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At times, our affiliate partners reach out to the Editors at The Classy Investors with special opportunities for our readers. The message below is one we think you should take a close, serious look at. Ð wаs dоÑng sоmе rеsеаrch⦠[And found this obscure fÑnаnÑÑаРdocument.]( John Tyler became the tenth President of the United States (1841-1845) when President William Henry Harrison died in April 1841. He was the first Vice President to succeed to the Presidency after the death of his predecessor. Dubbed âHis Accidencyâ by his detractors, John Tyler was the first Vice President to be elevated to the office of President by the death of his predecessor. Born in Virginia in 1790, he was raised believing that the Constitution must be strictly construed. He never wavered from this conviction. He attended the College of William and Mary and studied law. Serving in the House of Representatives from 1816 to 1821, Tyler voted against most nationalist legislation and opposed the Missouri Compromise. After leaving the House he served as Governor of Virginia. As a Senator he reluctantly supported Jackson for President as a choice of evils. Tyler soon joined the statesâ rights Southerners in Congress who banded with Henry Clay, Daniel Webster, and their newly formed Whig party opposing President Jackson. The Whigs nominated Tyler for Vice President in 1840, hoping for support from southern statesâ-righters who could not stomach Jacksonian Democracy. The slogan âTippecanoe and Tyler Tooâ implied flag waving nationalism plus a dash of southern sectionalism. Clay, intending to keep party leadership in his own hands, minimized his nationalist views temporarily; Webster proclaimed himself âa Jeffersonian Democrat.â But after the election, both men tried to dominate âOld Tippecanoe.â Suddenly President Harrison was dead, and âTyler tooâ was in the White House. At first the Whigs were not too disturbed, although Tyler insisted upon assuming the full powers of a duly elected President. He even delivered an Inaugural Address, but it seemed full of good Whig doctrine. Whigs, optimistic that Tyler would accept their program, soon were disillusioned. Tyler was ready to compromise on the banking question, but Clay would not budge. He would not accept Tylerâs âexchequer system,â and Tyler vetoed Clayâs bill to establish a National Bank with branches in several states. A similar bank bill was passed by Congress. But again, on statesâ rights grounds, Tyler vetoed it. In retaliation, the Whigs expelled Tyler from their party. All the Cabinet resigned but Secretary of State Webster. A year later when Tyler vetoed a tariff bill, the first impeachment resolution against a President was introduced in the House of Representatives. A committee headed by Representative John Quincy Adams reported that the President had misused the veto power, but the resolution failed. Despite their differences, President Tyler and the Whig Congress enacted much positive legislation. The âLog-Cabinâ bill enabled a settler to claim 160 acres of land before it was offered publicly for sale, and later pay $1.25 an acre for it. In 1842 Tyler did sign a tariff bill protecting northern manufacturers. The Webster-Ashburton treaty ended a Canadian boundary dispute; in 1845 Texas was annexed. The administration of this statesâ-righter strengthened the Presidency. But it also increased sectional cleavage that led toward civil war. By the end of his term, Tyler had replaced the original Whig Cabinet with southern conservatives. In 1844 Calhoun became Secretary of State. Later these men returned to the Democratic Party, committed to the preservation of statesâ rights, planter interests, and the institution of slavery. Whigs became more representative of northern business and farming interests. When the first southern states seceded in 1861, Tyler led a compromise movement; failing, he worked to create the Southern Confederacy. He died in 1862, a member of the Confederate House of Representatives. [Image]( What does it show? It proves that Amazon founder Jeff Bezos is dumping ÐÐLLÐÐNS of his own companyâs stоÑk⦠And ÑnvеstÑng аÐÐ that mоnÐµÑ Ñntо sоmеthÑng nеw⦠SоmеthÑng knоwn аs VLÐÐ. [Button]( Richard Nixon was elected the 37th President of the United States (1969-1974) after previously serving as a U.S. Representative and a U.S. Senator from California. After successfully ending American fighting in Vietnam and improving international relations with the U.S.S.R. and China, he became the only President to ever resign the office, as a result of the Watergate scandal. Reconciliation was the first goal set by President Richard M. Nixon. The Nation was painfully divided, with turbulence in the cities and war overseas. During his Presidency, Nixon succeeded in ending American fighting in Viet Nam and improving relations with the U.S.S.R. and China. But the Watergate scandal brought fresh divisions to the country and ultimately led to his resignation. His election in 1968 had climaxed a career unusual on two counts: his early success and his comeback after being defeated for President in 1960 and for Governor of California in 1962. Born in California in 1913, Nixon had a brilliant record at Whittier College and Duke University Law School before beginning the practice of law. In 1940, he married Patricia Ryan; they had two daughters, Patricia (Tricia) and Julie. During World War II, Nixon served as a Navy lieutenant commander in the Pacific. On leaving the service, he was elected to Congress from his California district. In 1950, he won a Senate seat. Two years later, General Eisenhower selected Nixon, age 39, to be his running mate. As Vice President, Nixon took on major duties in the Eisenhower Administration. Nominated for President by acclamation in 1960, he lost by a narrow margin to John F. Kennedy. In 1968, he again won his partyâs nomination, and went on to defeat Vice President Hubert H. Humphrey and third-party candidate George C. Wallace. His accomplishments while in office included revenue sharing, the end of the draft, new anticrime laws, and a broad environmental program. As he had promised, he appointed Justices of conservative philosophy to the Supreme Court. One of the most dramatic events of his first term occurred in 1969, when American astronauts made the first moon landing. Some of his most acclaimed achievements came in his quest for world stability. During visits in 1972 to Beijing and Moscow, he reduced tensions with China and the U.S.S.R. His summit meetings with Russian leader Leonid I. Brezhnev produced a treaty to limit strategic nuclear weapons. In January 1973, he announced an accord with North Viet Nam to end American involvement in Indochina. In 1974, his Secretary of State, Henry Kissinger, negotiated disengagement agreements between Israel and its opponents, Egypt and Syria. In his 1972 bid for office, Nixon defeated Democratic candidate George McGovern by one of the widest margins on record. Within a few months, his administration was embattled over the so-called âWatergateâ scandal, stemming from a break-in at the offices of the Democratic National Committee during the 1972 campaign. The break-in was traced to officials of the Committee to Re-elect the President. A number of administration officials resigned; some were later convicted of offenses connected with efforts to cover up the affair. Nixon denied any personal involvement, but the courts forced him to yield tape recordings which indicated that he had, in fact, tried to divert the investigation. As a result of unrelated scandals in Maryland, Vice President Spiro T. Agnew resigned in 1973. Nixon nominated, and Congress approved, House Minority Leader Gerald R. Ford as Vice President. Faced with what seemed almost certain impeachment, Nixon announced on August 8, 1974, that he would resign the next day to begin âthat process of healing which is so desperately needed in America.â In his last years, Nixon gained praise as an elder statesman. By the time of his death on April 22, 1994, he had written numerous books on his experiences in public life and on foreign policy. James Buchanan, the 15th President of the United States (1857-1861), served immediately prior to the American Civil War. He remains the only President to be elected from Pennsylvania and to remain a lifelong bachelor. Tall, stately, stiffly formal in the high stock he wore around his jowls, James Buchanan was the only President who never married. Presiding over a rapidly dividing Nation, Buchanan grasped inadequately the political realities of the time. Relying on constitutional doctrines to close the widening rift over slavery, he failed to understand that the North would not accept constitutional arguments which favored the South. Nor could he realize how sectionalism had realigned political parties: the Democrats split; the Whigs were destroyed, giving rise to the Republicans. Born into a well-to-do Pennsylvania family in 1791, Buchanan, a graduate of Dickinson College, was gifted as a debater and learned in the law. He was elected five times to the House of Representatives; then, after an interlude as Minister to Russia, served for a decade in the Senate. He became Polkâs Secretary of State and Pierceâs Minister to Great Britain. Service abroad helped to bring him the Democratic nomination in 1856 because it had exempted him from involvement in bitter domestic controversies. As President-elect, Buchanan thought the crisis would disappear if he maintained a sectional balance in his appointments and could persuade the people to accept constitutional law as the Supreme Court interpreted it. The Court was considering the legality of restricting slavery in the territories, and two justices hinted to Buchanan what the decision would be. Thus, in his Inaugural the President referred to the territorial question as âhappily, a matter of but little practical importanceâ since the Supreme Court was about to settle it âspeedily and finally.â Two days later Chief Justice Roger B. Taney delivered the Dred Scott decision, asserting that Congress had no constitutional power to deprive persons of their property rights in slaves in the territories. Southerners were delighted, but the decision created a furor in the North. Buchanan decided to end the troubles in Kansas by urging the admission of the territory as a slave state. Although he directed his Presidential authority to this goal, he further angered the Republicans and alienated members of his own party. Kansas remained a territory. When Republicans won a plurality in the House in 1858, every significant bill they passed fell before southern votes in the Senate or a Presidential veto. The Federal Government reached a stalemate. Sectional strife rose to such a pitch in 1860 that the Democratic Party split into northern and southern wings, each nominating its own candidate for the Presidency. Consequently, when the Republicans nominated Abraham Lincoln, it was a foregone conclusion that he would be elected even though his name appeared on no southern ballot. Rather than accept a Republican administration, the southern âfire-eatersâ advocated secession. President Buchanan, dismayed and hesitant, denied the legal right of states to secede but held that the Federal Government legally could not prevent them. He hoped for compromise, but secessionist leaders did not want compromise. Then Buchanan took a more militant tack. As several Cabinet members resigned, he appointed northerners, and sent the Star of the West to carry reinforcements to Fort Sumter. On January 9, 1861, the vessel was far away. Buchanan reverted to a policy of inactivity that continued until he left office. In March 1861 he retired to his Pennsylvania home Wheatlandâwhere he died seven years laterâleaving his successor to resolve the frightful issue facing the Nation. When Gerald R. Ford took the oath of office on August 9, 1974 as our 38th President, he declared, âI assume the Presidency under extraordinary circumstancesâ¦This is an hour of history that troubles our minds and hurts our hearts.â When Gerald R. Ford took the oath of office on August 9, 1974, he declared, âI assume the Presidency under extraordinary circumstancesâ¦. This is an hour of history that troubles our minds and hurts our hearts.â It was indeed an unprecedented time. He had been the first Vice President chosen under the terms of the Twenty-fifth Amendment and, in the aftermath of the Watergate scandal, was succeeding the first President ever to resign. Ford was confronted with almost insuperable tasks. There were the challenges of mastering inflation, reviving a depressed economy, solving chronic energy shortages, and trying to ensure world peace. The President acted to curb the trend toward Government intervention and spending as a means of solving the problems of American society and the economy. In the long run, he believed, this shift would bring a better life for all Americans. Fordâs reputation for integrity and openness had made him popular during his 25 years in Congress. From 1965 to 1973, he was House Minority Leader. Born in Omaha, Nebraska, in 1913, he grew up in Grand Rapids, Michigan. He starred on the University of Michigan football team, then went to Yale, where he served as assistant coach while earning his law degree. During World War II he attained the rank of lieutenant commander in the Navy. After the war he returned to Grand Rapids, where he began the practice of law, and entered Republican politics. A few weeks before his election to Congress in 1948, he married Elizabeth Bloomer. They have four children: Michael, John, Steven, and Susan. As President, Ford tried to calm earlier controversies by granting former President Nixon a full pardon. His nominee for Vice President, former Governor Nelson Rockefeller of New York, was the second person to fill that office by appointment. Gradually, Ford selected a cabinet of his own. Ford established his policies during his first year in office, despite opposition from a heavily Democratic Congress. His first goal was to curb inflation. Then, when recession became the Nationâs most serious domestic problem, he shifted to measures aimed at stimulating the economy. But, still fearing inflation, Ford vetoed a number of non-military appropriations bills that would have further increased the already heavy budgetary deficit. During his first 14 months as President he vetoed 39 measures. His vetoes were usually sustained. Ford continued as he had in his Congressional days to view himself as âa moderate in domestic affairs, a conservative in fiscal affairs, and a dyed-in-the-wool internationalist in foreign affairs.â A major goal was to help business operate more freely by reducing taxes upon it and easing the controls exercised by regulatory agencies. âWeâ¦declared our independence 200 years ago, and we are not about to lose it now to paper shufflers and computers,â he said. In foreign affairs Ford acted vigorously to maintain U. S. power and prestige after the collapse of Cambodia and South Viet Nam. Preventing a new war in the Middle East remained a major objective; by providing aid to both Israel and Egypt, the Ford Administration helped persuade the two countries to accept an interim truce agreement. Detente with the Soviet Union continued. President Ford and Soviet leader Leonid I. Brezhnev set new limitations upon nuclear weapons. President Ford won the Republican nomination for the Presidency in 1976, but lost the election to his Democratic opponent, former Governor Jimmy Carter of Georgia. On Inauguration Day, President Carter began his speech: âFor myself and for our Nation, I want to thank my predecessor for all he has done to heal our land.â A grateful people concurred. [logo](
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