Showing posts with label Great Depression. Show all posts
Showing posts with label Great Depression. Show all posts

Monday, September 16, 2024

Steve Flowers: Inside the Statehouse – Alabama’s 1940s congressional delegation

   Recently I came across a copy of an old congressional directory from 1942. It is always fun for me to read about this era in American political history.

  Franklin Delano Roosevelt was first elected in 1932 in the depths of the Great Depression. He would go on to be reelected in 1936, 1940, and 1944 and would have been reelected into perpetuity. However, he died in Warm Springs, Georgia in April of 1945, only four months into his fourth term. He was the closest thing we Americans have ever had to having a king. Nobody has or ever will serve four terms as president. After FDR's omnipotent reign, the U.S. Constitution was changed to limit our presidents to two four-year terms.

Wednesday, March 29, 2023

Separate money and the state

  The United States once had the finest monetary system in history. It was a system that the U.S. Constitution established. It was a system in which the official money of the United States consisted of gold coins and silver coins.

  We often hear that the “gold standard” was a system in which paper money was “backed by gold.” Nothing could be further from the truth. There was no paper money in the United States. That’s because the Constitution did not empower the federal government to issue paper money. It also expressly prohibited the states from issuing paper money.

Wednesday, August 26, 2020

Steve Flowers: Inside the Statehouse - Legendary U.S. Supreme Court Justice Hugo Black was from Alabama

  The most enduring legacy a president will have is an appointment to the United States Supreme Court. A lifetime appointment to the high tribunal is the ultimate power. The nine Justices of the Supreme Court have omnipotent, everlasting power over most major decisions affecting issues and public policy in our nation. President Trump has had two SCOTUS appointments and confirmations. This is monumental. These appointments may be his lasting legacy.

Wednesday, January 9, 2019

Steve Flowers: Inside the Statehouse – Alabama’s 1940s congressional delegation

  Recently I came across a copy of an old congressional directory from 1942. It is always fun for me to read about this era in American political history.

  Franklin Delano Roosevelt had been first elected in 1932 in the depths of the Great Depression. He would go on to be reelected in 1936, 1940, and 1944 and would have been reelected into perpetuity. However, he died in Warm Springs, Georgia in April of 1945, only four months into his fourth term. He was the closest thing we Americans have ever had to having a king. Nobody has or ever will serve four terms as President. After FDR's omnipotent reign, the Constitution was changed to limit our presidents to two four-year terms.

Sunday, May 13, 2018

Jacob G. Hornberger: The pathetic U.S. golden dollar

  I recently received a U.S. golden dollar from a vending machine. What a pathetic thing. Golden in color, Wikipedia reports that it actually has “a copper core clad by manganese brass.”

  Needless to say, this golden coin is nothing like the gold coins that, along with silver coins, were the official money of the American people for more than a hundred years. The gold coins that Americans used throughout the 1800s and into the early 1900s were real gold coins, not alloyed coins consisting of base metals, like today’s golden coin.