A nation wholly free
United states, politics and government, 1815-1861
Finance, Public
Public Debts
Presidents
Economics
Politics and government
Biography
History
When President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor…
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