The Global Reserve Currency: Despite Problems The Dollar Still Rules

Detroit's car makers quickly switch back from  tanks to automobiles as did many other industries at the end of WWII. This image is in the public domain via Tropics of Meta

By Milton Ezrati

The dollar is back. After no end of death sentences issued over the years, the greenback today still stands as the world’s premier currency for trade and finance, what economists and bankers call “the global reserve currency.” And it will likely retain that status for some time to come, for even considering this country’s economic and financial problems, the dollar still has more of the necessary of the attributes than any alternative. Read more ›

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Posted in Contemporary History, Modern History

Split Season: Baseball’s Epic Strike of 1981

Deep rifts in formed between fans, players and owners during the 1981 strike. This image is in the public domain via SI Kids.

by Jeff Katz

Those who think Major League Baseball is simply about the play on the field are too romantic and those who think it’s only about the business off the field are too cynical. The truth is somewhere in between and no season shows that better than the Split Season of 1981, unforgettable for the rise of rookie phenom Fernando Valenzuela, the insanity of George Steinbrenner’s Yankees, the drive and ambition of Pete Rose’s pursuit of the all-time National League hit record and the last World Series match-up of the Yankees and Dodgers. It was historic year off the diamond, with the first mid-season strike in sports history. Read more ›

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Posted in Sports History

Who Really was America’s First Flying Ace: The Case for Eddie Rickenbacker

First Lieutenant E. V. Eddie Rickenbacker, 94th Aero Squadron, American ace, standing up in his Spad plane. Near Rembercourt, France in the Fall of 1918. Image in the public domain via OPA - Online Public Access

by John F. Ross

In Spring of 1918, during World War I, two American pilots entered a fierce competition to become the first ace in American service by shooting down five confirmed enemy airships. They both couldn’t have been cut from more contrasting bolts of cloth. Read more ›

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Posted in Military History, Modern History

The Game Must Go On: The Great Days of Baseball During WWII

Without Hank Greenberg in the lineup, the Detroit Tigers struggled throughout the season to draw the crowds of the previous prewar years. Image in the public domain via

by John Klima

The war years have often been characterized as a void in time where nothing significant happened. In fact, the war years featured some great teams, great races, great players and great stories and sparked a transformation that made the game modern. But in order to show this, I had to find a way to tell the story in a way that hadn’t been done before. Read more ›

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Posted in Military History, Modern History, Sports History

100 Years of Orson Welles

Orson Welles

AFI president George Stevens Jr., uttered the following words when he introduced Orson Welles on the February 1975 evening that the great director received the AFI’s 3rd Life Achievement Award.

“A Great man never reminds us of others,” Stevens said. “Mr. Orson Welles….” Read more ›

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Posted in Contemporary History

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