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Sioux City Grain Exchange
The Sioux City Grain Exchange (SCGX) was a cash commodity market in Sioux City, Iowa that primarily traded corn, wheat, oat, and soybean. It was established in 1907 as the Sioux City Board of Trade, named the "fastest growing grain market in the world" in 1929, and among the largest exchanges in the world by the 1970s; transacting over 100 million bushels annually (valued at $1 billion as of 2018). It served the Corn Belt (primarily Iowa, Nebraska, South Dakota, and Minnesota) and primarily competed against the Chicago Mercantile Exchange, Minneapolis Grain Exchange and Kansas City Board of Trade. SCGX's rise and decline was driven by barge navigation of the Missouri River and mirrored the Sioux City Livestock Exchange (Sioux City Stockyards), the largest in the world during the 1970s. Both were co-founded by Vermont banker Fred L. Eaton. History Founding and operation The Sioux City Grain Exchange was established on October 14, 1907 as the Sioux City Board of Trade by Fred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodities Market
A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management. A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with central counterparty clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market. Derivatives such as futures contracts, Swaps (1970s-), Exchange-traded Comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Agriculture
The United States Department of Agriculture (USDA) is the United States federal executive departments, federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally. It is headed by the United States Secretary of Agriculture, Secretary of Agriculture, who reports directly to the President of the United States and is a member of the president's Cabinet of the United States, Cabinet. The current secretary is Tom Vilsack, who has served since February 24, 2021. Approximately 80% of the USDA's $141 billion budget goes to the Food and Nutrition Service (FNS) program. The largest component of the FNS budget is the Supplementa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Exchanges In The United States
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good or service avail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Former Buildings And Structures In Sioux City, Iowa
A former is an object, such as a template, gauge or cutting die, which is used to form something such as a boat's hull. Typically, a former gives shape to a structure that may have complex curvature. A former may become an integral part of the finished structure, as in an aircraft fuselage, or it may be removable, being using in the construction process and then discarded or re-used. Aircraft formers Formers are used in the construction of aircraft fuselage, of which a typical fuselage has a series from the nose to the empennage, typically perpendicular to the longitudinal axis of the aircraft. The primary purpose of formers is to establish the shape of the fuselage and reduce the column length of stringers to prevent instability. Formers are typically attached to longerons, which support the skin of the aircraft. The "former-and-longeron" technique (also called stations and stringers) was adopted from boat construction, and was typical of light aircraft built until the adv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corn Palace
The Corn Palace, commonly advertised as The World's Only Corn Palace and the Mitchell Corn Palace, is a multi-purpose arena/facility located in Mitchell, South Dakota, United States. The Moorish Revival building is decorated with crop art; the murals and designs covering the building are made from corn and other grains, and a new design is constructed each year. The Corn Palace is a popular tourist destination, visited by up to 500,000 people each year. The Corn Palace serves the community as a venue for concerts, sports events, exhibits and other community events. Each year, the Corn Palace is celebrated with a citywide festival, the Corn Palace Festival. Historically it was held at harvest time in September, but recently it has been held at the end of August. Other popular annual events include the Corn Palace Stampede Rodeo in July and the Corn Palace Polka Festival in September. It is also home to the Dakota Wesleyan University Tigers and the Mitchell High School Kernels bask ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gavins Point Dam
Gavins Point Dam is a long embankment rolled-earth and chalk-fill dam which spans the Missouri River and impounds Lewis and Clark Lake. The dam joins Cedar County, Nebraska with Yankton County, South Dakota a distance of 811.1 river miles (1,305 km) upstream of St. Louis, Missouri, where the river joins the Mississippi River. The dam and hydroelectric power plant were constructed as the Gavins Point Project from 1952 to 1957 by the United States Army Corps of Engineers as part of the Pick-Sloan Plan. The dam is located approximately 4 miles (6.4 km) west or upstream of Yankton, South Dakota. History and background Gavins Point Dam was constructed as a part of the Pick–Sloan Missouri Basin Program, authorized by the Flood Control Act of 1944 by Congress. The dam is named after Gavins Point, a bluff along the northern bank of the Missouri River named for an early settler, now within the western end of Lewis & Clark Recreation Area, which was to be the original locat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pick–Sloan Missouri Basin Program
The Pick–Sloan Missouri Basin Program, formerly called the Missouri River Basin Project, was initially authorized by the Flood Control Act of 1944, which approved the plan for the conservation, control, and use of water resources in the Missouri River Basin. The intended beneficial uses of these water resources include flood control, aids to navigation, irrigation, supplemental water supply, power generation, municipal and industrial water supplies, stream-pollution abatement, sediment control, preservation and enhancement of fish and wildlife, and creation of recreation opportunities. The construction of dams such as the Oahe, Garrison, and Fort Randall flooded out significant parts of many Native American reservations, including those at Standing Rock, Cheyenne River, Fort Berthold, Crow Creek, and Lower Brule. One source called the program the single most destructive act ever perpetrated on any tribe by the United States. It derives its name from the author ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dust Bowl
The Dust Bowl was a period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930s. The phenomenon was caused by a combination of both natural factors (severe drought) and manmade factors (a failure to apply dryland farming methods to prevent aeolian processes, wind erosion, most notably the destruction of the natural topsoil by settlers in the region). The drought came in three waves: 1934–35 North American drought, 1934, 1936, and 1939–1940, but some regions of the High Plains (United States), High Plains experienced drought conditions for as many as eight years. The Dust Bowl has been the subject of many cultural works, notably the novel ''The Grapes of Wrath'' (1939) by John Steinbeck, the folk music of Woody Guthrie, and photographs depicting the conditions of migrants by Dorothea Lange, particularly the ''Migrant Mother'', taken in 1936. Geographic characteristics and early history With insuffic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interstate Commerce Commission
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies. Congress expanded ICC authority to regulate other modes of commerce beginning in 1906. Throughout the 20th century, several of ICC's authorities were transferred to other federal agencies. The ICC was abolished in 1995, and its remaining functions were transferred to the Surface Transportation Board. The Commission's five members were appointed by the President with the consent of the United States Senate. This was the first independent agency (or so-called ''Fourth Branch''). Creation The ICC was established by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. The cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Northern Railway (U
Great Northern Railway or Great Northern Railroad may refer to: Australia *Great Northern Railway (Queensland) in Australia *Great Northern Rail Services in Victoria, Australia *Central Australia Railway was known as the great Northern Railway in the 1890s in South Australia *Main North railway line, New South Wales (Australia) Canada *Great Northern Railway of Canada Ireland *Great Northern Railway (Ireland) New Zealand *Kingston Branch (New Zealand) in Southland *Main North Line, New Zealand and Waiau Branch in Canterbury United Kingdom *Great Northern Railway (Great Britain) **Thameslink and Great Northern, a current operator of trains on this route United States *Great Northern Railway (U.S.), now part of the BNSF Railway system *International – Great Northern Railroad in Texas, U.S., now part of the Union Pacific Railroad *New Orleans, Jackson and Great Northern The New Orleans, Jackson and Great Northern was a gauge railway originally commissioned by the St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Rail Transportation In The United States
: ''This article is part of the history of rail transport by country series.'' Wooden railroads, called wagonways, were built in the United States starting from the 1720s. A railroad was reportedly used in the construction of the French fortress at Louisburg, Nova Scotia, in New France (now Canada) in 1720. Between 1762 and 1764, at the close of the French and Indian War (1756–1763), a gravity railroad ( mechanized tramway) called Montresor's Tramway was built by British military engineers up the steep riverside terrain near the Niagara River waterfall's escarpment at the Niagara Portage (which the local Senecas called ''"Crawl on All Fours."'') in Lewiston, New York. Railroads played a large role in the development of the United States from the industrial revolution in the Northeast (1810–1850) to the settlement of the West (1850–1890). The American railroad mania began with the founding of the first passenger and freight line in the nation of the Baltimore and Ohio Railr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
