Financial History: Sunday Reads
• The History of American Defaults
• Sovereign Debt: 13th Century to Now
• A History of US Debt Limits Since 1776
• 1840s US State Debt & Default Crisis
• Insights from Historical Defaults
investoramnesia.com/2021/10/10/his…
• The History of American Defaults
• Sovereign Debt: 13th Century to Now
• A History of US Debt Limits Since 1776
• 1840s US State Debt & Default Crisis
• Insights from Historical Defaults
investoramnesia.com/2021/10/10/his…
Market Value & Par Value of Gross Debt as % of GDP 
One of the articles in today’s Sunday Reads argues that the US *has* defaulted three times in history.
First in 1814, due to the War of 1812:
First in 1814, due to the War of 1812:
% of countries in default, weighted by their share of global GDP
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