When did William C. Durant found the General Motors Corporation?
William C. Durant found the General Motors Corporation in 1908, in Flint, Michigan.
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Has the U.S national debt ever been fully paid off?
Only once has the U.S. national debt been fully paid off, in 1835 and 1836, during the presidency of Andrew Jackson. This was the only time any modern nation has eliminated its national debt.
How long did the Berlin Airlift last in 1948?
The Berlin Airlift lasted for ten months in 1948 and 1949. 1,000 planes of the Western powers flew food, fuel, and other necessities to the two million civilians in West Berlin, then under a Soviet blockade.
When was the Socialist Party of America founded?
The Socialist Party of America was born in 1901 under the leadership of Eugene V. Debs. Instead of emphasizing state control of the economy, it advocated worker-protection laws, many of which later came to be enacted. Among the party’s goals were the reduction of hours in the workday, nationalization of railroads, and the creation of…
Who coined the term “conspicuous consumption”?
Thorstein Veblen coined the term “conspicuous consumption” in The Theory of the Leisure Class (1899). Veblen used the term to excoriate Americans who spent lavishly in trying to impress others with their wealth.
In what period did the American Communist party reach its peak membership?
The American Communist party was never so popular as during World War II, when the United States and the Soviet Union were allies. Founded soon after the Bolshevik Revolution of 1917, the party reached a peak membership of about 100,000 during World War II. Afterward, Cold War repression made it unsafe to stay in the…
When did U.S. political parties first develop party platforms at their nominating conventions?
The first party platform was negotiated by the Democratic Party for the 1840 election.