Technology in the News Today
Born on this Day in History: June 5, 1949 - Ken Follet was born in Cardiff, Wales. In 1974, he left journalism to work for a book publisher. He found critical and commercial success with the spy thriller Eye of the Needle. Over the years, he has explored other genres, including nonfiction. He also tackled a variety of time periods, from medieval times to World War II to the Cold War to present-day.
On this Day in History: June 5, 1933 - The United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.