History And Pertinence Of Public Education Essays
American spending for public education began in the late 1700s. The Northwest Ordinance decreed that the responsibilities of the nation regarding its system of education. In 1791, the 10th Amendment stated, “The powers not delegated to the U.S. by the Constitution, nor prohibited by it to the states, are reserved by the states and localities.”
This nation as a whole no longer questions the expenditure, but the truth is the money that isn’t used in schools, homes, projects, etc. Is collected and stored by the Federal Reserve. Firstly, why is the money that could be further used by the U.S. Treasury for spending on Schools being withheld by the Federal Reserve Banks?
This is a system that charges interest to its own nation when the Government needs to be loaned money for any expenditure what so ever. In 1962, President Kennedy wrote into law Executive Order 11110, which began the issuance of United States Notes; Backed by silver and issued in the denominations of 5, 10, and 20$ bills (Kennedy 1). Instead of Federal Reserve notes; this was around 4 Billion dollars in silver certificates that was being produced by the U.S. Treasury instead of the Federal Reserve Banks. The following argument will be backed by a lesson on how U.S commerce functions. The United States has many programs created by legislation and supported by expenditure each year; these programs can range from diplomatic to political, from…