Paper money becomes fashionable and the day the music died – Edexlive
Imagine you are a late 17th century soldier fighting in French Quebec, Canada, on behalf of the government of the Massachusetts Bay Colony, United States. And for the first time in the world, well, you wouldn’t know yet that’s the first time, you’re told you’d be paid in paper money. Not the pine shilling or Spanish coin you used to get paid. Would you accept?
Now imagine being part of the Massachusetts Bay Colony government with no coins in the treasury to pay for your own troops fighting a war. They are on the verge of mutiny. Could paper money be a reality?
And on February 3, 1690, paper money was issued. To be honest, it was more of a letter of credit or an IOU (an informal document acknowledging that someone owes you something). No less than 40,000 pounds of paper money were issued and the experiment was a success! The United States was surely not the first to launch this concept, China had already tried it in the 7th century, but it really took off after the incident of 1690.
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Music has met its maker
February 3, 1959 is literally known as the day the music died. That’s because Buddy Holly, American singer-songwriter and central figure in mid-1950s rock and roll; guitarist Ritchie Valens and DJ The Big Bopper, namely JP Richardson, boarded a plane that crashed near Clear Lake, Iowa. They were on their Winter Dance Party tour when this unfortunate incident happened.
What’s important to note is that all three were at a point in their careers where they were on the cusp of making history. Buddy Holly is a musician who is constantly compared to the great Elvis Presley while Ritchie Valens died at a time when he was just getting started, he was only eight months into his career as a musician, who is best known for the Bamba. While The Big Bopper was best known for compositions like Chantilly lace and white Flash.
The sweet life?
It’s not for any reason that The good life (Italian for The Good Life) became one of the greatest films ever made. Premiered in Italy on February 3, 1960, this dramatic comedy is about a journalist who writes for a gossip magazine and his vain search for love and happiness. It is superficially. On a much deeper level, it is satire peppered with many visual metaphors. This and many other reasons won him the Palme d’Or in 1960 and it may have been the same reasons that led to his condemnation by the Vatican and subsequent ban.
Ironically, now La Dolce Vita, the phrase, is used to describe a somewhat pointless life.