Wednesday, November 15, 2006

Today in History

"On this day in 1777 the Continental Congress approved the Articles of Confederation after 16 months of debate. Although much maligned by modern historians, the Articles were in many ways
superior to the constitution that succeeded them. They certainly did a better job of preserving the rights and sovereignty of the states, but the economic stagnation spawned by the states' issuing paper monies, and the tariffs they wanted to impose on intrastate commerce, stalled American development & prosperity." -Franklin Sanders