In 1914, America had $0 debt.
https://www.thebalancemoney.com/us-debt-by-president-by-dollar-and-percent-3306296
In 1914, America had $0 debt.
https://www.thebalancemoney.com/us-debt-by-president-by-dollar-and-percent-3306296
The federal reserve banking system began in 1913.