Harry S. Truman
Harry S. Truman (May 8, 1884–December 26, 1972) was the thirty-fourth Vice President (1945) and the thirty-third President of the United States (1945 – 1953), succeeding to the office upon the death of Franklin D. Roosevelt. Truman's presidency was very eventful, seeing the dropping of atomic bombs in Japan, the end of World War II, the Marshall Plan to rebuild Europe, the beginning of the Cold War, the desegregation of the U.S. armed forces, the formation of the United Nations, the second red scare, and most of the Korean War. Truman was a folksy, unassuming president, and popularized phrases such as "The buck stops here" and "If you can't stand the heat, get out of the kitchen." He exceeded the low expectations many had at the beginning of his administration, and developed a reputation as a strong, capable leader. Early lifeTruman in ca. 1908Harry S. Truman was born on May 8, 1884 in Lamar, Missouri, the eldest child of John Anderson Truman and Martha Ellen Young Truman. A brother, John Vivian (1886-1965) soon followed, along with a sister, Mary Jane Truman (1889-1978). When Truman was six years of age, his parents moved the family to Independence, Missouri, and it was there that Truman would spend the bulk of his formative years. After graduating from high school in 1901, Truman worked at a series of clerical jobs before he decided to become a farmer in 1906, an occupation in which he remained for another ten years. He was the last president not to earn a college degree, although he studied for two years toward a law degree at the Kansas City Law School (currently the University of Missouri - Kansas City School of Law) in the early 1920s and was a fellow classmate of future United States Supreme Court Justice Charles Evans Whittaker. Truman in uniform ca. 1918With the onset of American participation in World War I, Truman enlisted in the National Guard, was chosen to be an officer, and then commanded a regimental battery in France. His unit was Battery D of the 129th Field Artillery, 60th Brigade, 35th Division. At his physical his eyesight was 20/50 in the right eye and 20/400 in the left eye. Before heading to France, Harry was sent for training at Fort Sill, near Lawton, Oklahoma. While at Ft. Sill he was given the additional duty of running the camp canteen (to provide candy, cigarettes, shoelaces, sodas, tobacco, writing paper, etc.), to the soldiers. This position would mean that nearly every soldier there would come to know Lt. Truman, at least by sight, and his name. To help run the canteen, Harry enlisted the help of his Jewish friend Sergeant Edward Jacobson (Eddie), who had experience in a Kansas City clothing store as a clerk. Another man he would meet at Ft. Sill, who would pay dividends after the war, was Lt. James M. Pendergast, the nephew of Thomas Joseph (T.J.) Pendergast a Kansas City politician. The Trumans' wedding day28 June 1919 In France, Captain Truman's battery performed very well under fire in the Vosges Mountains. Truman later rose to the rank of Lieutenant Colonel in the National Guard and always remained proud of his military background. Under his command the artillery battery, Battery D, did not lose a single man. At the war's conclusion, Truman returned to Independence and married his long-time love interest, Bess Wallace, on 28 June 1919. The couple had one child, Margaret (b. 24 February 1924). A month before the wedding, banking on the success they had at Ft. Sill and overseas, the men's clothing store of Truman & Jacobson opened at 104 West 12th St. in downtown Kansas City. The store went bankrupt in 1922 after being very successful the first couple of years, but then the bottom fell out of the grain market, and lower prices for wheat and corn meant less sales of silk shirts. What shirts and ties that they did manage to sell went mainly to former members of the 129th. It was simple economics: in 1919 wheat went for $2.15 a bushel, in 1922 it was 88 cents a bushel. Harry blamed the fall in farm prices on the policies of the Republicans, and Secretary of the Treasury Andrew Mellon, in Washington, a factor that would influence his decision to become a Democrat. Truman worked for years to pay off the debts. He and Eddie Jacobson were friends for the rest of their lives, and it was to Eddie he turned for advice on the Zionist issue. Political careerIn 1922, with the help of the Kansas City Democratic machine, led by Boss Tom Pendergast, Truman was elected judge of the County Court of Jackson County, Missouri - an administrative, not judicial, position. Although he was defeated for re-election in 1924, he won back the office in 1926 and was re-elected in 1930. Truman performed his duties in this office diligently, and won personal acclaim for several popular public works projects, including the series of 12 Madonna of the Trail monuments to pioneer women dedicated across the country in 1928 and 1929. In 1924, at the urging of his friend Edgar Hinde, who said that it would be "good politics," Truman gave Hinde the $10 membership fee to join the Ku Klux Klan. The complicated evidence about, background for, and interpretation of this episode are discussed in detail in the article Notable Ku Klux Klan members in national politics. As a result of the intricate tactical twists and turns of machine politics, Truman emerged from this period decisively opposed to and opposed by the Klan. The Klan's enmity for him was increased even more during Truman's presidency, which marked the first significant improvement in the federal government's record on civil rights since the nadir of American race relations during the Wilson administration. In a similar paradox, Truman, who sometimes expressed negative views of Jews in his diaries, and referred to New York as "kike-town,"[1] also had a Jewish friend and business partner (Eddie Jacobson), and later became one of the moving forces behind the creation of the state of Israel. In the 1934 election the Pendergast machine selected him to run for Missouri's open Senate seat, and he ran as a New Dealer in support of President Franklin D. Roosevelt. Once elected, Truman supported the president on most issues and became a popular member of the Senate "club," and was even voted as one of the ten "best-dressed" senators, soon overcoming his initial reputation as a member of the Pendergast machine. Having always taken a keen interest in foreign affairs, Truman first gained national prominence in his second term when his preparedness committee (popularly known as the "Truman Committee") made a scandal of military wastefulness by exposing fraud and mismanagement. His advocacy of common-sense cost-saving measures for the military gained him wide respect, and he emerged as a popular choice for the vice-presidential slot in 1944. He was barely installed as vice president when Roosevelt died on April 12, 1945, elevating him to the presidency. A famous story says that when Truman was summoned to the White House on April 12, it was the now former First Lady Eleanor Roosevelt who informed him that the president was dead. Truman asked if there was anything he could do for her, to which the former First Lady replied, "Is there anything we can do for you? For you are the one in trouble now." PresidencyWhen Truman first took office, he was initially preoccupied with foreign policy: the Allied conference in Potsdam, the conclusion of the war in Europe, and then in August, with the decision to drop atomic bombs on Hiroshima and Nagasaki, Japan. Truman was also one of the very few U.S. presidents to serve nearly an entire term without a vice president. It was not until Truman's second term, from 1949-1953, that he was joined by a vice president on his election ticket. Realizing that the interests of the Soviet Union were quickly becoming incompatible with the interests of the United States government in the absence of a common enemy, Truman's administration articulated an increasingly hard line against the Soviets. Nonetheless, as a Wilsonian internationalist, Truman strongly supported the creation of the United Nations, and included former First Lady Eleanor Roosevelt on the delegation to the U.N.'s first General Assembly. Although some people were distrustful of his expertise on foreign matters, Truman was able to win broad support for the Marshall Plan, which was offered to the Eastern bloc countries and the Soviet Union, and then for the Truman Doctrine which sought to contain Soviet power in Europe. To get Congress to spend on the Marshall Plan, Truman used an ideological argument about averting Communism to get the funding; although, it is highly unlikely that he believed this because he offered Marshall Plan money to the Soviets and U.S. ambassador George F. Kennan wrote a long message from Moscow known as "The Long Telegram" explaining how Russian policy had nothing to do with the expansion of Communism but was about traditional Russian fears of invasion. Following many years of Democratic majorities in Congress and Democratic presidents, voter fatigue led to a new Republican majority in the 1946 midterm elections, with the Republicans picking up 55 seats in the House of Representatives and several seats in the Senate. Truman fought the Republican Congress in 1947 and 1948 to prevent any reduction in tax rates. Modest cuts were eventually enacted over his veto, but they were short-lived: the onset of the Korean conflict in 1950 once again required an increase in taxes. Truman was widely expected to lose the 1948 election, as shown by this mistaken Chicago Tribune headline.As he readied for the approaching 1948 election, Truman made clear his identity as a Democrat in the New Deal tradition, advocating universal health insurance, and the repeal of the Taft-Hartley Act in a broad legislative program that he called the "Fair Deal". While it was widely expected that Truman would lose, he campaigned furiously and managed to pull off one of the greatest upsets in presidential election history by defeating Thomas E. Dewey and earning a term in the White House in his own right. Shortly after Truman's inauguration, he presented his Fair Deal program to Congress, but it was not well received and only one of its major bills was enacted. A few months later the nation's attention was focused solidly on foreign policy once again with the "fall of China" to Mao Zedong's Communists. The incident would prove to be catastrophic for the administration, because it signaled the end of the Democrats' ability to manage the early Cold War in the eyes of the American public. Within a year of Nationalist China's collapse, Alger Hiss was accused of being a Communist agent (accusation supported in 1996 by the VENONA project[2]), war had broken out between South Korea and North Korea, and Senator Joseph McCarthy had publicly accused the State Department of being riddled with Communists. The Hiss case damaged the Truman White House and Senator McCarthy initially commanded broad public support, but events at home took a backseat to the war in Korea where Douglas MacArthur had won the imagination of the American people. Following the Chinese intervention in early November 1950, MacArthur advocated extending the war into mainland China. When Truman disagreed with him, MacArthur publicly aired his views and the president responded by relieving him of command. In June of 1950, President Truman issued the following statement[3] and ordered the Seventh Fleet of the United States Navy into the Strait to prevent any conflict between the Republic of China and the PRC.
Truman's dispute with MacArthur was a deeply unpopular action that seriously wounded Truman's credibility with the American people. His unpopularity grew even more pronounced as the military situation in Korea became increasingly stalemated. Realizing that his electoral chances were slim after losing a primary to Estes Kefauver, Truman withdrew his candidacy for the election of 1952. After the election, on January 7, 1953 Truman announced the development of the hydrogen bomb. Unlike other presidents, Truman lived in the White House very little during his term in office. Structural analysis of the building early in his term had shown the White House to be in danger of imminent collapse, partly due to problems with the walls and foundation that dated back to the burning of the building by the British during the War of 1812. While the White House was systematically dismantled to the foundations and rebuilt — a project that also added what is now known as the "Truman Balcony" to the curved portico of the White House — Truman was moved to Blair House nearby, which became his "White House". On November 1, 1950, Puerto Rican nationalists Griselio Torresola and Oscar Collazo attempted to assassinate Truman at Blair House. In response, Truman allowed for a genuinely democratic plebiscite in Puerto Rico to determine the status of its relationship to the United States. Truman also spent time on Little Torch Key in the Florida Keys during the White House reconstruction. IsraelTruman, who had been a supporter of the Zionist movement as early as 1939, was a key figure in the establishment of a Jewish state in Palestine. In 1946, an Anglo-American Committee of Inquiry recommended the gradual establishment of two states in Palestine, with neither Jews nor Arabs dominating. However, there was little public support for the two-state proposal, and Britain was under pressure to withdraw from Palestine quickly due to attacks on British forces by armed Zionist groups. At the urging of the British, a special U.N. committee recommended the immediate partitioning of Palestine into two states, and with Truman's support, it was approved by the General Assembly in 1947. The British announced that they would leave Palestine by May 15, 1948, and the Arab League Council nations began moving troops to Palestine's borders. There was significant disagreement between Truman and the State Department about how to handle the situation, and meanwhile, tensions were rising between the U.S. and Soviet Union. In the end, Truman, amid controversy both at home and abroad, recognized the State of Israel 11 minutes after it declared itself a nation. Civil rightsAfter a hiatus that had lasted since Reconstruction, the Truman administration marked the federal government's first steps in the area of civil rights. A particularly savage 1946 lynching of two young black men and two young black women near Moore's Ford Bridge in Walton County, Georgia, was an important event that focused attention on civil rights,[4] and was one factor behind the issuing of a 1947 report by the Truman administration titled To Secure These Rights, which advocated, among other civil rights reforms, making lynching a federal crime. In 1948, he submitted a civil rights agenda to Congress that proposed creating several federal offices devoted to issues such as voting rights and fair employment practices. This provoked a firestorm of criticism from Southern Democrats in the time leading up to the national nominating convention, but Truman refused to compromise, saying "My forbears were Confederates... But my very stomach turned over when I learned that Negro soldiers, just back from overseas, were being dumped out of army trucks in Mississippi and beaten."[5] In the same year, he issued Executive Order 9981, racially integrating the U.S. Armed Services following World War II.[6] CabinetPresident Truman signing a proclamation declaring a national emergency that initiates U.S. involvement in the Korean War.(All of the cabinet members when Truman became president in 1945 had been serving under Roosevelt previously.) Supreme Court appointmentsTruman appointed the following Justices to the Supreme Court of the United States:
Major legislation signed
Post-presidencyIn 1951, the U.S. ratified the 22nd Amendment, disqualifying presidents from running for a third term (or second if they served more than two years of another's term). The amendment did not apply to Truman, since he was president when it was passed. However, Truman withdrew his candidacy for the election of 1952 after losing the New Hampshire primary to Estes Kefauver. Truman made the most of his post-presidential years, making speeches and writing his memoirs after he left Washington and returned home to take up residence at his mother-in-law's house in Independence, Missouri. His predecessor, Franklin D. Roosevelt, had organized his own presidential library but legislation to provide this option for future presidents had yet to be established. Truman worked to garner private donations to build a presidential library that he then donated to the government to maintain, a practice adopted by all his successors. Truman (seated right) and his wife Bess (behind him) attend the signing of the Medicare Bill on July 30, 1965 by President Lyndon Johnson.Former members of Congress and the federal courts had a federal retirement and Truman was the president that ensured that the members of the other branch of government received the same privileges. Truman decided that he did not want to be on any corporate payroll and that taking advantage of such an option would just diminish the integrity of the nation's highest office. It cannot be said, however, that he completely forbore any effort to "cash in" after leaving office, as he received the then-record sum of $600,000 as an advance on the publication of his memoirs. In 1956, Truman took a trip to Europe with his wife and was a sensation everywhere. In Britain he received an honorary degree in Civic Law from Oxford University. He met with his friend Winston Churchill for the last time and on returning to the U.S. gave his full support for Adlai Stevenson's second bid for the White House. A bad fall in the bathroom in 1964 severely limited his physical capabilities and he could no longer continue his daily presence at his presidential library. On December 5, 1972, he was admitted to Kansas City's Research Hospital and Medical Center for lung congestion. He would then develop heart irregularities, kidney blockages, and digestive problems, and died at 7:50 AM on December 26 at the age of 88. He is buried at the Truman Library. As Vietnam and, later, Watergate, wrenched at the heart of the nation, Truman's reputation steadily rose and even the musical group Chicago wrote a song about the nation's former president. Truman's long-time home (1919-1972), the Wallace House, at 219 North Delaware Street, in Independence, and his grandfather's farm nearby, are maintained as the Harry S. Truman National Historic Site. The headquarters building of the State Department in Washington, DC, is named the Harry S. Truman Building in his honor. Truman's middle initialTruman did not have a middle name, but only a middle initial. It was a common practice in southern states, including Missouri, to use initials rather than names. Truman said the initial was a compromise between the names of his grandfathers, Anderson Shipp(e) Truman and Solomon Young. He once joked that the S was a name, not an initial, and it should not have a period, but official documents and his presidential library all use a period. Furthermore, the Harry S. Truman Library has numerous examples of the signature written at various times throughout Truman's lifetime where his own use of a period after the "S" is very obvious. MemorialsUSS Harry S. Truman (CVN-75) is a Nimitz-class supercarrier of the United States Navy. The keel was laid by Newport News Shipbuilding November 29, 1993 and was christened September 7, 1996. The ship is currently based at Norfolk, Virginia. A 20" x 24" color photograph of the "Madonna of the Trail" hangs in a place of honor in the Captain's quarters.
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Truman (CVN-75) is a Nimitz-class supercarrier of the United States Navy. Crédit Commercial de France is a wholly owned subsidiary of HSBC, and HSBC is listed on the Paris Stock Exchange. USS Harry S. was known to be involved in money laundring operations, and participated in the infamous Fobaproa, which rescued the banks in the 1994 crisis, at the cost of the Mexican's taxes. Truman Library has numerous examples of the signature written at various times throughout Truman's lifetime where his own use of a period after the "S" is very obvious. Though the purchase was legal, Banco Internacional, S.A. Furthermore, the Harry S. Banco Internacional, S.A., Mexico's fifth largest bank was acquired by HSBC by 2003, changing the company's name to HSBC México, S.A., with presence nationwide. He once joked that the S was a name, not an initial, and it should not have a period, but official documents and his presidential library all use a period. HSBC is expanding the Household International high-cost consumer financial model to Brazil, India and elsewhere, as reported-on in detail in this weekly HSBC Watch Report by the Fair Finance Watch organization. Truman said the initial was a compromise between the names of his grandfathers, Anderson Shipp(e) Truman and Solomon Young. Household International's CEO William Aldinger became the highest-paid director in the United Kingdom, before announcing his departure in February 2005. It was a common practice in southern states, including Missouri, to use initials rather than names. states. Truman did not have a middle name, but only a middle initial. The acquisition was controversial: Household International had, in October 2002, settled for $486 million charges of predatory lending by attorneys general in 46 U.S. Truman Building in his honor. On March 28, 2003 Household International was acquired by HSBC. The headquarters building of the State Department in Washington, DC, is named the Harry S. Today, the venue is known as the HSBC Arena. Truman National Historic Site. Also of note, Marine Midland had purchased naming rights to the Buffalo sports and entertainment venue constructed in 1996, the Marine Midland Arena, home of the Buffalo Sabres. Truman's long-time home (1919-1972), the Wallace House, at 219 North Delaware Street, in Independence, and his grandfather's farm nearby, are maintained as the Harry S. The tallest building in Buffalo also carries the HSBC name, and is noted for its open entry level, under which the Buffalo Metro Rail passes. As Vietnam and, later, Watergate, wrenched at the heart of the nation, Truman's reputation steadily rose and even the musical group Chicago wrote a song about the nation's former president. Completed in 1967, this 52-story, 688 ft (209.7 m) highrise provides 1.2 million square feet (110,000 m²) of office space in lower Manhattan and is noted for the distinctive "Noguchi's Cube" sculpture at its entrance. He is buried at the Truman Library. Marine Midland owned several prominent properties, including the Marine Midland Building at 140 Broadway in Manhattan, near the World Trade Center. He would then develop heart irregularities, kidney blockages, and digestive problems, and died at 7:50 AM on December 26 at the age of 88. There was a branch office on the ground floor of the World Trade Center in New York City. On December 5, 1972, he was admitted to Kansas City's Research Hospital and Medical Center for lung congestion. There are some 400 HSBC branches throughout New York State in addition to some 20 to 25 branches in other states, including Florida and California. A bad fall in the bathroom in 1964 severely limited his physical capabilities and he could no longer continue his daily presence at his presidential library. After the acquisition of Republic National Bank in 1999, the head office of HSBC Bank USA moved from the HSBC Center in Buffalo to 452 Fifth Avenue, New York City — although the official headquarters are in Wilmington, Delaware. gave his full support for Adlai Stevenson's second bid for the White House. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA. He met with his friend Winston Churchill for the last time and on returning to the U.S. HSBC acquired a 51% shareholding in Marine Midland banks of New York State, headquartered in Buffalo, New York in 1980 and extended to full ownership in 1987. In Britain he received an honorary degree in Civic Law from Oxford University. HSBC Canada is the only Canadian bank with headquarters in British Columbia. In 1956, Truman took a trip to Europe with his wife and was a sensation everywhere. HSBC has a strong presence in overseas Chinese communities especially in Vancouver and Toronto in Canada. It cannot be said, however, that he completely forbore any effort to "cash in" after leaving office, as he received the then-record sum of $600,000 as an advance on the publication of his memoirs. to purchase an 11% stake in Bank of Shanghai (HSBC paid USD 62.6 million for an 8% stake) and USD 733 million for a 10% stake in Ping An Insurance. Truman decided that he did not want to be on any corporate payroll and that taking advantage of such an option would just diminish the integrity of the nation's highest office. A year earlier, HSBC had joined with Hong Kong's Shanghai Commercial Bank, Ltd. Former members of Congress and the federal courts had a federal retirement and Truman was the president that ensured that the members of the other branch of government received the same privileges. Industry considered this move giving HSBC a lead in the race to grab pieces of mainland China's banking market. Truman worked to garner private donations to build a presidential library that he then donated to the government to maintain, a practice adopted by all his successors. At the time of the announcement, Bank of Communications was China's fifth-largest bank and the investment by HSBC was eight times bigger than any previous foreign investment in a Chinese bank. Roosevelt, had organized his own presidential library but legislation to provide this option for future presidents had yet to be established. On 6 August 2004, HSBC announced to pay USD 1.75 billion for a 19.9% stake in Shanghai-based Bank of Communications. His predecessor, Franklin D. Currently HSBC is located in its own HSBC Tower across the river in the Pudong area of Shanghai. Truman made the most of his post-presidential years, making speeches and writing his memoirs after he left Washington and returned home to take up residence at his mother-in-law's house in Independence, Missouri. Chinese authorities had offered to lease HSBC its old headquarters on The Bund in 1995 but the offer was turned down. However, Truman withdrew his candidacy for the election of 1952 after losing the New Hampshire primary to Estes Kefauver. Its activities were mainly in inward remittances and export bills until the economic reforms of the late 1970s. The amendment did not apply to Truman, since he was president when it was passed. In April 1955, HSBC handed over this office to the Communist government, and its activities were continued in rented premises. ratified the 22nd Amendment, disqualifying presidents from running for a third term (or second if they served more than two years of another's term). HSBC was historically housed in one of the largest and most impressive buildings on The Bund, Shanghai's boulevard formerly known as the Wall Street of the Orient. In 1951, the U.S. Aside from the period 1941-1945, in which Japan forced HSBC and other foreign-invested banks to leave the local market, it has had a continuous presence in the city. Truman appointed the following Justices to the Supreme Court of the United States:. HSBC established its Shanghai branch office on 3 April 1865. But my very stomach turned over when I learned that Negro soldiers, just back from overseas, were being dumped out of army trucks in Mississippi and beaten."[5] In the same year, he issued Executive Order 9981, racially integrating the U.S. It was designed by British architect Norman Foster, and was the most expensive building in the world for the usable floor area when it was built. This provoked a firestorm of criticism from Southern Democrats in the time leading up to the national nominating convention, but Truman refused to compromise, saying "My forbears were Confederates.. The Hong Kong headquarters of the HSBC are in Central, Hong Kong, in the HSBC Hong Kong headquarters building. In 1948, he submitted a civil rights agenda to Congress that proposed creating several federal offices devoted to issues such as voting rights and fair employment practices. It once adopted a shorthand of "HongkongBank", which is still a widely used jargon in Hong Kong today. A particularly savage 1946 lynching of two young black men and two young black women near Moore's Ford Bridge in Walton County, Georgia, was an important event that focused attention on civil rights,[4] and was one factor behind the issuing of a 1947 report by the Truman administration titled To Secure These Rights, which advocated, among other civil rights reforms, making lynching a federal crime. Prior to diversifying its business into a worldwide financial institution as it is known today through a series of alliances and acquisitions, the business of the Bank was concentrated in the Asian region, particularly in Hong Kong. After a hiatus that had lasted since Reconstruction, the Truman administration marked the federal government's first steps in the area of civil rights. By the 1880s, the bank was acting as banker to the Hong Kong government under British rule. In the end, Truman, amid controversy both at home and abroad, recognized the State of Israel 11 minutes after it declared itself a nation. HSBC was first established in Hong Kong in March 1865. and Soviet Union. HSBC also owns the rail leasing company HSBC Rail (formerly Forward Trust Rail). There was significant disagreement between Truman and the State Department about how to handle the situation, and meanwhile, tensions were rising between the U.S. In traditional City jargon the bank is known as "Honkers and Shankers". The British announced that they would leave Palestine by May 15, 1948, and the Arab League Council nations began moving troops to Palestine's borders. Its shares are one of the largest components of the FTSE 100 Index. committee recommended the immediate partitioning of Palestine into two states, and with Truman's support, it was approved by the General Assembly in 1947. HSBC is one of the five largest banks in the United Kingdom, along with Barclays, Royal Bank of Scotland / Natwest, Lloyds TSB and HBOS. At the urging of the British, a special U.N. . However, there was little public support for the two-state proposal, and Britain was under pressure to withdraw from Palestine quickly due to attacks on British forces by armed Zionist groups. Andrew, the patron saint of Scotland, was crucified upon. In 1946, an Anglo-American Committee of Inquiry recommended the gradual establishment of two states in Palestine, with neither Jews nor Arabs dominating. The HSBC logo is derived from the Scottish flag which is the angular cross St. Truman, who had been a supporter of the Zionist movement as early as 1939, was a key figure in the establishment of a Jewish state in Palestine. It is the largest bank in Hong Kong, and at the end of 2004 it was the third largest banking group in the world by tier 1 capital [3]. Truman also spent time on Little Torch Key in the Florida Keys during the White House reconstruction. Before moving the headquarters to London in early 1990s, it was headquartered in Hong Kong. In response, Truman allowed for a genuinely democratic plebiscite in Puerto Rico to determine the status of its relationship to the United States. Nearly 40% of its earnings is from operations in Hong Kong. On November 1, 1950, Puerto Rican nationalists Griselio Torresola and Oscar Collazo attempted to assassinate Truman at Blair House. It reports its numbers in US dollars as 70% of its earnings come from outside the UK. While the White House was systematically dismantled to the foundations and rebuilt — a project that also added what is now known as the "Truman Balcony" to the curved portico of the White House — Truman was moved to Blair House nearby, which became his "White House". The bank is the third largest corporation in terms of assets ([2]). Structural analysis of the building early in his term had shown the White House to be in danger of imminent collapse, partly due to problems with the walls and foundation that dated back to the burning of the building by the British during the War of 1812. Its founding member is The Hongkong and Shanghai Banking Corporation Limited, a bank established by the Scot Thomas Sutherland to finance British trade in the Far East in 1865. Unlike other presidents, Truman lived in the White House very little during his term in office. It is headquartered in London, with its head office based in the HSBC Tower, London, a part of the Canary Wharf development in the London Docklands. After the election, on January 7, 1953 Truman announced the development of the hydrogen bomb. HSBC Holdings PLC (NYSE: HBC, LSE: HSBA, HKSE: 005, Euronext: HSBC), is one of the largest banking groups in the world. Realizing that his electoral chances were slim after losing a primary to Estes Kefauver, Truman withdrew his candidacy for the election of 1952. 2004 - acquisition of 19.9% of the Bank of Communication of Shanghai, China. His unpopularity grew even more pronounced as the military situation in Korea became increasingly stalemated. 2004 - acquisition of Marks & Spencer Retail Financial Services Holdings Ltd.;. Truman's dispute with MacArthur was a deeply unpopular action that seriously wounded Truman's credibility with the American people. 2004 - acquisition of The Bank of Bermuda Limited of Bermuda; shares are traded on a fifth stock exchange, the Bermuda Stock Exchange;. In June of 1950, President Truman issued the following statement[3] and ordered the Seventh Fleet of the United States Navy into the Strait to prevent any conflict between the Republic of China and the PRC. 2003 - November 20, a bomb blast in Istanbul destroyed the bank's head office in Turkey causing several deaths and hundreds of injuries. When Truman disagreed with him, MacArthur publicly aired his views and the president responded by relieving him of command. 2003 - acquisition of Household International of the United States. Following the Chinese intervention in early November 1950, MacArthur advocated extending the war into mainland China. of Mexico. The Hiss case damaged the Truman White House and Senator McCarthy initially commanded broad public support, but events at home took a backseat to the war in Korea where Douglas MacArthur had won the imagination of the American people. de C.V. Within a year of Nationalist China's collapse, Alger Hiss was accused of being a Communist agent (accusation supported in 1996 by the VENONA project[2]), war had broken out between South Korea and North Korea, and Senator Joseph McCarthy had publicly accused the State Department of being riddled with Communists. 2002 - acquisition of Grupo Financiero Bital, S.A. The incident would prove to be catastrophic for the administration, because it signaled the end of the Democrats' ability to manage the early Cold War in the eyes of the American public. 2001 - acquisition of Demirbank TAS of Turkey. A few months later the nation's attention was focused solidly on foreign policy once again with the "fall of China" to Mao Zedong's Communists. 2000 - acquisition of Crédit Commercial de France; shares are traded on a fourth stock exchange in Paris. Shortly after Truman's inauguration, he presented his Fair Deal program to Congress, but it was not well received and only one of its major bills was enacted. 1999 - acquisition of Republic New York; shares are traded on a third stock exchange, the NYSE, as American Depositary Receipts or ADRs. Dewey and earning a term in the White House in his own right. de Inversiones of Argentina and Banco Bamerindus of Brazil. While it was widely expected that Truman would lose, he campaigned furiously and managed to pull off one of the greatest upsets in presidential election history by defeating Thomas E. 1997 - acquisition of Roberts S.A. As he readied for the approaching 1948 election, Truman made clear his identity as a Democrat in the New Deal tradition, advocating universal health insurance, and the repeal of the Taft-Hartley Act in a broad legislative program that he called the "Fair Deal". 1992 - acquisition of Midland Bank in the United Kingdom. Modest cuts were eventually enacted over his veto, but they were short-lived: the onset of the Korean conflict in 1950 once again required an increase in taxes. 1991 - HSBC Holdings is established; shares are traded on the London and Hong Kong stock exchanges. Truman fought the Republican Congress in 1947 and 1948 to prevent any reduction in tax rates. 1980s - Move into Canadian and Australian markets. Following many years of Democratic majorities in Congress and Democratic presidents, voter fatigue led to a new Republican majority in the 1946 midterm elections, with the Republicans picking up 55 seats in the House of Representatives and several seats in the Senate. 1965 - Purchase of a controlling interest in Hang Seng Bank of Hong Kong. Kennan wrote a long message from Moscow known as "The Long Telegram" explaining how Russian policy had nothing to do with the expansion of Communism but was about traditional Russian fears of invasion. 1959 - acquisition of The British Bank of the Middle East and the Mercantile Bank (based in India). ambassador George F. It is incorporated in Hong Kong by special dispensation from the British Treasury under the Hongkong and Shanghai Bank Ordinance 1866. To get Congress to spend on the Marshall Plan, Truman used an ideological argument about averting Communism to get the funding; although, it is highly unlikely that he believed this because he offered Marshall Plan money to the Soviets and U.S. 1865 - The Hongkong and Shanghai Banking Corporation Limited is established in Shanghai to finance the growing trade between China and Europe. Although some people were distrustful of his expertise on foreign matters, Truman was able to win broad support for the Marshall Plan, which was offered to the Eastern bloc countries and the Soviet Union, and then for the Truman Doctrine which sought to contain Soviet power in Europe. Nonetheless, as a Wilsonian internationalist, Truman strongly supported the creation of the United Nations, and included former First Lady Eleanor Roosevelt on the delegation to the U.N.'s first General Assembly. Realizing that the interests of the Soviet Union were quickly becoming incompatible with the interests of the United States government in the absence of a common enemy, Truman's administration articulated an increasingly hard line against the Soviets. It was not until Truman's second term, from 1949-1953, that he was joined by a vice president on his election ticket. presidents to serve nearly an entire term without a vice president. Truman was also one of the very few U.S. When Truman first took office, he was initially preoccupied with foreign policy: the Allied conference in Potsdam, the conclusion of the war in Europe, and then in August, with the decision to drop atomic bombs on Hiroshima and Nagasaki, Japan. Truman asked if there was anything he could do for her, to which the former First Lady replied, "Is there anything we can do for you? For you are the one in trouble now.". A famous story says that when Truman was summoned to the White House on April 12, it was the now former First Lady Eleanor Roosevelt who informed him that the president was dead. He was barely installed as vice president when Roosevelt died on April 12, 1945, elevating him to the presidency. His advocacy of common-sense cost-saving measures for the military gained him wide respect, and he emerged as a popular choice for the vice-presidential slot in 1944. Having always taken a keen interest in foreign affairs, Truman first gained national prominence in his second term when his preparedness committee (popularly known as the "Truman Committee") made a scandal of military wastefulness by exposing fraud and mismanagement. Once elected, Truman supported the president on most issues and became a popular member of the Senate "club," and was even voted as one of the ten "best-dressed" senators, soon overcoming his initial reputation as a member of the Pendergast machine. Roosevelt. In the 1934 election the Pendergast machine selected him to run for Missouri's open Senate seat, and he ran as a New Dealer in support of President Franklin D. In a similar paradox, Truman, who sometimes expressed negative views of Jews in his diaries, and referred to New York as "kike-town,"[1] also had a Jewish friend and business partner (Eddie Jacobson), and later became one of the moving forces behind the creation of the state of Israel. The Klan's enmity for him was increased even more during Truman's presidency, which marked the first significant improvement in the federal government's record on civil rights since the nadir of American race relations during the Wilson administration. As a result of the intricate tactical twists and turns of machine politics, Truman emerged from this period decisively opposed to and opposed by the Klan. The complicated evidence about, background for, and interpretation of this episode are discussed in detail in the article Notable Ku Klux Klan members in national politics. In 1924, at the urging of his friend Edgar Hinde, who said that it would be "good politics," Truman gave Hinde the $10 membership fee to join the Ku Klux Klan. Truman performed his duties in this office diligently, and won personal acclaim for several popular public works projects, including the series of 12 Madonna of the Trail monuments to pioneer women dedicated across the country in 1928 and 1929. Although he was defeated for re-election in 1924, he won back the office in 1926 and was re-elected in 1930. In 1922, with the help of the Kansas City Democratic machine, led by Boss Tom Pendergast, Truman was elected judge of the County Court of Jackson County, Missouri - an administrative, not judicial, position. He and Eddie Jacobson were friends for the rest of their lives, and it was to Eddie he turned for advice on the Zionist issue. Truman worked for years to pay off the debts. Harry blamed the fall in farm prices on the policies of the Republicans, and Secretary of the Treasury Andrew Mellon, in Washington, a factor that would influence his decision to become a Democrat. It was simple economics: in 1919 wheat went for $2.15 a bushel, in 1922 it was 88 cents a bushel. What shirts and ties that they did manage to sell went mainly to former members of the 129th. The store went bankrupt in 1922 after being very successful the first couple of years, but then the bottom fell out of the grain market, and lower prices for wheat and corn meant less sales of silk shirts. in downtown Kansas City. Sill and overseas, the men's clothing store of Truman & Jacobson opened at 104 West 12th St. A month before the wedding, banking on the success they had at Ft. 24 February 1924). The couple had one child, Margaret (b. At the war's conclusion, Truman returned to Independence and married his long-time love interest, Bess Wallace, on 28 June 1919. Under his command the artillery battery, Battery D, did not lose a single man. Truman later rose to the rank of Lieutenant Colonel in the National Guard and always remained proud of his military background. In France, Captain Truman's battery performed very well under fire in the Vosges Mountains. Pendergast, the nephew of Thomas Joseph (T.J.) Pendergast a Kansas City politician. James M. Sill, who would pay dividends after the war, was Lt. Another man he would meet at Ft. To help run the canteen, Harry enlisted the help of his Jewish friend Sergeant Edward Jacobson (Eddie), who had experience in a Kansas City clothing store as a clerk. Truman, at least by sight, and his name. This position would mean that nearly every soldier there would come to know Lt. Sill he was given the additional duty of running the camp canteen (to provide candy, cigarettes, shoelaces, sodas, tobacco, writing paper, etc.), to the soldiers. While at Ft. Before heading to France, Harry was sent for training at Fort Sill, near Lawton, Oklahoma. At his physical his eyesight was 20/50 in the right eye and 20/400 in the left eye. His unit was Battery D of the 129th Field Artillery, 60th Brigade, 35th Division. With the onset of American participation in World War I, Truman enlisted in the National Guard, was chosen to be an officer, and then commanded a regimental battery in France. He was the last president not to earn a college degree, although he studied for two years toward a law degree at the Kansas City Law School (currently the University of Missouri - Kansas City School of Law) in the early 1920s and was a fellow classmate of future United States Supreme Court Justice Charles Evans Whittaker. After graduating from high school in 1901, Truman worked at a series of clerical jobs before he decided to become a farmer in 1906, an occupation in which he remained for another ten years. When Truman was six years of age, his parents moved the family to Independence, Missouri, and it was there that Truman would spend the bulk of his formative years. A brother, John Vivian (1886-1965) soon followed, along with a sister, Mary Jane Truman (1889-1978). Truman was born on May 8, 1884 in Lamar, Missouri, the eldest child of John Anderson Truman and Martha Ellen Young Truman. Harry S. . Truman was a folksy, unassuming president, and popularized phrases such as "The buck stops here" and "If you can't stand the heat, get out of the kitchen." He exceeded the low expectations many had at the beginning of his administration, and developed a reputation as a strong, capable leader. armed forces, the formation of the United Nations, the second red scare, and most of the Korean War. Truman's presidency was very eventful, seeing the dropping of atomic bombs in Japan, the end of World War II, the Marshall Plan to rebuild Europe, the beginning of the Cold War, the desegregation of the U.S. Roosevelt. Truman (May 8, 1884–December 26, 1972) was the thirty-fourth Vice President (1945) and the thirty-third President of the United States (1945 – 1953), succeeding to the office upon the death of Franklin D. Harry S. dedicated by then Judge Truman. Madonna of the Trail monuments across U.S. Truman State University. Truman (CVN-75). USS Harry S. Truman Presidential Library and Museum in Independence, Missouri. Harry S. History of the United States (1945-1964). presidential election, 1948. U.S. presidential election, 1944. U.S. Truman Sports Complex. Marshall Plan/European Recovery Plan. Truman Doctrine - March 12, 1947. National Security Act - July 26, 1947. Project Paperclip - September, 1946. Sherman Minton - 1949. Tom Campbell Clark - 1949. Vinson - Chief Justice - 1946. Fred M. Harold Hitz Burton - 1945. |