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War Bonds
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 distinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Put It Into National War Bonds
Put or PUT may refer to: Finance * Put option, a financial contract between a buyer and a seller * CBOE S&P 500 PutWrite Index (ticker symbol) Science and technology * Programmable unijunction transistor Computing * Parameterized unit testing, in computer programming * Put, a Hypertext Transfer Protocol request method * Put, a File Transfer Protocol option to copy a file to a remote system; see List of FTP commands * Put, an output procedure in Pascal, Turing, and other programming languages ** In C, simple functions, puts and puts(), that put text on the screen Education * Petroleum University of Technology, Abadan, Ahvaz, Mahmud Abad and Tehran, Iran * Poznań University of Technology, Poland (Polish name: ''Politechnika Poznańska'') Transportation * Pui To stop (MTR station code), Hong Kong * Putney railway station (National Rail station code), London * Sri Sathya Sai Airport (IATA code), Puttaparthi, Andhra Pradesh, India Other uses * Phut or Put, Biblical grandson of N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consols
Consols (originally short for consolidated annuities, but subsequently taken to mean consolidated stock) were government debt issues in the form of perpetual bonds, redeemable at the option of the government. They were issued by the Bank of England and the U.S. Government. The first British consols were issued in 1751. They have now been fully redeemed. The United States government issued consols from 1877 to 1930, which have likewise been redeemed. History In 1752 the Chancellor of the Exchequer and Prime Minister Sir Henry Pelham converted all outstanding issues of redeemable government stock into one bond, Consolidated 3.5% Annuities, in order to reduce the coupon (interest rate) paid on the government debt. In 1757, the annual interest rate on the stock was reduced to 3%, leaving the stock as consolidated 3% annuities. The coupon rate remained at 3% until 1888. In 1888, the Chancellor of the Exchequer, George Joachim Goschen, converted the consolidated 3% annuities, along wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernest Harvey (cashier)
Ernest Harvey may refer to: *Ernest Harvey of the Harvey baronets *Ernest Harvey (cricketer) (1880–1923), Australian cricketer *Ernest Musgrave Harvey, Chief Cashier *Ernest Harvey (footballer), English footballer {{hndis, Harvey, Ernest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Gordon Nairne
Sir John Gordon Nairne, 1st Baronet (4 January 1861 – 9 February 1945) was a director of the Bank of England and a BBC governor. He was born in Castle Douglas, Kirkcudbrightshire, Scotland. He was the son of Andrew Nairne and Isabella H. Macartney and married Nareiza da Costa Ricci, the daughter of Baron Anselmo da Costa Ricci, at St Mark's Notting Hill on 15 December 1894. He joined the Bank of England as a cashier in 1893. In the 1901 Census his occupation is indicated as Deputy Chief Cashier of the Bank of England. He was Chief Cashier of the Bank of England 1902-1918. He was made a Baronet, Nairne of Kirkcudbright, on 7 August 1917. In 1918 he was made an Officer of the Légion d'honneur by the President of the French Republic. In 1920 he was awarded the Order of the Sacred Treasure (second class), by the Emperor of Japan. From 1925–1939 he was one of the members of the Commission of Lieutenancy for the City of London. He was a Director of the Bank of England fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Par Value
Par value, in finance and accounting, means stated value or face value. From this come the expressions at par (at the par value), over par (over par value) and under par (under par value). Bonds A Bond_(finance), bond selling at par is priced at 100% of face value. Par can also refer to a bond's original issue value or its value upon redemption at maturity. Stock The par value of stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a share is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today, wher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walter Leaf
Sir Walter Leaf (26 November 1852, Upper Norwood – 8 March 1927, Torquay) was an English banker, classical scholar and psychical researcher. He published a benchmark edition of Homer's Iliad and was a director of Westminster Bank for many years, eventually becoming its chairman. He was a co-founder and later president of the International Chamber of Commerce, and served as president of the Institute of Bankers, the Hellenic Society and the Classical Association. He married Charlotte Symonds, daughter of John Addington Symonds. He was a Cambridge Apostle. Academic career Walter Leaf was born on 26 November 1852. In 1865 he won a scholarship to Winchester College. However, his parents became concerned that living conditions at Winchester would be unacceptable so they rented a house at Harrow on the edge of London from where their boy enrolled in April 1866 at Harrow School as a day pupil. From Harrow he progressed to Trinity College, Cambridge. He won a scholarship to Tri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency And Bank Notes Act 1914
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Holiday
A bank holiday is a national public holiday in the United Kingdom, Republic of Ireland and the Crown Dependencies. The term refers to all public holidays in the United Kingdom, be they set out in statute, declared by royal proclamation or held by convention under common law. The term "bank holiday" refers to the fact that banking institutions typically close for business on such holidays, as they once used to do on certain Saint's days. List of current holidays Notes See also * List of holidays by country * Bank Holidays Act 1871 * Proposed St David's Day bank holiday Saint David's Day is currently not a bank holiday in Wales. Some Welsh politicians have proposed that St David's Day, a celebration of Welsh identity, observed on 1 March, be designated as a public holiday. Polls show the proposal to have majori ... References External links UK bank holidaysScotland Bank Holidays - Scottish Government* {{DEFAULTSORT:Bank Holiday British culture Irish cul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Lloyd George
David Lloyd George, 1st Earl Lloyd-George of Dwyfor, (17 January 1863 – 26 March 1945) was Prime Minister of the United Kingdom from 1916 to 1922. He was a Liberal Party politician from Wales, known for leading the United Kingdom during the First World War, social reform policies including the National Insurance Act 1911, his role in the Paris Peace Conference, and negotiating the establishment of the Irish Free State. Early in his career, he was known for the disestablishment of the Church of England in Wales and support of Welsh devolution. He was the last Liberal Party prime minister; the party fell into third party status shortly after the end of his premiership. Lloyd George was born on 17 January 1863 in Chorlton-on-Medlock, Manchester, to Welsh parents. From around three months of age he was raised in Pembrokeshire and Llanystumdwy, Caernarfonshire, speaking Welsh. His father, a schoolmaster, died in 1864, and David was raised by his mother and her shoemaker brot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The British Sovereign Will Win Invest In The War Loan To-Day Poster Stamp
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of pronoun ''thee'') when followed by a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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