Author: Redactor

On February 3, 1783, Spain recognized United States independence.

Walter Bagehot (pronounced “badge-it”; pictured), famed editor of The Economist and author of Lombard Street, was born on this date in 1826.

On February 2, 1887, Punxsutawney, Pennsylvania, celebrated the first Groundhog Day. On the same day in 1976, the Groundhog Day gale hit the north-eastern United States and south-eastern Canada.

In 2009, the Reserve Bank of Zimbabwe officially devalued the Zimbabwean dollar for the third and final time, making Z$1 trillion now only Z$1 of the new currency, equivalent to Z$10 septillion before the first devaluation. Politicians in Zimbabwe looked up, saw their shadow, and realized that they had only a couple months more of their inflation binge. Indeed, the legalization of trading currencies, the previous month, had sealed the fate of Zimbabwe’s independent dollar. The Zimbabwean dollar was abandoned officially on the 9th of April, 2009.

On February 1, 1835, slavery was abolished in Mauritius. Twenty-six years later, in the American Civil War, Texas seceded from the United States. On this date in 1865, President Abraham Lincoln signed a Joint Resolution from Congress formally submitting the proposed Thirteenth Amendment to the United States Constitution to the states for ratification.

This Amendment abolished chattel slavery throughout the union.

On January 29, 1761, Albert Gallatin was born. Gallatin served as the fourth United States Secretary of the Treasury — a post in which he served longer than any other in American history — advanced the anthropological and linguistic study of native Americans, and became the subject of a biography by Henry Adams. Called the “father of American ethnology,” he has been honored with a 1967 U.S. stamp as well as many place names, including the Gallatin National Forest in Montana.