Engraved world map, hand-colored, printed on paper, showing the route of Francis Drake’s circumnavigation of the globe 1577-1580

• 1577-12-13 Francis Drake sets sail from England on an epic three year circumnavigation of the world aboard the Golden Hind
• 1580-09-26 Francis Drake completes circumnavigation of the world, sailing into Plymouth aboard the Golden Hind

Source: onthisday.com

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act , after a series of financial panics (particularly the panic of 1907 ) led to the desire for central control of the monetary system in order to alleviate financial crises .

As outlined in his Fourteen Points speech, President Wilson’s vision for world peace created the League of Nations. On December 13, 1920, The League of Nations created the International Court of Justice in The Hague.

For the complete article: todayinhistory.org

On December 12, 1787, Pennsylvania became the second state to ratify the Constitution, by a vote of 46 to 23. Pennsylvania was the first large state to ratify, as well as the first state to endure a serious Anti-Federalist challenge to ratification.

Source: YouTube.com and history.com

1899

DEC12

George F. Grant, an African American dentist from Boston, receives US Patent number 638,920 for the world’s first golf tee. Neither a marketer nor an inventor, Grant gives away a few copies of his creation but makes no money from it before he dies.

history.com