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Paper money was therefore necessary to grow the economy. ... Because of the failure to emphasize the distinction between hard money and paper money, as well as the Bank's popularity, the Second Bank of the United States was not a major issue in the 1828 elections. In fact, Biddle voted for Jackson in the election.
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The Federalists clashed frequently with Democratic-Republicans who disagreed sharply with what they regarded as a philosophy of "huge public debt, a standing army, high taxes, and government-subsidized monopolies"
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On this day in 1938, Adolf Hitler, Benito Mussolini, French Premier Edouard Daladier, and British Prime Minister Neville Chamberlain sign the Munich Pact, which seals the fate of Czechoslovakia, virtually handing it over to Germany in the name of peace. Upon return to Britain, Chamberlain would declare that the meeting had achieved “peace in our time.”
Although the agreement was to give into Hitler’s hands only the Sudentenland, that part of Czechoslovakia where 3 million ethnic Germans lived, it also handed over to the Nazi war machine 66 percent of Czechoslovakia’s coal, 70 percent of its iron and steel, and 70 percent of its electrical power. It also left the Czech nation open to complete domination by Germany. In short, the Munich Pact sacrificed the autonomy of Czechoslovakia on the altar of short-term peace-very short term. The terrorized Czech government was eventually forced to surrender the western provinces of Bohemia and Moravia (which became a protectorate of Germany) and finally Slovakia and the Carpathian Ukraine. In each of these partitioned regions, Germany set up puppet, pro-Nazi regimes that served the military and political ends of Adolf Hitler. By the time of the invasion of Poland in September 1939, the nation called “Czechoslovakia” no longer existed
