Republican Party (United States)
The Republican Party referred to as the GOP, is one of the two major political parties in the United States. The GOP was founded in 1854 by opponents of the Kansas-Nebraska Act, which had expanded slavery into U. S. territories. The party subscribed to classical liberalism and took ideological stands that were anti-slavery and pro-economic reform. Abraham Lincoln was the first Republican president in the history of the United States; the Party was dominant over the Democrats during the Third Party System and Fourth Party System. In 1912, Theodore Roosevelt formed the Progressive Party after being rejected by the GOP and ran unsuccessfully as a third-party presidential candidate calling for social reforms. After the 1912 election, many Roosevelt supporters left the Party, the Party underwent an ideological shift to the right; the liberal Republican element in the GOP was overwhelmed by a conservative surge begun by Barry Goldwater in 1964 that continued during the Reagan Era in the 1980s. After the Civil Rights Act of 1964 and the Voting Rights Act of 1965, the party's core base shifted, with the Southern states becoming more reliably Republican in presidential politics and the Northeastern states becoming more reliably Democratic.
White voters identified with the Republican Party after the 1960s. Following the Supreme Court's 1973 decision in Roe v. Wade, the Republican Party made opposition to abortion a key plank of its national party platform and grew its support among evangelicals. By 2000, the Republican Party was aligned with Christian conservatism; the Party's core support since the 1990s comes chiefly from the South, the Great Plains, the Mountain States and rural areas in the North. The 21st century Republican Party ideology is American conservatism, which contrasts with the Democrats' liberal platform and progressive wing; the GOP supports lower taxes, free market capitalism, a strong national defense, gun rights and restrictions on labor unions. The GOP was committed to protectionism and tariffs from its founding until the 1930s when it was based in the industrial Northeast and Midwest, but has grown more supportive of free trade since 1952. In addition to advocating for conservative economic policies, the Republican Party is conservative.
Founded in the Northern states in 1854 by abolitionists, modernizers, ex-Whigs and ex-Free Soilers, the Republican Party became the principal opposition to the dominant Democratic Party and the popular Know Nothing Party. The party grew out of opposition to the Kansas–Nebraska Act, which repealed the Missouri Compromise and opened Kansas Territory and Nebraska Territory to slavery and future admission as slave states; the Northern Republicans saw the expansion of slavery as a great evil. The first public meeting of the general anti-Nebraska movement, at which the name Republican was suggested for a new anti-slavery party, was held on March 20, 1854 in a schoolhouse in Ripon, Wisconsin; the name was chosen to pay homage to Thomas Jefferson's Republican Party. The first official party convention was held on July 1854 in Jackson, Michigan. At the 1856 Republican National Convention, the party adopted a national platform emphasizing opposition to the expansion of slavery into U. S. territories. While Republican candidate John C.
Frémont lost the 1856 United States presidential election to James Buchanan, he did win 11 of the 16 northern states. The Republican Party first came to power in the elections of 1860 when it won control of both houses of Congress and its candidate, former congressman Abraham Lincoln, was elected President. In the election of 1864, it united with War Democrats to nominate Lincoln on the National Union Party ticket. Under Republican congressional leadership, the Thirteenth Amendment to the United States Constitution—which banned slavery in the United States—passed the Senate in 1864 and the House in 1865; the party's success created factionalism within the party in the 1870s. Those who felt that Reconstruction had been accomplished, was continued to promote the large-scale corruption tolerated by President Ulysses S. Grant, ran Horace Greeley for the presidency; the Stalwart faction defended Grant and the spoils system, whereas the Half-Breeds pushed for reform of the civil service. The Pendleton Civil Service Reform Act was passed in 1883.
The Republican Party supported hard money, high tariffs to promote economic growth, high wages and high profits, generous pensions for Union veterans, the annexation of Hawaii. The Republicans had strong support from pietistic Protestants, but they resisted demands for Prohibition; as the Northern postwar economy boomed with heavy and light industry, mines, fast-growing cities, prosperous agriculture, the Republicans took credit and promoted policies to sustain the fast growth. The GOP was dominant over the Democrats during the Third Party System. However, by 1890 the Republicans had agreed to the Sherman Antitrust Act and the Interstate Commerce Commission in response to complaints from owners of small businesses and farmers; the high McKinley Tariff of 1890 hurt the party and the Democrats swept to a landslide in the off-year elections defeating McKinley himself. The Democrats elected Grover Cleveland in 1884 and 1892; the election of William McKinley in 1896 was marked by a resurgence of Republican dominance that lasted until 1932.
McKinley promised that high tariffs would end the severe hardship caused by the Pa
Alfred A. Knopf
Alfred A. Knopf, Inc. is a New York publishing house, founded by Alfred A. Knopf Sr. and Blanche Knopf in 1915. Blanche and Alfred traveled abroad and were known for publishing European and Latin American writers in addition to leading American literary trends, it was acquired by Random House in 1960, acquired by Bertelsmann in 1998, is now part of the Knopf Doubleday Publishing Group. The Knopf publishing house is associated with its borzoi colophon, designed by co-founder Blanche Knopf in 1925. Knopf was founded in 1915 by Alfred A. Knopf Sr. along with Blanche Knopf, on a $5,000 advance from his father, Samuel Knopf. The first office was located in New York's Candler Building; the publishing house was incorporated in 1918, with Alfred Knopf as president, Blanche Knopf as vice president, Samuel Knopf as treasurer. From the start, Knopf focused on European translations and high-brow works of literature. Among their initial publications were French author Émile Augier's Four Plays, Russian writer Nikolai Gogol's Taras Bulba, Polish novelist Stanisław Przybyszewski's novel Homo Sapiens, French writer Guy de Maupassant's Yvette, a Novelette, Ten Other Stories.
During World War I these books were cheap to obtain and helped establish Knopf as an American firm publishing European works. Their first bestseller was a new edition of Green Mansions, a novel by W. H. Hudson which went through nine printings by 1919 and sold over 20,000 copies, their first original American novel, The Three Black Pennys by Joseph Hergesheimer, was published in 1917. With the start of the 1920s Knopf began using innovative advertising techniques to draw attention to their books and authors. Beginning in 1920, Knopf produced a chapbook, for the purpose of promoting new books; the Borzoi was published periodically over the years, the first being a hardback called the Borzoi and sometimes quarterly as the Borzoi Quarterly. For Floyd Dell's coming-of-age novel, Moon-Calf, they paid men to walk the streets of the financial and theatre districts dressed in artist costumes with sandwich boards; the placards directed interested buyers to local book shops. The unique look of their books along with their expertise in advertising their authors drew Willa Cather to leave her previous publisher Houghton Mifflin to join Alfred A. Knopf.
As she was still under contract for her novels, the Knopfs suggested publishing a collection of her short stories and the Bright Medusa in 1920. Cather was pleased with the results and the advertisement of the book in the New Republic and would go on to publish sixteen books with Knopf including their first Pulitzer prize winner, One Of Ours. Before they had married, Alfred had promised Blanche that they would be equal partners in the publishing company, but it was clear by the company's fifth anniversary that this was not to be the case. Knopf published a celebratory 5th anniversary book in which Alfred was the focus of anecdotes by authors and Blanche's name was only mentioned once to note that "Mrs. Knopf" had found a manuscript; this despite ample evidence from authors and others that Blanche was in fact the soul of the company. This was covered extensively in The Lady with the Borzoi by Laura Claridge. In 1923 Knopf started publishing periodicals, beginning with The American Mercury, founded by H. L. Mencken and George Jean Nathan, which it published through 1934.1923 marked the year that Knopf published Kahlil Gibran's the Prophet.
Knopf had published Gibran's earlier works. In its first year, the Prophet only sold 1,159 copies, it would double sales the next year and keep doubling becoming one of the firm's most successful books. In 1965 the book sold 240,000 copies. Samuel Knopf died in 1932. William A. Koshland joined the company in 1934, worked with the firm for more than fifty years, rising to take the positions of President and Chairman of the Board. Blanche became President in 1957 when Alfred became Chairman of the Board, worked for the firm until her death in 1966. Alfred Knopf retired in 1972, becoming chairman emeritus of the firm until his death in 1984. Alfred Knopf had a summer home in Purchase, New York. Following the Good Neighbor policy, Blanche Knopf visited South America in 1942, so the firm could start producing texts from there, she was one of the first publishers to visit Europe after World War II. Her trips, those of other editors, brought in new writers from Europe, South America, Asia. Alfred traveled to Brazil in 1961, which spurred a corresponding interest on his part in South America.
Penn Publishing Company was acquired in 1943. The Knopfs' son, Alfred "Pat" Jr. was hired on as trade books manager after the war. In 1952, editor Judith Jones joined Knopf as an editor. Jones discovered Anne Frank: Diary of a Young Girl in a slush pile and acquired Julia Child's Mastering the Art of French Cooking. Jones would remain with Knopf, retiring in 2011 as a senior editor and vice-president after a career that included working with John Updike and Anne Tyler. Pat Knopf left his parents' publishing company in 1959 to launch his own, Atheneum Publishers, with two other partners; the story made the front page of the New York Times. In a 1957 advertisement in the Atlantic Monthly, Alfred A. Knopf published the Borzoi Credo; the credo includes a list of what Knopf's beliefs for publishing including the statement that he never published an unworthy book. Among a list of beliefs listed is the final one--"I believe that magazines, movies and radio will never replace good books." In 1960 Random House acquired Alfred A. Knopf.
It is believed that the decision to sell was prompted by Alfred A. Knopf, Jr. leaving Knopf to found his own book company, Atheneum Bo
Utah is a state in the western United States. It became the 45th state admitted to the U. S. on January 4, 1896. Utah is the 13th-largest by area, 31st-most-populous, 10th-least-densely populated of the 50 United States. Utah has a population of more than 3 million according to the Census estimate for July 1, 2016. Urban development is concentrated in two areas: the Wasatch Front in the north-central part of the state, which contains 2.5 million people. Utah is bordered by Colorado to the east, Wyoming to the northeast, Idaho to the north, Arizona to the south, Nevada to the west, it touches a corner of New Mexico in the southeast. 62% of Utahns are reported to be members of The Church of Jesus Christ of Latter-day Saints, making Utah the only state with a majority population belonging to a single church. This influences Utahn culture and daily life; the LDS Church's world headquarters is located in Salt Lake City. The state is a center of transportation, information technology and research, government services, a major tourist destination for outdoor recreation.
In 2013, the U. S. Census Bureau estimated. St. George was the fastest-growing metropolitan area in the United States from 2000 to 2005. Utah has the 14th highest median average income and the least income inequality of any U. S. state. A 2012 Gallup national survey found Utah overall to be the "best state to live in" based on 13 forward-looking measurements including various economic and health-related outlook metrics. A common folk etymology is that the name "Utah" is derived from the name of the Ute tribe, purported to mean "people of the mountains" in the Ute language. However, the word for people in Ute is'núuchiu' while the word for mountain is'káav', offering no linguistic connection to the words'Ute' or'Utah'. According to other sources "Utah" is derived from the Apache name "yuttahih" which means "One, Higher up" or "Those that are higher up". In the Spanish language it was said as "Yuta", subsequently the English-speaking people adapted the word "Utah". Thousands of years before the arrival of European explorers, the Ancestral Puebloans and the Fremont people lived in what is now known as Utah, some of which spoke languages of the Uto-Aztecan group.
Ancestral Pueblo peoples built their homes through excavations in mountains, the Fremont people built houses of straw before disappearing from the region around the 15th century. Another group of Native Americans, the Navajo, settled in the region around the 18th century. In the mid-18th century, other Uto-Aztecan tribes, including the Goshute, the Paiute, the Shoshone, the Ute people settled in the region; these five groups were present. The southern Utah region was explored by the Spanish in 1540, led by Francisco Vásquez de Coronado, while looking for the legendary Cíbola. A group led by two Catholic priests—sometimes called the Dominguez-Escalante Expedition—left Santa Fe in 1776, hoping to find a route to the coast of California; the expedition encountered the native residents. The Spanish made further explorations in the region, but were not interested in colonizing the area because of its desert nature. In 1821, the year Mexico achieved its independence from Spain, the region became known as part of its territory of Alta California.
European trappers and fur traders explored some areas of Utah in the early 19th century from Canada and the United States. The city of Provo, Utah was named for one, Étienne Provost, who visited the area in 1825; the city of Ogden, Utah was named after Peter Skene Ogden, a Canadian explorer who traded furs in the Weber Valley. In late 1824, Jim Bridger became the first known English-speaking person to sight the Great Salt Lake. Due to the high salinity of its waters, He thought. After the discovery of the lake, hundreds of American and Canadian traders and trappers established trading posts in the region. In the 1830s, thousands of migrants traveling from the Eastern United States to the American West began to make stops in the region of the Great Salt Lake known as Lake Youta. Following the death of Joseph Smith in 1844, Brigham Young, as president of the Quorum of the Twelve, became the effective leader of the LDS Church in Nauvoo, Illinois. To address the growing conflicts between his people and their neighbors, Young agreed with Illinois Governor Thomas Ford in October 1845 that the Mormons would leave by the following year.
Young and the first band of Mormon pioneers reached the Salt Lake Valley on July 24, 1847. Over the next 22 years, more than 70,000 pioneers settled in Utah. For the first few years, Brigham Young and the thousands of early settlers of Salt Lake City struggled to survive; the arid desert land was deemed by the Mormons as desirable as a place where they could practice their religion without harassment. The Mormon settlements provided pioneers for other settlements in the West. Salt Lake City became the hub of a "far-flung commonwealth" of Mormon settlements. With new church converts coming from the East and around the world, Church leaders assigned groups of church members as missionaries to establish other settlements throughout the West, they developed irrigation to support large pioneer populations along Utah's Wasatch front. Throughout the remainder of the 19th century, Mormon pioneers established hundreds of other settlements in Utah, Id
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. Established by an Act of Congress in 1789 to manage government revenue, the Treasury prints all paper currency and mints all coins in circulation through the Bureau of Engraving and Printing and the United States Mint, respectively. S. government debt instruments. The Department is administered by the Secretary of the Treasury, a member of the Cabinet. Senior advisor to the Secretary is the Treasurer of the United States. Signatures of both officials appear on all Federal Reserve notes; the first Secretary of the Treasury was Alexander Hamilton, sworn into office on September 11, 1789. Hamilton was appointed by President George Washington on the recommendation of Robert Morris, Washington's first choice for the position, who had declined the appointment. Hamilton established—almost singlehandedly—the nation's early financial system and for several years was a major presence in Washington's administration.
His portrait appears on the obverse of the ten-dollar bill, while the Treasury Department building is depicted on the reverse. The current Secretary of the Treasury is Steven Mnuchin, confirmed by the United States Senate on February 13, 2017. Jovita Carranza, appointed on April 28, 2017, is the incumbent treasurer; the history of the Department of the Treasury began in the turmoil of the American Revolution, when the Continental Congress at Philadelphia deliberated the crucial issue of financing a war of independence against Great Britain. The Congress had no power to levy and collect taxes, nor was there a tangible basis for securing funds from foreign investors or governments; the delegates resolved to issue paper money in the form of bills of credit, promising redemption in coin on faith in the revolutionary cause. On June 22, 1775—only a few days after the Battle of Bunker Hill—Congress issued $2 million in bills. On July 29, 1775, the Second Continental Congress assigned the responsibility for the administration of the revolutionary government's finances to joint Continental treasurers George Clymer and Michael Hillegas.
The Congress stipulated. To ensure proper and efficient handling of the growing national debt in the face of weak economic and political ties between the colonies, the Congress, on February 17, 1776, designated a committee of five to superintend the Treasury, settle accounts, report periodically to the Congress. On April 1, a Treasury Office of Accounts, consisting of an Auditor General and clerks, was established to facilitate the settlement of claims and to keep the public accounts for the government of the United Colonies. With the signing of the Declaration of Independence on July 4, 1776, the newborn republic as a sovereign nation was able to secure loans from abroad. Despite the infusion of foreign and domestic loans, the united colonies were unable to establish a well-organized agency for financial administration. Michael Hillegas was first called Treasurer of the United States on May 14, 1777; the Treasury Office was reorganized three times between 1778 and 1781. The $241.5 million in paper Continental bills devalued rapidly.
By May 1781, the dollar collapsed at a rate of from 500 to 1000 to 1 against hard currency. Protests against the worthless money swept the colonies, giving rise to the expression "not worth a Continental". Robert Morris was designated Superintendent of Finance in 1781 and restored stability to the nation's finances. Morris, a wealthy colonial merchant, was nicknamed "the Financier" because of his reputation for procuring funds or goods on a moment's notice, his staff included a comptroller, a treasurer, a register, auditors, who managed the country's finances through 1784, when Morris resigned because of ill health. The treasury board, consisting of three commissioners, continued to oversee the finances of the confederation of former colonies until September 1789; the First Congress of the United States was called to convene in New York on March 4, 1789, marking the beginning of government under the Constitution. On September 2, 1789, Congress created a permanent institution for the management of government finances:Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there shall be a Department of Treasury, in which shall be the following officers, namely: a Secretary of the Treasury, to be deemed head of the department.
Alexander Hamilton took the oath of office as the first Secretary of the Treasury on September 11, 1789. Hamilton had served as George Washington's aide-de-camp during the Revolution and was of great importance in the ratification of the Constitution; because of his financial and managerial acumen, Hamilton was a logical choice for solving the problem of the new nation's heavy war debt. Hamilton's first official act was to submit a report to Congress in which he laid the foundation for the nation's financial health. To the surprise of many legislators, he insisted upon federal assumption and dollar-for-dollar repayment of the country's $75 million debt in order to revitalize the public credit: "he debt of the United States was the price of liberty; the faith of America has been pledged for it, with solemnities that give peculiar force to the obligation." Hami
Rhode Island the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound, it shares a small maritime border with New York. Providence is most populous city in Rhode Island. On May 4, 1776, the Colony of Rhode Island was the first of the Thirteen Colonies to renounce its allegiance to the British Crown, it was the fourth among the newly independent states to ratify the Articles of Confederation on February 9, 1778; the state boycotted the 1787 convention which drew up the United States Constitution and refused to ratify it. Rhode Island's official nickname is "The Ocean State", a reference to the large bays and inlets that amount to about 14 percent of its total area.
Despite its name, most of Rhode Island is located on the mainland of the United States. Its official name is State of Rhode Island and Providence Plantations, derived from the merger of four Colonial settlements; the settlements of Newport and Portsmouth were situated on what is called Aquidneck Island today, but it was called Rhode Island in Colonial times. Providence Plantation was the name of the colony founded by Roger Williams in the area now known as the city of Providence; this was adjoined by the settlement of Warwick. It is unclear how the island came to be named Rhode Island, but two historical events may have been of influence: Explorer Giovanni da Verrazzano noted the presence of an island near the mouth of Narragansett Bay in 1524 which he likened to the island of Rhodes. Subsequent European explorers were unable to identify the island that Verrazzano had named, but the Pilgrims who colonized the area assumed that it was this island. Adriaen Block passed by the island during his expeditions in the 1610s, he described it in a 1625 account of his travels as "an island of reddish appearance,", "een rodlich Eylande" in 17th-century Dutch, one popular notion is that this Dutch phrase might have influenced the name Rhode Island.
The earliest documented use of the name "Rhode Island" for Aquidneck was in 1637 by Roger Williams. The name was applied to the island in 1644 with these words: "Aquethneck shall be henceforth called the Isle of Rodes or Rhode-Island." The name "Isle of Rodes" is used in a legal document as late as 1646. Dutch maps as early as 1659 call the island "Red Island". Roger Williams was a theologian, forced out of the Massachusetts Bay Colony, seeking religious and political tolerance, he and others founded Providence Plantation as a free proprietary colony. "Providence" referred to the concept of divine providence, "plantation" was an English term for a colony. "State of Rhode Island and Providence Plantations" is the longest official name of any state in the Union. In recent years, the word plantation in the state's name became a contested issue, the Rhode Island General Assembly voted on June 25, 2009 to hold a general referendum determining whether "and Providence Plantations" would be dropped from the official name.
Advocates for excising plantation claimed that the word symbolized an alleged legacy of disenfranchisement for many Rhode Islanders, as well as the proliferation of slavery in the colonies and in the post-colonial United States. Rhode Island abolished slavery in 1652, but the law was not enforced and, by the early 18th century, it was "the epicenter of the North American slave trade", according to the Brown Daily Herald. Advocates for retaining the name argued that plantation was an archaic synonym for colony and bore no relation to slavery; the referendum election was held on November 2, 2010, the people voted overwhelmingly to retain the entire original name. In 1636, Roger Williams was banished from the Massachusetts Bay Colony for his religious views, he settled at the top of Narragansett Bay on land sold or given to him by Narragansett sachem Canonicus, he named the site Providence Plantations, "having a sense of God's merciful providence unto me in my distress", it became a place of religious freedom where all were welcome.
In 1638, Anne Hutchinson, William Coddington, John Clarke, Philip Sherman, other religious dissenters settled on Aquidneck Island, purchased from the local tribes who called it Pocasset. This settlement was governed by the Portsmouth Compact; the southern part of the island became the separate settlement of Newport after disagreements among the founders. Samuel Gorton purchased lands at Shawomet in 1642 from the Narragansetts, precipitating a dispute with the Massachusetts Bay Colony. In 1644, Providence and Newport united for their common independence as the Colony of Rhode Island and Providence Plantations, governed by an elected council and "president". Gorton received a separate charter for his settlement in 1648 which he named Warwick after his patron. Brown University was founded in 1764 as the College in the English Colony of Rhode Island and Providence Plantations, it was one of nine Colonial colleges granted charters before the American Revolution, but was the first college in America to accept students regardless of religious affilia
Thomas B. McCabe
Thomas Bayard McCabe was president and chief executive officer of Scott Paper Company for 39 years. McCabe held several important government offices during the administrations of Franklin D. Roosevelt and Harry S. Truman. Most notably, he was appointed by President Truman to serve as Chairman of the Board of Governors of the Federal Reserve in the years following World War II; the youngest of five children, Thomas Bayard McCabe was born on July 11, 1893 to William Robbins McCabe and Beulah Whaley in Whaleyville, Maryland. According to family records, his paternal ancestors were early pioneers of Selbyville, dating as far back as the late 1700s. By 1837, Thomas's great-great-great grandfather, Arthur McCabe, owned what was all of Selbyville, his grandfather, William S. McCabe was involved in the local mercantile business for over 50 years; when McCabe's father came of age, the firm William S. McCabe & Son was formed and became one of the leading business firms in Sussex County, Delaware, his father founded and served as the first president of the Selbyville Bank as well as a banking and insurance commissioner for the State of Delaware in the early 20th century.
He was an early advocate of the Federal Reserve System. Family records state that several generations of McCabe's mother's maternal and paternal ancestors were early settlers of Maryland and Delaware, on the Delmarva Peninsula, he was awarded the Vermilye Medal in 1963, given to individuals who have leadership in business and industry in the industries of science and technology. McCabe attended preparatory school at Wilmington Conference Academy in Dover, from 1907-1910. Following graduation from WCA, he entered Swarthmore College, where he studied Economics, graduating in 1915 with an Associate bachelor's degree. While attending Swarthmore, he joined the fraternity Delta Upsilon, as well as the Book & Key secret society. In addition, he held honorary doctoral degrees from 15 colleges and universities In 1916 McCabe joined Scott Paper as a $15-a-week salesman when he was 23 years old. Scott Paper was a small one-mill paper company. In 1917, McCabe left Scott temporarily to serve in World War I.
He enlisted as a private and advanced to captain by 1919. McCabe returned to civilian life and to the Scott Paper Company at the age of 26, he advanced moving up from assistant sales manager to become the president and CEO by age 34. By the late 1940s, McCabe was described as having shown "an advanced and enlightened policy that made the company a recognized standard for modern manufacturing and sales operations", he introduced music into the mill during working hours, stock purchase plans. McCabe transformed Scott Paper from a 500-person paper mill company in Chester, into a multinational concern with over 60 manufacturing plants throughout the world employing over 40,000 people. By the time he retired from the company's board in 1980, Scott Paper had become a $2 billion operation. In 1937, McCabe joined the Federal Reserve Bank of Philadelphia as a class C director, followed by his appointment as chairman of that Reserve Bank’s board of directors in 1939. During his tenure the institution took an active role in local affairs as part of the national system.
McCabe leaned toward decentralization and away from the centralized philosophy that marked the federal government during the previous 15 years. His philosophy was in a strong local government, he felt. McCabe called for cooperation between management and government as it means to combat inflation, he urged a cut in the federal debt as a step that should precede tax reduction, he leaned toward a policy of credit contraction and saving as primary means of curtailing the inflation spiral. He was intensely interested in extending aid to foreign nations, being administered by one man who would report directly to the President. McCabe thought that the unification of American and French commands in Europe were necessary to rehabilitate Europe after World War II. During World War II, McCabe took leave from Scott and worked for the Franklin D. Roosevelt administration. In 1941–42 he served as deputy administrator of the Lend-Lease program. During 1944–45 he served as deputy director of the division of priorities of the Office of Production Management known as the War Production Board.
He became commissioner of Army-Navy liquidation in 1945. In 1946, he was awarded the Medal for the highest civilian honor at the time. In 1948, two years after McCabe had returned to Scott, President Harry Truman appointed him to be the 8th Chairman of the Federal Reserve Board of Governors, he served from April 15, 1948 – March 31, 1951. McCabe took another leave of absence from Scott to serve in this position; as Fed chairman, McCabe supported a independent Federal Reserve System. When a dispute arose between the Federal Reserve and the US Treasury over interest rate policy and credit restraint in 1949–50, McCabe participated in the committee Truman created to hammer out a compromise; the agreement, known as the Treasury-Fed Accord known as the 1951 Accord was reached on March 3, 1951. His leadership was instrumental in establishing a firm opposition to the restrictive rate pegging policies that were being imposed on the Fed by the Treasury; the accord laid the foundations for the monetary policy.
After resigning from the Board, McCabe returned to the private sector. In 1942 Thomas McCab
Franklin D. Roosevelt
Franklin Delano Roosevelt referred to by his initials FDR, was an American statesman and political leader who served as the 32nd president of the United States from 1933 until his death in 1945. A Democrat, he won a record four presidential elections and became a central figure in world events during the first half of the 20th century. Roosevelt directed the federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U. S. history. As a dominant leader of his party, he built the New Deal Coalition, which realigned American politics into the Fifth Party System and defined American liberalism throughout the middle third of the 20th century, his third and fourth terms were dominated by World War II. Roosevelt is considered to be one of the most important figures in American history, as well as among the most influential figures of the 20th century. Though he has been subject to much criticism, he is rated by scholars as one of the three greatest U.
S. presidents, along with George Washington and Abraham Lincoln. Roosevelt was born in Hyde Park, New York, to a Dutch American family made well known by Theodore Roosevelt, the 26th president of the United States and William Henry Aspinwall. FDR attended Groton School, Harvard College, Columbia Law School, went on to practice law in New York City. In 1905, he married his fifth cousin once removed, Eleanor Roosevelt, they had six children. He won election to the New York State Senate in 1910, served as Assistant Secretary of the Navy under President Woodrow Wilson during World War I. Roosevelt was James M. Cox's running mate on the Democratic Party's 1920 national ticket, but Cox was defeated by Warren G. Harding. In 1921, Roosevelt contracted a paralytic illness, believed at the time to be polio, his legs became permanently paralyzed. While attempting to recover from his condition, Roosevelt founded the treatment center in Warm Springs, for people with poliomyelitis. In spite of being unable to walk unaided, Roosevelt returned to public office by winning election as Governor of New York in 1928.
He was in office from 1929 to 1933 and served as a reform Governor, promoting programs to combat the economic crisis besetting the United States at the time. In the 1932 presidential election, Roosevelt defeated Republican President Herbert Hoover in a landslide. Roosevelt took office while the United States was in the midst of the Great Depression, the worst economic crisis in the country's history. During the first 100 days of the 73rd United States Congress, Roosevelt spearheaded unprecedented federal legislation and issued a profusion of executive orders that instituted the New Deal—a variety of programs designed to produce relief and reform, he created numerous programs to provide relief to the unemployed and farmers while seeking economic recovery with the National Recovery Administration and other programs. He instituted major regulatory reforms related to finance and labor, presided over the end of Prohibition, he harnessed radio to speak directly to the American people, giving 30 "fireside chat" radio addresses during his presidency and becoming the first American president to be televised.
The economy having improved from 1933 to 1936, Roosevelt won a landslide reelection in 1936. However, the economy relapsed into a deep recession in 1937 and 1938. After the 1936 election, Roosevelt sought passage of the Judiciary Reorganization Bill of 1937, which would have expanded the size of the Supreme Court of the United States; the bipartisan Conservative Coalition that formed in 1937 prevented passage of the bill and blocked the implementation of further New Deal programs and reforms. Major surviving programs and legislation implemented under Roosevelt include the Securities and Exchange Commission, the National Labor Relations Act, the Federal Deposit Insurance Corporation, Social Security. Roosevelt ran for reelection in 1940, his victory made him the only U. S. President to serve for more than two terms. With World War II looming after 1938, Roosevelt gave strong diplomatic and financial support to China as well as the United Kingdom and the Soviet Union while the U. S. remained neutral.
Following the Japanese attack on Pearl Harbor on December 7, 1941, an event he famously called "a date which will live in infamy", Roosevelt obtained a declaration of war on Japan the next day, a few days on Germany and Italy. Assisted by his top aide Harry Hopkins and with strong national support, he worked with British Prime Minister Winston Churchill, Soviet leader Joseph Stalin and Chinese Generalissimo Chiang Kai-shek in leading the Allied Powers against the Axis Powers. Roosevelt supervised the mobilization of the U. S. economy to support the war effort and implemented a Europe first strategy, making the defeat of Germany a priority over that of Japan. He initiated the development of the world's first atomic bomb and worked with the other Allied leaders to lay the groundwork for the United Nations and other post-war institutions. Roosevelt won reelection in 1944 but with his physical health declining during the war years, he died in April 1945, just 11 weeks into his fourth term; the Axis Powers surrendered to the Allies in the months following Roosevelt's death, during the presidency of Roosevelt's successor, Harry S. Truman.
Franklin Delano Roosevelt was born on January 30, 1882, in the Hudson Valley town of Hyde Park, New York, to businessman James Roosevelt I and his second wife, Sara Ann Delano. Roosevelt's parents, who were sixth cousins, both came from wealthy old New York families, the Roosevelts, the Aspinwalls and the Delanos, respectively. Roo