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The Year This Coin Was Minted...
In
1921, the Reparation Commission of Paris set Germany's liability for its
role in causing World War I at $33 billion, leading to the collapse of the
the German mark. The result was hyperinflation and a wrecked economy,
engendering a feeling of bitterness among the German people. An
outspoken critic of reparation payments, a young man named Adolf Hitler, begins to attract
many followers.
On June 1, a massive racial riot erupted in Tulsa,
Oklahoma. The melee broke out when mobs demanded the lynching of a
black man accused of assaulting a white female elevator operator. As
many as 300 people were believed killed.
The New York Giants defeated
the New York Yankees in the 1921 "Subway Series", by a margin of five games
to three. For the first time ever, baseball games were broadcast over
the radio.
In West Virginia, more than 2000 federal troops staved off
an attack by thousands of angry union coal miners against non-unionized
labor. Violence claimed dozens of lives during this period of labor
strife.
Former US president William Howard Taft was named as Chief
Justice of the Supreme Court in 1921. Taft served in this capacity
until Feb 3, 1930, only 35 days prior to his death.
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