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The significant rise in public debt from 1812 to 1815 can largely be attributed to the financial demands of the War of 1812, which required substantial military funding. The U.S. government faced increased expenditures for troops, supplies, and naval operations to combat British forces. Additionally, the war disrupted trade and economic activity, leading to lower revenues and necessitating borrowing to finance the conflict. The combination of these factors resulted in a sharp increase in public debt during this period.

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3w ago

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