Burton W. Folsom
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Burton W. Folsom
Burton W. Folsom Jr. (born 1947, in Nebraska) is an American historian and author who held the Charles F. Kline chair in history and management at Hillsdale College from 2003 until his retirement in December 2016. Biography Folsom received his B.A. from Indiana University in 1970, his M.A. from the University of Nebraska in 1973, and his doctorate in history from the University of Pittsburgh in 1976. Since 1988 he has edited ''Continuity: A Journal of History''. He is a frequent columnist in the libertarian ''Freeman'' magazine and also contributes to other publications, writing in favor of free market economics and limited government. He taught American history at Murray State University in Kentucky from 1976 to 1994. Folsom is a former associate of the Free Enterprise Institute and the Mackinac Center for Public Policy, both free market think tanks, and a frequent guest of the libertarian organization Foundation for Economic Education. Academic contributions Folsom has writte ...
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Nebraska
Nebraska () is a state in the Midwestern region of the United States. It is bordered by South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Kansas to the south; Colorado to the southwest; and Wyoming to the west. It is the only triply landlocked U.S. state. Indigenous peoples, including Omaha, Missouria, Ponca, Pawnee, Otoe, and various branches of the Lakota ( Sioux) tribes, lived in the region for thousands of years before European exploration. The state is crossed by many historic trails, including that of the Lewis and Clark Expedition. Nebraska's area is just over with a population of over 1.9 million. Its capital is Lincoln, and its largest city is Omaha, which is on the Missouri River. Nebraska was admitted into the United States in 1867, two years after the end of the American Civil War. The Nebraska Legislature is unlike any other American legislature in that it is unicameral, and its members are elected ...
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Inefficiency
Efficiency is the often measurable ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without waste. In more mathematical or scientific terms, it signifies the level of performance that uses the least amount of inputs to achieve the highest amount of output. It often specifically comprises the capability of a specific application of effort to produce a specific outcome with a minimum amount or quantity of waste, expense, or unnecessary effort. Efficiency refers to very different inputs and outputs in different fields and industries. In 2019, the European Commission said: "Resource efficiency means using the Earth's limited resources in a sustainable manner while minimising impacts on the environment. It allows us to create more with less and to deliver greater value with less input." Writer Deborah Stone notes that efficiency is " ...
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New Deal
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. Major federal programs agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA). They provided support for farmers, the unemployed, youth, and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt. The programs focused on what historians refer to as the "3 R's": relief for the unemployed and for the poor, recovery of ...
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National Review
''National Review'' is an American conservative editorial magazine, focusing on news and commentary pieces on political, social, and cultural affairs. The magazine was founded by the author William F. Buckley Jr. in 1955. Its editor-in-chief is Rich Lowry, while the editor is Ramesh Ponnuru. Since its founding, the magazine has played a significant role in the development of conservatism in the United States, helping to define its boundaries and promoting fusionism while establishing itself as a leading voice on the American right. The online version, ''National Review Online'', is edited by Philip Klein and includes free content and articles separate from the print edition. The free content is limited, but National Review Plus allows ad-free and unlimited access to both online and print articles. History Background Before ''National Review''s founding in 1955, the American right was a largely unorganized collection of people who shared intertwining philosophies but h ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $100 billion as of November 2022, making him the world's sixth-wealthiest person. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acqui ...
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Henry Villard
Henry Villard (April 10, 1835 – November 12, 1900) was an American journalist and financier who was an early president of the Northern Pacific Railway. Born and raised by Ferdinand Heinrich Gustav Hilgard in the Rhenish Palatinate of the Kingdom of Bavaria, Villard clashed with his more conservative father over politics, and was sent to a semi-military academy in northeastern France. As a teenager, he emigrated to the United States without his parents' knowledge. He changed his name to avoid being sent back to Europe, and began making his way west, briefly studying law as he developed a career in journalism. He supported John C. Frémont of the newly established Republican Party in his presidential campaign in 1856, and later followed Abraham Lincoln's 1860 campaign. Villard became a war correspondent, first covering the American Civil War, and later being sent by the ''Chicago Tribune'' to cover the Austro-Prussian War. He became a pacifist as a result of his experiences c ...
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Thomas McKenney
Thomas Loraine McKenney (21 March 1785 – 19 February 1859) was a United States official who served as Superintendent of Indian Affairs from 1824–1830. McKenny was born on March 21, 1785, in Hopewell, Maryland. He was the oldest of five boys, and was raised and received his education at Chestertown, Maryland. McKenney was a Quaker, which influenced his approach to interactions with Native Americans. After the abolition of the U.S. Indian Trade program in 1822, then Secretary of War John C. Calhoun created a position without legislation within the War Department entitled Superintendent of Indian Affairs (this later became part of the Bureau of Indian Affairs). McKenney was appointed to this position, and held it from 1824-1830. McKenney was an advocate of the American Indian “civilization” program, becoming an avid promoter of removal of Indian bands and tribes to west of the Mississippi River. He liked to be referred to as "Colonel" by those around him. Sup ...
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Robert Fulton
Robert Fulton (November 14, 1765 – February 24, 1815) was an American engineer and inventor who is widely credited with developing the world's first commercially successful steamboat, the (also known as ''Clermont''). In 1807, that steamboat traveled on the Hudson River with passengers from New York City to Albany and back again, a round trip of , in 62 hours. The success of his steamboat changed river traffic and trade on major American rivers. In 1800, Fulton had been commissioned by Napoleon Bonaparte, leader of France, to attempt to design a submarine; he produced , the first practical submarine in history. Fulton is also credited with inventing some of the world's earliest naval torpedoes for use by the Royal Navy.Best, Nicholas (2005). ''Trafalgar: The Untold Story of the Greatest Sea Battle in History''. London: Phoenix. . Fulton became interested in steam engines and the idea of steamboats in 1777 when he was around age 12 and visited state delegate William Henry o ...
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Cornelius Vanderbilt
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trading, water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the United States. As one of the List of richest Americans in history, richest Americans in history and List of wealthiest historical figures, wealthiest figures overall, Vanderbilt was the patriarch of the wealthy and influential Vanderbilt family. He provided the initial gift to found Vanderbilt University in Nashville, Tennessee. According to historian H. Roger Grant: "Contemporaries, too, often hated or feared Vanderbilt or at least considered him an unmannered brute. While Vanderbilt could be a rascal, combative and cunning, he was much more a builder than a wrecker [...] being hono ...
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Charles M
Charles is a masculine given name predominantly found in English and French speaking countries. It is from the French form ''Charles'' of the Proto-Germanic name (in runic alphabet) or ''*karilaz'' (in Latin alphabet), whose meaning was "free man". The Old English descendant of this word was '' Ċearl'' or ''Ċeorl'', as the name of King Cearl of Mercia, that disappeared after the Norman conquest of England. The name was notably borne by Charlemagne (Charles the Great), and was at the time Latinized as ''Karolus'' (as in ''Vita Karoli Magni''), later also as '' Carolus''. Some Germanic languages, for example Dutch and German, have retained the word in two separate senses. In the particular case of Dutch, ''Karel'' refers to the given name, whereas the noun ''kerel'' means "a bloke, fellow, man". Etymology The name's etymology is a Common Germanic noun ''*karilaz'' meaning "free man", which survives in English as churl (< Old English ''ċeorl''), which developed its dep ...
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John D
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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