Economic Hardship Quotes

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He did indeed kill the Bank of the United States by exercising the Presidential Veto on the legislation renewing the Bank’s government charter. The Bank was privately owned but handled all the fiscal functions for the Government and holding the United States deposits. The Bank owners and executives were not supports of Jackson and opposed him on many issues. Jackson thought it outrageous that a private bank, not under the control of the people or the representatives of the people, should have a monopoly on the banking functions of the United States. Vetoes were very unusual then. All the presidents before Jackson together vetoed only 12 laws. Jackson himself vetoed 13 including the Bank of America.


The Arab countries (with the exception of Jordan) did not allow the Palestinian refugees to work or to establish their own factories or to accept economic development. Any semblance of independence would, the Arab leaders thought, remove pressure to have the refugees returned to Israel. In contrast, hundreds of thousands of Jews were forcibly expelled from the Arab countries and all those refugees who went to Israel were given citizenship and absorbed into the economy and culture.


What was so unusual about Mrs. Roosevelt was that she came from a very wealthy, upper class, family. She never had to work a day in her life; nor did the men in her family. Yet she learned about, understood, and empathized with the poor and their problems in a way that few “aristocrats” and politicians ever did.