Jun 14, 1777: Congress adopts the Stars and Stripes - Flag Day

Gee ya think maybe if they added one or two more stripes we'd be better off?  i mean Thirteen is unlucky isn't it?  Nothing to trade here, just good ol' fashioned historical trivia.

During the American Revolution, the Continental Congress adopts a resolution stating that "the flag of the United States be thirteen alternate stripes red and white" and that "the Union be thirteen stars, white in a blue field, representing a new Constellation." The national flag, which became known as the "Stars and Stripes," was based on the "Grand Union" flag, a banner carried by the Continental Army in 1776 that also consisted of 13 red and white stripes. According to legend, Philadelphia seamstress Betsy Ross designed the new canton for the Stars and Stripes, which consisted of a circle of 13 stars and a blue background, at the request of General George Washington. Historians have been unable to conclusively prove or disprove this legend.




With the entrance of new states into the United States after independence, new stripes and stars were added to represent new additions to the Union. In 1818, however, Congress enacted a law stipulating that the 13 original stripes be restored and that only stars be added to represent new states.



On June 14, 1877, the first Flag Day observance was held on the 100th anniversary of the adoption of the Stars and Stripes. As instructed by Congress, the U.S. flag was flown from all public buildings across the country. In the years after the first Flag Day, several states continued to observe the anniversary, and in 1949 Congress officially designated June 14 as Flag Day, a national day of observance.

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This Day and Week In History

This Week in History, Jun 6 - Jun 12

1. Jun 06, 1944 D-Day
2. Jun 07, 1913 First successful ascent of Mt. McKinley
3. Jun 08, 1968 King assassination suspect arrested
4. Jun 09, 1973 Secretariat wins Triple Crown
5. Jun 10, 1752 Franklin flies kite during thunderstorm
6. Jun 11, 1979 John Wayne dies
7. Jun 12, 1987 Reagan challenges Gorbachev.

Although the term D-Day is used routinely as military lingo for the day an operation or event will take place, for many it is also synonymous with June 6, 1944, the day the Allied powers crossed the English Channel and landed on the beaches of Normandy, France, beginning the liberation of Western Europe from Nazi control during World War II. Within three months, the northern part of France would be freed and the invasion force would be preparing to enter Germany, where they would meet up with Soviet forces moving in from the east.




With Hitler's armies in control of most of mainland Europe, the Allies knew that a successful invasion of the continent was central to winning the war. Hitler knew this too, and was expecting an assault on northwestern Europe in the spring of 1944. He hoped to repel the Allies from the coast with a strong counterattack that would delay future invasion attempts, giving him time to throw the majority of his forces into defeating the Soviet Union in the east. Once that was accomplished, he believed an all-out victory would soon be his.



On the morning of June 5, 1944, U.S. General Dwight D. Eisenhower, the supreme commander of Allied forces in Europe gave the go-ahead for Operation Overlord, the largest amphibious military operation in history. On his orders, 6,000 landing craft, ships and other vessels carrying 176,000 troops began to leave England for the trip to France. That night, 822 aircraft filled with parachutists headed for drop zones in Normandy. An additional 13,000 aircraft were mobilized to provide air cover and support for the invasion.



By dawn on June 6, 18,000 parachutists were already on the ground; the land invasions began at 6:30 a.m. The British and Canadians overcame light opposition to capture Gold, Juno and Sword beaches; so did the Americans at Utah. The task was much tougher at Omaha beach, however, where 2,000 troops were lost and it was only through the tenacity and quick-wittedness of troops on the ground that the objective was achieved. By day's end, 155,000 Allied troops--Americans, British and Canadians--had successfully stormed Normandy’s beaches.



For their part, the Germans suffered from confusion in the ranks and the absence of celebrated commander Field Marshal Erwin Rommel, who was away on leave. At first, Hitler, believing that the invasion was a feint designed to distract the Germans from a coming attack north of the Seine River, refused to release nearby divisions to join the counterattack and reinforcements had to be called from further afield, causing delays. He also hesitated in calling for armored divisions to help in the defense. In addition, the Germans were hampered by effective Allied air support, which took out many key bridges and forced the Germans to take long detours, as well as efficient Allied naval support, which helped protect advancing Allied troops.



Though it did not go off exactly as planned, as later claimed by British Field Marshal Bernard Montgomery--for example, the Allies were able to land only fractions of the supplies and vehicles they had intended in France--D-Day was a decided success. By the end of June, the Allies had 850,000 men and 150,000 vehicles in Normandy and were poised to continue their march across Europe.



The heroism and bravery displayed by troops from the Allied countries on D-Day has served as inspiration for several films, most famously The Longest Day (1962) and Saving Private Ryan (1998). It was also depicted in the HBO mini-series Band of Brothers (2001).

GBUS

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FDR takes United States off gold standard - June 5th 1933

On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.




Soon after taking office in March 1933, Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.



On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve's balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.



The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion.

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