Bazacle Milling Company
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Bazacle Milling Company
The Society of Moulins du Bazacle, also known as Bazacle Company is a French watermill system founded in Toulouse in the 12th century by the citizens of the city to share the operation of a series of mills installed on the site of the Bazacle. The mills were used to process wheat harvested from the Toulouse Plain into flour. It was the first recorded European joint-stock company. History Early history The first mills of Bazacle that captured the vast force of the Garonne were erected along the river by 1070. By the 11th century, there were sixty. They were then referred to as ''moulins à nef'' or floating mills, built on boats or simple floating pontoons, that were replaced in 1190 by land mills. These "giants" of wood were the pride of Toulouse and a source of the city's great wealth. "In the 18th century, the Bazacle mills were an example of technical modernity famous throughout Europe and appeared in the Encyclopedia of Diderot and d'Alembert," according to Corinne Clément ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Cereal
A cereal is any Poaceae, grass cultivated for the edible components of its grain (botanically, a type of fruit called a caryopsis), composed of the endosperm, Cereal germ, germ, and bran. Cereal Grain, grain crops are grown in greater quantities and provide more food energy worldwide than any other type of crop and are therefore Staple food, staple crops. They include wheat, rye, Oat, oats, and barley. Edible grains from other plant families, such as buckwheat, quinoa and Salvia hispanica, chia, are referred to as pseudocereals. In their unprocessed whole grain form, cereals are a rich source of vitamins, Mineral (nutrient), minerals, carbohydrates, fats, oils, and Protein (nutrient), protein. When processed by the removal of the bran and germ the remaining endosperm is mostly carbohydrate. In some Developing country, developing countries, grain in the form of rice, wheat, millet, or maize constitutes a majority of daily sustenance. In Developed country, developed countries, c ...
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History Of Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ass ...
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French Revolution
The French Revolution ( ) was a period of radical political and societal change in France that began with the Estates General of 1789 and ended with the formation of the French Consulate in November 1799. Many of its ideas are considered fundamental principles of liberal democracy, while phrases like ''liberté, égalité, fraternité'' reappeared in other revolts, such as the 1917 Russian Revolution, and inspired campaigns for the abolition of slavery and universal suffrage. The values and institutions it created dominate French politics to this day. Its causes are generally agreed to be a combination of social, political and economic factors, which the ''Ancien Régime'' proved unable to manage. In May 1789, widespread social distress led to the convocation of the Estates General, which was converted into a National Assembly in June. Continuing unrest culminated in the Storming of the Bastille on 14 July, which led to a series of radical measures by the Assembly, i ...
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Share (finance)
In finance, financial markets, a share is a unit of Equity (finance), equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Valuation Shares are valued according to the various principle ...
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Bourgeoisie
The bourgeoisie ( , ) is a social class, equivalent to the middle or upper middle class. They are distinguished from, and traditionally contrasted with, the proletariat by their affluence, and their great cultural and financial capital. They are sometimes divided into a petty (), middle (), large (), upper (), and ancient () bourgeoisie and collectively designated as "the bourgeoisie". The bourgeoisie in its original sense is intimately linked to the existence of cities, recognized as such by their urban charters (e.g., municipal charters, town privileges, German town law), so there was no bourgeoisie apart from the citizenry of the cities. Rural peasants came under a different legal system. In Marxist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialization and whose societal concerns are the value of property and the preservation of capital to ensure the perpetuation of their economic supremacy in society. ...
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Livres Tournois
The (; ; abbreviation: ₶.) was one of numerous currencies used in medieval France, and a unit of account (i.e., a monetary unit used in accounting) used in Early Modern France. The 1262 monetary reform established the as 20 , or 80.88 grams of fine silver. The was a gold coin of one minted in large numbers from 1360. In 1549, the was decreed a unit of account, and in 1667 it officially replaced the . In 1720, the was redefined as 0.31 grams of pure gold, and in 1726, in a devaluation under Louis XV, as 4.50516 grams of fine silver. It was the basis of the revolutionary French franc of 1795, defined as 4.5 grams of fine silver exactly. Circulating currency In France, the was worth 240 deniers (the "Tours penny"). The latter were initially minted by the abbey of Saint Martin in the Touraine region of France. Soon after Philip II of France seized the counties of Anjou and Touraine in 1203 and standardized the use of the there, the began to supersede the (Paris pou ...
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Levee
A levee (), dike (American English), dyke (English in the Commonwealth of Nations, Commonwealth English), embankment, floodbank, or stop bank is a structure that is usually soil, earthen and that often runs parallel (geometry), parallel to the course of a river in its floodplain or along low-lying coastlines. The purpose of a levee is to keep the course of rivers from changing and to protect against flooding of the area adjoining the river or coast. Levees can be naturally occurring ridge structures that form next to the bank of a river, or be an artificially constructed fill dirt, fill or wall that regulates water levels. Ancient civilizations in the Indus Valley civilisation, Indus Valley, ancient Egypt, Mesopotamia and China all built levees. Today, levees can be found around the world, and failures of levees due to erosion or other causes can be major disasters. Etymology Speakers of American English (notably in the Midwestern United States, Midwest and Deep South) u ...
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Albigensian Crusade
The Albigensian Crusade or the Cathar Crusade (; 1209–1229) was a military and ideological campaign initiated by Pope Innocent III to eliminate Catharism in Languedoc, southern France. The Crusade was prosecuted primarily by the French crown and promptly took on a political aspect. It resulted in the significant reduction of practicing Cathars and a realignment of the County of Toulouse with the French crown. The distinct regional culture of Languedoc was also diminished. The Cathars originated from an anti-materialist reform movement within the Bogomil churches of the Balkans calling for what they saw as a return to the Christian message of perfection, poverty and preaching, combined with a rejection of the physical to the point of starvation. The reforms were a reaction against the often perceived scandalous and dissolute lifestyles of the Catholic clergy in southern France. Their theology, neo-Gnostic in many ways, was basically dualistic cosmology, dualist. Several of the ...
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Marl
Marl is an earthy material rich in carbonate minerals, clays, and silt. When hardened into rock, this becomes marlstone. It is formed in marine or freshwater environments, often through the activities of algae. Marl makes up the lower part of the cliffs of Dover, and the Channel Tunnel follows these marl layers between France and the United Kingdom. Marl is also a common sediment in post-glacial lakes, such as the marl ponds of the northeastern United States. Marl has been used as a soil conditioner and neutralizing agent for acid soil and in the manufacture of cement. Description Marl or marlstone is a carbonate-rich mud or mudstone which contains variable amounts of clays and silt. The term was originally loosely applied to a variety of materials, most of which occur as loose, earthy deposits consisting chiefly of an intimate mixture of clay and calcium carbonate, formed under freshwater conditions. These typically contain 35–65% clay and 65–35% carbonate. The te ...
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Capitouls
The ''capitouls'', sometimes anglicized as ''capitols'', were the chief magistrates of the commune of Toulouse, France, during the late Middle Ages and early Modern period. Their council and rule was known as the ''Capitoulate'' (french: capitoulat). They were suppressed in 1789 amid the French Revolution. Name The officials were originally known as consuls () but were christened "capitouls" in 1295 as part of an effort to connect Toulouse with the greatness of such cities as Rome, Constantinople, and Jerusalem. Rival councils In addition to the Capitoulate, Toulouse housed the rival Parliament, General Council, Town Council, and Council of Sixteen. Each included the reigning capitouls, but only as associate or junior members. The Parliament of Toulouse (''french: parlement de Toulouse'') was established by King Charles VII in 1420. and put on a permanent basis in 1444. It was nominally restricted to the nobility, although positions could be purchased via an annual ...
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City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for g ...
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