John Moody Quotes
The nation did not begin to realize the extraordinary possibilities of the vast Western territory until its attention was thus suddenly and definitely concentrated on the Pacific by the annual addition of over fifty million dollars to the circulating medium.
Moody, John. The Railroad Builders: A Chronicle of the Welding of the States. Yale University Press, 1919, p. 9.
All money has based on the Gold Standard then. But the economic output of the American colonies was increasing rapidly. If the money supply stays fixed, there is a shortage of money and this then inhibits further growth, Franklin realized this and called for an increase in the money supply. He was only 23 years old when he wrote this essay and had these insights.
The Donner Party became stranded in heavy snow while crossing the mountains. Forty-two emigrants, including Donner, and two Indian guides died, however, the remaining forty-seven travelers survived.
Bonnycastle was one of the earliest visionaries of a transcontinental railroad. The Canadian version however was constructed after the United States.
Teddy Roosevelt dispatched 16 battleships (The Great White Fleet) around the world to impress the Japanese and others with American naval strength:
Between a purchase of lands from the Hudson's Bay Corporation and land grants, Canada annexed millions of acres of land without much political activity or any assent from the people who lived on those lands.
Jefferson had insisted that the expedition was purely scientific. The fact that it was lead by two military officers and involved soldiers led many to suspect the expedition was an “invasion” of what was then officially Spanish Territory. The very small size of the expedition made the concept of an expansion effort seemingly ridiculous to many. Jefferson was never public about his hopes fort the eventual possibilities but Martinez seemed to have gotten it right but was paid little heed.
The popularly elected president Salvador Allende was a left leaning socialist and Nixon wanted a right wing Government in place who would deal more firmly with the communists. General Augusto Pinochet thus came to power, murdered Allende, and instituted a reign of terror with death squads, torture and disappearances, that eventually led him to be indicted for crimes against humanity.
There must be enough money in circulation so that all people who want to buy things will have a vehicle for paying for it else people would be reduced to barter and tade—a much less efficient mechanism. Note the importance that Franklin gives to being able to attract immigrants. This was considered extremely important in colonial America. Immigration was the main engine of growth and development. Many believe that it still is.
John Moody was an American financial analyst, businessman and investor. He pioneered the rating of bonds and founded Moody's Investors Service. Moody's Manuals are still issued, carrying on the tradition begun by Moody's Manual of Railroads and Corporation Securities and continued by the annual Moody's Analyses of Investments.
