George II (r. 1727 – 1760) grants the Georgia Patent to James Oglethorpe.  The colony is to be settled with debtors as an alternative punishment to imprisonment for debt.

       [restored 6/4/2021] Thanks to Jim Lorenz for this entry.

Subsequent Events:

5/30/1765                   10/20/1803

Authority:

Magna Carta, Chapter 13
ccc-2point0.com/MagnaCarta

References:

What year did King George the II grant Oglethorpe a charter for the 13th colony  ChaCha.mht
www.chacha.com/question/what-year-did-king-george-theii-grant-oglethorpe-a-charter-for-the-13th-colony

Current U.s. National Debt:

$36,167,124,467,492

Source