In his second Inaugural Address, on March 5, 1821, Monroe admitted at last to a general depression of prices, but only as a means of explaining the great decline in the federal revenue. Despite this, he asserted that the situation of America presented a 'gratifying spectacle.'
A great presidential address - Lincoln's Gettysburg Address, Truman's Farewell Address, Kennedy's Inaugural Address - has the power to inspire.
Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.
I would like to see whoever is our next president dedicate a significant part of their inaugural address to this challenge. We have to ignite the nation's energies and passions on this to make this happen. I think we do need the same kind of inspiration we had from Kennedy in his inaugural address in 1961.
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.
I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.
The one question I would have for Donald Trump is inspired by his 'Make America Great Again' cap. I would ask him, 'When was America great? When did America not have an economic depression or a war?'
President Bush in his inaugural address talked about bringing freedom to countries that don't have it. He didn't specify how.
I believe that States should be credited for their non-Federal investment in revenue-generating transportation facilities to address their regional transportation needs.
After 2003, we lowered taxes across the board. And by 2004, revenue to the federal government grew. In the 1980s, Ronald Reagan cut taxes dramatically. And by the end of the decade, revenue coming in the federal government had doubled.
The famous passage from her book is often erroneously attributed to the inaugural address of Nelson Mandela. About the misattribution Williamson said, "Several years ago, this paragraph from A Return to Love began popping up everywhere, attributed to Nelson Mandela's 1994 inaugural address. As honored as I would be had President Mandela quoted my words, indeed he did not. I have no idea where that story came from, but I am gratified that the paragraph has come to mean so much to so many people.
[On President Clinton's address:] It was the worst inaugural address of our lifetime, and I think the only controversy will be between those who say it was completely and utterly banal and those who say, 'Well, not completely and utterly.
As far as co-operation with The Hague is concerned it's impossible (to arrest Milosevic) by March 31 without an agreement on the federal level despite the consequences such a move could have.
Trump's first statement as president, his inaugural address, was an unprecedented assault on American democracy and American values.
I consider Monroe a pretty minor president. In spite of the Monroe Doctrine. That's the only important thing he ever did more or less on his own, when you really get down to it.