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George Peabody
George Peabody (; February 18, 1795 – November 4, 1869) was an American financier and philanthropist. He is often considered the father of modern philanthropy. Born into a poor family in Massachusetts, Peabody went into business in dry goods and later into banking. In 1837 he moved to London (which was then the capital of world finance) where he became the most noted American banker and helped to establish the young country's international credit. Having no son of his own to whom he could pass on his business, Peabody took on Junius Spencer Morgan as a partner in 1854 and their joint business would go on to become the global financial services firm J.P. Morgan & Co. after Peabody's 1864 retirement. In his old age, Peabody won worldwide acclaim for his philanthropy. He founded the Peabody Trust in Britain and the Peabody Institute and George Peabody Library in Baltimore, and was responsible for many other charitable initiatives. For his generosity, he was awarded the Congre ...
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Peabody, Massachusetts
Peabody () is a city in Essex County, Massachusetts, United States. The population was 54,481 at the time of the 2020 United States census. Peabody is located in the North Shore (Massachusetts), North Shore region of Massachusetts, and is known for its rich Industry (manufacturing), industrial history. History The area was long inhabited by Native Americans in the United States, Native American people known as the Naumkeag people, Naumkeag. The area was settled as part of Salem, Massachusetts, Salem in 1626 by a small group of British people, English colonists from Cape Ann led by Roger Conant (colonist), Roger Conant. It was subsequently referred to as the Northfields, Salem Farms, and Brooksby. Several area residents were accused of witchcraft during the Salem witch trials of the late 17th century, three of whom were executed (John Proctor (Salem witch trials), John Proctor, Giles Corey, and Martha Corey). In 1752, the area was set off from Salem, Massachusetts, Salem, and i ...
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Congressional Gold Medal
The Congressional Gold Medal is the oldest and highest civilian award in the United States, alongside the Presidential Medal of Freedom. It is bestowed by vote of the United States Congress, signed into law by the president. The Gold Medal expresses the highest national appreciation for distinguished achievements and contributions by individuals or institutions. The congressional practice of issuing gold medals to occasionally honor recipients began with members of the military during the American Revolution. The practice soon extended to individuals in all walks of life and in the late 20th century also to groups. The congressional medal honors those, individually or as a group, "who have performed an achievement that has an impact on American history and culture that is likely to be recognized as a major achievement in the recipient's field long after the achievement." There is no general statutory scheme for creation of the award. When a Congressional Gold Medal is deem ...
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Pounds Sterling
Sterling (Currency symbol, symbol: Pound sign, £; ISO 4217, currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of account, unit of sterling, and the word ''Pound (currency), pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that special drawing rights#Value definition, calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in Foreign exchange reserves, global reserves. The Bank of England is the central bank for sterling, issui ...
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Barings Bank
Barings Bank was a British merchant bank based in London. It was one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Francis Baring, a British-born member of the German–British Baring family of merchants and bankers. The bank collapsed in 1995 after suffering losses of £827 million (£ billion in ) resulting from fraudulent investments, primarily in futures contracts, conducted by its employee Nick Leeson working at its office in Singapore. History 1762–1889 Barings Bank was founded in 1762 as the John and Francis Baring Company by Sir Francis Baring, 1st Baronet, with his older brother John Baring as a mostly silent partner. They were sons of John (né Johann) Baring, wool trader of Exeter, born in Bremen, Germany. The company started business in offices off Cheapside in London, and within a few years moved to larger quarters in Mincing Lane.D. Kinaston. The City of London, ...
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Reform Club
The Reform Club is a private members' club, owned and controlled by its members, on the south side of Pall Mall, London, Pall Mall in central London, England. As with all of London's original gentlemen's clubs, it had an all-male membership for decades, but it was one of the first all-male clubs to change its rules to include the admission of women on equal terms in 1981. Since its foundation in 1836, the Reform Club has been the traditional home for those committed to progressivism, progressive political ideas, with its membership initially consisting of Radicals (UK), Radicals and Whigs (British political party), Whigs. However, it is no longer associated with any particular political party, and it now serves a purely social function. The Reform Club currently enjoys extensive reciprocity with similar clubs around the world. It attracts a significant number of foreign members, such as diplomats accredited to the Court of St James's. Of the current membership of around 2,700, s ...
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The Times
''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821), are published by Times Media, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'' were founded independently and have had common ownership only since 1966. It is considered a newspaper of record in the UK. ''The Times'' was the first newspaper to bear that name, inspiring numerous other papers around the world. In countries where these other titles are popular, the newspaper is often referred to as or , although the newspaper is of national scope and distribution. ''The Times'' had an average daily circulation of 365,880 in March 2020; in the same period, ''The Sunday Times'' had an average weekly circulation of 647,622. The two ...
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Persona Non Grata
In diplomacy, a ' (PNG) is a foreign diplomat that is asked by the host country to be recalled to their home country. If the person is not recalled as requested, the host state may refuse to recognize the person concerned as a member of the diplomatic mission (including the removal of diplomatic immunity). A host country may declare any member of a diplomatic staff ' at any time without any explanation. Diplomacy Under Article 9 of the Vienna Convention on Diplomatic Relations, a receiving state may "at any time and without having to explain its decision" declare any member of a diplomatic staff '. A person so declared is considered unacceptable and is usually recalled to their home nation. If not recalled, the receiving state "may refuse to recognize the person concerned as a member of the mission". A person can be declared before even entering the country. With the protection of mission staff from prosecution for violating civil and criminal laws, depending on rank, under Arti ...
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George Peabody & Co
George may refer to: Names * George (given name) * George (surname) People * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Papagheorghe, also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George, son of Andrew I of Hungary Places South Africa * George, South Africa, a city ** George Airport United States * George, Iowa, a city * George, Missouri, a ghost town * George, Washington, a city * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Computing * George (algebraic compiler) also known as 'Laning and Zierler system', an algebraic compiler by Laning and Zierler in 1952 * GEORGE (computer), early computer built by Argonne National Laboratory in 1957 * GEORGE (operating system), a range of operating systems (George 1–4) for the ICT 1900 range of computers in the 1960s * GEORGE (programming language), an autocode system invented by Charles Leonard ...
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Bond (finance)
In finance, a bond is a type of Security (finance), security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the Maturity (finance), maturity date and interest (called the coupon (bond), coupon) over a specified amount of time.) The timing and the amount of cash flow provided varies, depending on the economic value that is emphasized upon, thus giving rise to different types of bonds. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and Share capital, stocks are both Security (finance), securities, but the major difference between the two is that (capital) stockholders h ...
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Merchant Bank
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate or finance the production and trade of commodities, hence the name ''merchant''. Few banks today restrict their activities to such a narrow scope. In modern usage in the United States, the term additionally has taken on a more narrow meaning, and refers to a financial institution providing capital to companies in form of share ownership instead of loans. A merchant bank also provides advice on corporate matters to the firms in which they invest. History Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large E ...
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Henry Fite House
The "Henry Fite House", located on West Baltimore Street (then known as Market Street), between South Sharp and North Liberty Streets, later known as Hopkins Place, in Baltimore, Maryland, was the meeting site of the Second Continental Congress from December 20, 1776 until February 22, 1777. Built as an inn and tavern around 1770 in the Georgian architectural style in red brick with white wood trim by Henry Fite (1722–1789), the building became known as "Congress Hall" when it served for two months as the new nation's seat of government in 1776–77. Later, following the Revolutionary War, it became known locally as "Old Congress Hall". The structure was destroyed during the Great Baltimore Fire of February 7–8, 1904, which started nearby. Nation's capital The Second Continental Congress moved from Philadelphia to Baltimore in the winter of 1776 to avoid capture by British forces, who were advancing on Philadelphia, the new American capital city, during the New Yor ...
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Puritan
The Puritans were English Protestants in the 16th and 17th centuries who sought to rid the Church of England of what they considered to be Roman Catholic practices, maintaining that the Church of England had not been fully reformed and should become more Protestant. Puritanism played a significant role in English and early American history, especially in the Protectorate in Great Britain, and the earlier settlement of New England. Puritans were dissatisfied with the limited extent of the English Reformation and with the Church of England's religious toleration of certain practices associated with the Catholic Church. They formed and identified with various religious groups advocating greater purity of worship and doctrine, as well as personal and corporate piety. Puritans adopted a covenant theology, and in that sense they were Calvinists (as were many of their earlier opponents). In church polity, Puritans were divided between supporters of episcopal, presbyterian, and ...
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