John Law (economist)
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John Law (economist)
John Law (pronounced in French in the traditional approximation of ''Laws'', the colloquial Scottish form of the name; 21 April 1671 – 21 March 1729) was a Scottish economist who distinguished money, a means of Financial transaction, exchange, from national wealth dependent on trade. He served as Controller General of Finances under the Philippe II, Duke of Orléans, Duke of Orleans, who was regent for the juvenile Louis XV of France. In 1716, Law set up a private Banque Générale in France. A year later it was nationalised at his request and renamed as Banque Royale. The private bank had been funded mainly by John Law and Louis XV; three-quarters of its capital (economics), capital consisted of government bills and government-accepted notes, effectively making it the nation's first central bank. Backed only partially by silver, it was a Fractional-reserve banking, fractional reserve bank. Law also set up and directed the Mississippi Scheme, Mississippi Company, funded by the ...
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Edinburgh
Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian on the southern shore of the Firth of Forth. Edinburgh is Scotland's List of towns and cities in Scotland by population, second-most populous city, after Glasgow, and the List of cities in the United Kingdom, seventh-most populous city in the United Kingdom. Recognised as the capital of Scotland since at least the 15th century, Edinburgh is the seat of the Scottish Government, the Scottish Parliament and the Courts of Scotland, highest courts in Scotland. The city's Holyrood Palace, Palace of Holyroodhouse is the official residence of the Monarchy of the United Kingdom, British monarchy in Scotland. The city has long been a centre of education, particularly in the fields of medicine, Scots law, Scottish law, literature, philosophy, the sc ...
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Gambler
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universal ...
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Bloomsbury Square
Bloomsbury Square is a garden square in Bloomsbury, in the London Borough of Camden, London. Developed in the late 17th century, it was initially known as Southampton Square and was one of the earliest London squares. By the early 19th century, Bedford House along the north of the square had been demolished and replaced with terraced housing designed by James Burton. Geography To the north of the square is Great Russell Street and Bedford Place, leading to Russell Square. To the south is Bloomsbury Way. To the west is the British Museum and Holborn is the nearest underground station to the southeast. There are gardens in the centre of the square. History The square was developed for the 4th Earl of Southampton in the early 1660s and was initially known as Southampton Square. It was one of the earliest London squares. The Earl's own house, then known as Southampton House and later as Bedford House after the square and the rest of the Bloomsbury Estate passed by marriage fr ...
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Duel
A duel is an arranged engagement in combat between two people, with matched weapons, in accordance with agreed-upon Code duello, rules. During the 17th and 18th centuries (and earlier), duels were mostly single combats fought with swords (the rapier and later the small sword), but beginning in the late 18th century in England, duels were more commonly fought using pistols. Fencing and shooting continued to co-exist throughout the 19th century. The duel was based on a Code of conduct, code of honor. Duels were fought not so much to kill the opponent as to gain "satisfaction", that is, to restore one's honor by demonstrating a willingness to risk one's life for it, and as such the tradition of dueling was originally reserved for the male members of nobility; however, in the modern era, it extended to those of the upper classes generally. On occasion, duels with swords or pistols were fought between women. Legislation against dueling goes back to the medieval period. The Fourth Co ...
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High School Of Edinburgh
The Royal High School (RHS) of Edinburgh is a co-educational school administered by the City of Edinburgh Council. The school was founded in 1128 and is one of the oldest schools in Scotland. It serves 1,200 pupils drawn from four feeder primaries in the north-west of the city: Blackhall primary school, Clermiston primary school, Cramond and Davidson's Mains. The school's profile has given it a flagship role in education, piloting such experiments as the introduction of the Certificate of Secondary Education, the provision of setting in English and mathematics, and the curricular integration of European Studies and the International Baccalaureate. The Royal High School was last inspected by HMIE in April 2007. The rector is Pauline Walker who replaced Jane Frith, the first woman to head the school. History The Royal High School is, by one reckoning, the 18th- oldest school in the world, with a history of almost 900 years. Historians associate its birth with the flowering o ...
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Firth Of Forth
The Firth of Forth () is the estuary, or firth, of several Scottish rivers including the River Forth. It meets the North Sea with Fife on the north coast and Lothian on the south. Name ''Firth'' is a cognate of ''fjord'', a Norse word meaning a narrow inlet. ''Forth'' stems from the name of the river; this is ''*Vo-rit-ia'' (slow running) in Proto-Celtic, yielding '' Foirthe'' in Old Gaelic and '' Gweryd'' in Welsh. It was known as ''Bodotria'' in Roman times. In the Norse sagas it was known as the ''Myrkvifiörd''. An early Welsh name is ''Merin Iodeo'', or the "Sea of Iudeu". Geography and economy Geologically, the Firth of Forth is a fjord, formed by the Forth Glacier in the last glacial period. The drainage basin for the Firth of Forth covers a wide geographic area including places as far from the shore as Ben Lomond, Cumbernauld, Harthill, Penicuik and the edges of Gleneagles Golf Course. Many towns line the shores, as well as the petrochemical complexes at Gr ...
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Cramond
Cramond Village (; gd, Cathair Amain) is a village and suburb in the north-west of Edinburgh, Scotland, at the mouth of the River Almond where it enters the Firth of Forth. The Cramond area has evidence of Mesolithic, Bronze Age and Roman activity. In modern times, it was the birthplace of the Scottish economist John Law (1671–1729). Cramond was incorporated into the City of Edinburgh by the Edinburgh Boundaries Extension and Tramways Act 1920. Etymology It was once believed that Cramond Roman Fort was known to the Romans as ''Alaterva''. A stone altar was dug up in the grounds of Cramond House dedicated "To the Alatervan Mothers and the Mothers of the Parade-ground."Site Record for Cramond Edinburgh, Cramond Roman Fort Details
– Royal Commission on the Ancient and Histo ...
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Lauriston Castle
Lauriston Castle is a 16th-century tower house with 19th-century extensions overlooking the Firth of Forth, in Edinburgh, Scotland. It lies on Cramond Road South, between Cramond, Davidson's Mains, and Silverknowes. The substantial grounds, Lauriston Castle Gardens, operate as a local park. The castle was bequeathed to the Edinburgh Corporation (post 1975 known as Edinburgh City Council) and hosts the Lord Provost's annual Garden Party. The house is a Category A listed building and the grounds are included in the Inventory of Gardens and Designed Landscapes in Scotland. History A Lauriston Castle stood on this site in medieval times but was almost totally destroyed in the raids on Edinburgh in 1544 by the Earl of Hertford's troops. A tower house was rebuilt around 1590 by Sir Archibald Napier of Merchiston, father of John Napier, for his first son by his second marriage, also named Archibald (1575–1600), known as Napier of Woolmet. Logically, this would be no earlier tha ...
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Fife
Fife (, ; gd, Fìobha, ; sco, Fife) is a council area, historic county, registration county and lieutenancy area of Scotland. It is situated between the Firth of Tay and the Firth of Forth, with inland boundaries with Perth and Kinross (i.e. the historic counties of Perthshire and Kinross-shire) and Clackmannanshire. By custom it is widely held to have been one of the major Pictish kingdoms, known as ''Fib'', and is still commonly known as the Kingdom of Fife within Scotland. A person from Fife is known as a ''Fifer''. In older documents the county was very occasionally known by the anglicisation Fifeshire. Fife is Scotland's third largest local authority area by population. It has a resident population of just under 367,000, over a third of whom live in the three principal towns, Dunfermline, Kirkcaldy and Glenrothes. The historic town of St Andrews is located on the northeast coast of Fife. It is well known for the University of St Andrews, the most ancient univers ...
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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 ...
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Law - Money And Trade Considered, With A Proposal For Supplying The Nation With Money, 1934 - 5802114
Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been variously described as a science and as the art of justice. State-enforced laws can be made by a group legislature or by a single legislator, resulting in statutes; by the executive through decrees and regulations; or established by judges through precedent, usually in common law jurisdictions. Private individuals may create legally binding contracts, including arbitration agreements that adopt alternative ways of resolving disputes to standard court litigation. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people. Legal systems vary between jurisdictions, ...
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Millionaire
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros or the currency of the given country. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is obviously much easier and less significant to be a millionaire in those currencies, thus a millionaire (in the local currency) in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, Euro, o ...
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