Long Default ยท U.S. Fiscal Record
U.S. National Debt in the 1920s
Explore the U.S. federal debt trajectory across the 1920s using Treasury historical observations. Comparable OMB budget measures begin in FY1940.
Source-backed fiscal history
This debt-focused decade record compares Treasury total-debt observations across fiscal years 1920 through 1929. Its opening and closing Treasury debt observations are source-labeled observed. Receipts, outlays, budget balance, net interest, GDP, and spending breakdowns remain unavailable before FY1940.
Long Default distinguishes annual debt balances from budget flows such as receipts, outlays, deficits, and net interest. Every available record links the measure to its stated coverage and public-source context.