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Goldsmith Banker
A goldsmith banker was a business role that emerged in seventeenth century London from the London goldsmiths where they gradually expanded their services to include storage of wealth, providing loans, transferring money and providing bills of exchange that would lead to the development of cheques. Some of the concepts were brought over from Amsterdam where goldsmiths would provide gold storage and issue chits that started to be used as a means of exchange. The goldsmith banker became a key development in the history of banking that would lead to modern banking. History Their emergence was gradual: exchanging goldsmiths, who dealt in coinage, started to become recognised as carrying out a different activity from a working goldsmith in the 1630s. Prior to that date banking in London was principally carried out by foreigners, generally Italians, Germans, and the Dutch. However this innovation led to an indigenous banking tradition. The seizure of bullion held on safe deposit at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
17th Century In London
17 (seventeen) is the natural number following 16 and preceding 18. It is a prime number. Seventeen is the sum of the first four prime numbers. In mathematics 17 is the seventh prime number, which makes seventeen the fourth super-prime, as seven is itself prime. The next prime is 19, with which it forms a twin prime. It is a cousin prime with 13 and a sexy prime with 11 and 23. It is an emirp, and more specifically a permutable prime with 71, both of which are also supersingular primes. Seventeen is the sixth Mersenne prime exponent, yielding 131,071. Seventeen is the only prime number which is the sum of four consecutive primes: 2, 3, 5, 7. Any other four consecutive primes summed would always produce an even number, thereby divisible by 2 and so not prime. Seventeen can be written in the form x^y + y^x and x^y - y^x, and, as such, it is a Leyland prime and Leyland prime of the second kind: :17=2^+3^=3^-4^. 17 is one of seven lucky numbers of Euler which produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Killigrew (1606–1695)
Sir William Killigrew (1606–1695) of Kempton Park, Middlesex, was an English court official under Charles I and Charles II. He was the son of Sir Robert Killigrew (d. 1633/5) and Mary Woodhouse, of Kimberley, Norfolk, his wife. He was the elder brother to Thomas Killigrew. By his wife Mary, daughter of John Hill of Honilay, Warwickshire, he had three sons: Henry (d. 1661), William, a captain in the army, and Sir Robert. Their daughter Elizabeth (d. 1677) married Francis Clinton, 6th Earl of Lincoln with whom she had one child, Francis Clinton, who died in infancy. Killigrew was knighted in May 1626. He was elected MP for Newport and Penryn, Cornwall in March 1628, but only sat for the latter. In 1629, he and his father were jointly awarded the Governorship of Pendennis Castle. However, after some trouble, he resigned in favour of Sir Nicholas Slanning in April 1635. In 1634, he granted a 99-year lease of 6 shares of land () in Hamilton Tribe of Bermuda to his uncl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of The Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is a statutory member of the Cabinet of the United States, and is fifth in the presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the Senate Committee on Finance, is confirmed by the United States Senate. The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments. The current secretary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir George Downing, 1st Baronet
Sir George Downing, 1st Baronet ( – 1684) was a statesman, soldier, diplomat and spymaster and preacher, whose allegiances changed significantly during his career, giving his support to Oliver Cromwell and (later, after the Restoration) Charles II. As Teller of the Exchequer, he is credited with instituting major reforms in public finance. His influence on the passage and substance of the mercantilist Navigation Acts was substantial. The Acts protected English maritime commerce from competition, especially competition from the Netherlands, and led to the increase in the size of the English merchant fleet and of the Royal Navy that protected it. They are credited with contributing to the security of the English state and its ability to project its power abroad, but may have stunted potential developments in shipbuilding and operation by stifling competition. Downing Street in London is named after him. More than any other man he was responsible for arranging the acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Reserve Banking
Fractional-reserve banking is the system of banking operating in almost all countries worldwide, under which banks that take deposits from the public are required to hold a proportion of their deposit liabilities in liquid assets as a reserve, and are at liberty to lend the remainder to borrowers. Bank reserves are held as cash in the bank or as balances in the bank's account at the central bank. The country's central bank determines the minimum amount that banks must hold in liquid assets, called the "reserve requirement" or "reserve ratio". Most commercial banks hold more than this minimum amount as excess reserves. Bank deposits are usually of a relatively short-term duration, and may be "at call", while loans made by banks tend to be longer-term, resulting in a risk that customers may at any time collectively wish to withdraw cash out of their accounts in excess of the bank reserves. The reserves only provide liquidity to cover withdrawals within the normal pattern. Banks a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stuart Restoration
The Restoration of the Stuart monarchy in the kingdoms of England, Scotland and Ireland took place in 1660 when King Charles II returned from exile in continental Europe. The preceding period of the Protectorate and the civil wars came to be known as the Interregnum (1649–1660). The term ''Restoration'' is also used to describe the period of several years after, in which a new political settlement was established. It is very often used to cover the whole reign of King Charles II (1660–1685) and often the brief reign of his younger brother King James II (1685–1688). In certain contexts it may be used to cover the whole period of the later Stuart monarchs as far as the death of Queen Anne and the accession of the Hanoverian King George I in 1714. For example, Restoration comedy typically encompasses works written as late as 1710. The Protectorate After Richard Cromwell, Lord Protector from 1658 to 1659, ceded power to the Rump Parliament, Charles Fleetwood and J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldsmith
A goldsmith is a Metalworking, metalworker who specializes in working with gold and other precious metals. Nowadays they mainly specialize in jewelry-making but historically, goldsmiths have also made cutlery, silverware, platter (dishware), platters, goblets, decorative and serviceable utensils, and ceremonial or religious items. Goldsmiths must be skilled in forming metal through file (tool), filing, brazing, soldering, sawing, forging, Casting (metalworking), casting, and polishing. The trade has very often included jewelry-making skills, as well as the very similar skills of the silversmith. Traditionally, these skills had been passed along through apprenticeships; more recently jewelry arts schools, specializing in teaching goldsmithing and a multitude of skills falling under the jewelry arts umbrella, are available. Many universities and junior colleges also offer goldsmithing, silversmithing, and metal arts fabrication as a part of their fine arts curriculum. Gold Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Civil War
The English Civil War (1642–1651) was a series of civil wars and political machinations between Parliamentarians (" Roundheads") and Royalists led by Charles I ("Cavaliers"), mainly over the manner of England's governance and issues of religious freedom. It was part of the wider Wars of the Three Kingdoms. The first (1642–1646) and second (1648–1649) wars pitted the supporters of King Charles I against the supporters of the Long Parliament, while the third (1649–1651) saw fighting between supporters of King Charles II and supporters of the Rump Parliament. The wars also involved the Scottish Covenanters and Irish Confederates. The war ended with Parliamentarian victory at the Battle of Worcester on 3 September 1651. Unlike other civil wars in England, which were mainly fought over who should rule, these conflicts were also concerned with how the three Kingdoms of England, Scotland and Ireland should be governed. The outcome was threefold: the trial of and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles I Of England
Charles I (19 November 1600 – 30 January 1649) was King of England, Scotland, and Ireland from 27 March 1625 until Execution of Charles I, his execution in 1649. He was born into the House of Stuart as the second son of King James VI of Scotland, but after his father inherited the English throne in 1603, he moved to England, where he spent much of the rest of his life. He became heir apparent to the kingdoms of England, Scotland, and Ireland in 1612 upon the death of his elder brother, Henry Frederick, Prince of Wales. An unsuccessful and unpopular attempt to marry him to the Spanish Habsburg princess Maria Anna of Spain, Maria Anna culminated in an eight-month visit to Spain in 1623 that demonstrated the futility of the marriage negotiation. Two years later, he married the House of Bourbon, Bourbon princess Henrietta Maria of France. After his 1625 succession, Charles quarrelled with the Parliament of England, English Parliament, which sought to curb his royal prerogati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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