Category: Today

On August 21, 1831, Nat Turner led slaves and freed black Americans in a rebellion that was quickly suppressed.

On August 20, 1991, Estonia issued a decision to re-establish independence on the basis of historical continuity of the Baltic country’s pre-World War II statehood, sloughing off Soviet rule since 1940.

On August 20, 1935, Ron Paul was born. Paul is now famous for his heroic congressional record, his several presidential campaigns, and for books such as End the Fed and Liberty Defined.

On August 19, 1919, Afghanistan gained full independence from Great Britain. Earlier, British attempts to maintain an imperial presence in this region elicited an infamous essay in protest by English sociologist and anti-imperialist Herbert Spencer (pictured), “Patriotism” (Facts and Comments, 1902).

On this day in 1991, Soviet President Mikhail Gorbachev was placed under house arrest, a crucial event leading to the dissolution of the Soviet Union.

In 1999, a mass rally of Serbians demanded the resignation of Slobodon Milosevic.

On August 18, 1920, the Nineteenth Amendment to the United States Constitution was ratified, guaranteeing women’s suffrage.

On August 17, 1786, American backwoods hero and politician, David Crockett, was born. Famous as a politician, he brought personal principle and honor and a “common sense” approach in representing Tennessee in the U.S. House of Representatives. He later played a part in the Texas Revolution, dying at the Battle of the Alamo.

Crockett grew up in East Tennessee, where he gained a reputation for hunting and storytelling, which helped make him a legend in his own time. After being made a colonel in the militia of Lawrence County, Tennessee, he was elected to the Tennessee state legislature in 1821.

In 1825, Crockett was elected to the U.S. Congress, where he vehemently opposed many of the policies of President Andrew Jackson, most notably the Indian Removal Act.

Crockett wrote a number of books, including a biography of Martin Van Buren.

On August 16, 1841, U.S. President John Tyler vetoed a bill to re-establish the Second Bank of the United States. This made him deeply unpopular with his former supporters in the Whig Party — which was the party of “internal improvements” as well as an anti-Jacksonian party, and Andrew Jackson had previously set himself against central banking. It is apparent that Tyler did this because he had come to believe a central bank was unconstitutional.

We have a central bank, now, of course. It is called the Federal Reserve.

On August 15, 1281, the Mongolian fleet of Kublai Khan was destroyed by a “divine wind” for the second time in the Battle of Kōan.

On August 15 in 1971, President Richard Nixon ended convertibility of the United States dollar into gold by foreign investors. The dollar has remained fiat money ever since, but — mysteriously! — did not succeed in retaining its previous value.

But then, the dollar under the previous quasi-gold, Bretton-Woods Agreement wasn’t stable either, which is why Nixon felt compelled to close the gold window.

On August 14, 1765, Sam Adams led the first rebel mob against enforcers of the Stamp Act in Britain’s American colonies.

On this day in 1980, Lech Wałęsa led strikes at the Gdańsk, Poland, shipyards.

On August 13, 1831, Nat Turner witnessed a solar eclipse, which he interpreted as a sign from God. Eight days later he and 70 other slaves killed approximately 55 whites in Southampton County, Virginia.

On August 12, 1944, French forces under General Philippe Leclerc de Hauteclocque liberated Alençon from Nazi rule — the first city in World War II France to be rescued by the French themselves.