Indiana Mammoth Internal Improvement Act
The Indiana Mammoth Internal Improvement Act was a law passed by the Indiana General Assembly and signed by Whig Governor Noah Noble in 1836 that greatly expanded the state's program of internal improvements. It added $10 million to spending and funded several projects, including turnpikes, canals, and later, railroads. The following year the state economy was adversely affected by the Panic of 1837 and the overall project ended in a near total disaster for the state, which narrowly avoided total bankruptcy from the debt. By 1841, the government could no longer make the interest payments, and all the projects, except the largest canal, were handed over to the state's London creditors in exchange for a 50% reduction in debt. Again in 1846, the last project was handed over for another 50% reduction in the debt. Of the eight projects in the measure, none were completed by the state and only two were finished by the creditors who took them over. The act is considered one of the gr ...
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Governor Of Indiana
The governor of Indiana is the head of government of the State of Indiana. The governor is elected to a four-year term and is responsible for overseeing the day-to-day management of the functions of many agencies of the Indiana state government. The governor also shares power with other statewide executive officers, who manage other state government agencies. The governor works out of the Indiana Statehouse and holds official functions at the Indiana Governor's Residence in the state capital of Indianapolis. The 51st, and current, governor is Republican Eric Holcomb, who took office on January 9, 2017. The position of the governor has developed over the course of two centuries. It has become considerably more powerful since the mid-20th century after decades of struggle with the Indiana General Assembly and Indiana Supreme Court to establish the executive branch of the government as an equal third branch of the state government. Although gubernatorial powers were aga ...
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