Allusion is a brief and indirect reference to a person, place, thing or idea of historical, cultural, literary or political significance. It does not describe in detail the person or thing to which it refers.
Shortly after the American Revolutionary War (1775-1783), public debt grew to more than $75 million and continued to swell considerably over the next four decades to nearly $120 million. However, President Andrew Jackson shrank that debt to zero in 1835. It was the only time in U.S. history when the country was free of debt.
Home > The History of U.S. Public Debt - World War I (1914-1918) to the Great Depression (1929-1941) The U.S. Government needed to raise money in preparation for their participation in World War I - the first major war between the countries of Europe in modern times. To do that, the Government raised taxes.