The first vehicular crossing between New Jersey and New York, the Holland Tunnel, opened on Nov. 13, 1927. Today is its 90th Birthday.
The engineering marvel was named for the tunnel's chief engineer, Clifford M. Holland.
Among the fun facts about the Holland Tunnel:
-- It's original name was the Hudson River Vehicular Tunnel
-- President Calvin Coolidge officially opened the tunnel from a yacht on the Potomac River
-- The Holland Tunnel was the first of six New Jersey-New York crossings, one other tunnel ()Lincoln Tunnel) and four bridges. The George Washington Bridge, and three other bridges -- Bayonne, the Goethals and the Outerbridge Crossing -- connect New Jersey and Staten Island
-- The tunnel was not designated as a National Historic Landmark by the U.S. Department of the Interior until 1993.
-- The initial cost of going through the tunnel was 50 cents for cars, 25 cents for a motorcycle and $2 for large trucks. That 50 cents is equivalent to $7.09 today, but tolls are now double that: $14 for a car! ! ! !
-- The cost of the tunnel in 1927 was $48 million. By comparison, officials are saying the cost of the proposed Gateway Tunnel between the states could be $13 billion.
If nothing else, the unbelievable increase in Toll costs shows how our cash money has become DEVALUED over the years, because the "Federal Reserve" prints money out of thin air, and backs it with nothing.
When our cash was backed by Silver (Which is why the dollar Sign is an "S" with a line through it ($)) our money retained its value because it was directly linked to something tangible and valuable. Now, our money is backed by literally NOTHING. So the more they print, the less value all the rest of the cash has!
And we know that the money has become less valuable because the Tolls for the tunnels went up so much; after all the tunnel didn't get any longer or wider!
There's your history lesson for the day.
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