FÑvе оf thе worldâs rÑÑhеst mеn аrе аll ÑnvеstÑng Ñn....... [Logotype Halloween]( Editorâs note
At The Classy Investors, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think youâll appreciate. Dear Reader, Five of the worldâs richest men are all investing in [this tiny $4 companyâ¦]( Thatâs at the heart of an emerging trend Forbes reports is worth $130 trillion. With the assassination of President Abraham Lincoln, Andrew Johnson became the 17th President of the United States (1865-1869), an old-fashioned southern Jacksonian Democrat of pronounced statesâ rights views. With the Assassination of Lincoln, the Presidency fell upon an old-fashioned southern Jacksonian Democrat of pronounced statesâ rights views. Although an honest and honorable man, Andrew Johnson was one of the most unfortunate of Presidents. Arrayed against him were the Radical Republicans in Congress, brilliantly led and ruthless in their tactics. Johnson was no match for them. Born in Raleigh, North Carolina, in 1808, Johnson grew up in poverty. He was apprenticed to a tailor as a boy, but ran away. He opened a tailor shop in Greeneville, Tennessee, married Eliza McCardle, and participated in debates at the local academy. Entering politics, he became an adept stump speaker, championing the common man and vilifying the plantation aristocracy. As a Member of the House of Representatives and the Senate in the 1840âs and â50âs, he advocated a homestead bill to provide a free farm for the poor man. During the secession crisis, Johnson remained in the Senate even when Tennessee seceded, which made him a hero in the North and a traitor in the eyes of most Southerners. In 1862 President Lincoln appointed him Military Governor of Tennessee, and Johnson used the state as a laboratory for reconstruction. In 1864 the Republicans, contending that their National Union Party was for all loyal men, nominated Johnson, a Southerner and a Democrat, for Vice President. After Lincolnâs death, President Johnson proceeded to reconstruct the former Confederate States while Congress was not in session in 1865. He pardoned all who would take an oath of allegiance, but required leaders and men of wealth to obtain special Presidential pardons. By the time Congress met in December 1865, most southern states were reconstructed, slavery was being abolished, but âblack codesâ to regulate the freedmen were beginning to appear. Radical Republicans in Congress moved vigorously to change Johnsonâs program. They gained the support of northerners who were dismayed to see Southerners keeping many prewar leaders and imposing many prewar restrictions upon Negroes. The Radicalsâ first step was to refuse to seat any Senator or Representative from the old Confederacy. Next they passed measures dealing with the former slaves. Johnson vetoed the legislation. The Radicals mustered enough votes in Congress to pass legislation over his vetoâthe first time that Congress had overridden a President on an important bill. They passed the Civil Rights Act of 1866, which established Negroes as American citizens and forbade discrimination against them. A few months later Congress submitted to the states the Fourteenth Amendment, which specified that no state should âdeprive any person of life, liberty, or property, without due process of law.â All the former Confederate States except Tennessee refused to ratify the amendment; further, there were two bloody race riots in the South. Speaking in the Middle West, Johnson faced hostile audiences. The Radical Republicans won an overwhelming victory in Congressional elections that fall. In March 1867, the Radicals effected their own plan of Reconstruction, again placing southern states under military rule. They passed laws placing restrictions upon the President. When Johnson allegedly violated one of these, the Tenure of Office Act, by dismissing Secretary of War Edwin M. Stanton, the House voted eleven articles of impeachment against him. He was tried by the Senate in the spring of 1868 and acquitted by one vote. In 1875, Tennessee returned Johnson to the Senate. He died a few months later. The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. [Button]( The first Democrat elected after the Civil War in 1885, our 22nd and 24th President Grover Cleveland was the only President to leave the White House and return for a second term four years later (1885-1889 and 1893-1897). The First Democrat elected after the Civil War, Grover Cleveland was the only President to leave the White House and return for a second term four years later. One of nine children of a Presbyterian minister, Cleveland was born in New Jersey in 1837. He was raised in upstate New York. As a lawyer in Buffalo, he became notable for his single-minded concentration upon whatever task faced him. At 44, he emerged into a political prominence that carried him to the White House in three years. Running as a reformer, he was elected Mayor of Buffalo in 1881, and later, Governor of New York. Cleveland won the Presidency with the combined support of Democrats and reform Republicans, the âMugwumps,â who disliked the record of his opponent James G. Blaine of Maine. A bachelor, Cleveland was ill at ease at first with all the comforts of the White House. âI must go to dinner,â he wrote a friend, âbut I wish it was to eat a pickled herring a Swiss cheese and a chop at Louisâ instead of the French stuff I shall find.â In June 1886 Cleveland married 21-year-old Frances Folsom; he was the only President married in the White House. Cleveland vigorously pursued a policy barring special favors to any economic group. Vetoing a bill to appropriate $10,000 to distribute seed grain among drought-stricken farmers in Texas, he wrote: âFederal aid in such cases encourages the expectation of paternal care on the part of the Government and weakens the sturdiness of our national character. . . . â He also vetoed many private pension bills to Civil War veterans whose claims were fraudulent. When Congress, pressured by the Grand Army of the Republic, passed a bill granting pensions for disabilities not caused by military service, Cleveland vetoed it, too. He angered the railroads by ordering an investigation of western lands they held by Government grant. He forced them to return 81,000,000 acres. He also signed the Interstate Commerce Act, the first law attempting Federal regulation of the railroads. In December 1887 he called on Congress to reduce high protective tariffs. Told that he had given Republicans an effective issue for the campaign of 1888, he retorted, âWhat is the use of being elected or re-elected unless you stand for something?â But Cleveland was defeated in 1888; although he won a larger popular majority than the Republican candidate Benjamin Harrison, he received fewer electoral votes. Elected again in 1892, Cleveland faced an acute depression. He dealt directly with the Treasury crisis rather than with business failures, farm mortgage foreclosures, and unemployment. He obtained repeal of the mildly inflationary Sherman Silver Purchase Act and, with the aid of Wall Street, maintained the Treasuryâs gold reserve. When railroad strikers in Chicago violated an injunction, Cleveland sent Federal troops to enforce it. âIf it takes the entire army and navy of the United States to deliver a post card in Chicago,â he thundered, âthat card will be delivered.â Clevelandâs blunt treatment of the railroad strikers stirred the pride of many Americans. So did the vigorous way in which he forced Great Britain to accept arbitration of a disputed boundary in Venezuela. But his policies during the depression were generally unpopular. His party deserted him and nominated William Jennings Bryan in 1896. After leaving the White House, Cleveland lived in retirement in Princeton, New Jersey. He died in 1908. The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. Regards, Benjamin Harrison was the 23rd President of the United States from 1889 to 1893, elected after conducting one of the first âfront-porchâ campaigns by delivering short speeches to delegations that visited him in Indianapolis. Nominated for President on the eighth ballot at the 1888 Republican Convention, Benjamin Harrison conducted one of the first âfront-porchâ campaigns, delivering short speeches to delegations that visited him in Indianapolis. As he was only 5 feet, 6 inches tall, Democrats called him âLittle Benâ; Republicans replied that he was big enough to wear the hat of his grandfather, âOld Tippecanoe.â Born in 1833 on a farm by the Ohio River below Cincinnati, Harrison attended Miami University in Ohio and read law in Cincinnati. He moved to Indianapolis, where he practiced law and campaigned for the Republican Party. He married Caroline Lavinia Scott in 1853. After the Civil Warâhe was Colonel of the 70th Volunteer InfantryâHarrison became a pillar of Indianapolis, enhancing his reputation as a brilliant lawyer. The Democrats defeated him for Governor of Indiana in 1876 by unfairly stigmatizing him as âKid Glovesâ Harrison. In the 1880âs he served in the United States Senate, where he championed Indians. homesteaders, and Civil War veterans. In the Presidential election, Harrison received 100,000 fewer popular votes than Cleveland, but carried the Electoral College 233 to 168. Although Harrison had made no political bargains, his supporters had given innumerable pledges upon his behalf. When Boss Matt Quay of Pennsylvania heard that Harrison ascribed his narrow victory to Providence, Quay exclaimed that Harrison would never know âhow close a number of men were compelled to approach⦠the penitentiary to make him President.â Harrison was proud of the vigorous foreign policy which he helped shape. The first Pan American Congress met in Washington in 1889, establishing an information center which later became the Pan American Union. At the end of his administration Harrison submitted to the Senate a treaty to annex Hawaii; to his disappointment, President Cleveland later withdrew it. Substantial appropriation bills were signed by Harrison for internal improvements, naval expansion, and subsidies for steamship lines. For the first time except in war, Congress appropriated a billion dollars. When critics attacked âthe billion-dollar Congress,â Speaker Thomas B. Reed replied, âThis is a billion-dollar country.â President Harrison also signed the Sherman Anti-Trust Act âto protect trade and commerce against unlawful restraints and monopolies,â the first Federal act attempting to regulate trusts. The most perplexing domestic problem Harrison faced was the tariff issue. The high tariff rates in effect had created a surplus of money in the Treasury. Low-tariff advocates argued that the surplus was hurting business. Republican leaders in Congress successfully met the challenge. Representative William McKinley and Senator Nelson W. Aldrich framed a still higher tariff bill; some rates were intentionally prohibitive. Harrison tried to make the tariff more acceptable by writing in reciprocity provisions. To cope with the Treasury surplus, the tariff was removed from imported raw sugar; sugar growers within the United States were given two cents a pound bounty on their production. Long before the end of the Harrison Administration, the Treasury surplus had evaporated, and prosperity seemed about to disappear as well. Congressional elections in 1890 went stingingly against the Republicans, and party leaders decided to abandon President Harrison although he had cooperated with Congress on party legislation. Nevertheless, his party renominated him in 1892, but he was defeated by Cleveland. After he left office, Harrison returned to Indianapolis, and married the widowed Mrs. Mary Dimmick in 1896. A dignified elder statesman, he died in 1901. The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. Maria Bonaventura
Senior Managing Editor, Rogue Economics With the assassination of President William McKinley, Theodore Roosevelt, not quite 43, became the 26th and youngest President in the Nationâs history (1901-1909). He brought new excitement and power to the office, vigorously leading Congress and the American public toward progressive reforms and a strong foreign policy. With the assassination of President McKinley, Theodore Roosevelt, not quite 43, became the youngest President in the Nationâs history. He brought new excitement and power to the Presidency, as he vigorously led Congress and the American public toward progressive reforms and a strong foreign policy. He took the view that the President as a âsteward of the peopleâ should take whatever action necessary for the public good unless expressly forbidden by law or the Constitution.â I did not usurp power,â he wrote, âbut I did greatly broaden the use of executive power.â Rooseveltâs youth differed sharply from that of the log cabin Presidents. He was born in New York City in 1858 into a wealthy family, but he too struggledâagainst ill healthâand in his triumph became an advocate of the strenuous life. In 1884 his first wife, Alice Lee Roosevelt, and his mother died on the same day. Roosevelt spent much of the next two years on his ranch in the Badlands of Dakota Territory. There he mastered his sorrow as he lived in the saddle, driving cattle, hunting big gameâhe even captured an outlaw. On a visit to London, he married Edith Carow in December 1886. During the Spanish-American War, Roosevelt was lieutenant colonel of the Rough Rider Regiment, which he led on a charge at the battle of San Juan. He was one of the most conspicuous heroes of the war. Boss Tom Platt, needing a hero to draw attention away from scandals in New York State, accepted Roosevelt as the Republican candidate for Governor in 1898. Roosevelt won and served with distinction. As President, Roosevelt held the ideal that the Government should be the great arbiter of the conflicting economic forces in the Nation, especially between capital and labor, guaranteeing justice to each and dispensing favors to none. Roosevelt emerged spectacularly as a âtrust busterâ by forcing the dissolution of a great railroad combination in the Northwest. Other antitrust suits under the Sherman Act followed. Roosevelt steered the United States more actively into world politics. He liked to quote a favorite proverb, âSpeak softly and carry a big stick. . . . â Aware of the strategic need for a shortcut between the Atlantic and Pacific, Roosevelt ensured the construction of the Panama Canal. His corollary to the Monroe Doctrine prevented the establishment of foreign bases in the Caribbean and arrogated the sole right of intervention in Latin America to the United States. He won the Nobel Peace Prize for mediating the Russo-Japanese War, reached a Gentlemanâs Agreement on immigration with Japan, and sent the Great White Fleet on a goodwill tour of the world. Some of Theodore Rooseveltâs most effective achievements were in conservation. He added enormously to the national forests in the West, reserved lands for public use, and fostered great irrigation projects. He crusaded endlessly on matters big and small, exciting audiences with his high-pitched voice, jutting jaw, and pounding fist. âThe life of strenuous endeavorâ was a must for those around him, as he romped with his five younger children and led ambassadors on hikes through Rock Creek Park in Washington, D.C. Leaving the Presidency in 1909, Roosevelt went on an African safari, then jumped back into politics. In 1912 he ran for President on a Progressive ticket. To reporters he once remarked that he felt as fit as a bull moose, the name of his new party. While campaigning in Milwaukee, he was shot in the chest by a fanatic. Roosevelt soon recovered, but his words at that time would have been applicable at the time of his death in 1919: âNo man has had a happier life than I have led; a happier life in every way.â The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association.
As Americaâs 30th President (1923-1929), Calvin Coolidge demonstrated his determination to preserve the old moral and economic precepts of frugality amid the material prosperity which many Americans were enjoying during the 1920s era. At 2:30 on the morning of August 3, 1923, while visiting in Vermont, Calvin Coolidge received word that he was President. By the light of a kerosene lamp, his father, who was a notary public, administered the oath of office as Coolidge placed his hand on the family Bible. Coolidge was âdistinguished for character more than for heroic achievement,â wrote a Democratic admirer, Alfred E. Smith. âHis great task was to restore the dignity and prestige of the Presidency when it had reached the lowest ebb in our history ⦠in a time of extravagance and wasteâ¦.â Born in Plymouth, Vermont, on July 4, 1872, Coolidge was the son of a village storekeeper. He was graduated from Amherst College with honors, and entered law and politics in Northampton, Massachusetts. Slowly, methodically, he went up the political ladder from councilman in Northampton to Governor of Massachusetts, as a Republican. En route he became thoroughly conservative. As President, Coolidge demonstrated his determination to preserve the old moral and economic precepts amid the material prosperity which many Americans were enjoying. He refused to use Federal economic power to check the growing boom or to ameliorate the depressed condition of agriculture and certain industries. His first message to Congress in December 1923 called for isolation in foreign policy, and for tax cuts, economy, and limited aid to farmers. He rapidly became popular. In 1924, as the beneficiary of what was becoming known as âCoolidge prosperity,â he polled more than 54 percent of the popular vote. In his Inaugural he asserted that the country had achieved âa state of contentment seldom before seen,â and pledged himself to maintain the status quo. In subsequent years he twice vetoed farm relief bills, and killed a plan to produce cheap Federal electric power on the Tennessee River. The political genius of President Coolidge, Walter Lippmann pointed out in 1926, was his talent for effectively doing nothing: âThis active inactivity suits the mood and certain of the needs of the country admirably. It suits all the business interests which want to be let aloneâ¦. And it suits all those who have become convinced that government in this country has become dangerously complicated and top-heavyâ¦.â Coolidge was both the most negative and remote of Presidents, and the most accessible. He once explained to Bernard Baruch why he often sat silently through interviews: âWell, Baruch, many times I say only âyesâ or ânoâ to people. Even that is too much. It winds them up for twenty minutes more.â But no President was kinder in permitting himself to be photographed in Indian war bonnets or cowboy dress, and in greeting a variety of delegations to the White House. Both his dry Yankee wit and his frugality with words became legendary. His wife, Grace Goodhue Coolidge, recounted that a young woman sitting next to Coolidge at a dinner party confided to him she had bet she could get at least three words of conversation from him. Without looking at her he quietly retorted, âYou lose.â And in 1928, while vacationing in the Black Hills of South Dakota, he issued the most famous of his laconic statements, âI do not choose to run for President in 1928.â By the time the disaster of the Great Depression hit the country, Coolidge was in retirement. Before his death in January 1933, he confided to an old friend, â. . . I feel I no longer fit in with these times.â The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. [Logotype Halloween](
You received this email as a result of your consent to receive 3rd party offers at our another website. Email sent by Finance and Investing Traffic, LLC, owner and operator of The Classy Investors. The Classy Investors, its managers, its employees, and assigns (collectively âThe Companyâ) do not make any assurances about what is advertised above. To ensure you receive our emails to your inbox, be sure to [whitelist us.]( © 2022 The Classy Investors. All Rights Reserved. 16192 Coastal Hwy Lewes, DE 19958 USA [.]( Thinking about unsubscribing? We hope not! But, if you must, the link is below. [Privacy Policy]( | [Terms & Conditions]( | [Unsubscribe](
Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves. He brought hope as he promised prompt, vigorous action, and asserted in his Inaugural Address, âthe only thing we have to fear is fear itself.â Born in 1882 at Hyde Park, New Yorkânow a national historic siteâhe attended Harvard University and Columbia Law School. On St. Patrickâs Day, 1905, he married Eleanor Roosevelt. Following the example of his fifth cousin, President Theodore Roosevelt, whom he greatly admired, Franklin D. Roosevelt entered public service through politics, but as a Democrat. He won election to the New York Senate in 1910. President Wilson appointed him Assistant Secretary of the Navy, and he was the Democratic nominee for Vice President in 1920. In the summer of 1921, when he was 39, disaster hit-he was stricken with poliomyelitis. Demonstrating indomitable courage, he fought to regain the use of his legs, particularly through swimming. At the 1924 Democratic Convention he dramatically appeared on crutches to nominate Alfred E. Smith as âthe Happy Warrior.â In 1928 Roosevelt became Governor of New York. He was elected President in November 1932, to the first of four terms. By March there were 13,000,000 unemployed, and almost every bank was closed. In his first âhundred days,â he proposed, and Congress enacted, a sweeping program to bring recovery to business and agriculture, relief to the unemployed and to those in danger of losing farms and homes, and reform, especially through the establishment of the Tennessee Valley Authority. By 1935 the Nation had achieved some measure of recovery, but businessmen and bankers were turning more and more against Rooseveltâs New Deal program. They feared his experiments, were appalled because he had taken the Nation off the gold standard and allowed deficits in the budget, and disliked the concessions to labor. Roosevelt responded with a new program of reform: Social Security, heavier taxes on the wealthy, new controls over banks and public utilities, and an enormous work relief program for the unemployed. In 1936 he was re-elected by a top-heavy margin. Feeling he was armed with a popular mandate, he sought legislation to enlarge the Supreme Court, which had been invalidating key New Deal measures. Roosevelt lost the Supreme Court battle, but a revolution in constitutional law took place. Thereafter the Government could legally regulate the economy. Roosevelt had pledged the United States to the âgood neighborâ policy, transforming the Monroe Doctrine from a unilateral American manifesto into arrangements for mutual action against aggressors. He also sought through neutrality legislation to keep the United States out of the war in Europe, yet at the same time to strengthen nations threatened or attacked. When France fell and England came under siege in 1940, he began to send Great Britain all possible aid short of actual military involvement. When the Japanese attacked Pearl Harbor on December 7, 1941, Roosevelt directed organization of the Nationâs manpower and resources for global war. Feeling that the future peace of the world would depend upon relations between the United States and Russia, he devoted much thought to the planning of a United Nations, in which, he hoped, international difficulties could be settled. As the war drew to a close, Rooseveltâs health deteriorated, and on April 12, 1945, while at Warm Springs, Georgia, he died of a cerebral hemorrhage. The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association.