Time Line for Greedville
1851 - 1900
OPIUM WAR The British arrive in lower Burma, importing large quantities of opium from India and selling it through a government-controlled opium monopoly.
OPIUM WAR The British and French renew their hostilities against China in the Second Opium War. In the aftermath of the struggle, China is forced to pay another indemnity. The importation of opium is legalized.
Opium production increases along the highlands of Southeast Asia.
1857 – 1858 – The Rebellion of 1857-58, which takes place in response to the harsh behavior of the BEIC.
1858 - BEIC The East India Company is dissolved,. The administration of India becomes the responsibility of the Crown.
England had removed the last vestiges of the mercantile era. Industrial regulations, monopolies, and tariffs were abolished, and emigration and machinery exports were freed.
APRIL 12 - The Civil War starts.
AUGUST 5 - Congress passes the first National income tax.
AUGUST 21 - The United States issues the first paper currency.
FEBRUARY 25 - Congress establishes a National Banking system.
The Coinage Act is passed with the purpose of striking a fatal blow at the ability of banks to sustain a circulation of small denomination paper currencies. The invalid conclusion that the legal-tender acts of the Civil War were constitutional because they effected through a paper medium the same type of "debasement", which no one " ever imagined was taking private property without compensation or without due process of law".
APRIL 14 - A short time after President Lincoln orders the Lincoln greenbacks to be printed; which would deprive the banks from charging interest on the money they would have printed, President Lincoln was assassinated by John Wilkes Booth. It's been proven this was a conspiracy because of the other four men who were involved in the assassination, and it has also been established that these men were on the payroll of the Rothschild's.
OCTOBER 31 - The public debt of the United States stands at over seventy dollars per capita.
MARCH 18 - Congress passes the public Credit Act to pay the public debt in gold, leaving three hundred million in greenbacks and a bitter debate about redeeming them.
JULY 28 - The Fourteenth Amendment is enacted, which not only created federal citizenship, it also made it illegal for federal citizens to question the federal debt. [clause four 14th Amendment]
1869 OPIUM WAR Harris Livermore Coulter explains in his extraordinary study of the AMA's founding, published this year, "People were deserting orthodox medicine ... not out of ignorance, but out of knowledge of regular practice and consequent dislike of it." ARTICLE
SEPTEMBER 24 - On this "Black Friday" a financial panic occurs after two stock gamblers, Jay Gould and James Fisk, try to organize a corner on the gold market. The Grant administration dumps four million dollars in gold on the market, the price falls in fifteen minutes from one hundred and sixty two dollars to one hundred and thirty three dollars and many investors are ruined.
FEBRUARY 12 - Congress terminates the coinage of silver, because the intrinsic value of bullion exceeds its face value, this Act becomes known as "the crime of 73."
SEPTEMBER 8 - Jay Cooke and Company declares itself bankrupt, this causes a three year depression.
The historian, William Graham Sumner explained that: "The popular mind rests on instances like our continental money, as showing the error of paper money where it absolutely perishes. It is thought that, short of this, only alarmists see danger. The story of Austria shows that an irredeemable paper currency is a national calamity of the first magnitude, of which one may indeed find greater or lesser examples, but of which the least is a peremptory warning to statesmen and financiers. It is like a disease in the blood, undermining the Constitution and spreading decay through all the arteries of business. In its measure and according to circumstances it is pernicious, if not fatal."
APRIL 22 - President Grant vetoes a bill passed by Congress validating the issuance of greenbacks.
JUNE 20 - Congress passes a Currency Act fixing the maximum amount of greenbacks in circulation at three hundred and eighty- eight million dollars.
OPIUM WAR In San Francisco, smoking opium in the city limits is banned and is confined to neighboring Chinatowns and their opium dens.
JANUARY 14 - Congress passes the Specie Resumption Act, reducing the circulation of greenbacks to three hundred million dollars.
AUGUST 19 - A speech made by the Secretary of Treasury John Sherman: "There is a large class of people who believe that paper can be, and ought to be, made into money without any promise or hope of redemption; that a note should be printed: "This is a dollar," and be made a legal tender. I regard this as a mild form of lunacy, and have no disposition to debate with men who indulge in such delusions, which have prevailed to some extent, at different times, in all countries, but whose life has been brief, and which have shared the fate of other popular delusions. The Supreme Court only maintained the constitutionality of the legal tender promise to pay a dollar by a divided court, and on the ground that it was issued in the nature of a forced loan, to be redeemed upon the payment of a real dollar; that is, so many grains of silver or gold. I therefore dismiss such wild theories, and speak only to those who are willing to assume, as an axiom, that gold and silver or coined money, have been proven by all human experience to be the best possible standards of value, and that paper money is simply a promise to pay such coined money, and should be made and kept equal to coined money, by being convertible on demand.”
OPIUM WAR Britain passes the Opium Act with hopes of reducing opium consumption. Under the new regulation, the selling of opium is restricted to registered Chinese opium smokers and Indian opium eaters while the Burmese are strictly prohibited from smoking opium.
OPIUM WAR There are 90 Medical Schools in America
JANUARY - The Treasury surplus was up to five hundred million dollars.
OPIUM WAR The British acquire Burma’s northeast region, the Shan state. Production and smuggling of opium along the lower region of Burma thrives despite British efforts to maintain a strict monopoly on the opium WAR.
U.S. Congress, in its earliest law-enforcement legislation on narcotics, imposes a tax on opium and morphine.
Tabloids owned by William Randolph Hearst publish stories of white women being seduced by Chinese men and their opium to invoke fear of the ‘Yellow Peril’, disguised as an “anti-drug” campaign.
JANUARY 17, - The federal gold reserves drop to only sixty million dollars. The federal government offers a bond issue of fifty million dollars to make up gold reserve losses.
NOVEMBER 13 - Another federal bond issue of fifty million dollars is offered. Because of poor public response, most of this loan is taken over by New York bankers.
OPIUM WAR Heinrich Dreser working for The Bayer Company of Elberfeld, Germany, finds that diluting morphine with acetyls produces a drug without the common morphine side effects.
Bayer begins production of diacetylmorphine and coins the name “heroin.”
JANUARY 6 - The fourth bond issue in three years is floated, this time in public subscription totaling one hundred million dollars, federal treasury reserves are down to seventy nine million dollars which is considered so low as to endanger the continuance of the gold standard.
OPIUM WAR The Bayer Company introduced heroin as a substitute for morphine.
MARCH 14 - Congress passes the Gold Standard Act, under which other forms of money are made redeemable in gold on demand, a gold reserve of one hundred and fifty million dollars is created, and the sale of bonds is authorized when necessary to maintain the reserve.