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Chicago Board Of Trade
The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group. History The concerns of U.S. merchants to ensure that there were buyers and sellers for commodities have resulted in forward contracts to sell and buy commodities. Still, credit risk remained a serious problem. The CBOT took shape to provide a centralized location, where buyers and sellers can meet to negotiate and formalize forward contracts. An early 1848 discussion between Thomas Richmond and W. L. Whiting regarding the propriety of creating a board of trade led to the March 13 meeting merchants and businessmen in favor of establishing it and a resulting resolution for such an establishment and a Constitution. A committee then developed ...
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Sherman Antitrust Act Of 1890
The Sherman Antitrust Act of 1890 (, ) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce. It was passed by Congress and is named for Senator John Sherman, its principal author. The Sherman Act broadly prohibits 1) anticompetitive agreements and 2) unilateral conduct that monopolizes or attempts to monopolize the relevant market. The Act authorizes the Department of Justice to bring suits to enjoin (i.e. prohibit) conduct violating the Act, and additionally authorizes private parties injured by conduct violating the Act to bring suits for treble damages (i.e. three times as much money in damages as the violation cost them). Over time, the federal courts have developed a body of law under the Sherman Act making certain types of anticompetitive conduct per se illegal, and subjecting other types of conduct to case-by-case analysis regarding whether the conduct unreasonably restrains trade. The law attempts to prev ...
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Chicago Landmark
Chicago Landmark is a designation by the Mayor and the City Council of Chicago for historic sites in Chicago, Illinois, United States. Listed sites are selected after meeting a combination of criteria, including historical, economic, architectural, artistic, cultural, and social values. Once a site is designated as a landmark, it is subject to the Chicago Landmarks Ordinance, which requires that any alterations beyond routine maintenance, up to and including demolition, must have their permit reviewed by the Landmarks Commission. Many Chicago Landmarks are also listed on the National Register of Historic Places, providing federal tax support for preservation, and some are further designated National Historic Landmarks, providing additional federal oversight. Criteria The Mayor and the City Council appoint a nine-member Commission on Chicago Landmarks to develop landmark recommendations in accordance with a 1968 Chicago city ordinance. The commission considers areas, dist ...
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Chicago Board Of Trade Building
The Chicago Board of Trade Building is a 44-story, Art Deco skyscraper located in the Chicago Loop, standing at the foot of the LaSalle Street canyon. Built in 1930 for the Chicago Board of Trade (CBOT), it has served as the primary trading venue of the CBOT and later the CME Group, formed in 2007 by the merger of the CBOT and the Chicago Mercantile Exchange. In 2012, the CME Group sold the CBOT Building to a consortium of real estate investors, including GlenStar Properties LLC and USAA Real Estate Company. The CBOT has been located at the site since 1885. A building designed by William W. Boyington stood at the location , being the tallest building in Chicago from its construction until its clock tower was removed in 1895. The Boyington building became unsound in the 1920s and was demolished in 1929, being replaced by the current building designed by Holabird & Root. The current building was itself Chicago's tallest until 1965, when it was surpassed by the Ric ...
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John Storrs (sculptor)
John Henry Bradley Storrs (June 25, 1885 – April 26, 1956), also known as John Bradley Storrs and John H. Storrs, was an American modernist sculptor best remembered for his art deco sculptures that examined the relationship between architecture and sculpture. Life Storrs was born in Chicago in 1885, son of architect D.W. Storrs. In 1905, he traveled to Berlin to study singing, but he soon decided to become a sculptor. He studied with Lorado Taft at the Art Institute of Chicago, with Bela Pratt at the School of the Museum of Fine Arts in Boston and with Charles Grafly at the Pennsylvania Academy of the Fine Arts. By 1911, he was living in Paris, where he studied with Auguste Rodin and also attended the Académie Julian. He gradually moved from representational sculpture and wood engravings to the machine-like sculptures for which he is best known. During his time in France, Storrs became friends with Jacques Lipchitz. In 1914, Storrs married the novelist and writer Margue ...
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Commodity Market
A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management. A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with central counterparty clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market. Derivatives such as futures contracts, Swaps (1970s-), Exchange-traded C ...
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Ceres (Roman Mythology)
In ancient Roman religion, Ceres ( , ) was a goddess of agriculture, grain crops, fertility and motherly relationships.Room, Adrian, ''Who's Who in Classical Mythology'', p. 89-90. NTC Publishing 1990. . She was originally the central deity in Rome's so-called plebeian or Aventine Triad, then was paired with her daughter Proserpina in what Romans described as "the Greek rites of Ceres". Her seven-day April festival of Cerealia included the popular ''Ludi Ceriales'' (Ceres' games). She was also honoured in the May ''lustratio'' of the fields at the Ambarvalia festival, at harvest-time, and during Roman marriages and funeral rites. She is usually depicted as a mature woman. Ceres is the only one of Rome's many agricultural deities to be listed among the Dii Consentes, Rome's equivalent to the Twelve Olympians of Greek mythology. The Romans saw her as the counterpart of the Greek goddess Demeter,''Larousse Desk Reference Encyclopedia'', The Book People, Haydock, 1995, p. 215. w ...
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Goddess
A goddess is a female deity. In many known cultures, goddesses are often linked with literal or metaphorical pregnancy or imagined feminine roles associated with how women and girls are perceived or expected to behave. This includes themes of spinning (textiles), spinning, weaving, beauty, love, sexuality, motherhood, domesticity, creativity, and List of fertility deities, fertility (exemplified by the ancient mother goddess cult). Many major goddesses are also associated with magic (supernatural), magic, war, strategy, hunting, farming, wisdom, fate, earth, sky, power (social and political), power, laws, justice, and more. Some themes, such as Discordianism, discord or disease, which are considered negative within their cultural contexts also are found associated with some goddesses. There are as many differently described and understood goddesses as there are male, shapeshifting, or neuter gods. In some faiths, a sacred female figure holds a central place in religious prayer a ...
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Art Deco
Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the United States and Europe during the 1920s and 1930s. Through styling and design of the exterior and interior of anything from large structures to small objects, including how people look (clothing, fashion and jewelry), Art Deco has influenced bridges, buildings (from skyscrapers to cinemas), ships, ocean liners, trains, cars, trucks, buses, furniture, and everyday objects like radios and vacuum cleaners. It got its name after the 1925 Exposition internationale des arts décoratifs et industriels modernes (International Exhibition of Modern Decorative and Industrial Arts) held in Paris. Art Deco combined modern styles with fine craftsmanship and rich materials. During its heyday, it represented luxury, glamour, exuberance, and faith in socia ...
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Richard J
Richard is a male given name. It originates, via Old French, from Old Frankish and is a compound of the words descending from Proto-Germanic ''*rīk-'' 'ruler, leader, king' and ''*hardu-'' 'strong, brave, hardy', and it therefore means 'strong in rule'. Nicknames include "Richie", "Dick", "Dickon", " Dickie", "Rich", "Rick", "Rico", "Ricky", and more. Richard is a common English, German and French male name. It's also used in many more languages, particularly Germanic, such as Norwegian, Danish, Swedish, Icelandic, and Dutch, as well as other languages including Irish, Scottish, Welsh and Finnish. Richard is cognate with variants of the name in other European languages, such as the Swedish "Rickard", the Catalan "Ricard" and the Italian "Riccardo", among others (see comprehensive variant list below). People named Richard Multiple people with the same name * Richard Andersen (other) * Richard Anderson (other) * Richard Cartwright (other) * Ri ...
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Holabird & Roche
The architectural firm now known as Holabird & Root was founded in Chicago in 1880. Over the years, the firm has changed its name several times and adapted to the architectural style then current — from Chicago School to Art Deco to Modern Architecture to Sustainable Architecture. Holabird & Root provides architectural, engineering, interior design, and planning services. It is Chicago's oldest architecture firm. The firm remains a privately held partnership currently operating with five principals and four associate principals. History The founders, William Holabird and Ossian Cole Simonds, worked in the office of William LeBaron Jenney. They set up their own independent practice, Holabird & Simonds, in 1880 when they took on the project for an extension to Graceland Cemetery, passed on to them by Jenney. In 1881, Martin Roche, who had also worked for Jenney, joined them as a third partner. After only working together on five projects, Simonds left the firm in 1883 to pur ...
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Architect
An architect is a person who plans, designs and oversees the construction of buildings. To practice architecture means to provide services in connection with the design of buildings and the space within the site surrounding the buildings that have human occupancy or use as their principal purpose. Etymologically, the term architect derives from the Latin ''architectus'', which derives from the Greek (''arkhi-'', chief + ''tekton'', builder), i.e., chief builder. The professional requirements for architects vary from place to place. An architect's decisions affect public safety, and thus the architect must undergo specialized training consisting of advanced education and a ''practicum'' (or internship) for practical experience to earn a Occupational licensing, license to practice architecture. Practical, technical, and academic requirements for becoming an architect vary by jurisdiction, though the formal study of architecture in academic institutions has played a pivotal role in ...
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