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03/12/2023

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August 14th, 226th Day of the Year.

Enzo Ferrari. Died August 14, 1988, Modena, Italy.

Italian Automobile Manufacturer.

Enzo Ferrari, (born February 18, 1898, Modena, Italy—died August 14, 1988, Modena), Italian automobile manufacturer, designer, and racing-car driver whose Ferrari cars often dominated world racing competition in the second half of the 20th century. Ferrari raced test cars for a small automobile company in Milan after World War I. In 1920 he became a racing-car driver for the Alfa Romeo Company, and in 1929 he formed a racing stable, Scuderia Ferrari, which remained Alfa Romeo’s official racing team even after Ferrari himself ceased to drive in races in 1932. The first racing car...


Hans Christian Ørsted. Born August 14, 1777, Rudkøbing, Denmark.

Danish Physicist and Chemist

Hans Christian Ørsted, Ørsted also spelled Oersted, (born August 14, 1777, Rudkøbing, Denmark—died March 9, 1851, Copenhagen), Danish physicist and chemist who discovered that electric current in a wire can deflect a magnetized compass needle, a phenomenon the importance of which was rapidly recognized and which inspired the development of electromagnetic theory. In 1806 Ørsted became a professor at the University of Copenhagen, where his first physical researches dealt with electric currents and acoustics. During an evening lecture in April 1820, Ørsted discovered that a magnetic needle aligns itself perpendicularly to a current-carrying wire, definite...


Arthur Laffer. Born August 14, 1940, Youngstown, Ohio, U.S.

American Economist

Arthur Laffer, in full Arthur Betz Laffer, (born August 14, 1940, Youngstown, Ohio, U.S.), American economist who propounded the idea that lowering tax rates could result in higher revenues. His theory on taxes influenced U.S. economic policy in the 1980s. Laffer studied economics at Yale University (B.A., 1963) and international economics at Stanford University (M.B.A., 1965; Ph.D., 1972). As chief economist for the Office of Management and Budget (1970–72), he attracted attention for his supply-side economic theories, which held that reductions in federal taxes on businesses and individuals...


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