In the history of the United States, public debt as a percentage of GDP

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Public debt as a percentage of GDP has varied widely over time in the history of the United States. It has been as high as 106% during World War II and as low as 0% during some periods in the 19th century. There is no fixed law mandating a certain level of public debt, and it does not tend to be zero percent. While public debt may decrease during times of peace and prosperity, it often increases during times of war or economic downturns.

In the History of the United States, Public Debt as a Percentage