It was the early morning of August 31, 1972, and Imelda Marcos, the wife of Philippine President Ferdinand Marcos, had just finished attending a mass at the Manila Cathedral. As she stepped out into the bright sunlight, a crowd of well-wishers waited to greet her, their faces beaming with admiration for the woman who was …
2025-12-23 archive
George Washington resigns as Commander-in-Chief
On December 23, 1783, a chilly winter morning in New York City, a significant moment in American history unfolded. In the aftermath of the Revolutionary War, George Washington, the commander-in-chief of the Continental Army, stood before his assembled officers to make an announcement that would be etched in the annals of time forever: he was …
Federal Reserve System established
The establishment of the Federal Reserve System on December 23, 1913, marked a significant turning point in American economic history, forever changing the way the country managed its monetary policy and banking system. The creation of this central bank was the culmination of decades-long efforts by politicians, economists, and financiers who sought to address issues …