Apr 15, 2011 ... On Jan. 8, 1835, all the big political names in Washington gathered to celebrate  what President Andrew Jackson had just accomplished. A senator rose to ... for  America. After the revolution, the founding fathers debated whether or not to just  wipe clean all those financial promises made during the war.
January 8 is the eighth day of the year in the Gregorian calendar. There are 357  days remaining until the end of the year (358 in leap years). This date is slightly  more likely to fall on a Tuesday, Friday or Sunday (58 in 400 years each) than on  Wednesday or Thursday (57), and slightly less likely to occur on a Monday or ...
Jan 8, 2015 ... It is the only time that a major economy has operated without debt of any kind. But  it didn't last. The 'Panic of 1837' struck, the economy tanked and America  succumbed to the longest depression in its history. The country has not been  debt-free since. Now, America is famously saddled with $18trn in federal ...
On January 8, 1815, Jackson and his men rebuffed a British frontal assault at  Chalmette Plantation outside New Orleans and won the battle, due in no small  part to very bad luck on the part of the British. ... In January 1835, Jackson paid off  the entire national debt, the only time in U.S. history that has been accomplished.
Historical events for the 8th of January. See what famous, interesting and notable  events happened throughout history on January 8. ... December 1814 but none of  the combatants knew; 1833 Boston Academy of Music, 1st US music school,  established; 1835 The United States national debt is 0 for the first and only time.
Why is January 8th an important date in American history? This day in 1835 is the only day in our history when we have not been in debt.