U.S. Savings Bonds
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U.S. Savings Bonds
United States savings bonds are debt securities issued by the United States Department of the Treasury to help pay for the U.S. government's borrowing needs. U.S. savings bonds are considered one of the safest investments because they are backed by the full faith and credit of the United States government. The savings bonds are nonmarketable treasury securities issued to the public, which means they cannot be traded on secondary markets or otherwise transferable. They are redeemable only by the original purchaser, a recipient (for bonds purchased as gifts) or a beneficiary in case of the original holder's death. History On February 1, 1935, President Franklin D. Roosevelt signed legislation that allowed the U.S. Department of the Treasury to sell a new type of security, called the savings bond, to encourage saving during the Great Depression. The first Series A savings bond was issued a month later, with a face value of $25. They were marketed as a safe investment that was a ...
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$50 Series I US Savings Bond
There are many $5 banknotes, bills or coins, including: * Australian five-dollar note * Canadian five-dollar note * New Zealand five-dollar note * United States five-dollar bill * Hong Kong five-dollar coin * Hong Kong five-dollar note Other currencies that issue $5 banknotes, bills or coins are: See also * " 5 dols", a 2018 song by Christine and the Queens Héloïse Adélaïde Letissier (; born 1 June 1988), known professionally as Christine and the Queens and Redcar, or occasionally simply Chris, is a French singer and songwriter. Born and raised in Nantes, he started learning piano at the age o ...
, simultaneously released in English as "5 Dollars" {{disambiguation ...
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Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ...
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Retail Investor
There are two basic financial market participant distinctions, investor vs. speculator and institutional vs. retail. Action in financial markets by central banks is usually regarded as intervention rather than participation. Supply side vs. demand side A market participant may either be coming from the supply side, hence supplying excess money (in the form of investments) in favor of the demand side; or coming from the demand side, hence demanding excess money (in the form of borrowed equity) in favor of the supply side. This equation originated from Keynesian advocates. The theory explains that a given market may have excess cash; hence the supplier of funds may lend it; and those in need of cash may borrow the funds supplied. Hence, the equation: aggregate savings equals aggregate investments. The demand side consists of: those in need of cash flows (daily operational needs); those in need of interim financing (bridge financing); those in need of long-term funds for speci ...
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War Bond
War bonds (sometimes referred to as Victory bonds, particularly in propaganda) are debt securities issued by a government to finance military operations and other expenditure in times of war without raising taxes to an unpopular level. They are also a means to control inflation by removing money from circulation in a stimulated wartime economy. War bonds are either retail bonds marketed directly to the public or wholesale bonds traded on a stock market. Exhortations to buy war bonds have often been accompanied by appeals to patriotism and conscience. Retail war bonds, like other retail bonds, tend to have a yield which is below that offered by the market and are often made available in a wide range of denominations to make them affordable for all citizens. Before World War I Governments throughout history have needed to borrow money to fight wars. Traditionally they dealt with a small group of rich financiers such as Jakob Fugger and Nathan Rothschild, but no particular distin ...
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Social Security Number
In the United States, a Social Security number (SSN) is a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as . The number is issued to an individual by the Social Security Administration, an independent agency of the United States government. Although the original purpose for the number was for the Social Security Administration to track individuals, the Social Security number has become a ''de facto'' national identification number for taxation and other purposes. A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card. History Social Security numbers were first issued by the Social Security Administration in November 1936 as part of the New Deal Social Security program. Within three months, 25 million numbers were issued. On November 24, 1936, 1,074 of the nation's 45,000 post offices were designated "typing ...
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United States Consumer Price Index
The United States Consumer Price Index (CPI) is a set of consumer price indices calculated by the U.S. Bureau of Labor Statistics (BLS). To be precise, the BLS routinely computes many different CPIs that are used for different purposes. Each is a time series measure of the price of consumer goods and services. The BLS publishes the CPI monthly. Different indices computed by the BLS The BLS started the statistic in 1919. It currently computes thousands of consumer price indices, beginning with monthly average prices for each of 8,018 category-area combinations (211 categories of consumption items in 38 urban geographical areas). They also track how much of each of these category area combinations is in the "market basket" consumed by different groups of people. Different published consumer price indices differ in the weights, including the target consumer group and how frequently the weights are updated. The weights for many indices are modified only in January of even-numb ...
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Hurricane Katrina
Hurricane Katrina was a destructive Category 5 Atlantic hurricane that caused over 1,800 fatalities and $125 billion in damage in late August 2005, especially in the city of New Orleans and the surrounding areas. It was at the time the costliest tropical cyclone on record and is now tied with 2017's Hurricane Harvey. The storm was the twelfth tropical cyclone, the fifth hurricane, and the third major hurricane of the 2005 Atlantic hurricane season, as well as the fourth-most intense Atlantic hurricane on record to make landfall in the contiguous United States. Katrina originated on August 23, 2005, as a tropical depression from the merger of a tropical wave and the remnants of Tropical Depression Ten. Early the following day, the depression intensified into a tropical storm as it headed generally westward toward Florida, strengthening into a hurricane two hours before making landfall at Hallandale Beach on August 25. After briefly weakening to tropical storm strength o ...
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Spark Matsunaga
Spark Masayuki Matsunaga ( ja, 松永 正幸, October 8, 1916April 15, 1990) was an American politician and attorney who served as United States Senator for Hawaii from 1977 until his death in 1990. Matsunaga also represented Hawaii in the U.S. House of Representatives and served in the Hawaii territorial house of representatives. A member of the Democratic Party, Matsunaga introduced legislation that led to the creation of the United States Institute of Peace and to reparations to Japanese-American World War II detainees. Early life Born Masayuki Matsunaga on October 8, 1916 the Territory of Hawaii island of Kauai, Spark Matsunaga was Japanese-American. His parents had emigrated to the United States from Japan. When he was eight, he was nicknamed Sparky after Spark Plug, a character in the comic strip Barney Google and Snuffy Smith. He received a bachelor's degree with honors in education from the University of Hawai'i in 1941. Following the Japanese attack on Pearl Harbor, Ma ...
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Marian Anderson
Marian Anderson (February 27, 1897April 8, 1993) was an American contralto. She performed a wide range of music, from opera to Spiritual (music), spirituals. Anderson performed with renowned orchestras in major concert and recital venues throughout the United States and Europe between 1925 and 1965. Anderson was an important figure in the struggle for African-American artists to overcome racial prejudice in the United States during the mid-twentieth century. In 1939 during the era of racial segregation in the United States, racial segregation, the Daughters of the American Revolution (DAR) refused to allow Anderson to sing to an integrated audience in DAR Constitution Hall, Constitution Hall in Washington, D.C. The incident placed Anderson in the spotlight of the international community on a level unusual for a classical musician. With the aid of First Lady Eleanor Roosevelt and her husband President Franklin D. Roosevelt, Anderson performed a critically acclaimed open-air conc ...
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Hector P
In Greek mythology, Hector (; grc, Ἕκτωρ, Hektōr, label=none, ) is a character in Homer's Iliad. He was a Trojan prince and the greatest warrior for Troy during the Trojan War. Hector led the Trojans and their allies in the defense of Troy, killing countless Greek warriors. He was ultimately killed in single combat by Achilles, who later dragged his dead body around the city of Troy behind his chariot. Etymology In Greek, is a derivative of the verb ἔχειν ''ékhein'', archaic form * grc, ἕχειν, hékhein, label=none ('to have' or 'to hold'), from Proto-Indo-European *'' seɡ́ʰ-'' ('to hold'). , or as found in Aeolic poetry, is also an epithet of Zeus in his capacity as 'he who holds verything together. Hector's name could thus be taken to mean 'holding fast'. Description Hector was described by the chronicler Malalas in his account of the ''Chronography'' as "dark-skinned, tall, very stoutly built, strong, good nose, wooly-haired, good beard, sq ...
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Albert Einstein
Albert Einstein ( ; ; 14 March 1879 – 18 April 1955) was a German-born theoretical physicist, widely acknowledged to be one of the greatest and most influential physicists of all time. Einstein is best known for developing the theory of relativity, but he also made important contributions to the development of the theory of quantum mechanics. Relativity and quantum mechanics are the two pillars of modern physics. His mass–energy equivalence formula , which arises from relativity theory, has been dubbed "the world's most famous equation". His work is also known for its influence on the philosophy of science. He received the 1921 Nobel Prize in Physics "for his services to theoretical physics, and especially for his discovery of the law of the photoelectric effect", a pivotal step in the development of quantum theory. His intellectual achievements and originality resulted in "Einstein" becoming synonymous with "genius". In 1905, a year sometimes described as his ' ...
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George C
George may refer to: People * George (given name) * George (surname) * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Washington, First President of the United States * George W. Bush, 43rd President of the United States * George H. W. Bush, 41st President of the United States * George V, King of Great Britain, Ireland, the British Dominions and Emperor of India from 1910-1936 * George VI, King of Great Britain, Ireland, the British Dominions and Emperor of India from 1936-1952 * Prince George of Wales * George Papagheorghe also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George Harrison, an English musician and singer-songwriter Places South Africa * George, Western Cape ** George Airport United States * George, Iowa * George, Missouri * George, Washington * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Characters * George (Peppa Pig), a 2-year-old pig ...
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