The Panic of 1893: Boosting Bankers’ Money and Power

Junius Morgan was, at best, a third-tier English banker in the 1850s, who was fortunate to have had a hand in a number of lucrative financings, mostly for industries seeking seasonal financing. His conservative nature was partly a cause of his lack of distinction. He’d inherited a substantial sum when his father died and was exceedingly careful when risking any part of it. One of the maxims Junius instilled into his son, John Pierpont Morgan (shown at right), was, “Never under any circumstances do an action which could be called into question if known to the world.”

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"Lysenkoism" at OSU?

In the annals of politicized science, Trofim Lysenko provides a supreme example of ignorance and ignominy wedded to power. Lysenko was a two-bit horticulturist who rose to great prominence in the Soviet Union under dictator/mass murderer Joseph Stalin, becoming director of the Soviet Academy of Sciences's Institute of Genetics. Subjugating science to communist ideology and personal whim, Lysenko succeeded in outlawing biological research that was not in accord with his crackpot notions of genetics.

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Pearl Harbor: Hawaii Was Surprised; FDR Was Not

{socialbookmarker}sbtitle="Pearl Harbor: Hawaii Was Surprised" sbdescription="Pearl Harbor{/socialbookmarker}

On Sunday, December 7, 1941, Japan launched a sneak attack on the U.S. Pacific Fleet at Pearl Harbor, shattering the peace of a beautiful Hawaiian morning and leaving much of the fleet broken and burning. The destruction and death that the Japanese military visited upon Pearl Harbor that day — 18 naval vessels (including eight battleships) sunk or heavily damaged, 188 planes destroyed, over 2,000 servicemen killed — were exacerbated by the fact that American commanders in Hawaii were caught by surprise.

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The Revolution's Reactionary Radicals

When Solomon observed that there’s nothing new under the sun, he might have been speaking of politicians: Most plagiarize from their predecessors. Wage and price controls, blaming the victims rather than the authors of government’s policies, banning pleasures and fun, encouraging “virtues” that advance the State and ridiculing or even outlawing those that don’t — these tactics and more are favorites not only of modern Republicans and Democrats but of certain “Patriots” who seized power during the American Revolution.

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Daniel Webster's Infamous "Seventh of March" speech Delivered in 1850

On this day 161 years ago, famed orator Daniel Webster delivered one of the most memorable speeches of his remarkable career. Standing to address the Senate in support of the Compromise of 1850, the congressional effort led by Henry Clay and Stephen Douglas to resolve the issues propelling the United States toward a civil war, Daniel Webster delivered a three-and-a-half hour address wherein he described himself “not as a Massachusetts man, nor as a Northern man but as an American....”

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