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April
1, 1913
Henry Ford's revolutionary moving assembly line rolls through
its first day of operation.
January
14, 1914
Henry Ford inaugurates his assembly line, cutting the time it
takes his company to manufacture a car from 12 and a half hours
to 93 minutes.
February
15, 1971
Ignoring a 1,000-year-old tradition, the English monetary system
is revised. A pound, which used to consist of 250 pence, will
now be worth a mere 100.
February
12, 1873
The gold dollar becomes the standard United States Currency.
June
21, 1924
The national debt of $21 billion has been cut by more than a
billion dollars thus far this year, and the government will
end the current year on June 30 more than $400 million in the
black.
August
28, 1905
Speaking in Pennsylvania, John Mitchell, head of the United
Mine Workers, says he will demand an eight-hour day when the
present contract expires next April.
January
31, 1934
Acting to protect the American dollar and foreign trade against
the declining fortune of other countries' currencies, President
Roosevelt devalues America's currency by 40%.
February
15, 1971
Ignoring a 1,000 year old tradition, the English monetary system
is revised. The British pound, which used to consist of 240
pence, will now be worth a mere 100.
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