1940 - 1960
US Debt This Page 1960-1971 1971-1979 1979-1986 1986-1997

DATE STATUS DEBT CEILING
June 25, 1940Permanent$US 49,000,000,000
February 19, 1941Permanent$US 65,000,000,000
December 7, 1941:   U.S. enters World War II after Japanese attack on Pearl Harbour.
March 28, 1942Permanent$US 125,000,000,000
April 11, 1943Permanent$US 210,000,000,000
June 9, 1944Permanent$US 260,000,000,000
July 1944:   U.S. Dollar becomes the World's Reserve Currency - at Bretton Woods.
April 3, 1945Permanent$US 300,000,000,000
September 1, 1945:   End of World War II - Japanese surrender in Tokyo Bay
June 26, 1946Decrease$US 275,000,000,000
Winter 1948-49:   "Marshall Plan" - Berlin Air Lift - start of "Cold War"
August 28, 1954"Temporary"$US 281,000,000,000
June 30, 1955"Extension"$US 281,000,000,000
July 9, 1956"Temp. Decrease"$US 275,000,000,000
February 26, 1958"Temporary"$US 280,000,000,000
September 2, 1958"Temporary"$US 288,000,000,000
June 30, 1959"Temporary"$US 295,000,000,000
June 30, 1960"Temp. Decrease"$US 293,000,000,000

Back to Top