01.010309.2_In the News
[00:04.98]This is In the News in VOA Special English.
[00:10.09]Each December, the editors
[00:12.35]and news directors of the Associated Press
[00:16.38]vote for the top ten news stories of the year.
[00:21.34]They chose the election of Barack Obama
[00:24.33]as president of the United States
[00:26.89]as the top news story of 2008.
[00:31.51]President-elect Obama is the first black man
[00:35.46]to be elected president of the United States.
[00:39.86]His decisive victory over Republican Senator
[00:43.73]John McCain brought down
[00:45.94]the last racial barrier in American politics.
[00:51.06]His campaign for the White House
[00:53.05]lasted 21 months.
[00:56.32]The American economic crisis was second
[01:00.10]on the list of top stories last year.
[01:04.09]Wall Street investment banks
[01:07.08]and other financial companies collapsed.
[01:11.30]The stock market suffered huge losses.
[01:15.54]2008 was considered the worst
[01:18.60]economic year since the 1930s.
[01:24.00]The price of oil was voted the third
[01:26.82]top story of the year.
[01:29.54]Less than 6 months ago, oil traded
[01:32.71]at a record 147 dollars a barrel.
[01:37.60]Now, oil is trading for less than 40 dollars a barrel.
[01:43.54]At the root of the sharp price decrease
[01:46.82]is reduced demand because of
[01:49.54]the economic downturn.
[01:52.27]The war in Iraq was fourth on the list.
[01:56.90]The American troop surge helped
[02:00.15]reduce violence in Iraq.
[02:03.02]But bombings and kidnappings continued.
[02:07.62]A recent security agreement between Iraq
[02:10.86]and the United States sets a plan
[02:13.87]for American troop withdrawal by 2012.
[02:19.99]The Beijing Olympic Games were next on the list.
[02:24.93]After 7 years of preparations,
[02:27.74]the Summer Olympic Games were held
[02:30.59]in China for the first time.
[02:34.13]American swimmer Michael Phelps won
[02:36.90]8 gold medals, breaking the record for the most
[02:41.52]gold medals won at a single Olympics.
[02:46.16]Also among the top news stories was
[02:50.09]the huge earthquake that struck China in May.
[02:54.77]70,000 people were killed in Sichuan province.
[03:00.13]Another 5 million lost their homes.
[03:04.99]Alaska Governor Sarah Palin also made
[03:08.43]the list of major news stories.
[03:11.94]She became well-known
[03:13.66]after Republican presidential candidate
[03:16.92]John McCain chose her as his
[03:20.10]vice presidential running mate.
[03:23.54]She was the first female vice
[03:25.96]presidential candidate of the Republic Party.
[03:30.35]In November, 10 terrorists attacked
[03:34.38]India's financial center, Mumbai.
[03:38.18]More than 160 people were killed
[03:41.69]during 2.5 days of violence.
[03:45.97]Hillary Clinton's candidacy for president was
[03:49.23]also among the top news stories.
[03:53.03]She came closer than any other woman
[03:55.86]in American history to becoming
[03:58.57]a major party's presidential candidate.
[04:02.93]Barack Obama nominated her to become
[04:05.68]the next secretary of state.
[04:09.48]And finally, the 10th news story of the year was
[04:13.85]the 5-day war between Russia and Georgia.
[04:19.20]The war was the worst violence since
[04:22.42]South Ossetia declared independence
[04:25.79]from Georgia in 1992.
[04:30.03]And that's In the News
[04:32.34]in VOA Special English,
[04:35.43]written by Brianna Blake.
[04:37.78]You can find other reports from the past year
[04:41.58]on our web site at voaspecialenglish.com.
[04:48.02]I'm Steve Ember.
[04:50.11]
[04:51.20]Subtitles: www.justlisten.cn
01.010109.3_The Making of a Nation
[00:00.00]THE MAKING OF A NATION
[00:02.50]American History Series No. 65:
[00:05.00]VOA Special English program
[00:07.50]2009.01.01.
[00:08.50]
[00:10.77]Welcome to the Making of a Nation -
[00:14.10]American history in VOA Special English.
[00:18.99]Last week in our series, we talked about
[00:22.15]the election of Martin Van Buren in 1836
[00:26.79]as the 8th president of the United States.
[00:31.55]Van Buren had been very close to
[00:34.12]the outgoing president, Andrew Jackson.
[00:38.09]Van Buren had been successful in forming
[00:41.51]a strong political alliance that helped
[00:44.69]put Jackson in the White House
[00:46.91]in the election of 1828.
[00:50.97]Jackson was grateful for Van Buren's help,
[00:54.55]and asked him to come to Washington
[00:57.36]to serve as secretary of state.
[01:01.26]Van Buren had just been elected
[01:03.76]governor of the state of New York,
[01:06.50]but decided to accept Jackson's offer.
[01:10.27]This week, Steve Ember and Gwen Outen
[01:13.81]talk about Martin Van Buren
[01:16.27]and the start of his presidency.
[01:19.58]Van Buren quickly became
[01:21.59]the most powerful man in Jackson's cabinet.
[01:25.79]He was able to help Jackson in negotiations
[01:29.78]with Britain and France.
[01:32.40]But his greatest help was in building
[01:35.04]a strong political party for Jackson.
[01:38.78]It was this party that gave Jackson
[01:41.88]wide support for his policies.
[01:45.59]Van Buren built up the national Democratic Party
[01:49.69]with the same methods he used to build
[01:52.80]his political organization in New York state.
[01:57.35]He removed from government jobs
[02:00.04]people who had not supported Jackson.
[02:03.89]These jobs were then given to those
[02:06.99]who had supported the president.
[02:10.41]Van Buren served as secretary of state
[02:13.50]for 2 years.
[02:15.73]He resigned because he saw his resignation
[02:19.19]as the only way of solving a serious problem
[02:23.48]Jackson faced.
[02:25.45]The problem was Vice President
[02:28.17]John C. Calhoun.
[02:30.28]Calhoun had presidential hopes.
[02:33.81]He did not think Jackson would serve
[02:36.83]more than one term.
[02:39.21]And he planned to be a candidate
[02:41.36]in the next election.
[02:43.80]3 of the 5 men in Jackson's cabinet
[02:48.05]supported Calhoun.
[02:50.70]Jackson could not trust them.
[02:53.34]And he wanted to get them out of the cabinet,
[02:56.38]but without a political fight.
[02:59.68]Then, later, he named Van Buren
[03:02.83]minister to Britain.
[03:05.34]But Calhoun's supporters in the Senate
[03:08.09]defeated Van Buren's nomination.
[03:11.67]By this time, Jackson had decided that
[03:15.25]Van Buren would be the best man
[03:18.26]to follow him as president.
[03:21.61]He offered to resign after the 1832 elections
[03:26.68]and give Van Buren the job of president.
[03:31.21]Van Buren rejected the offer.
[03:34.00]He said he wanted to be elected
[03:36.95]by the people.
[03:38.94]But he did agree to be
[03:40.62]Jackson's vice president in 1832.
[03:45.56]
[04:00.76]4 years later, at Jackson's request,
[04:04.26]the Democrats chose Van Buren
[04:06.95]to be their presidential candidate.
[04:10.01]He was opposed by several candidates
[04:12.92]of the newly formed Whig Party.
[04:16.08]The opposition was divided.
[04:18.96]And Van Buren won the election
[04:21.53]with little difficulty.
[04:24.33]Andrew Jackson stood
[04:25.96]beside Martin Van Buren
[04:28.31]as the new president was sworn-in.
[04:31.67]Physically, the two men were very different.
[04:36.39]Jackson was tall, with long white hair
[04:40.32]that flowed back over his head.
[04:43.55]Jackson's health had been poor
[04:46.13]during the last few months he spent
[04:48.69]in the White House.
[04:50.85]He seemed tired.
[04:53.01]There was almost no color in his face.
[04:57.16]Van Buren was much shorter
[05:00.12]and had much less hair.
[05:02.83]His eyes were brighter than those
[05:05.12]of the old man next to him.
[05:08.59]In his inaugural speech, Van Buren noted
[05:12.68]that he was the first American born
[05:15.80]after the revolution to become president.
[05:20.18]He said he felt he belonged to a later age.
[05:25.44]He called for more unity among Democrats
[05:28.80]of the North and South.
[05:31.68]He said better times were ahead
[05:34.57]for the country.
[05:36.77]Van Buren had a strange way with words.
[05:40.94]He could talk with excitement
[05:42.82]about something, but say very little
[05:46.20]about his own feelings on the subject.
[05:50.26]Once, he spoke in New York
[05:52.38]about the tax on imports.
[05:55.75]2 men who heard the speech discussed it later.
[06:00.28]"It was a very able speech," said one man,
[06:04.33]a wool buyer.
[06:06.12]"Yes, very able," answered his friend.
[06:09.47]There was silence for a moment.
[06:12.27]Then the first man spoke again.
[06:15.24]"Was Mr. Van Buren for or against the import tax?"
[06:21.91]The new president was a warm and friendly man.
[06:25.87]He tried to keep his political life
[06:28.79]and his social life separate.
[06:32.32]It was not unusual to see him
[06:34.82]exchange handshakes, smiles and jokes
[06:38.46]with men who were his political enemies.
[06:43.41]Van Buren had a poor education as a boy.
[06:47.97]He went to school only for a few years.
[06:52.22]His father was a farmer and hotel keeper
[06:55.72]at a little town in New York state.
[06:59.67]Van Buren had a quick mind
[07:01.98]and was a good judge of men.
[07:04.64]But he always felt he could have done
[07:06.88]more had he received a college education.
[07:11.25]
[07:24.74]Van Buren had been president for
[07:26.60]just a few days when an economic crisis
[07:30.12]and a political storm struck the country.
[07:34.19]The storm had been building for many months.
[07:38.35]It really began with the death of the Bank of
[07:42.04]the United States more than a year before.
[07:46.53]Andrew Jackson had opposed
[07:48.88]the powerful bank in which
[07:51.22]the government's money was kept.
[07:54.56]He vetoed a bill that would have continued it.
[07:59.01]The bank was so strong that it was able to
[08:02.54]control the economy throughout
[08:05.27]most of the country.
[08:07.70]It did so through its loans to businessmen.
[08:12.36]By making many loans, the bank could increase
[08:17.11]economic activity.
[08:19.65]By reducing the number of loans,
[08:22.31]the economy could be tightened.
[08:26.17]The Bank of the United States also helped
[08:29.18]to control the smaller state banks.
[08:32.87]It refused to accept the notes,
[08:35.95]or paper money, of these banks,
[08:39.20]unless the state banks were ready to
[08:41.78]exchange the paper for gold or silver money.
[08:46.97]After the end of the Bank of
[08:49.19]the United States, there was little control of
[08:52.51]any kind over the state banks.
[08:56.47]Many new state banks opened.
[09:00.14]All of them produced large amounts of
[09:03.28]paper money -- many times the amount
[09:06.44]they could exchange for gold or silver.
[09:10.38]Much of this paper money was used
[09:13.35]by business speculators
[09:15.72]to buy land from the government.
[09:18.78]These men bought the land, held it
[09:22.16]for a while, then sold it for more than they paid.
[09:27.81]The government soon found itself
[09:30.42]with millions of dollars of paper money.
[09:34.83]To stop this, President Jackson ordered gold
[09:38.87]or silver payments only for government land.
[09:44.08]This made it necessary for speculators to
[09:47.74]exchange their paper notes for gold.
[09:52.75]Many banks could not do this.
[09:55.96]They did not have enough gold.
[09:59.15]There was another problem.
[10:01.61]Congress passed a law on what was
[10:04.91]to be done with federal money not needed
[10:08.41]by the national government.
[10:11.29]This extra money, or surplus,
[10:14.83]was to be given to the states.
[10:18.39]Since the closing of the Bank of
[10:20.30]the United States, the government had kept
[10:24.12]its money in a number of state banks.
[10:28.64]Now these banks had to surrender
[10:32.08]the government surplus
[10:33.92]to the state governments.
[10:37.12]This left even less gold and silver to
[10:41.28]exchange for the huge amounts of
[10:44.34]paper money the banks had issued.
[10:47.60]
[11:12.77]There was still another demand for
[11:15.68]what gold the banks had.
[11:18.41]1835 and 1837 were bad years
[11:24.19]for American agriculture.
[11:27.05]Many crops failed.
[11:30.04]Instead of the United States exporting farm
[11:33.66]products to Europe, the opposite happened.
[11:38.11]American traders had to import
[11:40.94]these things from Europe.
[11:43.64]And they had to pay for them in gold or silver.
[11:48.70]As more and more paper money was put into use,
[11:52.58]the value of the money fell.
[11:56.07]Prices rose higher and higher.
[11:59.85]Poor people found it almost impossible
[12:03.53]to buy food and other necessities.
[12:07.44]In 1835, a barrel of flour cost 6 dollars.
[12:13.50]2 years later, the price had jumped to
[12:16.71]more than 12 dollars.
[12:19.77]The same was true with meat and other foods.
[12:24.05]Even coal, the fuel people used
[12:27.12]to heat their homes, cost twice as much.
[12:31.61]Poor people protested.
[12:34.55]But businessmen were satisfied.
[12:38.02]They wished to continue
[12:40.19]the flood of paper money.
[12:42.65]Violence finally broke out
[12:45.90]at a protest meeting in New York City.
[12:50.30]A crowd of angry people heard speakers
[12:54.39]criticize the use of paper money.
[12:59.03]Some in the crowd began demanding
[13:02.67]action against the rich traders.
[13:06.97]A crowd of about 1,000 marched to
[13:11.12]a nearby store, broke into it, and destroyed
[13:16.79]large amounts of flour and grain.
[13:21.42]In the spring of 1837, the demand on banks
[13:26.48]for gold and silver grew too heavy.
[13:31.12]The banks stopped honoring their promises
[13:34.43]to exchange their paper money for gold.
[13:38.98]They said this was just temporary.
[13:42.90]That it was necessary to stop - for a while -
[13:46.80]all payments in gold or silver.
[13:50.92]The crisis got worse.
[13:53.86]That will be our story in the next program of
[13:57.61]The Making of a Nation.
[14:00.64]
[14:10.74]Our program was written by
[14:12.68]Frank Beardsley.
[14:14.31]The narrators were Steve Ember
[14:16.74]and Gwen Outen.
[14:18.81]Transcripts, MP3s and podcasts
[14:22.07]of our programs are online,
[14:24.91]along with historical images,
[14:27.21]at voaspecialenglish.com.
[14:31.55]Join us again next week for
[14:33.97]The Making of a Nation -
[14:36.46]an American history series
[14:38.76]in VOA Special English.
[14:42.73]
[14:44.23]Subtitle: www.justlisten.cn