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The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1] Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2]
Throughout history, martial law has been imposed at least 68 [3] times in limited, usually local areas of the United States. Martial law was declared for these reasons: Twice for war or invasion, seven times for domestic war or insurrection, eleven times for riot or civil unrest, 29 times for labor dispute, four times for natural disaster and ...
In the United States, there are both federal and state laws prohibiting treason. [1] Treason is defined on the federal level in Article III, Section 3 of the United States Constitution as "only in levying War against [the United States], or in adhering to their Enemies, giving them Aid and Comfort."
State bankruptcies have recently become an open question as the coronavirus pandemic shreds many states’ finances. No state has ever declared bankruptcy, though. As state and local governments ...
SUMMARY: Republicans who just bailed out thousands of private companies and supported a vast increase in federal deficit-spending now want states to declare bankruptcy.
President Abraham Lincoln advising with his Generals during the American Civil War. President Abraham Lincoln was deeply involved in strategy development and day-to-day military operations during the American Civil War, 1861–1865; historians have given Lincoln high praise for his strategic sense and his ability to select and encourage ...
The table below lists the five wars in which the United States has formally declared war against ten foreign nations. [8] The only country against which the United States has declared war more than once is Germany, against which the United States has declared war twice (though a case could be made for Hungary as a successor state to Austria-Hungary).
The president is the civilian Commander in Chief of the Army and Navy of the United States. They have the authority to command them to take appropriate military action in the event of a sudden crisis. [4] However, only the Congress is explicitly granted the power to declare war per se, as well as to raise, fund and maintain the armed forces.