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History Bytez

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Finance

1961 – U.S. President Dwight D. Eisenhower delivers a televised farewell address, in which he warns against the accumulation of power by the “military–industrial complex”

17 January

The military–industrial complex, or military–industrial–congressional complex, comprises the policy and monetary relationships which exist between legislators, national armed forces, and the arms industry that supports them. Continue reading “1961 – U.S. President Dwight D. Eisenhower delivers a televised farewell address, in which he warns against the accumulation of power by the “military–industrial complex””

1412 – The Medici family is appointed official banker of the Papacy

16 January

The House of Medici was an Italian banking family, political dynasty and later royal house that first began to gather prominence under Cosimo de’ Medici in the Republic of Florence during the late 14th century. The family originated in the Mugello region of the Tuscan countryside, gradually rising until they were able to fund the Medici Bank. The bank was the largest in Europe during the 15th century, seeing the Medici gain political power in Florence — though officially they remained citizens rather than monarchs. Continue reading “1412 – The Medici family is appointed official banker of the Papacy”

1835 – The United States national debt is zero for the only time

8 January

Except for about a year during 1835–1836, the United States has continuously had a fluctuating public debt since the US Constitution legally went into effect on 4 March, 1789. Continue reading “1835 – The United States national debt is zero for the only time”

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