US National Debt by Year Since 1900



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                <h2>1900-1904</h2>
  • Outstanding debt in 1900: $2.14 billion
    • Debt adjusted for inflation: $65.37 billion
  • Outstanding debt in 1904: $2.26 billion
    • Debt adjusted for inflation: $65.37 billion

Change in debt between 1900-1904: 5.95%
Change in debt adjusted for inflation: -$4.55 million

Editorial note: The increase in national debt from 1900-1904 was outpaced by inflation, so the value of the dollar decreased faster than the rate at which the national debt grew.

Pictured: U.S. Treasury Building in 1900

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                <h2>1905-1909</h2>
  • Outstanding debt in 1905: $2.27 billion
    • Debt adjusted for inflation: $66.42 billion
  • Outstanding debt in 1909: $2.64 billion
    • Debt adjusted for inflation: $74.54 billion

Change in debt between 1905-1909: 16.04%
Change in debt adjusted for inflation: $8.12 billion

Pictured: $20 U.S. gold certificate from 1905

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                <h2>1910-1914</h2>
  • Outstanding debt in 1910: $2.65 billion
    • Debt adjusted for inflation: $71.75 billion
  • Outstanding debt in 1914: $2.91 billion
    • Debt adjusted for inflation: $74.84 billion

Change in debt between 1910-1914: 9.80%
Change in debt adjusted for inflation: $3.09 billion

Pictured: William Howard Taft, who was president from 1910-1913

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                <h2>1915-1919</h2>
  • Outstanding debt in 1915: $3.06 billion
    • Debt adjusted for inflation: $77.81 billion
  • Outstanding debt in 1919: $27.39 billion
    • Debt adjusted for inflation: $406.87 billion

Change in debt between 1915-1919: 795.68%
Change in debt adjusted for inflation: $329.06 billion

Related: States With the Most and Least Amount of Debt

Pictured: U.S. Treasury Building in 1915

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                <h2>1920-1924</h2>
  • Outstanding debt in 1920: $25.95 billion
    • Debt adjusted for inflation: $333.46 billion
  • Outstanding debt in 1924: $21.25 billion
    • Debt adjusted for inflation: $319.35 billion

Change in debt between 1920-1924: -18.12%
Change in debt adjusted for inflation: -$14.10 billion

Pictured: $5 U.S. silver certificate from 1923

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                <h2>1925-1929</h2>

Change in debt between 1925-1929: -17.47%
Change in debt adjusted for inflation: -$46.83 billion

Pictured: Calvin Coolidge, who was president from 1925-1929

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                <h2>1930-1934</h2>

Change in debt between 1930-1934: 67.15%
Change in debt adjusted for inflation: $269.75 billion

Pictured: Pageant in front of the U.S. Treasury Building in 1930

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                <h2>1935-1939</h2>

Change in debt between 1935-1939: 40.90%
Change in debt adjusted for inflation: $209.27 billion

Learn: The No. 1 Cause of Financial Stress in Every State

Pictured: $1 U.S. silver certificate from 1935

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                <h2>1940-1944</h2>

Change in debt between 1940-1944: 367.80%
Change in debt adjusted for inflation: $2.15 trillion

Pictured: U.S. Treasury Building in 1941

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                <h2>1945-1949</h2>

Change in debt between 1945-1949: -2.29%
Change in debt adjusted for inflation: -$963.81 billion

Pictured: Harry S. Truman, who was president from 1945-1949

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                <h2>1950-1954</h2>

Change in debt between 1950-1954: 5.40%
Change in debt adjusted for inflation: -$152.83 billion

Editorial note: The increase in national debt from 1950-1954 was outpaced by inflation, so the value of the dollar decreased faster than the rate at which the national debt grew.

Pictured: $10 U.S. silver certificate from 1953

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                <h2>1955-1959</h2>

Change in debt between 1955-1959: 3.77%
Change in debt adjusted for inflation: -$116.70 billion

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Editorial note: The increase in national debt from 1955-1959 was outpaced by inflation, so the value of the dollar decreased faster than the rate at which the national debt grew.

Pictured: $1 U.S. silver certificate from 1957

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                <h2>1960-1964</h2>

Change in debt between 1960-1964: 8.86%
Change in debt adjusted for inflation: $98.14 billion

Pictured: John F. Kennedy, who was president from 1961-1963

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                <h2>1965-1969</h2>

Change in debt between 1965-1969: 11.49%
Change in debt adjusted for inflation: -$111.54 billion

Editorial note: The increase in national debt from 1965-1969 was outpaced by inflation, so the value of the dollar decreased faster than the rate at which the national debt grew.

Pictured: Lyndon B. Johnson, who was president from 1965-1969

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                <h2>1970-1974</h2>

Change in debt between 1970-1974: 28.08%
Change in debt adjusted for inflation: $19.62 billion

Picture: Gas ration stamps being printed by the U.S. Bureau of Engraving and Printing as a result of the 1973 oil crisis

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                <h2>1975-1979</h2>

Change in debt between 1975-1979: 55.01%
Change in debt adjusted for inflation: $378.78 billion

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Pictured: Specially stamped bicentennial $2 bill from 1976

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                <h2>1980-1984</h2>

Change in debt between 1980-1984: 73.21%
Change in debt adjusted for inflation: $1.06 trillion

Pictured: U.S. Treasury Building in 1980

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                <h2>1985-1989</h2>

Change in debt between 1985-1989: 56.73%
Change in debt adjusted for inflation: $1.57 trillion

Pictured: Senior citizens in a retirement home watching the 1987 stock market crash

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                <h2>1990-1994</h2>

Change in debt between 1990-1994: 45.14%
Change in debt adjusted for inflation: $1.78 trillion

Pictured: George H.W. Bush, who was president from 1990-1993

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                <h2>1995-1999</h2>

Change in debt between 1995-1999: 13.72%
Change in debt adjusted for inflation: $337.54 billion

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Pictured: $20 bill from 1995

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                <h2>2000-2004</h2>

Change in debt between 2000-2004: 30.05%
Change in debt adjusted for inflation: $1.57 trillion

Pictured: Traders looking at New York Stock Exchange boards in 2000

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                <h2>2005-2009</h2>

Change in debt between 2005-2009: 50.14%
Change in debt adjusted for inflation: $3.83 trillion

Pictured: Barack Obama, who was inaugurated as the 44th U.S. president in 2009

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                <h2>2010-2014</h2>

Change in debt between 2010-2014: 31.43%
Change in debt adjusted for inflation: $3.37 trillion

Pictured: Occupy Wall Street protests in 2011

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                <h2>2015-2019</h2>

Change in debt between 2015-2019: 25.17%
Change in debt adjusted for inflation: $3.16 trillion

Pictured: Current U.S. Treasury Building

More From GOBankingRates

Methodology: GOBankingRates used TreasuryDirect’s “Historical Debt Outstanding – Annual” data series and the Bureau of Labor Statistics’ consumer price index inflation calculator to find the United States’ national debt by year since 1900 in the following ways: (1) outstanding debt in dollars, (2) percentage change in national debt over a five-year period and (3) outstanding debt in 2020 dollars. All data used to conduct this study was compiled and verified on Jan. 20, 2020. Debt figures from 1975-1985 are rounded to the nearest million. Five-year percentage increases were calculated using change in total debt without accounting for inflation.

This article originally appeared on GOBankingRates.com: US National Debt by Year Since 1900



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