ÐmеrgÑng trеnd Fоrbеs rеÑоrts Ñs wоrth Ö130 trÑÐÐÑon.... [logo]( Editorâs note
Sometimes, colleagues of The Classy Investors share special offers with us that we think our readers should be made aware of. Below is one such special opportunity that we believe deserves your attention. Dеаr Rеаdеr, FÑvе оf thе wоrÐdâs rÑÑhеst mеn аrе аÐÐ ÑnvеstÑng Ñn [thÑs tÑnÑ Ö4 ÑоmÑаnÑâ¦]( Richard Nixon was elected the 37th President of the United States (1969-1974) after previously serving as a U.S. Representative and a U.S. Senator from California. After successfully ending American fighting in Vietnam and improving international relations with the U.S.S.R. and China, he became the only President to ever resign the office, as a result of the Watergate scandal. Reconciliation was the first goal set by President Richard M. Nixon. The Nation was painfully divided, with turbulence in the cities and war overseas. During his Presidency, Nixon succeeded in ending American fighting in Viet Nam and improving relations with the U.S.S.R. and China. But the Watergate scandal brought fresh divisions to the country and ultimately led to his resignation. His election in 1968 had climaxed a career unusual on two counts: his early success and his comeback after being defeated for President in 1960 and for Governor of California in 1962. Born in California in 1913, Nixon had a brilliant record at Whittier College and Duke University Law School before beginning the practice of law. In 1940, he married Patricia Ryan; they had two daughters, Patricia (Tricia) and Julie. During World War II, Nixon served as a Navy lieutenant commander in the Pacific. On leaving the service, he was elected to Congress from his California district. In 1950, he won a Senate seat. Two years later, General Eisenhower selected Nixon, age 39, to be his running mate. As Vice President, Nixon took on major duties in the Eisenhower Administration. Nominated for President by acclamation in 1960, he lost by a narrow margin to John F. Kennedy. In 1968, he again won his partyâs nomination, and went on to defeat Vice President Hubert H. Humphrey and third-party candidate George C. Wallace. His accomplishments while in office included revenue sharing, the end of the draft, new anticrime laws, and a broad environmental program. As he had promised, he appointed Justices of conservative philosophy to the Supreme Court. One of the most dramatic events of his first term occurred in 1969, when American astronauts made the first moon landing. Some of his most acclaimed achievements came in his quest for world stability. During visits in 1972 to Beijing and Moscow, he reduced tensions with China and the U.S.S.R. His summit meetings with Russian leader Leonid I. Brezhnev produced a treaty to limit strategic nuclear weapons. In January 1973, he announced an accord with North Viet Nam to end American involvement in Indochina. In 1974, his Secretary of State, Henry Kissinger, negotiated disengagement agreements between Israel and its opponents, Egypt and Syria. In his 1972 bid for office, Nixon defeated Democratic candidate George McGovern by one of the widest margins on record. Within a few months, his administration was embattled over the so-called âWatergateâ scandal, stemming from a break-in at the offices of the Democratic National Committee during the 1972 campaign. The break-in was traced to officials of the Committee to Re-elect the President. A number of administration officials resigned; some were later convicted of offenses connected with efforts to cover up the affair. Nixon denied any personal involvement, but the courts forced him to yield tape recordings which indicated that he had, in fact, tried to divert the investigation. As a result of unrelated scandals in Maryland, Vice President Spiro T. Agnew resigned in 1973. Nixon nominated, and Congress approved, House Minority Leader Gerald R. Ford as Vice President. Faced with what seemed almost certain impeachment, Nixon announced on August 8, 1974, that he would resign the next day to begin âthat process of healing which is so desperately needed in America.â In his last years, Nixon gained praise as an elder statesman. By the time of his death on April 22, 1994, he had written numerous books on his experiences in public life and on foreign policy. Тhаtâs аt thе hеаrt оf аn еmеrgÑng trеnd Fоrbеs rеÑоrts Ñs wоrth Ö130 trÑÐÐÑon. [Button]( Rеgаrds, Before serving as Americaâs 31st President from 1929 to 1933, Herbert Hoover had achieved international success as a mining engineer and worldwide gratitude as âThe Great Humanitarianâ who fed war-torn Europe during and after World War I. Son of a Quaker blacksmith, Herbert Clark Hoover brought to the Presidency an unparalleled reputation for public service as an engineer, administrator, and humanitarian. Born in an Iowa village in 1874, he grew up in Oregon. He enrolled at Stanford University when it opened in 1891, graduating as a mining engineer. He married his Stanford sweetheart, Lou Henry, and they went to China, where he worked for a private corporation as Chinaâs leading engineer. In June 1900 the Boxer Rebellion caught the Hoovers in Tientsin. For almost a month the settlement was under heavy fire. While his wife worked in the hospitals, Hoover directed the building of barricades, and once risked his life rescuing Chinese children. One week before Hoover celebrated his 40th birthday in London, Germany declared war on France, and the American Consul General asked his help in getting stranded tourists home. In six weeks his committee helped 120,000 Americans return to the United States. Next Hoover turned to a far more difficult task, to feed Belgium, which had been overrun by the German army. After the United States entered the war, President Wilson appointed Hoover head of the Food Administration. He succeeded in cutting consumption of foods needed overseas and avoided rationing at home, yet kept the Allies fed. After the Armistice, Hoover, a member of the Supreme Economic Council and head of the American Relief Administration, organized shipments of food for starving millions in central Europe. He extended aid to famine-stricken Soviet Russia in 1921. When a critic inquired if he was not thus helping Bolshevism, Hoover retorted, âTwenty million people are starving. Whatever their politics, they shall be fed!â After capably serving as Secretary of Commerce under Presidents Harding and Coolidge, Hoover became the Republican Presidential nominee in 1928. He said then: âWe in America today are nearer to the final triumph over poverty than ever before in the history of any land.â His election seemed to ensure prosperity. Yet within months the stock market crashed, and the Nation spiraled downward into depression. After the crash Hoover announced that while he would keep the Federal budget balanced, he would cut taxes and expand public works spending. In 1931 repercussions from Europe deepened the crisis, even though the President presented to Congress a program asking for creation of the Reconstruction Finance Corporation to aid business, additional help for farmers facing mortgage foreclosures, banking reform, a loan to states for feeding the unemployed, expansion of public works, and drastic governmental economy. At the same time he reiterated his view that while people must not suffer from hunger and cold, caring for them must be primarily a local and voluntary responsibility. His opponents in Congress, who he felt were sabotaging his program for their own political gain, unfairly painted him as a callous and cruel President. Hoover became the scapegoat for the Depression and was badly defeated in 1932. In the 1930âs he became a powerful critic of the New Deal, warning against tendencies toward statism. In 1947 President Truman appointed Hoover to a commission, which elected him chairman, to reorganize the Executive Departments. He was appointed chairman of a similar commission by President Eisenhower in 1953. Many economies resulted from both commissionsâ recommendations. Over the years, Hoover wrote many articles and books, one of which he was working on when he died at 90 in New York City on October 20, 1964. ÐаrÑа Ðоnаvеnturа
SеnÑоr ÐаnаgÑng ÐdÑtor, Rogue ÐÑоnomÑÑs During his few weeks as Vice President, Harry Truman scarcely saw President Franklin Roosevelt, and received no briefing on the development of the atomic bomb or the unfolding difficulties with Soviet Russia. Suddenly these and a host of other wartime problems became Trumanâs to solve when, on April 12, 1945, he became Americaâs 33rd President. During his few weeks as Vice President, Harry S. Truman scarcely saw President Roosevelt, and received no briefing on the development of the atomic bomb or the unfolding difficulties with Soviet Russia. Suddenly these and a host of other wartime problems became Trumanâs to solve when, on April 12, 1945, he became President. He told reporters, âI felt like the moon, the stars, and all the planets had fallen on me.â Truman was born in Lamar, Missouri, in 1884. He grew up in Independence, and for 12 years prospered as a Missouri farmer. He went to France during World War I as a captain in the Field Artillery. Returning, he married Elizabeth Virginia Wallace, and opened a haberdashery in Kansas City. Active in the Democratic Party, Truman was elected a judge of the Jackson County Court (an administrative position) in 1922. He became a Senator in 1934. During World War II he headed the Senate war investigating committee, checking into waste and corruption and saving perhaps as much as 15 billion dollars. As President, Truman made some of the most crucial decisions in history. Soon after V-E Day, the war against Japan had reached its final stage. An urgent plea to Japan to surrender was rejected. Truman, after consultations with his advisers, ordered atomic bombs dropped on cities devoted to war work. Two were Hiroshima and Nagasaki. Japanese surrender quickly followed. In June 1945 Truman witnessed the signing of the charter of the United Nations, hopefully established to preserve peace. Thus far, he had followed his predecessorâs policies, but he soon developed his own. He presented to Congress a 21-point program, proposing the expansion of Social Security, a full-employment program, a permanent Fair Employment Practices Act, and public housing and slum clearance. The program, Truman wrote, âsymbolizes for me my assumption of the office of President in my own right.â It became known as the Fair Deal. Dangers and crises marked the foreign scene as Truman campaigned successfully in 1948. In foreign affairs he was already providing his most effective leadership. In 1947 as the Soviet Union pressured Turkey and, through guerrillas, threatened to take over Greece, he asked Congress to aid the two countries, enunciating the program that bears his nameâthe Truman Doctrine. The Marshall Plan, named for his Secretary of State, stimulated spectacular economic recovery in war-torn western Europe. When the Russians blockaded the western sectors of Berlin in 1948, Truman created a massive airlift to supply Berliners until the Russians backed down. Meanwhile, he was negotiating a military alliance to protect Western nations, the North Atlantic Treaty Organization, established in 1949. In June 1950, when the Communist government of North Korea attacked South Korea, Truman conferred promptly with his military advisers. There was, he wrote, âcomplete, almost unspoken acceptance on the part of everyone that whatever had to be done to meet this aggression had to be done. There was no suggestion from anyone that either the United Nations or the United States could back away from it.â A long, discouraging struggle ensued as U.N. forces held a line above the old boundary of South Korea. Truman kept the war a limited one, rather than risk a major conflict with China and perhaps Russia. Deciding not to run again, he retired to Independence; at age 88, he died December 26, 1972, after a stubborn fight for life. [logo](
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