Saturday, June 22, 2013

This Day in History: June 22nd

This Day in History: The Continental Congress presses its luck and issues $2 million in "bills of credit" to help finance the growing war effort, the notes being called "Continentals" due to their lack of any tie to the British Crown across the sea, 1775; Napoleon abdicates his throne for the second and last time and is banished from the French Empire to a remote island in the Mediterranean, 1815; Joe Louis becomes heavyweight champion of the world, a title he will retain for 12 years and defend successfuly 25 times, winning 21 times with knockouts that made him one of the greatest boxers of all time, 1937; FDR signs the G.I. Bill which will help rebiuld America after the end of World War II and the previous devastating Great Depression, allowing soldiers, sailors, airmen and Marines to get low cost loans and go to college, earning degrees and learning skills with which to build their own lives and enjoy the American Dream, 1944

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