As we know, the study of the past is history. It provides us with a sense of identity. However, answers questions like how did something get into existence or the events which led to a particular change in our society. And even, highlights the greatest achievements and even the disastrous mistakes of humans. Let us look at the accomplishments of February 25.
1791: First Bank of the United States authorized by President George Washington.
The House of Representatives adopts a bill setting up the First Bank of the United States on this date. The Treasury Secretary Alexander Hamilton of New York lobbied support for banking legislation both in the House and in the Senate. Consequently, a single national charter issues the First Bank of the United States for 20 years. The bank thrived and exemplarily carried out traditional banking functions for two decades.
1836: Samuel Colt patents the first multi-shot revolving-cylinder revolver.
Although, Samuel Colt from Hartford, Connecticut, invented the first practical revolving-cylinder gun in 1831. It is later patent on February 25, 1836. “Colt Paterson” is the name of the first commercial model of a revolver. It featured a revolving chamber containing five caliber bullets, 0.28 and 0.36. Additionally, the revolver enables the firearm to be fired multiple times without reloading. Hence, for the rest of the 19th century, the Colt revolver became pre-eminent in Texas and the whole west.
1862: First fiat paper money legalized in the United States.
The 37th congress was in a financial crisis in 1862. Gradually, they had exhausted the Union’s gold and silver coin reserves as a cost of war. After intense debate, Congress authorizes the publication of US Notes, commonly referred to as greenbacks. Therefore, declaring them legitimate money for all public debt payments and import duties, except interest. As an emergency measure, the Legal Tender Act significantly broadened the federal power and changed the monetary standard of the nation.
1908: First railway tunnel under Hudson River opens
The Hudson River Tunnel officially opens on February 25, 1908. From Manhattan to Hoboken the first train passed through the tunnel. President Teddy Roosevelt commenced the trip with a button pressed at Washington’s White House. It was the first large transport tunnel under the major river in the United States. But, a bridge between Manhattan and New Jersey was considered more tenuous initially because of the deep mud at the Hudson River bottom.
1933: First US aircraft carrier named ‘USS Ranger’ launched
The USS Ranger, CV-4, is the first naval ship that has a design and built as a carrier. It was launched on February 25, 1933, and commissioned on 4 June 1934. It equips six quadruple 40 mm mounts and forty-six 20 mm mounts to handle around 75 modern aircraft. Although relatively small, Ranger contributed to several design features incorporated into subsequent carriers in Yorktown. Also, Ranger has seen extensive service in the Atlantic during World War II when it was too slow to operate with its larger Pacific successors.
2012: World Health Organization removes India from the list of polio-endemic countries
India is now a polio-free country as declared by the World Health Organization. Thus, it suggests that the virus of wild polio is not present in the environment. Since 13 January 2011, India has not had a polio case. The announcement was made by the Minister of Health, Mr. Ghulam Nabi Azad, in the presence of the Prime Minister, Dr. Manmohan Singh, at the Polio Summit 2012. Although, there were only four countries in the WHO endemic list, including Pakistan, Nigeria, and Afghanistan.