05 mins

On October 29, 1929, a day that would become infamously known as Black Tuesday, the U.S. stock market crashed, triggering the onset of the Great Depression. This catastrophic day saw unprecedented selling on Wall Street as panic overtook the market. Investors lost billions of dollars, and the American economy faced a massive downturn that would last for an entire decade.