Andrew Jackson was the first and only president to eliminate the national debt

Andrew Jackson reshaped the presidency and expanded executive authority

Andrew Jackson used the veto extensively, removed federal deposits from the national bank, and asserted the president's right to act independently of Congress—shifting the balance of power toward the executive branch.

Alexander Hamilton consolidated states' debts, implemented a tax system, and established a national bank

While the US was only 12 years old when Alexander Hamilton was tapped as the first secretary of the Treasury, it already owed almost $80M. With the country bringing in just $4.4M in taxes, that was not nearly enough to cover government operations and pay debts.

President Andrew Johnson was mainly impeached for obstructing Reconstruction

In 1868, the House impeached Andrew Johnson for violating the Tenure of Office Act and obstructing congressional Reconstruction policies. Johnson was the first president ever to be impeached, surviving conviction and removal in the Senate by a single vote.

JP Morgan Jr. once angered the nation with his zero-dollar tax bill

In the aftermath of the Great Depression, Congress learned that Morgan and his banking partners had avoided paying any federal income tax in 1931 and 1932. By claiming their losses in the stock market, they seemingly erased what they owed.

Madison was America's first president during a formally declared war

During James Madison's presidency, Congress formally declared war on Britain in 1812 over its practice of seizing American sailors, trade restrictions, and repeated violations of US sovereignty—marking the first time a sitting American president led the nation through a declared war.

The national debt is growing at a faster rate than the economy

“The federal government faces an unsustainable fiscal future,” according to this bleak 2025 report on the nation’s budget from the US Government Accountability Office. If unaddressed, the country’s debt could double its gross domestic product, warns the nonpartisan agency. For individuals, this may mean stagnant wages, higher borrowing costs, and more expensive goods.

Minting a coin that can pay off the federal debt has been proposed as a quick fix to rampant borrowing

It’s uncertain how financial markets would react to such a large cash injection. Some economists warn it could trigger massive inflation. Others say the nation needs a clean slate.

How the stock market performed under every US president

It's worth noting that the stock market as we know it today didn't exist under the leadership of earlier presidents, such as George Washington and Thomas Jefferson.

Since 1800, every president has lived and worked in the White House

John Adams became the first president to live in the White House when it was completed in 1800. Since then, every American president has used it as both a residence and the official seat of executive power.

The nullification crisis tested whether states could defy federal law

In the 1830s, South Carolina declared federal tariffs void within its borders. President Andrew Jackson threatened military force, Congress passed a compromise tariff, and the episode ended with federal authority prevailing over state nullification.

The Indian Removal Act of 1830 forcibly displaced tens of thousands of Native Americans

Signed by President Andrew Jackson, the act authorized the federal government to negotiate treaties relocating Native nations from their Southeastern homelands to lands west of the Mississippi, often by force.

Central banking in the US has had a fraught political history

That history includes its doomed early efforts in the First and Second National Banks, as well as its failure to address the worst financial period in US history, the Great Depression.

The US once had a $100K bill

There are currently seven denominations of paper money, with the highest value reaching $100. But there used to be more that have since been discontinued, including bills that sported the faces of President William McKinley and President James Madison.

See checks signed by US presidents

One bank has made it a point to conserve checks from US presidents. Peruse this gallery of signed checks from Washington, FDR, JFK, Lincoln, and more.

The US president who had the most children

John Tyler, America’s 10th president, was born in 1790, yet still has one living grandchild. This bizarre phenomenon can be explained by his 15 children, which he had throughout all stages of his adult life. Tyler had eight children with one wife and seven with another, leading him to hold the title as the US president with the most children. Tyler was also the first US president to get married while in office.

The Budget and Accounting Act of 1921 created the modern federal budget

Before 1921, federal funding was fragmented and ad hoc. This article traces how inefficiency and postwar pressures led Congress to pass the Budget and Accounting Act, creating a standardized, centralized federal budgeting process.

DOGE's claim of saving more than $64B lacks evidence

In the first month of President Donald Trump’s second term, his new Department of Government Efficiency celebrated slashing billions in federal spending and chopping away at the national debt. An article from the Poynter Institute’s fact-checking website digs into the numbers to investigate these claims.

George Washington spent thousands of dollars on ice cream in a single summer

Records show that America's first president purchased a "cream machine for ice" as early as 1784. An accounting record from 1790 reveals that Washington spent $200—roughly equivalent to $6,300 today—on ice cream.

The National Housing Act established the Federal Housing Administration

During the Great Depression, 1,000 homes were foreclosed on per day, and half of the mortgages across the country defaulted. To address this crisis, President Franklin D. Roosevelt signed the National Housing Act. It established the Federal Housing Administration, which is still around today and helps protect lenders and buyers.

Washington was elected unanimously twice to the presidency

George Washington was unanimously elected in 1789 and 1792, with every presidential elector casting one of their two votes for him (at the time, each elector cast two votes). He accepted the office reluctantly, seeing it as a duty rather than an ambition.

John Marshall inherited a marginal and largely inactive Supreme Court

By 1801, the court had little institutional authority or public standing. Its first three chief justices served only 11 years combined, and in its first decade, the court decided only 63 cases—none of which struck down a federal or state law.

Ford became the first and only president to pardon his predecessor

President Gerald Ford issued a "full, free, and absolute" pardon to Nixon on Sept. 8, 1974, covering any crimes committed between Jan. 20, 1969, and his resignation—effectively ending legal proceedings and making Nixon the first president ever pardoned by his successor.

James Garfield, the first left-handed US president

Though he was assassinated only four months into his tenure, President James Garfield was a highly respected figure, a professor known for his mastery of several languages, success as a general in the Civil War, and accomplishments in Congress. He was also left-handed, the first southpaw to sit in the Oval Office. Learn more about Garfield's ambidexterity here.

The highest inflation in US history was estimated at 30% in 1778

This was just after the Revolutionary War. Both World Wars also brought double-digit inflation. It's worth noting that exact inflation rates in early America are difficult to calculate precisely.

A history of every US government shutdown

There have been 21 shutdowns of the federal government in US history, a result of Congress's failure to pass appropriations bills in time. While the cause of most of the shutdowns stems from issues around the national debt and budget, a few originated in fights over unrelated policies. Dive into the history of each one with this comprehensive list.

US consumers collectively owe more than $1T to credit card companies—almost as much as they owe in auto loans.

The rivalry between Alexander Hamilton and Thomas Jefferson centered on federalism—the question of how much power the federal government should hold relative to the states.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

Before the current East Wing ballroom project, only two White House renovations in the past 100 years cost more than $10M.

The original copy of the Declaration of Independence is not a pristine document, and even features a smudged anonymous handprint in the bottom left corner.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

Many legends about George Washington, including his supposed wooden teeth and the story of cutting down the cherry tree, lack evidence.

Jimmy Carter signed a 1978 bill that legalized home brewing, a move credited with kick-starting the craft beer industry.

Abraham Lincoln was almost assassinated weeks before his inauguration as he traveled from Illinois to DC through Baltimore in 1861; it took two independent claims for Lincoln to be convinced the threat was real

Despite being favored by 87% of Americans, Congress does not have term limits.

Some coin denominations have ridges etched on their sides, partly to prevent counterfeiting, in a practice called 'reeding.'

The 19th-century painters of the Hudson River School were among the first American romantics, with portraits that displayed the natural beauty of the young country.

Frank Lloyd Wright's houses are historically hard to sell because they're old, subject to local landmark commissions, and often unfashionable

In 2019, a laptop loaded with six of the worst malware in history and described as 'an exhibit of historical weaponry' sold for $1.3M.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Watch a 1934 short film starring jazz legend Cab Calloway, a major figure in the Harlem Renaissance's music scene

Double world record holder Hunter Ewen helped conquer his fear of balloons, called globophobia, by training to win Guinness World Record titles for balloon inflation.

Apollo astronauts left items in the moon's 'toss zone,' including golf balls, family photos, and bags of human waste, to make room for lunar rocks.

The Beatles' US label rejected the band's first two singles, 'Please Please Me' and 'From Me to You,' with one executive calling the band 'dead in the water.'

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

For centuries, it was common to sleep in two shifts: a few hours at the beginning of the night, and a longer period beginning around midnight

Three Ebola species are responsible for most large outbreaks of the disease, yet the only approved Ebola vaccine is known to work against just one of them.

See a 3D reconstruction of Tenochtitlan, the Aztec capital that was home to an estimated population of 200,000 to 400,000.