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Resumption Act
The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption of previously-unbacked United States Notes and reversed inflationary government policies promoted directly after the American Civil War. The decision further contracted the nation's money supply and was seen by critics as an exacerbating factor of the so-called Long Depression, which struck in 1873. History Late in 1861, seeking to raise revenue for the American Civil War effort without exhausting its reserves of gold and silver, the United States federal government suspended specie payments, or the payments made in gold and silver in redemption of currency notes. Early in 1862, the United States issued legal-tender notes, called greenbacks. By war's end, a total of million in greenbacks had been issued, and authorization had been given for another million in small denominations, known as fractional currency or "shin plasters." Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collis P
Collis may refer to: * Collis (surname) * Collis (planetary geology), a term used in planetary geology for a small hill or knob * Collis, Minnesota, an unincorporated community, United States * Collis, former name of Kerman, California, United States * Collis Potter Huntington Collis Potter Huntington (October 22, 1821 – August 13, 1900) was an American industrialist and railway magnate. He was one of the Big Four of western railroading (along with Leland Stanford, Mark Hopkins, and Charles Crocker) who invested i ... (1821-1900), American railway executive *'' Collis'', a genus of Asian funnel weavers *'' Collis'', a genus of trilobites {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jennifer 8 Lee
Jennifer 8. Lee (Chinese name: ; pinyin: '; POJ: ') (born March 15, 1976) is an American journalist who previously worked for ''The New York Times''. She is also the co-founder and president of the literary studio Plympton, as well as a producer on ''The Search for General Tso'', which premiered at the 2014 Tribeca Film Festival. Lee is a vice-chair of the Unicode Emoji Subcommittee, which is responsible for making recommendations relating to emoji to the Unicode Technical Committee. Inspired by the universality of the dumpling across cultures and cuisines (e.g., jiaozi in China, ravioli in Italy, pierogi in Poland, empanadas in various Latin American countries), she helped to make the dumpling emoji a candidate. She also co-authored the proposal for a hijab emoji. Early life and education Lee was born on March 15, 1976, in New York City, to immigrants from Kinmen, a group of islands off the coast of China's Fujian province governed by Taiwan. Lee was not given a middle name a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anna J
Anna may refer to: People Surname and given name * Anna (name) Mononym * Anna the Prophetess, in the Gospel of Luke * Anna (wife of Artabasdos) (fl. 715–773) * Anna (daughter of Boris I) (9th–10th century) * Anna (Anisia) (fl. 1218 to 1221) * Anna of Poland, Countess of Celje (1366–1425) * Anna of Cilli (1386–1416) * Anna, Grand Duchess of Lithuania (died 1418) * Anne of Austria, Landgravine of Thuringia (1432–1462) * Anna of Nassau-Dillenburg (died 1514) * Anna, Duchess of Prussia (1576–1625) * Anna of Russia (1693–1740) * Anna, Lady Miller (1741–1781) * Anna Russell, Duchess of Bedford (1783–1857) * Anna, Lady Barlow (1873–1965) * Anna (feral child) (1932–1942) * Anna (singer) (born 1987) Places Australia * Hundred of Anna, a cadastral district in South Australia Iran * Anna, Fars, a village in Fars Province * Anna, Kohgiluyeh and Boyer-Ahmad, a village in Kohgiluyeh and Boyer-Ahmad Province Russia * Anna, Voronezh Oblast, an urban locality in Voro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milton Friedman
Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr. Friedman's challenges to what he called "naive Keynesian theory" began with his interpretation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Edmunds
George Franklin Edmunds (February 1, 1828February 27, 1919) was a Republican U.S. Senator from Vermont. Before entering the U.S. Senate, he served in a number of high-profile positions, including Speaker of the Vermont House of Representatives, and President pro tempore of the Vermont State Senate. Edmunds was born in Richmond, Vermont and began to study law while still a teenager; he proved an adept student, and was admitted to the bar as soon as he reached the minimum required age of 21. He practiced in Burlington and became active in local politics and government. After terms in the Vermont House of Representatives and Vermont State Senate, Edmunds was appointed to the U.S. Senate in 1866, filling the vacancy caused by the death of Solomon Foot. He was subsequently elected by the Vermont General Assembly, and reelected in 1868, 1874, 1880, and 1886. Edmunds served from April 1866 until resigning in November 1891. As a longtime member of the U.S. Senate, he served in a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Sherman
John Sherman (May 10, 1823October 22, 1900) was an American politician from Ohio throughout the Civil War and into the late nineteenth century. A member of the Republican Party, he served in both houses of the U.S. Congress. He also served as Secretary of the Treasury and Secretary of State. Sherman sought the Republican presidential nomination three times, coming closest in 1888, but was never chosen by the party. Born in Lancaster, Ohio, Sherman later moved to Mansfield, Ohio, where he began a law career before entering politics. Initially a Whig, Sherman was among those anti-slavery activists who formed what became the Republican Party. He served three terms in the House of Representatives. As a member of the House, Sherman traveled to Kansas to investigate the unrest between pro- and anti-slavery partisans there. He rose in party leadership and was nearly elected Speaker in 1859. Sherman was elected to the Senate in 1861. As a senator, he was a leader in financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rutherford B
Rutherford may refer to: Places Australia * Rutherford, New South Wales, a suburb of Maitland * Rutherford (Parish), New South Wales, a civil parish of Yungnulgra County Canada * Mount Rutherford, Jasper National Park * Rutherford, Edmonton, neighbourhood * Rutherford House, in Edmonton, Alberta * Rutherford Library, University of Alberta United Kingdom * Rutherford Appleton Laboratory, Oxfordshire United States * Rutherford, California, in Napa County * East Rutherford, New Jersey * Rutherford, New Jersey * Rutherford, Pennsylvania * Rutherford, Virginia * Rutherford, West Virginia * Rutherford County, North Carolina * Rutherford County, Tennessee People * Rutherford (name), people with the surname or given name ** Ernest Rutherford (1871–1937), 1st Baron Rutherford of Nelson, known as the father of nuclear physics ** Rutherford B. Hayes (1822–1893), 19th president of the United States (1877–1881) Fiction * Rutherford the Brave, a character from Game ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seigniorage
Seigniorage , also spelled seignorage or seigneurage (from the Old French ''seigneuriage'', "right of the lord (''seigneur'') to mint money"), is the difference between the value of money and the cost to produce and distribute it. The term can be applied in two ways: * Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and production costs) that a customer of the mint had to pay, and which was sent to the sovereign of the political region. * Seigniorage derived from notes is more indirect; it is the difference between interest earned on securities acquired in exchange for banknotes and the cost of printing and distributing the notes. "Monetary seigniorage" is where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay. Monetary seigniorage is sovereign revenue obtained through routine debt monetization, including expansion of the money ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Bonds
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). When governments with less stable economies issue bonds, there is a possibility they will be unable to repay bondholders, resulting in a default. All bonds carry a default risk. International credit rating agencies p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lame Duck Session (United States)
A lame-duck session of Congress in the United States occurs whenever one Congress meets after its successor is elected, but before the successor's term begins. The expression is now used not only for a special session called after a sine die adjournment, but also for any portion of a regular session that falls after an election. In current practice, any meeting of Congress after election day, but before the next Congress convenes the following January, is a lame-duck session. Prior to 1933, when the 20th Amendment changed the dates of the congressional term, the last regular session of Congress was always a lame duck session. Congress has held 16 lame-duck sessions since 1940. Recesses preceding lame-duck sessions have usually begun by mid-October, and typically lasted between one and two months. Congress typically reconvened in mid-November and adjourned before Christmas, so that the lame-duck session lasted about a month. Some recesses, however, have begun as early as August 7 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
