Thomas Mortimer (writer)
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Thomas Mortimer (writer)
Thomas Mortimer (1730–1810) was an English writer, known for his works in the field of economics, and for first documenting the financial terms bull (stock market speculator), bull and market trend#Bear market, bear, in use in London at that time. Life He was the son of Thomas Mortimer (1706–1741), principal secretary to Sir Joseph Jekyll, the Master of the Rolls, and grandson of John Mortimer (agriculturalist), John Mortimer, and was born on 9 December 1730 in Carey Street, Lincoln's Inn Fields in London. His mother died in 1744, and he was left under the guardianship of John Baker of Spitalfields. Mortimer went to Harrow School, under James Cox, and then to a private academy in the north, but was largely self-taught. In 1750 he published ''An Oration on the much lamented death of H.R.H. Frederick, Prince of Wales'', and began to study elocution. He also learnt French and Italian for his study of modern history. In November 1762 Mortimer was made English vice-consul for the ...
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Bull (stock Market Speculator)
In finance, a bull is a speculator in a stock market who buys a holding in a stock in the expectation that, in the very short-term, it will rise in value, whereupon they will sell the stock to make a quick profit (accounting), profit on the transaction. Strictly speaking, the term applies to speculators who borrow money to fund such a purchase, and are thus under great pressure to complete the transaction before the loan is repayable or the seller of the stock demands payment on settlement (finance), settlement day for delivery of the bargain. If the value of the stock falls contrary to their expectation, a bull suffers a loss, frequently very large if they are trading on Margin (finance), margin. A bull has a great incentive to "talk-up" the value of their stock or to Market manipulation, manipulate the market of their stock, for example by spreading false rumors, to procure a buyer or to cause a temporary price increase which will provide them with the selling opportunity and pro ...
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Every Man His Own Broker; Or Guide To Exchange Alley
Every Man His Own Broker; or A Guide to the Stock Exchange, is a book on economics by Thomas Mortimer, published in 1761 and enjoying 14 editions over the next four decades. It is most famous for being the first documented use of the stock market terms bull and bear, and is considered one of the first books on guides to stock trading. Mortimer traded at Jonathan's Coffee-House in Exchange Alley, which served as the country's stock exchange in 18th century London. He is often critical of some brokers and traders there, advising individuals to not depend on them. In the book, Mortimer famously said: This refers to the former practice of stock-brokers, abolished circa 1980's in London, allowing their clients to trade on credit during a period of about two weeks, known as an account, on the completion of which all purchases and sales made during the account period had to be paid for on the settlement date. A net trading loss would result in the client having to make a cash payment ...
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English Economics Writers
English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national identity, an identity and common culture ** English language in England, a variant of the English language spoken in England * English languages (other) * English studies, the study of English language and literature * ''English'', an Amish term for non-Amish, regardless of ethnicity Individuals * English (surname), a list of notable people with the surname ''English'' * People with the given name ** English McConnell (1882–1928), Irish footballer ** English Fisher (1928–2011), American boxing coach ** English Gardner (b. 1992), American track and field sprinter Places United States * English, Indiana, a town * English, Kentucky, an unincorporated community * English, Brazoria County, Texas, an unincorporated community * En ...
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People Educated At Harrow School
A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility. The defining features of personhood and, consequently, what makes a person count as a person, differ widely among cultures and contexts. In addition to the question of personhood, of what makes a being count as a person to begin with, there are further questions about personal identity and self: both about what makes any particular person that particular person instead of another, and about what makes a person at one time the same person as they were or will be at another time despite any intervening changes. The plural form "people" is often used to refer to an entire nation or ethnic group (as in "a people"), and this was the original meaning of the word; it subsequently acquired its use as a plural form of per ...
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1810 Deaths
Year 181 ( CLXXXI) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Aurelius and Burrus (or, less frequently, year 934 ''Ab urbe condita''). The denomination 181 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Imperator Lucius Aurelius Commodus and Lucius Antistius Burrus become Roman Consuls. * The Antonine Wall is overrun by the Picts in Britannia (approximate date). Oceania * The volcano associated with Lake Taupō in New Zealand erupts, one of the largest on Earth in the last 5,000 years. The effects of this eruption are seen as far away as Rome and China. Births * April 2 – Xian of Han, Chinese emperor (d. 234) * Zhuge Liang, Chinese chancellor and regent (d. 234) Deaths * Aelius Aristides, Greek orator and w ...
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1730 Births
Year 173 ( CLXXIII) was a common year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Severus and Pompeianus (or, less frequently, year 926 ''Ab urbe condita''). The denomination 173 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Gnaeus Claudius Severus and Tiberius Claudius Pompeianus become Roman Consuls. * Given control of the Eastern Empire, Avidius Cassius, the governor of Syria, crushes an insurrection of shepherds known as the Boukoloi. Births * Maximinus Thrax ("the Thracian"), Roman emperor (d. 238) * Mi Heng, Chinese writer and musician (d. 198) Deaths * Donatus of Muenstereifel, Roman soldier and martyr (b. AD 140 Year 140 ( CXL) was a leap year starting on Thursday (link will display the full calendar) of the Julian cal ...
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Jacques Necker
Jacques Necker (; 30 September 1732 – 9 April 1804) was a Genevan banker and statesman who served as finance minister for Louis XVI. He was a reformer, but his innovations sometimes caused great discontent. Necker was a constitutional monarchist, a political economist, and a moralist, who wrote a severe critique of the new principle of equality before the law. Necker held the finance post between July 1777 and 1781, being "remembered today for taking the unprecedented step in 1781 of making public the country's budget, a novelty in an absolute monarchy where the state of finances had always been kept a secret." Necker was dismissed within a few months. By 1788, the inexorable compounding of interest on the national debt brought France to a fiscal crisis. Necker was recalled to royal service. His dismissal on 11 July 1789 was a factor in causing the Storming of the Bastille. Within two days, Necker was recalled by the king and the assembly. Necker entered France in triumph and ...
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Lord North
Frederick North, 2nd Earl of Guilford (13 April 17325 August 1792), better known by his courtesy title Lord North, which he used from 1752 to 1790, was 12th Prime Minister of Great Britain from 1770 to 1782. He led Great Britain through most of the American War of Independence. He also held a number of other cabinet posts, including Home Secretary and Chancellor of the Exchequer. North's reputation among historians has swung back and forth. It reached its lowest point in the late nineteenth century, when he was depicted as a creature of the king and an incompetent who lost the American colonies. In the early twentieth century, a revised view emerged emphasising his strengths in administering the Treasury, handling the House of Commons, and in defending the Church of England. Historian Herbert Butterfield, however, argued that his indolence was a barrier to efficient crisis management; he neglected his role in supervising the entire war effort. Early life (1732–1754) North wa ...
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James Whiston
James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (other), various kings named James * Saint James (other) * James (musician) * James, brother of Jesus Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Arts, entertainment, and media * ''James'' (2005 film), a Bollywood film * ''James'' (2008 film), an Irish short film * ''James'' (2022 film), an Indian Kannada-language film * James the Red Engine, a character in ''Thomas the Tank En ...
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Charles Davenant
Charles Davenant (1656–1714) was an English mercantilist economist, politician, and pamphleteer. He was Tory member of Parliament for St Ives (Cornwall), and for Great Bedwyn. Life He was born in London as the eldest son of Sir William Davenant, the poet. He was educated at Cheam grammar school and Balliol College, Oxford, but left the university without taking a degree. He became manager of his father's theatre. Having taken the degree of LL.D., he became a member of Doctors' Commons. In 1678 Davenant was appointed Commissioner of the Excise, earning £500 per year (); taxes were collected using the "farming system". In 1683 when Britain ended the tax farming system, Davenant received £1000 per year as Commissioner. In 1685 he was elected to Parliament as M.P. for St Ives. However, the revolution of 1688 saw James II exiled to France and William of Orange installed as king by Parliament. In 1689 Davenant lost his position as Commissioner of the Excise, and his loan to ...
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Malachy Postlethwayt
Malachy Postlethwayt (5 May 1707–13 September 1767) was a British economist and lexicographer famous for his publication of the commercial dictionary titled The Universal Dictionary of Trade and Commerce' in 1757. The dictionary was a translation and adaptation of the ''Dictionnaire universel du commerce'' of the French Inspector General of the Manufactures for the King, Jacques Savary des Brûlons. Postlethwayt also wrote several works defending the slave trade and advocating for its expansion. He was a lobbyist for the Royal African Company and asserted that slave trade was central to British Empire's economic interests. In his first pamphlet, ''The African Trade, the Great Pillar and Support of the British Plantation'' (1745), Postlethwayt stated that “our West Indian and African Trades are the most nationally beneficial of any we carry on”. In reaction to those who denounced slave trade, he answered: “Many are prepossessed against this Trade, thinking it a barbaro ...
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