MONETARY HISTORY CALENDAR August 13-19

AUGUST 14

1935 – SOCIAL SECURITY ACT PASSES
Social Security, providing monetary benefits to older Americans and permanently disabled, is considered the single most important poverty fighting legislation in the history of the nation.

1989 –DEATH OF ROBERT B. ANDERSON, SECRETARY OF TREASURY UNDER PRESIDENT EISENHOWER
"We are completely dependent on the commercial banks.  Someone has to borrow every dollar we have in circulation, cash or credit.  If the banks create ample synthetic money we are prosperous; if not, we starve.  We are absolutely without a permanent money system."

AUGUST 15

1769 – BIRTH OF NAPOLEON BONAPARTE
“When a government is dependent upon banks for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financers are without patriotism and without decency; their sole object is gain.”
 
1971 – PRESIDENT NIXON CLOSES “GOLD WINDOW”
Richard Nixon issues Executive Order 11615 freezing wages and prices. Foreign-held paper dollars are no longer converted for gold, thereby nullifying the Bretton Woods Agreement.
 
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Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt?
Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice.
This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development.
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