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American International Corporation
American International Corporation was an American investment trust founded in 1915 by Frank Vanderlip; Willard Straight was the key operational leader. Its board and stockholders included a wide range of leading American financiers and industrialists. With an initial capitalization of 50 million dollars and located at 120 Broadway in Manhattan, its goals were to invest in foreign companies and projects, especially in China & Russia during France and the United Kingdom's fiscal distress caused by World War I. Its ambitious plans were stymied by opposition from the Wilson administration and the focus of attention on supporting the war effort. Russia fell into civil war and China was chaotic after the death of its leader in 1916. Willard Straight died and Vanderlip was fired. Despite years of planning, construction work was never begun on the Corporation's elaborate projects in Russia and China. The Corporation did set up an network of branch offices for National City. Its internati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Trust
An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares. The first investment trust was the Foreign & Colonial Investment Trust, started in 1868 "to give the investor of moderate means the same advantages as the large capitalists in diminishing the risk by spreading the investment over a number of stocks". In many respects, the investment trust was the progenitor of the investment company in the U.S. The name is somewhat misleading, given that (according to law) an investment "trust" is not in fact a "trust" in the legal sense at all, but a separate legal person or a company. This matters for the fiduciary duties owed by the board of directors and the equitable ownership of the fund's assets. In the United Kingdom, the term "investment trust" has a strict meaning under tax law. However, the t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Vanderlip
Frank Arthur Vanderlip Sr. (November 17, 1864 – June 30, 1937) was an American banker and journalist. He was president of the National City Bank of New York (now Citibank) from 1909 to 1919, and Assistant Secretary of the Treasury from 1897 to 1901. Vanderlip is known for his part in founding the Federal Reserve System and for founding the first Montessori school in the United States, the Scarborough School and the group of communities in Palos Verdes, California. Born in rural Illinois, Vanderlip worked in farms and factories until beginning a career in journalism in 1885. His efforts in financial journalism led him to become Assistant Secretary of the Treasury until the National City Bank hired him. While president of the bank, Vanderlip worked with the Jekyll Island group to develop a federal reserve; Vanderlip's later proposals also influenced the creation of the Federal Reserve System in 1913. His later life was focused towards developing Palos Verdes and creating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Willard Straight
Willard Dickerman Straight (January 31, 1880 – December 1, 1918) was an American investment banker, publisher, reporter, diplomat and by marriage, a member of the very wealthy Whitney family. He was a promoter of Chinese arts and investments, and a major supporter of liberal causes. Early life Straight was born on January 31, 1880, in Oswego, New York, the son of two Yankee missionaries to China and Japan, Henry H. Straight (1846-1886) and née Emma Dickerman (1850–1890). Emma was described as an artist who "loved poetry, pictures — beauty in all its forms — but above all else, people." His parents were faculty members at Oswego Normal School. Straight was orphaned at age ten, by the death of his father in 1886 and his mother in 1890. Willard and his sister were taken in by Dr. Elvire Ranier, one of the earliest woman physicians in the country. He attended Bordentown Military Institute in New Jersey, and in 1897 he enrolled at Cornell University in upstate New York and g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
120 Broadway
The Equitable Building is an office skyscraper located at 120 Broadway between Pine and Cedar Streets in the Financial District of Lower Manhattan in New York City. The skyscraper was designed by Ernest R. Graham in the neoclassical style, with Peirce Anderson as the architect-in-charge. It is tall, with 38 stories and of floor space. The building's articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital. The Equitable Building replaced the Equitable Life Building, the previous headquarters of the Equitable Life Insurance Company, which burned down in 1912. Work on the Equitable Building started in 1913 and was completed in 1915. Upon opening, it was the largest office building in the world by floor area. The Equitable Building hosted a variety of tenants and, by the 1920s, was the most valuable building in New York City. The Equitable Life Insurance Company, the building's namesake, occupied a small po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Cass Publishers
Taylor & Francis Group is an international company originating in England that publishes books and academic journals. Its parts include Taylor & Francis, Routledge, F1000 Research or Dovepress. It is a division of Informa plc, a United Kingdom–based publisher and conference company. Overview The company was founded in 1852 when William Francis joined Richard Taylor in his publishing business. Taylor had founded his company in 1798. Their subjects covered agriculture, chemistry, education, engineering, geography, law, mathematics, medicine, and social sciences. Francis's son, Richard Taunton Francis (1883–1930), was sole partner in the firm from 1917 to 1930. In 1965, Taylor & Francis launched Wykeham Publications and began book publishing. T&F acquired Hemisphere Publishing in 1988, and the company was renamed Taylor & Francis Group to reflect the growing number of imprints. Taylor & Francis left the printing business in 1990, to concentrate on publishing. In 1998 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yale University
Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the world. It is a member of the Ivy League. Chartered by the Connecticut Colony, the Collegiate School was established in 1701 by clergy to educate Congregational ministers before moving to New Haven in 1716. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century, the college expanded into graduate and professional instruction, awarding the first PhD in the United States in 1861 and organizing as a university in 1887. Yale's faculty and student populations grew after 1890 with rapid expansion of the physical campus and scientific research. Yale is organized into fourteen constituent schools: the original undergraduate col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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