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Factor (agent)
A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal. A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, such as a bill of lading) on consignment, but a commission merchant sells goods not in his possession on the basis of samples. Most modern factor business is in the textile field, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries, and the trade areas in which factors operate have increased. In the United Kingdom, most factors fall within the definition of a mercantile agent under the Factors Act 1889 and therefore have the powers of such. A factor has a possessory lien over the consigned goods that covers any claims against the principal arising out of the factor's activity. A debt factor, whether a person o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods
In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable. A good is an "economic good" if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, almost anything owned or used on a daily basis that is not food-related. A consumer good or "final good" is any item that is ultimately consumed, rather than used in the production of another good. For example, a microwave oven or a bicycle that is sold to a consumer is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North West Company
The North West Company was a fur trading business headquartered in Montreal from 1779 to 1821. It competed with increasing success against the Hudson's Bay Company in what is present-day Western Canada and Northwestern Ontario. With great wealth at stake, tensions between the companies increased to the point where several minor armed skirmishes broke out, and the two companies were forced by the British government to merge. Before the Company After the French landed in Quebec in 1608, spread out and built a fur trade empire in the St. Lawrence basin. The French competed with the Dutch (from 1614) and English (1664) in New York and the English in Hudson Bay (1670). Unlike the French who travelled into the northern interior and traded with First Nations in their camps and villages, the English made bases at trading posts on Hudson Bay, inviting the indigenous people to trade. After 1731, pushed trade west beyond Lake Winnipeg. After the British conquest of New France in 1763 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scots Law
Scots law () is the legal system of Scotland. It is a hybrid or mixed legal system containing civil law and common law elements, that traces its roots to a number of different historical sources. Together with English law and Northern Ireland law, it is one of the three legal systems of the United Kingdom.Stair, General Legal Concepts (Reissue), para. 4 (Online) Retrieved 2011-11-29 Early Scots law before the 12th century consisted of the different legal traditions of the various cultural groups who inhabited the country at the time, the Gaels in most of the country, with the Britons and Anglo-Saxons in some districts south of the Forth and with the Norse in the islands and north of the River Oykel. The introduction of feudalism from the 12th century and the expansion of the Kingdom of Scotland established the modern roots of Scots law, which was gradually influenced by other, especially Anglo-Norman and continental legal traditions. Although there was some indirect Roman la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sachem
Sachems and sagamores are paramount chiefs among the Algonquians or other Native American tribes of northeastern North America, including the Iroquois. The two words are anglicizations of cognate terms (c. 1622) from different Eastern Algonquian languages. The sagamore was a lesser chief elected by a single band, while the sachem was the head or representative elected by a tribe or group of bands. The positions are elective, not hereditary. Etymology The Oxford English Dictionary found a use from 1613. The term "Sagamore" appears in Noah Webster's first ''An American Dictionary of the English Language'' published in 1828, as well as the 1917 ''Webster's New International Dictionary''. One modern source explains: According to Captain Ryan Ridge, who explored New England in 1614, the Massachusett tribes called their kings "sachems" while the Penobscots (of present-day Maine) used the term "sagamos" (anglicized as "sagamore"). Conversely, Deputy Governor Thomas Dudley of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tribal Chief
A tribal chief or chieftain is the leader of a tribal society or chiefdom. Tribe The concept of tribe is a broadly applied concept, based on tribal concepts of societies of western Afroeurasia. Tribal societies are sometimes categorized as an intermediate stage between the band society of the Paleolithic stage and civilization with centralized, super-regional government based in cities. Anthropologist Elman Service distinguishes two stages of tribal societies: simple societies organized by limited instances of social rank and prestige, and more stratified societies led by chieftains or tribal kings (chiefdoms). Stratified tribal societies led by tribal kings are thought to have flourished from the Neolithic stage into the Iron Age, albeit in competition with urban civilisations and empires beginning in the Bronze Age. In the case of tribal societies of indigenous peoples existing within larger colonial and post-colonial states, tribal chiefs may represent their tribe or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opperhoofd
''Opperhoofd'' is a Dutch word (plural ''opperhoofden'') that literally translates to "upper-head", meaning "supreme headman". The Danish equivalent ''overhoved'', which is derived from a Danish pronunciation of the Dutch or Low German word, is also treated here. In modern Dutch, ''opperhoofd'' remains in use for a native tribal chief, such as a ''sachem'' of Native Americans. Despite the superlative etymology, it can be applied to several chiefs in a single native community. However this article is devoted to its more former, historical use as a gubernatorial title, comparable to the English chief factor, for the chief executive officer of a Dutch ''factorij'' in the sense of trading post, as led by a factor, i.e. agent. The etymologically cognate title of Danish ''opperhoved'' (singular) had a similar gubernatorial use (sometimes rendered in English as station chief), notably in the Danish Gold Coast (in present Ghana). The German cognate is ''oberhaupt''. Dutch colonial ''opp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slave Coast Of West Africa
The Slave Coast is a historical name formerly used for that part of coastal West Africa along the Bight of Benin that is located between the Volta River and the Lagos Lagoon. The name is derived from the region's history as a major source of African people sold into slavery during the Atlantic slave trade from the early 16th century to the late 19th century. Other nearby coastal regions historically known by their prime colonial export are the Gold Coast (region), Gold Coast, the Ivory Coast (or Windward Coast), and the Pepper Coast (or Grain Coast). Overview European sources began documenting the development of trade in the "Slave Coast" region and its integration into the Atlantic slave trade, transatlantic slave trade around 1670. The transatlantic slave trade led to the formation of an "Atlantic community" of Africans and Europeans in the 17th, 18th, and 19th century. Roughly twelve million enslaved Africans were purchased by European slave traders from African merchants d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch West India Company
The Dutch West India Company ( nl, Geoctrooieerde Westindische Compagnie, ''WIC'' or ''GWC''; ; en, Chartered West India Company) was a chartered company of Dutch merchants as well as foreign investors. Among its founders was Willem Usselincx (1567–1647) and Jessé de Forest (1576–1624). On 3 June 1621, it was granted a charter for a trade monopoly in the Dutch West Indies by the Republic of the Seven United Netherlands and given jurisdiction over Dutch participation in the Atlantic slave trade, Brazil, the Caribbean, and North America. The area where the company could operate consisted of West Africa (between the Tropic of Cancer and the Cape of Good Hope) and the Americas, which included the Pacific Ocean and the eastern part of New Guinea. The intended purpose of the charter was to eliminate competition, particularly Spanish or Portuguese, between the various trading posts established by the merchants. The company became instrumental in the largely ephemeral Dutch coloni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banten
Banten ( id, Banten; Sundanese: , romanized ''Banten'') is the westernmost province on the island of Java, Indonesia. Its capital city is Serang. The province borders West Java and the Special Capital Region of Jakarta on the east, the Java Sea on the north, the Indian Ocean on the south, and the Sunda Strait (which separates Java from the neighbouring island of Sumatra) on the west. The province covers an area of . It had a population of over 11.9 million in the 2020 census, up from about 10.6 million in 2010.Badan Pusat Statistik, Jakarta, 2021. The estimated mid-2021 population was 12.06 million.Badan Pusat Statistik, Jakarta, 2022. Formerly part of the province of West Java, Banten was declared a separate province in 2000. The region is the homeland of the Bantenese people, whose culture differs slightly from that of West Java's Sundanese people. The northern half (particularly the areas near Jakarta and the Java Sea coast) has recently experienced rapid rises in populatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guangzhou
Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kong and north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road; it continues to serve as a major port and transportation hub as well as being one of China's three largest cities. For a long time, the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Due to a high urban population and large volumes of port traffic, Guangzhou is classified as a Large-Port Megacity, the largest type of port-city in the world. Due to worldwide travel restrictions at the beginni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shamian Island
Shamian (also romanized as Shameen or Shamin, both from its Cantonese pronunciation) is a sandbank island in the Liwan District of Guangzhou, Guangdong, China. The island's name literally means "sandy surface" in Chinese. The territory was divided into two concessions given to France and the United Kingdom by the Qing government in the 19th century (1859 to 1943). The island is a gazetted historical area that serves as a tranquil reminder of the colonial European period, with quiet pedestrian avenues flanked by trees and lined by historical buildings in various states of upkeep. The island is the location of several hotels, a youth hostel, restaurants and tourist shops selling curios and souvenirs. Geography The island covers an area of 0.3 km², 900 m from east to west, and 300 m from north to south. It is bordered in the south by the Pearl River, and it is separated from the mainland by a canal. History Shamian Island was an important port for Guangzhou's forei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thirteen Factories
The Thirteen Factories, also known as the , was a neighbourhood along the Pearl River in southwestern Guangzhou (Canton) in the Qing Empire from to 1856 around modern day Xiguan, in Guangzhou's Liwan District. These warehouses and stores were the principal and sole legal site of most Western trade with China from 1757 to 1842. The factories were destroyed by fire in 1822 by accident, in 1841 amid the First Opium War, and in 1856 at the onset of the Second Opium War. The factories' importance diminished after the opening of the treaty ports and the end of the Canton System under the terms of the 1842 Anglo-Chinese Treaty of Nanking. After the Second Opium War, the factories were not rebuilt at their former site south of Guangzhou's old walled city but moved, first to Henan Island across the Pearl River and then to Shamian Island south of Guangzhou's western suburbs. Their former site is now part of . Terminology The "factories" were not workshops or manufacturing cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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