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Muzhik
Agriculture in the Russian Empire throughout the 19th-20th centuries Russia represented a major world force, yet it lagged technologically behind other developed countries. Imperial Russia (officially founded in 1721 and abolished in 1917) was amongst the largest exporters of agricultural produce, especially wheat. The Free Economic Society of 1765 to 1919 made continuing efforts to improve farming techniques. The Russian peasant (male) was colloquially called a krestyanin ( rus, крестьянин), the female form of this word is krestyanka ( rus, крестьянка), plural - krestyane ( rus, крестьяне). Some arrogate this meaning to the word muzhik, moujik ( rus , мужи́к, p=mʊˈʐɨk) (man), and this word was calqued into Western languages through translations of Russian literature of 19th century, that described Russian rural life of that times, and where really the word ''muzhik'' referred to the most common rural dweller - a peasant, but that was only ...
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Muzhik
Agriculture in the Russian Empire throughout the 19th-20th centuries Russia represented a major world force, yet it lagged technologically behind other developed countries. Imperial Russia (officially founded in 1721 and abolished in 1917) was amongst the largest exporters of agricultural produce, especially wheat. The Free Economic Society of 1765 to 1919 made continuing efforts to improve farming techniques. The Russian peasant (male) was colloquially called a krestyanin ( rus, крестьянин), the female form of this word is krestyanka ( rus, крестьянка), plural - krestyane ( rus, крестьяне). Some arrogate this meaning to the word muzhik, moujik ( rus , мужи́к, p=mʊˈʐɨk) (man), and this word was calqued into Western languages through translations of Russian literature of 19th century, that described Russian rural life of that times, and where really the word ''muzhik'' referred to the most common rural dweller - a peasant, but that was only ...
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Muzhik
Agriculture in the Russian Empire throughout the 19th-20th centuries Russia represented a major world force, yet it lagged technologically behind other developed countries. Imperial Russia (officially founded in 1721 and abolished in 1917) was amongst the largest exporters of agricultural produce, especially wheat. The Free Economic Society of 1765 to 1919 made continuing efforts to improve farming techniques. The Russian peasant (male) was colloquially called a krestyanin ( rus, крестьянин), the female form of this word is krestyanka ( rus, крестьянка), plural - krestyane ( rus, крестьяне). Some arrogate this meaning to the word muzhik, moujik ( rus , мужи́к, p=mʊˈʐɨk) (man), and this word was calqued into Western languages through translations of Russian literature of 19th century, that described Russian rural life of that times, and where really the word ''muzhik'' referred to the most common rural dweller - a peasant, but that was only ...
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Peasant
A peasant is a pre-industrial agricultural laborer or a farmer with limited land-ownership, especially one living in the Middle Ages under feudalism and paying rent, tax, fees, or services to a landlord. In Europe, three classes of peasants existed: slave, serf, and free tenant. Peasants might hold title to land either in fee simple or by any of several forms of land tenure, among them socage, quit-rent, leasehold, and copyhold. In some contexts, "peasant" has a pejorative meaning, even when referring to farm laborers. As early as in 13th-century Germany, the concept of "peasant" could imply "rustic" as well as "robber", as the English term villain/villein. In 21st-century English, the word "peasant" can mean "an ignorant, rude, or unsophisticated person". The word rose to renewed popularity in the 1940s–1960s as a collective term, often referring to rural populations of developing countries in general, as the "semantic successor to 'native', incorporating all its conde ...
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Russian Empire
The Russian Empire was an empire and the final period of the List of Russian monarchs, Russian monarchy from 1721 to 1917, ruling across large parts of Eurasia. It succeeded the Tsardom of Russia following the Treaty of Nystad, which ended the Great Northern War. The rise of the Russian Empire coincided with the decline of neighbouring rival powers: the Swedish Empire, the Polish–Lithuanian Commonwealth, Qajar Iran, the Ottoman Empire, and Qing dynasty, Qing China. It also held colonies in North America between 1799 and 1867. Covering an area of approximately , it remains the list of largest empires, third-largest empire in history, surpassed only by the British Empire and the Mongol Empire; it ruled over a population of 125.6 million people per the Russian Empire Census, 1897 Russian census, which was the only census carried out during the entire imperial period. Owing to its geographic extent across three continents at its peak, it featured great ethnic, linguistic, re ...
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Hedge (finance)
A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, gambles, many types of over-the-counter and derivative products, and futures contracts. Public futures markets were established in the 19th century to allow transparent, standardized, and efficient hedging of agricultural commodity prices; they have since expanded to include futures contracts for hedging the values of energy, precious metals, foreign currency, and interest rate fluctuations. Etymology Hedging is the practice of taking a position in one market to offset and balance against the risk adopted by assuming a position in a contrary or opposing market or investment. The word hedge is from Old English ''hecg'', originally any fence, living or artificial. The first known use of the word ...
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Panayis Athanase Vagliano
Panayis Athanase Vagliano ( el, Παναγής Βαλλιάνος, Panagis Vallianos; 1814–1902) was a Greek merchant and shipowner, acclaimed as the 'father of modern Greek shipping'. He was born in Kerameies on the Greek island of Cefalonia, where he first became a sailor, before becoming part of the Greek diaspora. Russia He joined his brothers Marinos and Andreas, initially settling in Taganrog, Russian Empire around 1840. Together they formed ''Vaglianos Bros.'' as grain-merchants and shippers, making good profits from the high prices of grain during the Crimean War. It is said that they sometimes bought the whole Russian wheat export crop, and were pioneers of exchange-traded wheat contracts. After the war ended, fellow Greeks had problems finding shippers for their cargoes from the Great Powers; Vaglianos Bros. stepped in and offered them financing and transport on their own ships. London Vagliano moved his business to London in 1858, as grain merchants, ba ...
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Ralli Brothers
The five Ralli brothers, Zannis a.k.a. John (1785–1859), Augustus (1792–1878), Pandia a.k.a. Zeus (1793–1865), Toumazis (1799–1858), and Eustratios (1800–84), founded Ralli Brothers, perhaps the most successful expatriate Greek merchant business of the Victorian era. Born to a wealthy merchant family of Chios, their father, Stephanos Ralli (1755–1827), had settled in Marseille, but recognised that the nexus of trading had changed in the aftermath of the Napoleonic wars, and sent his eldest son, John, to London to explore business opportunities. Founding of the Ralli Brothers’ partnership John started trading in oriental silk and Russian grain in exchange for British textiles, and fetched his brothers over to help, incorporating as ''Ralli Brothers'' in London. His brother Eustratios ran the textile export operations from Manchester; Toumazis sourced raw materials and grain from Odessa and Constantinople; Pandia financed it from the Baltic Exchange in London; and A ...
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Baltic Exchange
The Baltic Exchange (incorporated as The Baltic Exchange Limited) is a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts. It was located at 24–28 St Mary Axe, London, until the building was destroyed by a bomb in 1992. The Baltic Exchange moved into a new building at 38 St Mary Axe on 15 May 1995. It is now located at 107 Leadenhall St and has further offices in Europe, across Asia, and in the United States. Overview Its international community of 650 member companies encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. The Baltic Exchange traces its roots back to 1744 and the Virginia and Baltick Coffee House in Threadneedle Street. (English coff ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Stolypin Reform
The Stolypin agrarian reforms were a series of changes to Imperial Russia's agricultural sector instituted during the tenure of Prime Minister Pyotr Stolypin. Most, if not all, of these reforms were based on recommendations from a committee known as the "Needs of Agricultural Industry Special Conference," which was held in Russia between 1901–1903 during the tenure of Minister of Finance Sergei Witte. Agrarian reforms The reforms aimed to transform the traditional ''obshchina'' form of Russian agriculture, which bore some similarities to the open-field system of Britain. Serfs who had been liberated by the emancipation reform of 1861 lacked the financial ability to leave their new lands, as they owed money to the state for periods of up to 49 years. Perceived drawbacks of the ''obshchina'' system included collective ownership, scattered land allotments based on family size, and a significant level of control by the family elder. Stolypin, as a staunch conservative, also sought t ...
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Futures Contracts
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the long position holder and the selling party is said to be the short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both parties lodging as security a margin of the value of the contract with a m ...
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Futures Exchange
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts. Futures exchanges can be organized as non-profit member-owned organizations or as for-profit organizations. Futures exchanges can be integrated under the same brand name or organization with other types of exchanges, such as stock markets, options markets, and bond markets. Non-profit member-owned futures exchanges benefit their members, who earn ...
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