
The Fifth of November is also symbolic of certain political events in the United States as this is around the time U.S. Citizens are encouraged to vote a presidential candidate into the White House for a four-year term. The root of the word "president" comes from the Latin "prae" meaning "before", and "sedere" meaning, "to sit," thus, "to sit before." The President ultimately "presides" over the debts of the United States owed to foreign entities, particularly the British Crown. The following is a brief history of how this political cycle and timing came into significance here in the United States.
The British government had helped to protect its commercial interests in the colonies by and aiding the Colonists in fighting off the Bourbons (Kingdoms of France and Spain) during the Seven Year's War. The Treaty of Paris of 1763 created a peace agreement where Colonists had consented to the British government doubling duties and excise taxes for the heavy debts accumulated from international investment banking financiers to cover the costs of war.
The American Revolutionary War began in 1775 after a series of tax protests from the Colonists. Not only did the people of the colonies participate in the famous Boston Tea Party, but they refused to consent to further arbitrary legislation where Britain indentured the Colonists into a perpetual state of taxation because of the war debts originally agreed to in the Treaty of Paris in 1763. In 1776, the Continental Congress encouraged the people to individually and formally severe ties with the British Crown, form their own independent governments, and craft constitutions.
Since almost nobody followed this instruction for another 7 years for fear of British retaliation, official delegates of the colonies met with David Hartley, a British attorney and representative of the British Crown, to negotiate and sign the Treaty of Paris of 1783. This treaty; however, was only one of several peace agreements bundled up into what became known as the Peace of Paris.
The French had owed the United States 18,000,000 in livre (a now obsolete form of French currency), so the United States of America and the British government came to amicable negotiations where the terms were more favorable for the United States and that the United States would use this debt owed to them to pay their debts to the Crown. The British originally allowed a three-year grace period before paying anymore debts until peace had been realized for that time in the colonies, but when the Constitution of the People for the United States was ratified in 1787, Article 1; Section 1 outlined that the President of the United States would be committed to serve a four-year term. The national deficit has grown from 18 million to $16 trillion.
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