Republican (nationalist) President Grant turns the presidency over to Republican Governor Rutherford B. Hayes (of the federal enclave of Ohio). Grant is giving to Hayes a national debt that has shrunk from 2,600,000,000 to 2,200,000,000 Dollars, going from 21% to 13% of the Gross National Product, and from 69 to 48 Dollars per person.
NOTE: The nation is still paying for the Panics of 1837 and 1857, and the War of Federal Aggression, through lawful and indirect (impost and excise) taxes placed upon manufactured goods.
[restored 5/8/2022]
Subsequent Events:
Authority:
Article II, Section 1 [Clause 8]
ccc-2point0.com/constitution-for-the-united-states
Article XII of Amendment
ccc-2point0.com/constitution-for-the-united-states
References:
Government – Historical Debt Outstanding – Annual 1850 – 1899
www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo2.htm
Demographics of the United states – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Demographics_of_the_United_States
List of Presidents of the United states – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/List_of_Presidents_of_the_United_States
US Real Gross Domestic Product GDP History 1792 to 1940
www.usgovernmentspending.com/downchart_gs.php?year=1792_1940&view=1&expand=&units=k&fy=fy11&chart=&bar=0&stack=1&size=m&title=US
Measuring Worth – GDP result.
www.measuringworth.com/datasets/usgdp/result.php
Bureau of Economic Analysis is an agency of the U.S. Department of Commerce.
www.bea.gov/national/index.html#gdp
Leviathan on the Right (How Big-Government Conservatism Brought Down the Republican Revolution) | Strike-The-Root: A Journal Of Liberty
www.strike-the-root.com/71/lfb/lfb1.html
Uncle Sam’s flag of 37 stars, by Tom Caldwell and Jim Lorenz
ccc-2point0.com/uncle-sams-flag-of-37-stars
Current U.s. National Debt:
