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Nicholas Biddle (banker)
Nicholas Biddle (January 8, 1786February 27, 1844) was an American financier who served as the third and last president of the Second Bank of the United States (chartered 1816–1836). Throughout his life Biddle worked as an editor, diplomat, author, and politician who served in both houses of the Pennsylvania state legislature. He is best known as the chief opponent of Andrew Jackson in the Bank War. Born into the illustrious Biddle family of Philadelphia, young Nicholas worked for a number of prominent officials, including John Armstrong Jr. and James Monroe. In the Pennsylvania state legislature, he defended the utility of a national bank in the face of Jeffersonian criticisms. From 1823 to 1836, Biddle served as president of the Second Bank, during which time he exercised power over the nation's money supply and interest rates, seeking to prevent economic crises. With prodding from Henry Clay and the Bank's major stockholders, Biddle engineered a bill in Congress to rene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Bank Of The United States
The Second Bank of the United States was the second federally authorized Hamiltonian national bank in the United States. Located in Philadelphia, Pennsylvania, the bank was chartered from February 1816 to January 1836.. The Bank's formal name, according to section 9 of its charter as passed by Congress, was "The President Directors and Company of the Bank of the United States". While other banks in the US were chartered by and only allowed to have branches in a single state, it was authorized to have branches in multiple states and lend money to the US government. A private corporation with public duties, the Bank handled all fiscal transactions for the U.S. Government, and was accountable to Congress and the U.S. Treasury. Twenty percent of its capital was owned by the federal government, the Bank's single largest stockholder.. Four thousand private investors held 80 percent of the Bank's capital, including three thousand Europeans. The bulk of the stocks were held by a few hundr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. Among its highly ranked graduate schools are its law school, whose first professor wrote the first draft of the United States Constitution, its medical school, the first in North America, and Wharton, the first collegiate business school. Penn's endowment is US$20.7 billio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Napoleon Bonaparte
Napoleon Bonaparte ; it, Napoleone Bonaparte, ; co, Napulione Buonaparte. (born Napoleone Buonaparte; 15 August 1769 – 5 May 1821), later known by his regnal name Napoleon I, was a French military commander and political leader who rose to prominence during the French Revolution and led Military career of Napoleon Bonaparte, successful campaigns during the French Revolutionary Wars, Revolutionary Wars. He was the ''de facto'' leader of the First French Republic, French Republic as First Consul from 1799 to 1804, then Emperor of the French from 1804 until 1814 and again in Hundred Days, 1815. Napoleon's political and cultural legacy endures to this day, as a highly celebrated and controversial leader. He initiated many liberal reforms that have persisted in society, and is considered one of the greatest military commanders in history. His wars and campaigns are studied by militaries all over the world. Between three and six million civilians and soldiers Napoleonic Wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called the capital of the world. The City of Paris is the centre of the Île-de-France region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the region France's primate city. The Paris Region had a GDP of €739 billion ($743 billion) in 2019, which is the highest in Europe. According to the Economist Intelli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continental Congress
The Continental Congress was a series of legislative bodies, with some executive function, for thirteen of Britain's colonies in North America, and the newly declared United States just before, during, and after the American Revolutionary War. The term "Continental Congress" most specifically refers to the First and Second Congresses of 1774–1781 and, at the time, was also used to refer to the Congress of the Confederation of 1781–1789, which operated as the first national government of the United States until being replaced under the Constitution of the United States. Thus, the term covers the three congressional bodies of the Thirteen Colonies and the new United States that met between 1774 and 1789. The First Continental Congress was called in 1774 in response to growing tensions between the colonies culminating in the passage of the Intolerable Acts by the British Parliament. It met for about six weeks and sought to repair the fraying relationship between Britain and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valedictorian
Valedictorian is an academic title for the highest-performing student of a graduating class of an academic institution. The valedictorian is commonly determined by a numerical formula, generally an academic institution's grade point average (GPA) system, but other methods of selection may be used or factored in such as community service or extra-curricular activity. The term is an Anglicised derivation of the Latin ''vale dicere'' ("to say farewell"), historically rooted in the valedictorian's traditional role as the final speaker at the graduation ceremony commencement before the students receive their diplomas. The valedictory address, also known as the valediction, is generally considered a final farewell to classmates, before they disperse to pursue their individual paths after graduating. The term is not widely used or known outside the US, although some countries may award equivalent titles. In Australia, the title is sometimes awarded to a member of a graduating universit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Revolutionary War
The American Revolutionary War (April 19, 1775 – September 3, 1783), also known as the Revolutionary War or American War of Independence, was a major war of the American Revolution. Widely considered as the war that secured the independence of the United States, fighting began on April 19, 1775, followed by the Lee Resolution on July 2, 1776, and the Declaration of Independence on July 4, 1776. The American Patriots were supported by the Kingdom of France and, to a lesser extent, the Dutch Republic and the Spanish Empire, in a conflict taking place in North America, the Caribbean, and the Atlantic Ocean. Established by royal charter in the 17th and 18th centuries, the American colonies were largely autonomous in domestic affairs and commercially prosperous, trading with Britain and its Caribbean colonies, as well as other European powers via their Caribbean entrepôts. After British victory over the French in the Seven Years' War in 1763, tensions between the motherland and he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Penn
William Penn ( – ) was an English writer and religious thinker belonging to the Religious Society of Friends (Quakers), and founder of the Province of Pennsylvania, a North American colony of England. He was an early advocate of democracy and religious freedom, notable for his good relations and successful treaties with the Lenape Native Americans. In 1681, King Charles II handed over a large piece of his North American land holdings along the North Atlantic Ocean coast to Penn to pay the debts the king had owed to Penn's father, the admiral and politician Sir William Penn. This land included the present-day states of Pennsylvania and Delaware. Penn immediately set sail and took his first step on American soil, sailing up the Delaware Bay and Delaware River, past earlier Swedish and Dutch riverfront colonies, in New Castle (now in Delaware) in 1682. On this occasion, the colonists pledged allegiance to Penn as their new proprietor, and the first Pennsylvania General A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quaker
Quakers are people who belong to a historically Protestant Christian set of Christian denomination, denominations known formally as the Religious Society of Friends. Members of these movements ("theFriends") are generally united by a belief in each human's ability to experience Inward light, the light within or see "that of God in every one". Some profess a priesthood of all believers inspired by the First Epistle of Peter. They include those with evangelicalism, evangelical, Holiness movement, holiness, Mainline Protestant, liberal, and Conservative Friends, traditional Quaker understandings of Christianity. There are also Nontheist Quakers, whose spiritual practice does not rely on the existence of God. To differing extents, the Friends avoid creeds and Hierarchical structure, hierarchical structures. In 2017, there were an estimated 377,557 adult Quakers, 49% of them in Africa. Some 89% of Quakers worldwide belong to ''evangelical'' and ''programmed'' branches that hold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Clay
Henry Clay Sr. (April 12, 1777June 29, 1852) was an American attorney and statesman who represented Kentucky in both the U.S. Senate and House of Representatives. He was the seventh House speaker as well as the ninth secretary of state, also receiving electoral votes for president in the 1824, 1832, and 1844 presidential elections. He helped found both the National Republican Party and the Whig Party. For his role in defusing sectional crises, he earned the appellation of the "Great Compromiser" and was part of the "Great Triumvirate" of Congressmen, alongside fellow Whig Daniel Webster and John C. Calhoun. Clay was born in Hanover County, Virginia, in 1777, beginning his legal career in Lexington, Kentucky, in 1797. As a member of the Democratic-Republican Party, Clay won election to the Kentucky state legislature in 1803 and to the U.S. House of Representatives in 1810. He was chosen as Speaker of the House in early 1811 and, along with President James Madison, led ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Armstrong Jr
John Armstrong Jr. (November 25, 1758April 1, 1843) was an American soldier, diplomat and statesman who was a delegate to the Continental Congress, U.S. Senator from New York, and United States Secretary of War under President James Madison. A member of the Democratic-Republican Party, Armstrong was United States Minister to France from 1804 to 1810. Early life Armstrong was born in Carlisle, Pennsylvania, the younger son of General John Armstrong and Rebecca (Lyon) Armstrong. John Armstrong Sr. was a renowned Pennsylvania soldier born in Ireland of Scottish descent. John Jr.'s older brother was James Armstrong, who became a physician and U.S. Congressman. After early education in Carlisle, John Jr. studied at the College of New Jersey (now Princeton University). He broke off his studies in Princeton in 1775 to return to Pennsylvania and join the fight in the Revolutionary War. Career Revolutionary War The young Armstrong initially joined a Pennsylvania militia regiment an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank War
The Bank War was a political struggle that developed over the issue of rechartering the Second Bank of the United States (B.U.S.) during the Presidency of Andrew Jackson, presidency of Andrew Jackson (1829–1837). The affair resulted in the shutdown of the Bank and its replacement by state banks. The Second Bank of the United States was established as a private organization with a 20-year charter, having the exclusive right to conduct banking on a national scale. The goal behind the B.U.S. was to stabilize the American economy by establishing a uniform currency and strengthening the federal government. Supporters of the Bank regarded it as a stabilizing force in the economy due to its ability to smooth out variations in prices and trade, extend credit, supply the nation with a sound and uniform currency, provide fiscal services for the treasury department, facilitate long-distance trade, and prevent inflation by regulating the lending practices of state banks. Jacksonian democra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
