Jul 5, 2023

9 Fun Facts About the Declaration of Independence

Weekly Market Commentary

As we commemorate the 247th anniversary of the signing of the Declaration of Independence, let’s take a moment to appreciate some interesting facts about this treasured document. Here are nine fun facts to enjoy!

  1. Independence was declared on July 2, the Declaration was adopted on July 4, and it was signed on August 2.
  2. John Hancock was the first to sign
  3. Thomas Jefferson is considered the author of the Declaration. A five-person committee made up of Jefferson, Benjamin Franklin, John Adams, Robert Livingston, and Roger Sherman contributed ideas.
  4. The Declaration and Constitution were taken to Fort Knox shortly after the attack on Pearl Harbor.
  5. There is a message on the back of the Declaration that reads, “Original Declaration of Independence dated July 4, 1776.” Experts believe it was added while in storage.
  6. The first public reading of the Declaration took place in Philadelphia on July 8, 1776.
  7. When George Washington read the Declaration in New York City on July 9, 1776, the words were so inspiring that the people started a riot.
  8. John Dunlap made about 200 copies, which were distributed throughout the colonies. There are only 26 known surviving “Dunlap Broadsides.”
  9. In 1989, someone discovered a previously unknown Dunlap Broadside hidden in a picture frame bought for $4 at a flea market. It sold in 2000 for over $8 million.

Sources: ConstitutionCenter.org, ConstitutionFacts.com, Military.com, CNN

Reproduction Prohibited without Express Permission. Copyright FDP Wealth Management. All rights reserved. Advisory Services offered through FDP Wealth Management, LLC, a state Registered Investment Advisor. Securities offered through Valmark Securities, Inc., Member FINRA/SIPC | 130 Springside Drive Suite 300 Akron, OH 44333-2431 | 800.765.5201. FDP Wealth Management, LLC is a separate entity from Valmark Securities, Inc. If you do not want to receive further editions of this weekly newsletter, please contact me at (949) 855-4337 or e-mail me at info@fdpwm.com or write me at 8841 Research Drive, Suite 100, Irvine, CA 92618. FDP Wealth Management, LLC, Valmark Securities, Inc. and their representatives do not offer tax or legal advice. You should consult your tax or legal professional regarding your individual circumstances. Indices are unmanaged and cannot be invested directly in. Past performance is not a guarantee of future results.

RELATED POSTS

Two Graphs and a Data Table

The labor market is moving back into balance. No longer do we come across articles touting the Great Resignation. In 2021 and 2022, it was ‘advantage employee.’ Employees still have some leverage, but the pendulum has gradually been swinging back to employers. Of course, this varies from industry to industry, but conditions are generally balanced.

Another Soft Inflation Number Bolsters the Case for Lower Rates

In 2021 and 2022, soaring inflation sparked the most aggressive series of rate hikes in decades. While prices remain high, the rate of those price increases has slowed, and the Federal Reserve may finally be seriously considering a reduction in interest rates.

At First Glance, Another Solid Jobs Report

The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose a solid 206,000 in June, topping the consensus forecast offered by Bloomberg News of 190,000. However, first glances may not always leave the correct impression. Private sector payrolls increased by a more modest 136,000, and nonfarm payrolls were revised downward by 111,000 in April and May.

A Dysfunctional Housing Market

What happens when mortgage rates tumble below 3% and then spike above 7%? Unintended consequences are bound to play out. In hindsight, they aren’t difficult to spot. You’re a winner if you have no intention of moving and were lucky enough to lock in ultra-cheap rates just a few years ago. Those who want to move or renters who want to buy are less fortunate.

Mixed Signals

Much has been made of the remarkable resilience of the American economy. Forecasters who confidently called for a recession in 2023 got it wrong. So far this year, the economy is generating new jobs, and the U.S. economy has yet to falter.