The Statue of Liberty

Statue-of-Liberty

The Statue of Liberty was assembled and shipped from France as a gift to the United States of America. Construction started in July 1884 but parts did not arrive to the U.S. until June of 1885. The Statue of Liberty arrived in pieces and had to be constructed on Bedloe’s Island, United States of America which was renamed “Liberty Island” in 1956. Joseph Pulitzer, who owned the New York Times during this period announced that anybody who donated a penny or more to the project would have their name printed in the next issue of the New York Times. Thousands of people started donating to see their name listed in Pulitzer’s paper. The donations went towards the building of the base which the statue stands upon. The base was built by U.S. workers unlike the rest of the statue which was constructed by the French. One of the main engineers of the project was Gustof Eiffel, the same person who designed and built the Eiffel Tower in Paris, France. The 7 spikes on the statue’s crown represent the 7 seas and the 7 continents

German Hyperinflation

German-hyperinflation

The Treaty of Versailles forced Germany to pay reparations for causing World War I which was finally paid in full in 2010. Affected countries demanded gold, manufactured goods, and other means of back payment which collapsed the German economy. To fix this economic downturn the German government borrowed money and printed enormous amounts of currency which inevitably caused and lead to hyperinflation. In 1919, ℳ4.00 papiermarks would buy a loaf of bread, but by 1923, a loaf of bread cost ℳ650,000,000 (650 million) papiermarks. The value of money deteriorated so greatly that restrooms of establishments had to post signage asking patrons to use toilet paper instead of currency as the currency was clogging the toilets and plumbing system. The economic collapse of the German state allowed Adolf Hitler to rise to power and the depression experienced by Germany effectively guaranteed the occurrence of World War II

The Genetic Component of Poverty

poverty

Identical twins share virtually 100% of their deoxyribonucleic acid and fraternal twins share 50% of their deoxyribonucleic acid making both types of twin ideal candidates for studies involving genetics and epigenetics to screen for factors for issues like social inequality and poverty with studies designed to research if social factors are due solely to the environment or if genetics play any role. Recent studies have demonstrated that in an economic climate of poverty, genes play almost no role whatsoever, however in a financial state of middle class or higher, genes play a formidable role, and in an income bracket of the top tier of society, genes seem to play a substantial role, being one of the key primary driving factors behind most financial decisions made by a person

British Penny

British-pennies

Neither the United States of America nor Canada have ever manufactured a penny. The term “penny” is a British invention derived from the term “pence” and refers to a “coin used before 1971 which is worth one twelfth of a shilling”. When the United States seceded from Britain, they created the term “cent”, which refers to a “unit of currency which is 1% of $1.00

Coin Ridges

antique-coin

In the early age of coin currency, after coins were struck, opportunistic people would excise small pieces from the edge of the coin. After doing so over and over, these people would eventually amalgamate large quantities of silver. It was such a large problem that the British government became involved in an attempt to put an end to it. Sir Isaac Newton is credited with inventing the the ridged coin as a solution, which is why to this day coins have ridges. The British government soon after made it law that if any of the ridges were missing from any coin, the coin was no longer constituted as legal tendered currency. This solution stopped the practice of coin excision all together