Yakezie Carnival : Capitol Building edition

by Suba on September 18, 2011 · 18 comments

On this day in 1793, George Washington laid the cornerstone to the United States Capitol building, the home of the legislative branch of American government. The building took nearly a century to complete, as architects came and went, the British set fire to it and it was called into use during the Civil War. Today, the Capitol building, with its famous cast-iron dome and important collection of American art, is part of the Capitol Complex, which includes six Congressional office buildings and three Library of Congress buildings, all developed in the 19th and 20th centuries.

This edition of the Yakezie Carnival includes some facts about the United States Capitol building. Hopefully this will give a little history lesson along with our great personal finance reads. (The posts with the Capital Dome are the editor’s pick!)

In spring 1792, Thomas Jefferson proposed a design competition to solicit designs for the Capitol and the President’s House, and set a four-month deadline. The prize for the competition was $500 and a lot in the federal city. At least ten individuals submitted designs for the Capitol; however the drawings were regarded as crude and amateurish, reflecting the level of architectural skill present in the United States at the time. The most promising of the submissions was by Stephen Hallet, a trained French architect. However, Hallet’s designs were overly fancy, with too much French influence, and were deemed too costly. A late entry by amateur architect William Thornton was submitted on January 31, 1793, to much praise for its “Grandeur, Simplicity, and Beauty” by Washington, along with praise from Jefferson. Thornton was inspired by the east front of the Louvre, as well as the Paris Pantheon for the center portion of the design. Thornton’s design was officially approved in a letter, dated April 5, 1793, from Washington.

Frugality

Sustainable Life Blog : Frugal Or Gross My current practices with white t-shirts can be described in 2 ways – are my habits frugal, or are my habits gross?

20′s Finances : Is Frugal Green? Raising the question of whether environmental care is inherent in the notion of frugal living.

Sustainable Personal Finance : Fashionable Pregnancy Clothes on a Budget – You can get stylish pregnancy clothes while maintaining a budget but you need to embrace recycling.

Smart Family Finance : Frugality is a Means, Not and End When we set difficult goals, sometimes we become distracted with the tools we use to accomplish them. This is a reminder that frugality is a means, not and end.

The Capitol dome as we see it now was not the original design. The Statue of Freedom was not added until 1863. The picture shows the first dome, which third Architect Charles Bulfinch added. This was due to some pretty extensive additions to the Capitol – although rebuilt after the War of 1812 fiasco, politicians quickly outgrew their workspace as states were added and more representatives filled the building. As the Capitol building was extended to make room, the Bulfinch dome looked out of place and disproportionate. The construction of the new dome took 11 years (Lincoln was sworn in under a half-finished dome) and nearly nine million pounds of iron.

General Personal Finance

Money Is The Root : The Importance of Cash Management Appropriate cash management is the first step in household finances.

Everything finance : How To Sell Your Gold Without Being Ripped Off Gold prices may be slumping today, but the price is still above $1,800 an ounce. For those who are strapped for cash, selling gold might seem like just the thing to do.

Not Made of Money : 4 Reasons To Avoid Private Mortgage Insurance There are so many people who purchased homes in the last eight to ten years, that were required to take out private mortgage insurance (PMI). For those who are not familiar with the term, PMI is an insurance policy that is paid for by the person(s) buying the home. However, it only provides protection to the bank or financial institution extending the loan.

Faithful with a Few : 5 Simple Ways To Take Advantage Of Low Interest Rates Many people are disappointed because of the low interest rates available today. They look at the fact that their bank accounts are paying pennies per year in interest, and conclude that they cannot get ahead financially. However, there are things that you can do to take advantage of low interest rates.

Fat Guy Skinny Wallet : Man Sues White Castle Because He’s Fat! Another fast food lawsuit was filed recently. This one is by Martin Kessman against White Castle, because he is too fat to fit in their booths! Share your opinion.

Daily Money Shot : Confession #1: I look in your shopping cart It’s not a pretty habit but it’s something that I needed to confess.

Money Q&A : What Are Your Financial Headwinds? Three of the biggest financial headwinds that you may be facing that are holding you back and why they may not be so bad after all.

FamilyMoneyValues : Are You Settling an Estate? What To Do Right Away When a loved one dies, it is devastating. When you are also responsible for the deceased’s estate, it gets even harder. You are on the spot to make sure that your loved one’s affairs are handled appropriately without tearing the family apart. If you have never dealt with death, you probably don’t know where to start. Here are suggestions on what you should do right away. 

DollarVersity : What Makes For a Good Financial Professional? Just having pieces of paper framed on a wall or fancy letters attached to a name doesn’t mean a person is good at what they do. You need to dig a little deeper to find a quality financial adviser.

Canadian Finance Blog : Common Questions about CPP Want to know more about CPP? Let’s look at the four most common questions about Canada Pension Plan.

One Cent At A time : Never Miss Good Opportunities to Spend Your Money When you go under spent on your budget do you feel worried or you feel happy about it? Do you keep the extra saving aside or spend it away. If you set aside as an extra saving, did you think if you have sacrificed today’s fun for tomorrow’s happiness?  

No one is buried in the Capitol. At one point, there were plans for the first president to be buried under the Capitol building in an area called the Crypt. Designers even received permission from Martha Washington to do so. When the time came to move the body from Mt. Vernon to D.C., plans fell through because Washington’s will specified that his final resting place should be Mt. Vernon. The Crypt is now used to keep some of the National Statuary Hall Collection and to house a gift shop.

Investing

Money for College Project : Can You Invest Student Loan Refunds? Many students receive thousands of dollars in student loan refunds every semester. it is possible, or ethical, to invest this money for a profit?

Financial Success for Young Adults : Young People Who Day Trade for a Living Do you consider trading to be gambling or do you think you could make a living just trading all day? There are some people who are able to day trade for their salary.

The College Investor : Using a DRIP to Reinvest Dividends How to use a DRIP to reinvest dividends and why it’s a good idea.

Investorz’ Blog : 9 Investment Rules that will Help You Weather Any Market Here are nine investment rules that will help you weather any market condition, whether it be a bear market or a stock market panic.

Compounding returns : Trading Options? Keep an Eye on Expenses A quick look at the importance of finding a low cost option broker.

Invest in the Markets : The Next Rare Earth Mineral Throw the word “rare” in front of almost anything and it’s valuation tends to go up. I suppose it’s the principle of scarcity. Well, what if you could get in on a rare earth mineral for which the uses are just beginning to be discovered? I’ll reveal the mineral and some potential stocks for your consideration!

Good Financial Cents : Investing with Lending Club – So Easy You’ll Freak! Lending Club has risen to one of the top providers for peer to peer lending. Here’s an extensive look on how easy it is to invest into their notes. Yes, it’s that easy.

Stock Market Basics : How to Buy Gold in the stock market Gold is a safe bet in an wobbly economy and you can definitely invest in gold without physically buying the gold. There are ways to buy gold in the stock market.

Canadian Personal Finance : Is Netflix (NFLX) Stock Headed For The Bottom? One of the main reasons I don’t like to invest in technology companies or technology services anymore is that the next ‘big thing’ can come along and convince the consumer to switch brands. An example is Netflix (NFLX). Their Unique Selling Proposition is that they are an easy way to view a huge library of videos and you can watch on a variety of devices and you do not need to buy cable anymore at an affordable price.

101 Centavos : Are Financial Newsletters Worth The Money Is paying for premium financial information worth the money? Perhaps it depends on just how premium it is… 

Free From Broke : TD Ameritrade Online Stock Trading Review In this TD Ameritrade review, see who the company is, what they offer, and find out if they are the best online discount brokerage for you.

The Capitol building weighs 188,500,000 lbs, is 287 feet from the grade to the top of the lantern. It is the fourth tallest masonry dome in the world. Originally it cost 7,385,768.21 to build. To reconstruct the Legislative Building with the same materials and workmanship today, it would cost over $1 billion. That is 135 times more! There are a total of 5341 bulbs lighting the building including 2550 15- to 300-watt incandescent bulbs and 2616 fluorescent light fixtures.

Credit & Debt

Money Reasons : Chase Freedom Credit Card Review – My Personal Take This is a review of the new Chase Freedom Credit Card. This is my personal take on the Chase Freedom credit card.

The Happy Homeowner : Do You Believe There is Good Debt? What is your take on labeling debt? This post tackles the idea of labeling debt as “good” or “bad.”

There used to be a law in place that restricted any building in D.C. from being built taller than the Captiol. It could be equal to the Capitol in height, but no higher than. Passed in 1899, this law didn’t last long – it was amended in 1910 and now the Capitol is only the fifth-tallest building in the District of Columbia. It’s shorter than the Washington Monument, the Basilica of the National Shrine of the Immaculate Conception, the Old Post Office and the Washington National Cathedral.

Economics & Entrepreneurship

FIRE Finance : What is the Current Unemployment Rate? Unemployment has been a rising concern since the US economy went into recession. At present, our president is trying to boost employment by providing tax cuts and tax credits to encourage businesses to hire. In most reports concerning the US economy, the unemployment rate is frequently mentioned. But many are at a loss for understanding what this number really means. Let’s take a look at the unemployment numbers and try to unravel its real meaning.

My Multiple Incomes : How To Convert Spam Into Dollars Every blogger gets a ton of spam emails. Here is my trick to convert those into paying customers.

TotallyMoney : The truth about making money from blogging The truth about trying to make money with your blog

20 and Engaged : Is It Them or Me? Wondering if my clients are being unreasonable or if I’m truly not as professional as I try to be with them.

Up to four U.S. flags can be seen flying over the Capitol. Two flagpoles are located at the base of the dome on the East and West sides. These flagpoles have flown the flag day and night since World War I. The other two flagpoles are above the North (Senate) and South (House of Representatives) wings of the building, and fly only when the chamber below is in session.

Suba

Suba is the editor of Broke Professionals.

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{ 10 comments… read them below or add one }

1 Tony @ Investorz' Blog September 18, 2011 at 11:34 am

Thanks for the mention! I actually never knew so much about the Capitol until now! THanks! :)

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2 20's Finances September 18, 2011 at 11:37 am

Great work. I never knew there was a crypt in the Capitol building that was going to house the president(s). History always has little “nuggets” of interesting facts. Thanks for the shout out. I am sure it will be just as interesting for others as it was for me. :)

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3 Canadian Personal Finance September 18, 2011 at 12:18 pm

Thanks for adding my inauguaral post to the Yakezie Network. So pleased to be part of such a great group!

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4 SB @ One Cent At A Time September 18, 2011 at 5:54 pm

Good carnival, thanks for incorporating my last minute submission. Capitol building looks awesome at night, with white lights on.

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5 Glen Craig September 18, 2011 at 9:27 pm

Thanks for hosting and great facts!

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6 Khaleef @ KNS Financial September 18, 2011 at 11:35 pm

Thanks for hosting and including my link!

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7 Khaleef @ Fat Guy Skinny Wallet September 18, 2011 at 11:39 pm

Hey Suba (yes, I’m leaving comments for both sites ;-))!

Thanks for hosting the carnival and including my links!

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8 Robert @ The College Investor September 21, 2011 at 1:14 am

Thanks for the mention!

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9 FIRE Finance September 21, 2011 at 12:42 pm

Thanks for hosting the carnival and including our post. Best wishes ahead :).

Cheers,
FIRE Finance

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10 Doctor Stock September 26, 2011 at 9:56 pm

Thanks for hosting… I’m finally getting around to reading several of these. I love the theme too.

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