Archive for the 'Fincncial' Category

NATIONAL DEBT REACHED $0 FOR FIRST TIME

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On January 8, 1835, President Andrew Jackson achieves his goal of entirely paying off the United States’ national debt. It was the only
time in U.S. history that the national debt stood at zero, and it precipitated one of the worst financial crises in American history.

The elimination of the national debt was both a personal issue for Jackson and the culmination of a political project as old as the
nation itself. Since the time of the
Revolution, American politicians
had argued over the wisdom of the nation carrying debt. After independence, the federal government agreed to take on individual states’ war debts as part of the unification of the former colonies.
Federalists, those who favored a stronger central government, established a national bank and argued that debt could be a useful
way of fueling the new country’s economy. Their opponents, most notably
Thomas Jefferson,  saw the debt as a source of national
shame.

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Andrew Jackson (March 15, 1767 – June 8, 1845)

posted by Bob Karm in ANNIVERSARY,Debt,Fincncial,HISTORY,POLITICAL,President and have No Comments

WAR BONDS FOR CHRISTMAS GIFT GIVING

ALTTT

War bonds were debt securities issued by the government to finance military operations and other expenditure in times of war. They were
also a means to control
inflation by removing money from circulation from a stimulated wartime economy.

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posted by Bob Karm in Christmas shopping,Fincncial,Government,HISTORY,HOLIDAY,WAR,War Bonds and have No Comments

FIRST ATM OPENED ON THIS DAY IN 1969


America’s first automatic teller machine (ATM) made
made its public debut, dispensing cash at Chemical
Bank in Rockville Centre,
New York. ATMs went on
to revolutionize the banking industry.

America's first ATM was demonstrated in 1969 at the former Chemical Bank in Rockville Center, LI.
Donald Wetzel (center) demonstrates America’s first ATM in 1969 at
the former Chemical Bank in Rockville Center, LI.

posted by Bob Karm in ANNIVERSARY,ATM,DEBUT,Fincncial,HISTORY and have No Comments

MONEY MAKING MAN DIED ON THIS DAY IN 1976

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Howard Robard Hughes Jr.
(December 24, 1905 – April 5, 1976)

Howard Hughes was a business magnate and famed aviation
pioneer.
He was one of the richest men to emerge from the
American West during the 20th century.

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The largest wooden airplane ever constructed, and flown
only one time by Howard Hughes, the Spruce Goose.

posted by Bob Karm in AIRCRAFT,ANNIVERSARY,Aviation,Aviator,DEATH,Fincncial,MOVIES and have No Comments

MONEY FOR SOME SCENES PAID BY STAR

Fripp in the Movies | Fripp Island Golf & Beach Resort

 

 

(FOXNEWS) – Forrest Gump (1994) is one of the most iconic persons
in movie history, but according to actor Tom Hanks, the film hit a
lot of
roadblocks. So much so, that Hanks and “Forest Gump”
director Robert Zemeckis had to dig into their own pockets
to pay for some scenes to be shot. 

On the podcast In Depth With Graham Bensinger, the 64-year
-old actor revealed Paramount wouldn’t approve some of the
budgets, including the scenes where Forrest famously runs
across the United States (below).

Zemeckis and Hanks knew the scene was integral to the movie
and came up with their own plan.

 

 

 

A must see: Forrest Gump's famous scene in Monument Valley | Cape Gazette     

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Tom Hanks became 64 July 9th.

Robert Zemeckis - Wikipedia
Robert Lee Zemeckis turned 68 May 14th.


 

 

 

 

posted by Bob Karm in Actors,Director,Fincncial,HISTORY,MOVIES and have No Comments