Babe Ruth Signs Contract - HISTORY

See historic footage of baseball slugger Babe Ruth, including his signing of what was then the richest contract in baseball.

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See newsreel footage of children gathering around Babe Ruth dressed as Santa Claus.

In this clip from the hit show This Day In History, we get to take a look at some remarkable things that have happened on June 2nd all around the world. See all the great facts, from Queen Elizabeth's crowning to Babe Ruth's retirement. You won't want to miss all the interesting things about this day in our history.

On February 17, 2009, in Denver, Colorado, President Barack Obama discusses the American Recovery and Reinvestment Act before he signs it into law. The $787 billion stimulus package was designed to create or save jobs in the wake of mass layoffs brought about by the Great Recession.

On December 8, 1993, before President Bill Clinton signed the North American Free Trade Agreement, he delivered a speech about the gains to be made. Prior to its ratification, the agreement, which removes most barriers to trade and investment among the United States, Canada and Mexico, was hotly debated in Congress.

On September 7, 1977, President Jimmy Carter and Panamanian leader Omar Torrijos signed the Panama Canal Treaty, which ceded U.S. control of the canal beginning in 2000 and guaranteed the neutrality of the waterway thereafter. President Carter delivers a speech on the occasion of the treaty signing.

On April 4, 1949, the North Atlantic Treaty was signed by 12 Western democracies, creating the North Atlantic Treaty Organization (NATO). President Harry Truman speaks at the signing ceremony on the significance of the new military alliance the first ever made during peacetime.

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