Thursday, May 8, 2008

Today in History: May 8

  • 1846 General Zachary Taylor (later President) defeats a 3,400 strong Mexican army under General Mariano Arista that had invaded Texas -- an independent Republic for 10 years since seceding from Santa Ana's Mexican dictatorship along with several other Mexican states, and which had voted to join the U.S. the preceding year. Part of the invading Mexican army, 2,000 strong, had killed 16 U.S. soldiers and captured the remaining 49 men of the squadron two weeks earlier, near Brownsville, Texas, causing the U.S. Congress to declare war with Mexico.
  • 1899 Austrian-British economist Friedrich Hayek born; 1974 Nobel (with Gunnar Myrdal), for "pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"; wrote The Road to Serfdom (1944), The Constitution of Liberty (1960), Law, Legislation and Liberty (3 vols: 1973, 1976, 1979); the major force in ending the FDR-style Keynesian government economic interventionism in the U.S.
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