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Lyman J. Gage
Lyman Judson Gage (June 28, 1836 – January 26, 1927) was an American financier and Presidential Cabinet officer. Biography Early life He was born in DeRuyter, New York, educated at an academy in Rome, New York, and at the age of 17 became a bank clerk. In 1853 he moved to Chicago, served for three years as bookkeeper, and in 1858 entered the Merchants Loan and Trust Company, where he was cashier in 1861–1868. Afterwards he became successively assistant cashier, vice-president, and president of the First National Bank of Chicago, one of the strongest financial institutions in the Midwestern United States. He was chosen in 1890 to be president of the board of directors of the World's Columbian Exposition. Following the exposition, he became president of the newly formed Chicago Civic Federation, which sought to reform city governance. Political career In politics he was originally a Republican, and was a delegate to the national convention of the party in 1880, and cha ...
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United States 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 United States presidential line of succession, 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 United States Senate Committee on Finance, Senate Committee on Finance, is confirmed by the United States Senate. The United States Secretary of State, secretary of state, the secretary of the treasury, the United States Secretary of Defense, secretary of defense, and the United States Att ...
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Grover Cleveland
Stephen Grover Cleveland (March 18, 1837June 24, 1908) was an American lawyer and politician who served as the 22nd and 24th president of the United States from 1885 to 1889 and from 1893 to 1897. Cleveland is the only president in American history to serve two non-consecutive terms in office. He won the popular vote for three presidential elections—in 1884, 1888, and 1892—and was one of two Democrats (followed by Woodrow Wilson in 1912) to be elected president during the era of Republican presidential domination dating from 1861 to 1933. In 1881, Cleveland was elected mayor of Buffalo, and in 1882, he was elected governor of New York. He was the leader of the pro-business Bourbon Democrats who opposed high tariffs, free silver, inflation, imperialism, and subsidies to business, farmers, or veterans. His crusade for political reform and fiscal conservatism made him an icon for American conservatives of the era. Cleveland won praise for his honesty, self-reliance, ...
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Grave Of Lyman Judson Gage At Rosehill Cemetery, Chicago 1
A grave is a location where a dead body (typically that of a human, although sometimes that of an animal) is buried or interred after a funeral. Graves are usually located in special areas set aside for the purpose of burial, such as graveyards or cemeteries. Certain details of a grave, such as the state of the body found within it and any objects found with the body, may provide information for archaeologists about how the body may have lived before its death, including the time period in which it lived and the culture that it had been a part of. In some religions, it is believed that the body must be burned or cremated for the soul to survive; in others, the complete decomposition of the body is considered to be important for the rest of the soul (see bereavement). Description The formal use of a grave involves several steps with associated terminology. ;Grave cut The excavation that forms the grave.Ghamidi (2001)Customs and Behavioral Laws Excavations vary from a sha ...
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Balboa Park (San Diego)
Balboa Park is a historic urban cultural park in San Diego, California, United States. In addition to open space areas, natural vegetation zones, green belts, gardens, and walking paths, it contains museums, several theaters, and the San Diego Zoo. There are also many recreational facilities and several gift shops and restaurants within the boundaries of the park. Placed in reserve in 1835, the park's site is one of the oldest in the United States dedicated to public recreational use. Balboa Park is managed and maintained by the Parks and Recreation Department of the City of San Diego. Balboa Park hosted the 1915–16 Panama–California Exposition and 1935–36 California Pacific International Exposition, both of which left architectural landmarks. The park and its historic Exposition buildings were declared a National Historic Landmark and National Historic Landmark District in 1977, and placed on the National Register of Historic Places. and   Park attractions ...
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Panama–California Exposition
The Panama–California Exposition was an exposition held in San Diego, California, between January 1, 1915, and January 1, 1917. The exposition celebrated the opening of the Panama Canal, and was meant to tout San Diego as the first United States port of call for ships traveling north after passing westward through the canal. The fair was held in San Diego's large urban Balboa Park. Proposal and formation Beginning on July 9, 1909, San Diego's Chamber of Commerce president and local businessman Gilbert Aubrey Davidson proposed an exposition to commemorate the completion of the Panama Canal.Amero (2013), p. 13 San Diego by 1910 had a population of 37,578, and would be the least populated city to ever host an international exposition. In contrast, San Francisco had a population nearly 10 times larger and would ultimately be supported by politicians in California and Washington, D.C. for the official Panama Canal exposition, the Panama–Pacific International Exposition. Although ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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United States Trust Company
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. It operated independently until 2000, when it was acquired by Charles Schwab, and Co. and subsequently sold to, and became a subsidiary of, Bank of America in 2007. Bank of America Private Bank provides investment management, wealth structuring, and credit and lending services to clients. History U.S. Trust was founded in 1853 and chartered by the State of New York. It is the first and oldest trust company in the United States. The venture was backed by a group of wealthy men who invested $1 million in the company, at the time named ''United States Trust Company of New York''. The inaugural board of trustees included thirty prominent New Yorkers. Among the founding investors were Cornelius Lawrence of the Bank of the State of New York and then Mayor of New York who was appointed president, and John Aikman Stewart of the United States Life Insurance Company o ...
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Money Market
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in money markets is done over the counter and is wholesale. There are several money market instruments in most Western countries, including treasury bills, commercial paper, banker's acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities. The instruments bear differing maturities, currencies, credit risks, and structures. A market can be described as a money market if it is composed of highly liquid, short-term assets. Money market funds typically invest in government securities, ce ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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Gold Standard Act
The Gold Standard Act was an Law_of_the_United_States#Federal_law, Act of the United States Congress, signed by President William McKinley and effective on March 14, 1900, defining the United States dollar by gold weight and requiring the United States Treasury to redeem, on demand and in gold coin only, Banknotes_of_the_United_States_dollar, paper currency the Act specified. The Act formalized the American gold standard that the Coinage Act of 1873, which demonetized silver, had established by default. Before and after the Act, silver currency including Silver certificate (United States), silver certificates and the Dollar_coin_(United_States), silver dollar circulated at face value as fiat currency not redeemable for gold. The Act fixed the value of one dollar at 25.8 grain (unit), grains of 90% pure gold, equivalent to about $20.67 per troy weight, troy ounce, very near its Coinage_Act_of_1834, historic value. American Double_eagle, circulating gold coins of the per ...
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