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Archie Lochhead
Archie Lochhead (November 17, 1892 – January 15, 1971) was the first Director of the Exchange Stabilization Fund, Technical Assistant to Secretary of the Treasury Henry Morgenthau, Jr. under the Franklin D. Roosevelt administration, and President of the Universal Trading Corporation. He also served as monetary advisor to the Chinese Ministry of Finance, and was awarded the Grand Cordon of the Order of Brilliant Star by the Chinese Nationalist government "in recognition of his meritorious services." Early life Archie Lochhead was born in New York City in 1892, to Scottish immigrant parents Elizabeth Potter Lochhead and James McDougall Lochhead. His father was a marine engineer who died at sea aboard the steamship Alvo in August 1893. Archie was thereafter raised by his mother in New York City. He graduated at the top of his class from the High School of Commerce in 1911 where he wrote his high school thesis on central banking. Brown Brothers and World War I service Upon graduati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Stabilization Fund
The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention. This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without directly affecting domestic money supply. As of October 2009, the fund held assets worth $105 billion, including $58.1 billion in special drawing rights (SDR) from the International Monetary Fund. Background The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of January 31, 1934. . It was intended as a response to Britain's Exchange Equalisation Account. The fund began operations in April 1934, financed by $2 billion of the $2.8 billion paper profit the government realized from raising the price of gold to $35 an ounce from $20.67. The act authorized the ESF to use its capital to deal in gold and foreign exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Order Of Jade
The Order of Brilliant Jade is a civilian order of the Republic of China that can be worn only by the head of a nation. According to regulations, the order can only be presented by the president of the country or an emissary expressly dispatched to friendly nations for the conferment. The order was instituted in 1933. It has a star-patterned face of inlaid jade bordered with gold and pearls. In the centre there is white sun surrounded by blue sky, the national emblem. Previously, the Order of the Brilliant Jade was divided into two, namely Grand Order of Brilliant Jade (current) and Order of Brilliant Jade with nine ranks. Controversy and suggestions to rename The Chinese official name of the order 采玉大勳章 (''cǎi yù dà xūnzhāng'') was claimed to be named after President Chiang Kai-shek's mother, Wang Caiyu (''Wáng Cǎiyù'') by Democratic Progressive Party members of Legislative Yuan, and there are suggestions from the pan-green coalition to rename the order to suit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politicians From New York City
A politician is a person active in party politics, or a person holding or seeking an elected office in government. Politicians propose, support, reject and create laws that govern the land and by an extension of its people. Broadly speaking, a politician can be anyone who seeks to achieve political power in a government. Identity Politicians are people who are politically active, especially in party politics. Political positions range from local governments to state governments to federal governments to international governments. All ''government leaders'' are considered politicians. Media and rhetoric Politicians are known for their rhetoric, as in speeches or campaign advertisements. They are especially known for using common themes that allow them to develop their political positions in terms familiar to the voters. Politicians of necessity become expert users of the media. Politicians in the 19th century made heavy use of newspapers, magazines, and pamphlets, as well a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1971 Deaths
* The year 1971 had three partial solar eclipses (February 25, July 22 and August 20) and two total lunar eclipses (February 10, and August 6). The world population increased by 2.1% this year, the highest increase in history. Events January * January 2 – 66 people are killed and over 200 injured during a crush in Glasgow, Scotland. * January 5 – The first ever One Day International cricket match is played between Australia and England at the Melbourne Cricket Ground. * January 8 – Tupamaros kidnap Geoffrey Jackson, British ambassador to Uruguay, in Montevideo, keeping him captive until September. * January 9 – Uruguayan president Jorge Pacheco Areco demands emergency powers for 90 days due to kidnappings, and receives them the next day. * January 12 – The landmark United States television sitcom ''All in the Family'', starring Carroll O'Connor as Archie Bunker, debuts on CBS. * January 14 – Seventy Brazilian political prisoners are rel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1892 Births
Year 189 ( CLXXXIX) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Silanus and Silanus (or, less frequently, year 942 ''Ab urbe condita''). The denomination 189 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Plague (possibly smallpox) kills as many as 2,000 people per day in Rome. Farmers are unable to harvest their crops, and food shortages bring riots in the city. China * Liu Bian succeeds Emperor Ling, as Chinese emperor of the Han Dynasty. * Dong Zhuo has Liu Bian deposed, and installs Emperor Xian as emperor. * Two thousand eunuchs in the palace are slaughtered in a violent purge in Luoyang, the capital of Han. By topic Arts and sciences * Galen publishes his ''"Treatise on the various temperaments"'' (aka ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verona, New Jersey
Verona is a township in Essex County in the U.S. state of New Jersey. As of the 2020 United States census, the township's population was 14,572, an increase of 1,240 (+9.3%) from the 2010 census count of 13,332, which in turn reflected a decline of 201 (−1.5%) from the 13,533 counted in the 2000 census. History Verona and several neighboring towns were all originally one consolidated area known as the Horseneck Tract. In 1702, a group of settlers left Newark and purchased a large tract of land northwest of their home city for the equivalent of a few hundred dollars from the Lenni Lenape Native Americans. This piece of land extended west and north to the Passaic River, south to the town center of what would become Livingston, and east to the First Watchung Mountain, and was called Horseneck by the natives because it resembled the neck and head of a horse. What was then known as Horseneck contained most of the present day northern Essex County towns: Verona, along with Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver Purchase Act
The Sherman Silver Purchase Act was a United States federal law enacted on July 14, 1890.Charles Ramsdell Lingley, ''Since the Civil War'', first edition: New York, The Century Co., 1920, ix–635 p., . Re-issued: Plain Label Books, unknown date, under a new title: ''The United States Since the Civil War'', 310 p. See: page 173(Google Books). The measure did not authorize the free and unlimited coinage of silver that the Free Silver supporters wanted; however, it increased the amount of silver the government was required to purchase on a recurrent monthly basis to 4.5 million ounces.Homer E. Socolofsky and Allen B. Spetter, ''The Presidency of Benjamin Harrison'', p. 59. The Sherman Silver Purchase Act had been passed in response to the growing complaints of farmers' and miners' interests. Farmers had immense debts that could not be paid off due to deflation, and they urged the government to pass the Sherman Silver Purchase Act in order to boost the economy and cause inflation, al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Morgenthau, Jr
Henry Morgenthau Jr. (; May 11, 1891February 6, 1967) was the United States Secretary of the Treasury during most of the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal. After 1937, while still in charge of the Treasury, he played the central role in financing United States participation in World War II. He also played an increasingly major role in shaping foreign policy, especially with respect to Lend-Lease, support for China, helping Jewish refugees, and proposing (in the "Morgenthau Plan") measures to deindustrialise Germany. Morgenthau was the father of Robert M. Morgenthau, who was district attorney of Manhattan for 35 years and Henry Morgenthau III, an American author and television producer. He continued as Treasury secretary through the first few months of Harry Truman's presidency, and from June 27, 1945, to July 3, 1945, following the resignation of Secretary of State Edward Stettinius Jr., was next in line to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of The Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is a statutory member of the Cabinet of the United States, and is fifth in the presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the Senate Committee on Finance, is confirmed by the United States Senate. The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments. The current secretary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Morgenthau Jr
Henry Morgenthau Jr. (; May 11, 1891February 6, 1967) was the United States Secretary of the Treasury during most of the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal. After 1937, while still in charge of the Treasury, he played the central role in financing United States participation in World War II. He also played an increasingly major role in shaping foreign policy, especially with respect to Lend-Lease, support for China, helping Jewish refugees, and proposing (in the "Morgenthau Plan") measures to deindustrialise Germany. Morgenthau was the father of Robert M. Morgenthau, who was district attorney of Manhattan for 35 years and Henry Morgenthau III, an American author and television producer. He continued as Treasury secretary through the first few months of Harry Truman's presidency, and from June 27, 1945, to July 3, 1945, following the resignation of Secretary of State Edward Stettinius Jr., was United States presi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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