Category: Today

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.

On August 11, 1972, the last of American ground combat troops exited South Vietnam.

On August 10, 1809, Ecuadorians attempted independence from Spain with the Declaration of Independence of Quito, but failed with the execution of all the conspirators a few days less than a year later.

Independence was finally achieved in 1822.

On August 9, 1942, British forces arrested Mahatma Gandhi in Bombay, spurring the Quit India Movement into nationwide action.

In 1999, Russian President Boris Yeltsin fired his Prime Minister, Sergei Stepashin, and his entire cabinet.

Francis Hutcheson, philosopher of the Scottish Enlightenment and a great influence on David Hume and Adam Smith, was born in Ireland on August 8, 1694. He died on his birthday in 1746.

Followers of Mahatma Gandhi launched the Quit India Movement against the British rule on August 8, 1942.

On the same day in 1974, President Richard M. Nixon resigned.