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In 1940, the U.S. government took delivery of 8,058 light trucks, 6,583 of which were 1 ⁄ 2 ‑tons, 4×4, Dodge G-505 VC-and WC-models (82%). [135] The 1 ⁄ 4 ‑ton jeep was yet to be designed. The half-tons provoked two insights: the military wanted many more, but also needed another vehicle – even smaller, lighter, and more agile.
The Second Bank of the U.S. had also maintained some control over other banks, but in its absence banks were only under state regulation. [118] One of the main problems with banks was over-issuance of banknotes. These were redeemable in specie (gold or silver) upon presentation to the chief cashier of the bank.
1823 – Stephen F. Austin receives a grant of land in Texas from the government of Mexico. 1870 – The construction of the Brooklyn Bridge begins. 1888 – The James Lick telescope (pictured), a refracting telescope at the Lick Observatory in San Jose, California, is used for the first time. It was the largest refracting telescope in the ...
The median income for a family was $36,842, well below the state median of $72,036. [171] 33.4% of families had income at or below the federally defined poverty level. Out of the total population, 47.3% of those under the age of 18 and 21.0% of those 65 and older had income at or below the federally defined poverty line. [172]