Explosions occurred on Black Tom Island, less than a mile away from the Statue of Liberty which was damaged by the explosion
took place on July 30, 1916
New Jersey residents were awakened by a major explosion followed by a succession of explosions that lasted for several hours, sending shock waves as far as ninety miles away.
The reported property damage was over $20 million. The Black Tom depot with its freight cars, warehouses, barges, tugboats, and piers was completely destroyed
On the evening of the Black Tom incident, barges and freight cars at the depot were reportedly filled with over two million pounds of ammunition and explosives waiting to be shipped overseas.
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"By 1917, American loans to the Allies had soared to 2.25 billion; loans to Germany stood at a paltry 27 million."
"We didn't win a thing we set out for in the last war," said Senator Gerald Nye of North Dakota. "We merely succeeded, with tremendous loss of life, to make secure the loans of private bankers to the Allies." The overwhelming majority of Americans agreed; an opinion poll in 1935 found that 70 percent of Americans believed that intervention in World War I had been a mistake."
"We have loaned many hundreds of millions of dollars to the allies..."