Servando Bayo
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Servando Bayo
Servando Bayo (October 27, 1822 – May 18, 1884) was an Argentine politician who served as the National Autonomist Party governor of the province of Santa Fe from April 7, 1874, to April 7, 1878. A native of Rosario, Bayo attended a military training institution and took part in the Battle of Cepeda with the rank of captain. As a politician, he was Rosario's Political Chief (comparable to a non-elected mayor), a senator, and governor of the province (with Juan Manuel Zavalla as his vice-governor). Governership Bayo is regarded as a dynamic ruler who supported progressive measures. During his governorship, he sponsored the creation of the Santa Fe Provincial Bank, with the goal of increasing access to credit for the business and productive sector, while breaking the financial monopoly of the Bank of London, which the governor also deprived of the authorization to emit currency. The Bank of London retaliated against the newly created Provincial Bank by inducing bank r ...
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Rosario, Santa Fe
Rosario () is the largest city in the central Argentine province of Santa Fe. The city is located northwest of Buenos Aires, on the west bank of the Paraná River. Rosario is the third-most populous city in the country, and is also the most populous city in Argentina that is not a capital (provincial or national). With a growing and important metropolitan area, Greater Rosario has an estimated population of 1,750,000 . One of its main attractions includes the neoclassical, Art Nouveau, and Art Deco architecture that has been retained over the centuries in hundreds of residences, houses and public buildings. Rosario is the head city of the Rosario Department and is located at the heart of the major industrial corridor in Argentina. The city is a major railroad terminal and the shipping center for north-eastern Argentina. Ships reach the city via the Paraná River, which allows the existence of a port. The Port of Rosario is subject to silting and must be dredged periodica ...
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Monopoly
A monopoly (from Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a busine ...
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Governors Of Santa Fe Province
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political region or polity, a ''governor'' may be either appointed or elected, and the governor's powers can vary significantly, depending on the public laws in place locally. The adjective pertaining to a governor is gubernatorial, from the Latin root ''gubernare''. Ancient empires Pre-Roman empires Though the legal and administrative framework of provinces, each administrated by a governor, was created by the Romans, the term ''governor'' has been a convenient term for historians to describe similar systems in antiquity. Indeed, many regions of the pre-Roman antiquity were ultimately replaced by Roman 'standardized' provincial governments after their conquest by Rome. Plato used the metaphor of turning the Ship of State with a rudder; the Latin ...
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Mayors Of Rosario, Santa Fe
In many countries, a mayor is the highest-ranking official in a municipal government such as that of a city or a town. Worldwide, there is a wide variance in local laws and customs regarding the powers and responsibilities of a mayor as well as the means by which a mayor is elected or otherwise mandated. Depending on the system chosen, a mayor may be the chief executive officer of the municipal government, may simply chair a multi-member governing body with little or no independent power, or may play a solely ceremonial role. A mayor's duties and responsibilities may be to appoint and oversee municipal managers and employees, provide basic governmental services to constituents, and execute the laws and ordinances passed by a municipal governing body (or mandated by a state, territorial or national governing body). Options for selection of a mayor include direct election by the public, or selection by an elected governing council or board. The term ''mayor'' shares a linguistic ...
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1884 Deaths
Events January–March * January 4 – The Fabian Society is founded in London. * January 5 – Gilbert and Sullivan's ''Princess Ida'' premières at the Savoy Theatre, London. * January 18 – Dr. William Price (physician), William Price attempts to cremate his dead baby son, Iesu Grist, in Wales. Later tried and acquitted on the grounds that cremation is not contrary to English law, he is thus able to carry out the ceremony (the first in the United Kingdom in modern times) on March 14, setting a legal precedent. * February 1 – ''A New English Dictionary on historical principles, part 1'' (edited by James Murray (lexicographer), James A. H. Murray), the first fascicle of what will become ''The Oxford English Dictionary'', is published in England. * February 5 – Derby County F.C., Derby County Football Club is founded in England. * March 13 – The siege of Khartoum, Sudan, begins (ends on January 26, 1885). * March 28 – Prince Leopo ...
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1822 Births
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album '' Burnout'' * "I'm Eighteen", by Alice Cooper commonly ...
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Bernardo De Irigoyen
Bernardo de Irigoyen (December 18, 1822 – December 27, 1906) was an Argentine lawyer, diplomat and politician. Biography Born in Buenos Aires, Irigoyen enrolled at the University of Buenos Aires and earned a ''juris doctor'' in 1843. He was commissioned by Governor Juan Manuel de Rosas to settle a boundary dispute with Chile (Rosas was charged with the Argentine Confederation's foreign policy during his 1835–1852 reign), and from 1844 to 1850, Irigoyen served as Justice Minister in Mendoza Province, where he enacted the first provincial judicial system, as well as reformist military law and land law statutes. He again negotiated with Chile over the disputed Straits of Magellan (1851), and following Rosas' overthrow, helped draft the 1852 San Nicolás Agreement. He participated in the constitutional assembly that paved the way for the 1860 reunification with secessionist Buenos Aires Province, and was nominated to the Argentine Supreme Court; he refused, however, and res ...
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Paraná River
The Paraná River ( es, Río Paraná, links=no , pt, Rio Paraná, gn, Ysyry Parana) is a river in south-central South America, running through Brazil, Paraguay, and Argentina for some ."Parana River". Encyclopædia Britannica. Encyclopædia Britannica Online. Encyclopædia Britannica Inc., 2012. Web. 26 May. 2012 . "Rio de la Plata". Encyclopædia Britannica. Encyclopædia Britannica Online. Encyclopædia Britannica Inc., 2012. Web. 26 May. 2012 Among South American rivers, it is second in length only to the Amazon River. It merges with the Paraguay River and then farther downstream with the Uruguay River to form the Río de la Plata and empties into the Atlantic Ocean. The first European to go up the Paraná River was the Venetian explorer Sebastian Cabot, in 1526, while working for Spain. A drought hit the river in 2021, causing a 77-year low. Etymology In eastern South America there is "an immense number of river names containing the element ''para-'' or ''parana-''", ...
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Montevideo
Montevideo () is the capital and largest city of Uruguay. According to the 2011 census, the city proper has a population of 1,319,108 (about one-third of the country's total population) in an area of . Montevideo is situated on the southern coast of the country, on the northeastern bank of the Río de la Plata. The city was established in 1724 by a Spanish soldier, Bruno Mauricio de Zabala, as a strategic move amidst the Spanish- Portuguese dispute over the platine region. It was also under brief British rule in 1807, but eventually the city was retaken by Spanish criollos who defeated the British invasions of the River Plate. Montevideo is the seat of the administrative headquarters of Mercosur and ALADI, Latin America's leading trade blocs, a position that entailed comparisons to the role of Brussels in Europe. The 2019 Mercer's report on quality of life, rated Montevideo first in Latin America, a rank the city has consistently held since 2005. , Montevideo was the 1 ...
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Bank Run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a ba ...
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Banco De Londres Y Río De La Plata
Banco de Londres y Río de la Plata ''(in English, Bank of London and Río de la Plata)'' was a British financial institution, which operated in Buenos Aires from 1862 to 1923. History The financial company ''Banco de Londres, Buenos Ayres y Río de la Plata'' was formed with English capitals in 1862. Its Board of directors was composed of G. W. Drabble, president, E. R. Duffield, managing director, and C. Hemery, as assistant manager. In Buenos Aires the board was chaired by Robert Thurburn and Thomas Hogg, who remained in their positions until about 1900. The banking establishment was located on the corner of Piedad and Calle Reconquista, neighborhood of San Nicolás. This bank came to have branches in Córdoba Province and Rosario, Santa Fe, and also operated in Montevideo, Uruguay. In 1918, the Banco de Londres y Río de la Plata was acquired by Lloyds Bank Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It h ...
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New Bank Of Santa Fe
The New Bank of Santa Fe (Spanish: ''Nuevo Banco de Santa Fe'', NBSF) is the most important financial entity in the Santa Fe Province, Argentina and has the largest territorial coverage that reaches 96 percent of the district's inhabitants. It is a commercial bank with national and regional capital (finance). It has the central house located in the capital city of the province and its administrative headquarters in Rosario, Argentina. History Founded in 1874 and under the management of the Petersen Group since 2003, the Bank is an essential tool for the foreign trade operations of companies in the region. It participates in trade missions and owns a wide range of international payment and collection instruments. Together with Bank of San Juan, the New Bank of Entre Ríos and Bank Santa Cruz, it forms the Bank San Juan Group, which is among the 10 main entities of the Argentine Financial System. Each of these banks are financial agents of their respective provinces of origin, ...
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