Spendthrift
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Spendthrift
A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond his or her means. "Spendthrift" derives from an obsolete sense of the word "thrift" to mean prosperity rather than frugality, so a "spendthrift" is one who has spent their prosperity. Historical figures who have been characterised as spendthrifts include George IV of the United Kingdom, King Ludwig II of Bavaria, and Marie Antoinette the Queen of France. The term is often used by news media as an adjective applied to governments who are thought to be wasting public money. Etymology While the pair of words may seem to imply the opposite of its meaning (as if you are thrifty in your spending), it follows the tradition of the earlier word "scattergood", the first part being an undoing of the second. In artwork William Hogarth's ''A Rake's Progress'' (1732–33) displays in a series of paintings the spiralling fortune ...
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The Young Man And The Swallow
The young man and the swallow (which also has the Victorian title of "The spendthrift and the swallow") is one of Aesop's Fables and is numbered 169 in the Perry Index. It is associated with the ancient proverb 'One swallow doesn't make a summer'. The fable The story appears only in Greek sources in ancient times and may have been invented to explain the proverb 'One swallow does not make a spring' (μία γὰρ χελιδὼν ἔαρ οὐ ποιεῖ), which is recorded in Aristotle's Nicomachean Ethics (I.1098a18). Other instances of where fables appear to derive from proverbs include The Mountain in Labour, recorded by Phaedrus, and Jumping from the frying pan into the fire by Laurentius Abstemius. The fable is about a young man who spends all his money on gambling and luxurious living until he has only a cloak to keep off the weather. Seeing an unusually early swallow fly by, the man concludes that spring has come and sells his cloak so as to use the proceeds to mend h ...
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A Rake's Progress
''A Rake's Progress'' (or ''The Rake's Progress'') is a series of eight paintings by 18th-century English artist William Hogarth. The canvases were produced in 1732–1734, then engraved in 1734 and published in print form in 1735. The series shows the decline and fall of Tom Rakewell, the spendthrift son and heir of a rich merchant, who comes to London, wastes all his money on luxurious living, prostitution and gambling, and as a consequence is imprisoned in the Fleet Prison and ultimately Bethlem Hospital (Bedlam). The original paintings are in the collection of Sir John Soane's Museum in London, where they are normally on display for a short period each day. The filmmaker Alan Parker has described the works as an ancestor to the storyboard. Paintings I – ''The Heir'' In the first painting, Tom has come into his fortune on the death of his miserly father. While the servants mourn, he is measured for new clothes. Although he has had a common-law marriage with her, he now ...
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Marie Antoinette
Marie Antoinette Josèphe Jeanne (; ; née Maria Antonia Josepha Johanna; 2 November 1755 – 16 October 1793) was the last queen of France before the French Revolution. She was born an archduchess of Austria, and was the penultimate child and youngest daughter of Empress Maria Theresa and Emperor Francis I. She became dauphine of France in May 1770 at age 14 upon her marriage to Louis-Auguste, heir apparent to the French throne. On 10 May 1774, her husband ascended the throne as Louis XVI and she became queen. Marie Antoinette's position at court improved when, after eight years of marriage, she started having children. She became increasingly unpopular among the people, however, with the French ''libelles'' accusing her of being profligate, promiscuous, allegedly having illegitimate children, and harboring sympathies for France's perceived enemies—particularly her native Austria. The false accusations of the Affair of the Diamond Necklace damaged her reputation further ...
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George IV Of The United Kingdom
George IV (George Augustus Frederick; 12 August 1762 – 26 June 1830) was King of the United Kingdom of Great Britain and Ireland and King of Hanover from the death of his father, King George III, on 29 January 1820, until his own death ten years later. At the time of his accession to the throne, he was acting as Prince Regent, having done so since 5 February 1811, during his father's final mental illness. George IV was the eldest child of King George III and Queen Charlotte. He led an extravagant lifestyle that contributed to the fashions of the Regency era. He was a patron of new forms of leisure, style and taste. He commissioned John Nash to build the Royal Pavilion in Brighton and remodel Buckingham Palace, and commissioned Jeffry Wyatville to rebuild Windsor Castle. George's charm and culture earned him the title "the first gentleman of England", but his dissolute way of life and poor relationships with his parents and his wife, Caroline of Brunswick, earned him t ...
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Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the mind ...
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Conflict Of Laws In The United States
Conflict of laws in the United States is the field of procedural law dealing with choice of law rules when a legal action implicates the substantive laws of more than one jurisdiction and a court must determine which law is most appropriate to resolve the action. In the United States, the rules governing these matters have diverged from the traditional rules applied internationally. The outcome of this process may require a court in one jurisdiction to apply the law of a different jurisdiction. New approaches in the United States Until the 20th century, traditional choice of law rules were based on the principle that legal rights vest automatically at legally significant and ascertainable times and places. For example, a dispute regarding property would be decided by the law of the place the property was located. Disputes in tort would be decided by the place where the injury occurred. During the first half of the 20th century, the traditional conflict of laws approach came under ...
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Creditor
A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. *A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to ''secure'' him) of ultimate repayment of the debt owed to him. This could be by way of, for example, a mortgage, where the property represents the security. *An unsecured creditor does not have a charge over the debtor's assets. The term creditor ...
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Public Policy
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public policy can be considered to be the sum of government direct and indirect activities and has been conceptualized in a variety of ways. They are created and/or enacted on behalf of the public typically by a government. Sometimes they are made by nonprofit organisations or are made in co-production with communities or citizens, which can include potential experts, scientists, engineers and stakeholders or scientific data, or sometimes use some of their results. They are typically made by policy-makers affiliated with (in democratic polities) currently elected politicians. Therefore, the "policy process is a complex political process in which there are many actors: elected politicians, political party leaders, pressure groups, civil servants ...
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Poorhouse
A poorhouse or workhouse is a government-run (usually by a county or municipality) facility to support and provide housing for the dependent or needy. Workhouses In England, Wales and Ireland (but not in Scotland), ‘workhouse’ has been the more common term. Before the introduction of the Poor Laws, each parish would maintain its own workhouse; often these would be simple farms with the occupants dividing their time between working the farm and being employed on maintaining local roads and other parish works. An example of one such is Strand House in East Sussex. In the early Victorian era (see Poor Law), poverty was seen as a dishonourable state. As depicted by Charles Dickens, a workhouse could resemble a reformatory, often housing whole families, or a penal labour regime giving manual work to the indigent and subjecting them to physical punishment. At many workhouses, men and women were split up with no communication between them. Furthermore, these workhouse systems w ...
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Welfare (financial Aid)
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through free or subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and public ...
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Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ...
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Binoculars
Binoculars or field glasses are two refracting telescopes mounted side-by-side and aligned to point in the same direction, allowing the viewer to use both eyes (binocular vision) when viewing distant objects. Most binoculars are sized to be held using both hands, although sizes vary widely from opera glasses to large pedestal-mounted military models. Unlike a (monocular) telescope, binoculars give users a three-dimensional image: each eyepiece presents a slightly different image to each of the viewer's eyes and the parallax allows the visual cortex to generate an impression of depth. Optical designs Galilean Almost from the invention of the telescope in the 17th century the advantages of mounting two of them side by side for binocular vision seems to have been explored. Most early binoculars used Galilean optics; that is, they used a convex objective and a concave eyepiece lens. The Galilean design has the advantage of presenting an erect image but has a narrow field of ...
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