James Madison Barker
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James Madison Barker
James Madison Barker (13 March 1886 – 3 July 1974) was an American banker and business executive who worked for First National Bank of Boston, Sears, Roebuck & Company, and Allstate Insurance Company. He was born in Pittsfield, Massachusetts, the son of Charles Trueworth Barker III, a clothing salesman, and Emma Jane Burke Barker. Barker began his career as a civil engineer, earning his degree in engineering from the Massachusetts Institute of Technology in 1903. In 1914, he married Margaret Rankin, whom he met on a trip to the Panama Canal. After the birth of their three children, Barker took a more financially stable position developing a First National Bank of Boston branch in Buenos Aires, Argentina. In order to return to the United States, he then took a position at Sears & Roebuck Co., in which he developed the concept of “time-payment” financing, which became popular in other banks and companies. He was later appointed director of Allstate Insurance, a subsidiary of ...
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Banker
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Economy Of Iran
The economy of Iran is a mixed economy with a large state-owned sector and is the largest in the Middle East in terms of nominal GDP. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally planned."A survey of Iran: Stunted and distorted". ''The Economist'' (2003) It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange. The stock exchange has been one of the best performing exchanges in the world over the past decade.Matthew Lynn: Are you brave enough to invest in Iran?
''Wall Street Journal (Market Watch)'', March 26, 2014. Retrieved March 28, 2014.
With 10% of the world's
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People From Pittsfield, Massachusetts
A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility. The defining features of personhood and, consequently, what makes a person count as a person, differ widely among cultures and contexts. In addition to the question of personhood, of what makes a being count as a person to begin with, there are further questions about personal identity and self: both about what makes any particular person that particular person instead of another, and about what makes a person at one time the same person as they were or will be at another time despite any intervening changes. The plural form "people" is often used to refer to an entire nation or ethnic group (as in "a people"), and this was the original meaning of the word; it subsequently acquired its use as a plural form of ...
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1886 Births
Events January–March * January 1 – Upper Burma is formally annexed to British Burma, following its conquest in the Third Anglo-Burmese War of November 1885. * January 5– 9 – Robert Louis Stevenson's novella ''Strange Case of Dr Jekyll and Mr Hyde'' is published in New York and London. * January 16 – A resolution is passed in the German Parliament to condemn the Prussian deportations, the politically motivated mass expulsion of ethnic Poles and Jews from Prussia, initiated by Otto von Bismarck. * January 18 – Modern field hockey is born with the formation of The Hockey Association in England. * January 29 – Karl Benz patents the first successful gasoline-driven automobile, the Benz Patent-Motorwagen (built in 1885). * February 6– 9 – Seattle riot of 1886: Anti-Chinese sentiments result in riots in Seattle, Washington. * February 8 – The West End Riots following a popular meeting in Trafalgar Square, London. * F ...
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1974 Deaths
Major events in 1974 include the aftermath of the 1973 oil crisis and the resignation of President of the United States, United States President Richard Nixon following the Watergate scandal. In the Middle East, the aftermath of the 1973 Yom Kippur War determined politics; following List of Prime Ministers of Israel, Israeli Prime Minister Golda Meir's resignation in response to high Israeli casualties, she was succeeded by Yitzhak Rabin. In Europe, the Turkish invasion of Cyprus, invasion and occupation of northern Cyprus by Turkey, Turkish troops initiated the Cyprus dispute, the Carnation Revolution took place in Portugal, and Chancellor of Germany, Chancellor of West Germany Willy Brandt resigned following an Guillaume affair, espionage scandal surrounding his secretary Günter Guillaume. In sports, the year was primarily dominated by the 1974 FIFA World Cup, FIFA World Cup in West Germany, in which the Germany national football team, German national team won the championshi ...
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Howard Wesley Johnson
Howard Wesley Johnson (July 2, 1922 – December 12, 2009) was an American educator. He served as dean of the MIT Sloan School of Management between 1959 and 1966, president of MIT between 1966 and 1971, and chairman of the MIT Corporation (the university's board of trustees) from 1971 to 1983.Dennis Hevesi, "Howard W. Johnson, 87, M.I.T. President," ''The New York Times'', December 22, 2009, p. B11. He was a member of both the American Academy of Arts and Sciences and the American Philosophical Society. Education and early career Johnson graduated in 1943 with a bachelor's degree in business from Central College in Chicago. He served in the Army in Europe during World War II, and returned to earn a master's degree in economics at the University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is cons ...
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Boston Athenæum
The Boston Athenaeum is one of the oldest independent libraries in the United States. It is also one of a number of subscription library, membership libraries, for which patrons pay a yearly subscription fee to use Athenaeum services. The institution was founded in 1807 by the Anthology Club of Boston, Massachusetts. It is located at 10 1/2 Beacon Street on Beacon Hill, Boston, Beacon Hill. Resources of the Boston Athenaeum include a large circulating book collection; a public gallery; a rare books collection of over 100,000 volumes; an art collection of 100,000 paintings, sculptures, prints, drawings, photographs, and decorative arts; research collections including one of the world's most important collections of primary materials on the American Civil War; and a public forum offering lectures, readings, concerts, and other events. Special treasures include the largest portion of President George Washington, George Washington's library from Mount Vernon; Jean-Antoine Houdon, Ho ...
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Art Institute Of Chicago
The Art Institute of Chicago in Chicago's Grant Park, founded in 1879, is one of the oldest and largest art museums in the world. Recognized for its curatorial efforts and popularity among visitors, the museum hosts approximately 1.5 million people annually. Its collection, stewarded by 11 curatorial departments, is encyclopedic, and includes iconic works such as Georges Seurat's ''A Sunday on La Grande Jatte'', Pablo Picasso's ''The Old Guitarist'', Edward Hopper's '' Nighthawks'', and Grant Wood's '' American Gothic''. Its permanent collection of nearly 300,000 works of art is augmented by more than 30 special exhibitions mounted yearly that illuminate aspects of the collection and present cutting-edge curatorial and scientific research. As a research institution, the Art Institute also has a conservation and conservation science department, five conservation laboratories, and one of the largest art history and architecture libraries in the country—the Ryerson and B ...
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Newberry Library
The Newberry Library is an independent research library, specializing in the humanities and located on Washington Square in Chicago, Illinois. It has been free and open to the public since 1887. Its collections encompass a variety of topics related to the history and cultural production of Western Europe and the Americas over the last six centuries. The Library is named to honor the founding bequest from the estate of philanthropist Walter Loomis Newberry. Core collection strengths support research in several subject areas, including maps, travel, and exploration; music from the Renaissance to the early twentieth century; early contact between Western colonizers and Indigenous peoples in the Western Hemisphere; the personal papers of twentieth-century American journalists; the history of printing; and genealogy and local history. Although the Newberry is a noncirculating library, it welcomes researchers into the reading rooms who are at least 14 years old or in the ninth grade, ...
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Northwestern University
Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world. Chartered by the Illinois General Assembly in 1851, Northwestern was established to serve the former Northwest Territory. The university was initially affiliated with the Methodist Episcopal Church but later became non-sectarian. By 1900, the university was the third largest university in the United States. In 1896, Northwestern became a founding member of the Big Ten Conference, and joined the Association of American Universities as an early member in 1917. The university is composed of eleven undergraduate, graduate, and professional schools, which include the Kellogg School of Management, the Pritzker School of Law, the Feinberg School of Medicine, the Weinberg College of Arts and Sciences, the Bienen School of Music, the McCormick ...
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Chicago Museum Of Science And Industry
The Museum of Science and Industry (MSI) is a science museum located in Chicago, Illinois, in Jackson Park, in the Hyde Park neighborhood between Lake Michigan and The University of Chicago. It is housed in the former ''Palace of Fine Arts'' from the 1893 World's Columbian Exposition. Initially endowed by Julius Rosenwald, the Sears, Roebuck and Company president and philanthropist, it was supported by the Commercial Club of Chicago and opened in 1933 during the Century of Progress Exposition. Among the museum's exhibits are a full-size replica coal mine, captured during World War II, a model railroad, the command module of Apollo 8, and the first diesel-powered streamlined stainless-steel passenger train (''Pioneer Zephyr''). History The Palace of Fine Arts (also known as the Fine Arts Building) at the 1893 World's Columbian Exposition was designed by Charles B. Atwood for D. H. Burnham & Co. During the fair, the palace displayed paintings, prints, drawing, sculpture, an ...
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Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the ''Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company, rea ...
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