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Great Railroad Strike Of 1877
The Great Railroad Strike of 1877, sometimes referred to as the Great Upheaval, began on July 14 in Martinsburg, West Virginia, after the Baltimore and Ohio Railroad (B&O) cut wages for the third time in a year. This strike finally ended 52 days later, after it was put down by unofficial militias, the National Guard, and federal troops. Because of economic problems and pressure on wages by the railroads, workers in numerous other cities, in New York, Pennsylvania and Maryland, into Illinois and Missouri, also went out on strike. An estimated 100 people were killed in the unrest across the country. In Martinsburg, Pittsburgh, Philadelphia and other cities, workers burned down and destroyed both physical facilities and the rolling stock of the railroads—engines and railroad cars. Local populations feared that workers were rising in revolution such as the Paris Commune of 1871. At the time, the workers were not represented by trade unions. The city and state governments were ai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harpers 8 11 1877 Blockade Of Engines At Martinsburg W VA ''
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Harpers may refer to: * Harpers, popular misnomer for ''Harper's Magazine'', American monthly magazine * ''Harper's Bazaar'', monthly American fashion magazine * ''Harpers Wine & Spirit'', formerly ''Harpers Magazine'' (since 1878), British trade publication * Harpers (''Forgotten Realms''), fictional organization in ''Forgotten Realms'' games * Harper (publisher), an American publishing company See also * Harper's (other) * Harper (other) * ''Harpers Magazine (other) ''Harpers Magazine'' may refer to: * ''Harper's Magazine'' (since 1850), American monthly magazine of literature, politics, culture, finance, and the arts * ''Harpers Wine & Spirit'', formerly ''Harpers Magazine'', British information service for t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Cooke
Jay Cooke (August 10, 1821 – February 16, 1905) was an American financier who helped finance the Union war effort during the American Civil War and the postwar development of railroads in the northwestern United States. He is generally acknowledged as the first major investment banker in the United States and creator of the first wire house firm. Early life Cooke was born at Sandusky, Ohio, the son of Eleutheros Cooke and Martha Carswell Cooke. Eleutheros Cooke was a pioneer Ohio lawyer and Whig, a member of the Ohio General Assembly, and a member of Congress from Ohio from 1831 to 1833. Financier of the Civil War In 1838, Cooke went to Philadelphia, where he entered the banking house of E. W. Clark & Co. as a clerk, and became a partner in 1842. He left this firm in 1858. On January 1, 1861, just months before the start of the American Civil War, Cooke opened the private banking house of Jay Cooke & Company in Philadelphia. Soon after the war began, the state of Pen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freemasonry
Freemasonry or Masonry refers to fraternal organisations that trace their origins to the local guilds of stonemasons that, from the end of the 13th century, regulated the qualifications of stonemasons and their interaction with authorities and clients. Modern Freemasonry broadly consists of two main recognition groups: * Regular Freemasonry insists that a volume of scripture be open in a working lodge, that every member profess belief in a Supreme Being, that no women be admitted, and that the discussion of religion and politics be banned. * Continental Freemasonry consists of the jurisdictions that have removed some, or all, of these restrictions. The basic, local organisational unit of Freemasonry is the Lodge. These private Lodges are usually supervised at the regional level (usually coterminous with a state, province, or national border) by a Grand Lodge or Grand Orient. There is no international, worldwide Grand Lodge that supervises all of Freemasonry; each Grand Lod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revolutionary Socialism
Revolutionary socialism is a political philosophy, doctrine, and tradition within socialism that stresses the idea that a social revolution is necessary to bring about structural changes in society. More specifically, it is the view that revolution is a necessary precondition for transitioning from a capitalist to a socialist mode of production. Revolution is not necessarily defined as a violent insurrection; it is defined as a seizure of political power by mass movements of the working class so that the state is directly controlled or abolished by the working class as opposed to the capitalist class and its interests.Thompson, Carl D. (October 1903)"What Revolutionary Socialism Means" ''The Vanguard''. Green Bay: Socialist Party of America. 2 (2): 13. Retrieved 31 August 2020 – via the Marxist Internet Archive. Revolutionary socialists believe such a state of affairs is a precondition for establishing socialism and orthodox Marxists believe it is inevitable but not predetermin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loans
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Grants
A land grant is a gift of real estate—land or its use privileges—made by a government or other authority as an incentive, means of enabling works, or as a reward for services to an individual, especially in return for military service. Grants of land are also awarded to individuals and companies as incentives to develop unused land in relatively unpopulated countries; the process of awarding land grants are not limited to the countries named below. The United States historically gave out numerous land grants as Homesteads to individuals desiring to prove a farm. The American Industrial Revolution was guided by many supportive acts of legislatures (for example, the Main Line of Public Works legislation of 1826) promoting commerce or transportation infrastructure development by private companies, such as the Cumberland Road turnpike, the Lehigh Canal, the Schuylkill Canal and the many railroads that tied the young United States together. Ancient Rome Roman soldiers were given pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Capital
Financial capital (also simply known as capital or equity in finance, accounting and economics) is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based, ''e.g.'', retail, corporate, investment banking, etc. In other words, financial capital is internal retained earnings generated by the entity or funds provided by lenders (and investors) to businesses in order to purchase real capital equipment or services for producing new goods and/or services. In contrast, real capital (or economic capital) comprises physical goods that assist in the production of other goods and services, e.g. shovels for gravediggers, sewing machines for tailors, or machinery and tooling for factories. IFRS concepts of capital maintenance ''Financial capital'' generally refers to saved-up financial wealth, especially that used in or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Speculation
In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bond (finance), bonds, commodity futures, currency, currencies, fine art, collectibles, real estate, and derivative (finance), derivatives. Speculators play one of four primary roles in financial markets, along with hedge (finance), hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where Fungibility, fungible instruments trade at different prices in different market segments, and investors who s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. After gathering wild grains beginning at least 105,000 years ago, nascent farmers began to plant them around 11,500 years ago. Sheep, goats, pigs and cattle were domesticated over 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. Industrial agriculture based on large-scale monoculture in the twentieth century came to dominate agricultural output, though about 2 billion people still depended on subsistence agriculture. The major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials (such as rubber). Food classes include cereals (grains), vegetables, fruits, cooking oils, meat, milk, ... [...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] |
David Glasner
David Glasner is an American economist who currently works at the Federal Trade Commission. Glasner received his entire education at the University of California, Los Angeles (UCLA), from which he received a BA in Economics in 1970, MA in 1973 and PhD in 1977. Glasner's research interests include monetary theory, law and economics, and history of economic thought. He defends an "undogmatic version of liberalism against the more extreme versions of libertarianism on the one hand and socialism and nationalistic or statist forms of conservatism on the other." Since July 2011 Glasner maintains a blog called ''Uneasy Money'', which is subtitled, "Commentary on monetary policy in the spirit of R. G. Hawtrey." Publications Glasner's notable publications include: Books *''Politics, Prices, and Petroleum'' (Ballinger/Pacific Institute, 1985) *''Free Banking and Monetary Reform'' (Cambridge University Press, 1988) Chapters *"An Evolutionary Theory of the State Monopoly over Money" in '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilded Age
In United States history, the Gilded Age was an era extending roughly from 1877 to 1900, which was sandwiched between the Reconstruction era and the Progressive Era. It was a time of rapid economic growth, especially in the Northern and Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and industrialization demanded an ever-increasing unskilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to real wage growth of 60% between 1860 and 1890, and spread across the ever-increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880, to $564 in 1890, a gain of 48%. Conversely, the Gilded Age was also an era of abject poverty and inequality, as millions of immigrants—many from impoverished regions—poured into the United States, and the high concentration of wealth became more vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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