The Economics of Presidency: A Look Back

shj022117_presidents_day_blog_imageHappy President’s Day! Each presidency comes with its fair share of champions and naysayers and we all know the numbers can be interpreted to support both sides of the aisle.

We’re celebrating this President’s Day with a look at various economic statistics during each President’s term since Eisenhower (1953 – 1961) as most data wasn’t consistently tracked before then. Enjoy the look back!
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Presidents Day: Fascinating Facts About 10 Past Presidents

For many, Presidents Day is simply a three-day-weekend. For others it is another day at the office. Presidents Day was first known as “Washington’s Birthday” and was established in 1885 in recognition of George Washington’s birthday. After the 1971 Uniform Monday Holiday Act, the day became commonly known as Presidents day. (source)

Join us today in learning a few facts about some of our former presidents:

George Washington (1st President 1789-1797)
George Washington’s estate was worth about $780,000 when he died which was about 0.19% of the nation’s GDP at that time. In 2014, his estate would have been worth about $34 billion in today’s dollars. (source) Continue reading