Institute for Advanced Study founded. This ivory tower of academia, if ever there was one, was the result of a “synchronous” act of philanthropy. The Institute was underwritten with a gift from Mr. Louis Bamberger and his sister, Mrs. Felix Fuld, under the guidance of the famous educator Abraham Flexner, who originated the concept from which the Institute took its […]
Herbert Hoover becomes the 31st president and the first president born west of the Mississippi River. Stock Market Crash – The Great Depression begins. The stock market crash throws the nation’s economic system into disorder. Roosevelt’s vigorous relief policies convince people that he is on their side. Joseph Kennedy is one of the few financiers to sense […]
Calvin Coolidge declines to run for president again. Herbert Hoover was “designated” to run for president of the United States. There was only one problem; although Herbert Hoover had been born in the United States, and was thus eligible for the office of the presidency, according to the Constitution, he had never had a business address or […]
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