International

International

Will the U.S. Expand Under Trump?

President-Elect Trump has suggested enlarging the U.S. for the first time in many years. Greenland? Canada? The Panama Canal?

The United States was formed in 1776 by the federation of 13 colonies on the East Coast.  Since then, it has grown: 

  • 1783. The Treaty of Paris (formally ending the Revolutionary War and granting to the United States all of the area east of the Mississippi River, north of Florida, and south of Canada).
  • 1803.  The Louisiana Purchase.
  • 1819. The Adams–Onís Treaty, adding Florida.
  • 1820.  Maine.
  • 1825.  “Seward’s Folly.” Purchase of Alaska from Russia.
  • 1845. Texas Annexation.
  • 1846. Oregon Territory.
  • 1848. The Mexican-American War.  The Treaty of Guadalupe. The “Mexican Cession” added Arizona, California, Nevada, New Mexico, Utah, and western Colorado.
  • 1853.  Gadsden Purchase adding southern Arizona and southern New Mexico.
  • 1898.  Hawaii Annexation. 
  • 1899.  The Tripartite Convention partitioned the Samoan Islands into two and the eastern island group became American Samoa.
  • 1917.  The Treaty of the Danish West Indies. The U.S.  purchased the American Virgin Islands. 
  • And without getting into too much detail, the U.S. also acquired many Pacific Ocean islands, while other islands were won during WWII.
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International

Can President Trump Change the Name of the Gulf to the “Gulf of America”?

Major geographic and geologic features shared by several countries often have different names in each of them.

On Day One of his Presidency Donald Trump signed an Executive Order renaming the former Gulf of Mexico to be henceforth known as the Gulf of America.

His Executive Order also restored the name of Mt. McKinley in Alaska, which President Obama had renamed “Denali.”

We like both name changes, but that’s not our issue. The question we will look at is whether the President has the authority to change geographic names.

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International

How Secure is the U.S. Dollar as the World’s Reserve Currency?

Will Trump’s 100% Tariffs on countries flirting with the proposed BRICS currency, be forced back to the U.S. dollar?

The United States dollar is no longer backed by gold, and besides, we’re not even sure how much gold we still have.

There was a time when anyone could walk into any bank in the U.S., hand the teller a $10 bill and get back a $10 gold Eagle. If you gave the teller $20 in currency and asked for gold, you’d get a $20 gold Double Eagle. Well, those days are long gone — F.D.R. ended that. But as you can see, when dollars are readily exchangable for gold, the dollar has an intrinsic value. If your $20 bill can be exchanged for a $20 gold Double Eagle coin weighing (approximately) one troy ounce, you don’t need to be a math genius to know that the price of gold was $20 an ounce, back in 1849. What this meant was that the dollar was worth a lot more than “the paper it was printed on.” It was worth a measure of gold. The law required the Federal Reserve to hold gold equal to 40 percent of the value of the currency it issued. Our dollars could not be printed faster than the nation could accumulate additional gold.

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