John F. Kennedy Quotes
We must start now to provide additional stimulus to the modernization of American industrial plants I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.
Kennedy, John F. "Annual Message to the Congress on the State of the Union." 30 Jan. 1961. Public Papers of the Presidents of the United States: John F. Kennedy, 1961, United States Government Printing Office, 1962, p. 24.
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.
John Fitzgerald Kennedy, often referred to by his initials JFK, was an American politician who served as the 35th president of the United States from 1961 until his assassination in 1963. Kennedy served at the height of the Cold War, and the majority of his work as president concerned relations with the Soviet Union and Cuba. A Democrat, Kennedy represented Massachusetts in both houses of the U.S. Congress prior to becoming president.