Photo: Julia Volk

Why is God on money?

Adding “In God We Trust” to currency, Bennett believed, would “serve as a constant reminder” that the nation's political and economic fortunes were tied to its spiritual faith. The inscription had appeared on most U.S. coins since the Civil War, when Treasury Secretary Salmon P. Chase first urged its use.

history.house.gov - The Legislation Placing “In God We Trust” on National Currency

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Historical Highlights

About this object Collection of the U.S. House of Representatives

On this date, President Dwight D. Eisenhower signed into law H.R. 619, a bill that required that the inscription “In God We Trust” appear on all paper and coin currency. Representative Charles E. Bennett of Florida introduced the resolution in the House where it won fast backing from the Committee on Banking and Currency and support from like-minded Members such as Herman Eberharter of Pennsylvania and Oren Harris of Arkansas. “Nothing can be more certain than that our country was founded in a spiritual atmosphere and with a firm trust in God,” Bennett proclaimed on the House Floor. “While the sentiment of trust in God is universal and timeless, these particular four words ‘In God We Trust’ are indigenous to our country.” Furthermore, Bennett invoked the cold war struggle in arguing for the measure. “In these days when imperialistic and materialistic communism seeks to attack and destroy freedom, we should continually look for ways to strengthen the foundations of our freedom,” he said. Adding “In God We Trust” to currency, Bennett believed, would “serve as a constant reminder” that the nation’s political and economic fortunes were tied to its spiritual faith. The inscription had appeared on most U.S. coins since the Civil War, when Treasury Secretary Salmon P. Chase first urged its use. Until passage of the 1955 law, however, “In God We Trust” had not appeared on paper currency and, from time to time, had not been inscribed on certain classes of coins. Bennett’s measure sailed through the House, passing on an unrecorded voice vote. The Senate approved the measure less than three weeks later. The first dollar bills bearing the inscription entered circulation in 1957, shortly after “In God We Trust” also had been made the official national motto by an act of Congress.

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moneycontrol.com - Meet world's youngest self-made billionaire Alexandr Wang. He ...

Alexandr Wang had started Scale AI at 19 and now, after a $325 million funding round last year valued Scale AI at $7.3 billion. (Image credit: @alexandr_wang) As a kid, Alexandr Wang was a math whiz who liked participating in national math and coding competitions. At 25, he is the world's youngest self-made billionaire and his company uses artificial intelligence to analyse how much damage Russian bombs are causing in Ukraine. Scale AI, Wang’s six-year-old San Francisco–based company already has three contracts worth $110 million to help America’s Air Force and Army employ artificial intelligence (AI), Forbes reported. Scale AI’s technology works much faster than human analysts to examine satellite images and is useful not just for the military. According to Forbes, over 300 companies, like Flexport and General Motors, use Scale to help retrieve information from raw data such as, say, raw footage from self-driving cars or millions of documents. “Every industry is sitting on huge amounts of data,” Alexandr Wang told Forbes. “Our goal is to help them unlock the potential of the data and supercharge their businesses with AI.” He had started the company at 19 and now, after a $325 million funding round last year valued Scale AI at $7.3 billion, the Forbes report stated. In it, Wang’s estimated stake of 15 per cent is worth about $1 billion, making him the world’s youngest self-made billionaire. Wang's parents were physicists and worked on weapons projects for the US military. When in school, he had taken up coding at Quora, when he met Lucy Guo and later went on to set up Scale AI with her. “I told my parents it was just going to be a thing I did for the summer,” Wang told Forbes. “Obviously, I never went back to school.”

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