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Depression Of 1882–1885
The Depression of 1882–1885, or Recession of 1882–1885, was an economic contraction in the United States that lasted from March 1882 to May 1885, according to the National Bureau of Economic Research. Lasting 38 months, it was the third-longest recession in the NBER's chronology of business cycles since 1854. Only the Great Depression (1929-1941) and the Long Depression (1873–1879) were longer. History Origin The Depression of 1882–1885 was not inaugurated by financial disaster or mass panic, but was rather an economic downturn that came about through a protracted and gradual process. The downturn was preceded by a period of prosperity over the years 1879 to 1882, a growth powered by expansion of the American railroad industry and the opening of economic opportunities associated with the development of the transportation system.Alan L. Sorkin, "Depression of 1882-1885," in David Glasner (ed.), ''Business Cycles and Depressions: An Encyclopedia.'' Abingdon, England: Rout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
8211270-londonguardian-commercialpanic
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first number ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Ratio Between Gold And Silver
A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for goods or services. In some situations, the price of production has a different name. If the product is a "good" in the commercial exchange, the payment for this product will likely be called its "price". However, if the product is "service", there will be other possible names for this product's name. For example, the graph on the bottom will show some situations A good's price is influenced by production costs, supply of the desired item, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions. Price can be quoted to currency, quantities of goods or vouchers. * In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.) * Although prices ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1880s In The United States
Year 188 (CLXXXVIII) was a leap year starting on Monday of the Julian calendar. At the time, it was known in the Roman Empire as the Year of the Consulship of Fuscianus and Silanus (or, less frequently, year 941 ''Ab urbe condita''). The denomination 188 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 * Publius Helvius Pertinax becomes pro-consul of Africa from 188 to 189. Japan * Queen Himiko (or Shingi Waō) begins her reign in Japan (until 248). Births * April 4 – Caracalla (or Antoninus), Roman emperor (d. 217) * Lu Ji (or Gongji), Chinese official and politician (d. 219) * Sun Shao, Chinese general of the Eastern Wu state (d. 241) Deaths * March 17 – Julian, pope and patriarch of Alexandria * Fa Zhen (or Gaoqing), Chinese scholar (b. AD 100) * Lucius Antistius Burrus, Roman politician (executed) * Ma Xiang, Chines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1885 Disestablishments In The United States
Events January–March * January 3– 4 – Sino-French War – Battle of Núi Bop: French troops under General Oscar de Négrier defeat a numerically superior Qing Chinese force, in northern Vietnam. * January 4 – The first successful appendectomy is performed by Dr. William W. Grant, on Mary Gartside. * January 17 – Mahdist War in Sudan – Battle of Abu Klea: British troops defeat Mahdist forces. * January 20 – American inventor LaMarcus Adna Thompson patents a roller coaster. * January 24 – Irish rebels damage Westminster Hall and the Tower of London with dynamite. * January 26 – Mahdist War in Sudan: Troops loyal to Mahdi Muhammad Ahmad conquer Khartoum; British commander Charles George Gordon is killed. * February 5 – King Leopold II of Belgium establishes the Congo Free State, as a personal possession. * February 9 – The first Japanese arrive in Hawaii. * February 16 – Charles Dow publi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1882 Establishments In The United States
Year 188 (CLXXXVIII) was a leap year starting on Monday of the Julian calendar. At the time, it was known in the Roman Empire as the Year of the Consulship of Fuscianus and Silanus (or, less frequently, year 941 ''Ab urbe condita''). The denomination 188 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 * Publius Helvius Pertinax becomes pro-consul of Africa from 188 to 189. Japan * Queen Himiko (or Shingi Waō) begins her reign in Japan (until 248). Births * April 4 – Caracalla (or Antoninus), Roman emperor (d. 217) * Lu Ji (or Gongji), Chinese official and politician (d. 219) * Sun Shao, Chinese general of the Eastern Wu state (d. 241) Deaths * March 17 – Julian, pope and patriarch of Alexandria * Fa Zhen (or Gaoqing), Chinese scholar (b. AD 100) * Lucius Antistius Burrus, Roman politician (executed) * Ma Xiang, Chin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Recessions In The United States
There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that "The cyclical volatility of GDP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the country's agricultural production, industrial production, consumption, business investment, and the health of the banking industry contribute to these declines. U.S. recessions have increasingly affected economies on a worldwide scale, especially as countries' economies become more intertwined. The unofficial beginning and ending dates of recessions in the United States have been defined by the National Bureau of Economic Research (NBER), an American private nonprofit research organization. The NBER defines a recession as "a significant decline in economic activity spread across the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Civil War
The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states that had seceded. The central cause of the war was the dispute over whether slavery would be permitted to expand into the western territories, leading to more slave states, or be prevented from doing so, which was widely believed would place slavery on a course of ultimate extinction. Decades of political controversy over slavery were brought to a head by the victory in the 1860 U.S. presidential election of Abraham Lincoln, who opposed slavery's expansion into the west. An initial seven southern slave states responded to Lincoln's victory by seceding from the United States and, in 1861, forming the Confederacy. The Confederacy seized U.S. forts and other federal assets within their borders. Led by Confederate President Jefferson Davis, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victor Zarnowitz
Victor Zarnowitz (born 1919 in Oświęcim Poland, d. 21 February 2009 in New York City) was a leading scholar on business cycles, indicators, and forecast evaluation. Zarnowitz was Senior Fellow and Economic Counselor to The Conference Board. He was Professor Emeritus of Economics and Finance, Graduate School of Business, The University of Chicago, and Research Associate, National Bureau of Economic Research (NBER). In 1939, he fled Poland to escape the Nazi invasion, but was imprisoned by the Soviet Russians and worked at a labor camp in Siberia. Zarnowitz earned his Ph.D. in economics (summa cum laude) at the University of Heidelberg in Germany in 1951. He came to the United States in 1952. In 1959 he moved to Chicago and became a professor at the University of Chicago.Dennis HevesiVictor Zarnowitz, Who Faulted Business Forecasts, Dies at 89 ''The New York Times'', February 25, 2009. He was a Fellow of the National Association of Business Economists, Fellow of the American S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial & Financial Chronicle
The ''Commercial & Financial Chronicle'' was a business newspaper in the United States founded by William Buck Dana (1829–1910) in 1865. Published weekly, the ''Commercial & Financial Chronicle'' was deliberately modeled to be an American take on the popular business newspaper ''The Economist'', which had been founded in England in 1843.James Grant,Free Markets, Free Press. Museum of American Financial History (June–December 2000). Retrieved on September 14, 2008. It was the first national business weekly in the United States. The ''Commercial & Financial Chronicle'' continued the legacy begun by ''Hunt's Merchant's Magazine and Commercial Review'', a monthly business magazine, which was founded in 1839 by Freeman Hunt but disappeared during the American Civil War. They are together in many library collections.U.S. Circuit Court of Appeals">U.S. Circuit Court for the District of Massachusetts protecting the copyright. The case is considered an important one because it has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidation Of Wealth
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or heterogeneity in economics, economic heterogeneity. The distribution of wealth differs from the income distribution in that it looks at the Distribution (economics), economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to the International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income." For rankings regarding wealth, see list of countries by wealth equality or list of countries by wealth per adult. Definition of wealth Wealth of an individual is defined as net worth, expressed as: wealth = assets − liability (financial accounting), liabilities A broader definition of wealth, which is rarely used in the measurement of wealth inequality, also includes human capital. For example ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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