Quiz Champion

Which president erased the national debt of the United States?

  • John F. Kennedy
  • Ronald Reagan
  • Andrew Jackson
  • Franklin Roosevelt
Explanation

The answer is not Andrew Jackson; in fact, he did not erase the national debt of the United States. Instead, it was President Andrew Jackson's successor, President Martin Van Buren, who managed to eliminate the national debt during his presidency. This accomplishment was largely due to a combination of increased government revenue from land sales and fiscal restraint in government spending, allowing Van Buren to pay off the national debt by the end of his term in 1837.