European Central Bank founded

European Central Bank founded

May 2, 2010 04:00:00 am

On May 2, 1998, the European Central Bank (ECB) was founded to set monetary policy for the sixteen EU nations who use the Euro as their primary currency.

Learn more about the ECB from the organization’s website.

THIS DAY @ LAW

Justinian I issues Corpus Juris Civilis

On April 7, 529 Byzantine Emperor Justinian I issued the first draft of Corpus Juris Civilis (Body of Civil Law). The Justinian Code represented a revival of Roman Law and a compilation of laws for the Byzantine Empire. It became the foundation of Canon Law in the Catholic Church and Civil Law in modern Europe. Learn more about the Corpus Juris Civilis.

Supreme Court ruled on possession of obscene materials

On April 7, 1969, the US Supreme Court ruled in Stanley v. Georgia that laws prohibiting private possession of obscene materials were unconstitutional.