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Walter Bagehot
Walter Bagehot ( ; 3 February 1826 – 24 March 1877) was an English journalist, businessman, and essayist, who wrote extensively about government, economics, literature and race. He is known for co-founding the ''National Review'' in 1855, and for his works '' The English Constitution'' and '' Lombard Street: A Description of the Money Market'' (1873). Life Bagehot was born in Langport, Somerset, England, on 3 February 1826. His father, Thomas Watson Bagehot, was managing director and vice-chairman of Stuckey's Bank. He attended University College London (UCL), where he studied mathematics and, in 1848, earned a master's degree in moral philosophy. Bagehot was called to the bar by Lincoln's Inn, but preferred to join his father in 1852 in his family's shipping and banking business. In 1858, Bagehot married Elizabeth (Eliza) Wilson (1832–1921), whose father, James Wilson, was the founder and owner of ''The Economist''. The couple were happily married until Bagehot's u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Langport
Langport is a small town and civil parish in Somerset, England, west of Somerton in the South Somerset district. The parish, which covers only part of the town, has a population of 1,081. Langport is contiguous with Huish Episcopi, a separate parish that includes much of the town's outskirts. History Langport (old forms are "Langeberga" and "Langeport") consists of two parts, one on the hill and one by the River Parrett. The former owed its origin to its defensible position, and the latter its growth to its facilities for trade on the chief river of Somerset. Eilert Ekwall translates it as "long town" or "long market". Its name looks like Anglo-Saxon for "long port", but it may be "long market place" that could have been on the causeway that is now Bow Street. Many of the houses in Bow Street tilt backwards due to settlement of the land behind the causeway. It is speculated that Langport is the place mentioned in old Welsh sources as "Llongborth" = "Ship-port", the site of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many List of islands of the United Kingdom, smaller islands within the British Isles. Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rates
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement. The protection that collateral provides generally allows lenders to offer a lower interest rate on loans that have collateral. The reduction in interest rate can be up to several percentage points, depending on the type and value of the collateral. For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property. In a typical mortgage loan transaction, for instance, the real estate being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depository Institutions
Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included. An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits. See also *Authorised deposit-taking institution Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the ... References * Ruben D Cohen (2004) �The Optimal Capital Structure of Depository Institutions��, ''Wilmott Magazine'', March issue. Financial services in the United States {{Busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2010
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Evolution
Human evolution is the evolutionary process within the history of primates that led to the emergence of '' Homo sapiens'' as a distinct species of the hominid family, which includes the great apes. This process involved the gradual development of traits such as human bipedalism and language, as well as interbreeding with other hominins, which indicate that human evolution was not linear but a web.Human Hybrids (PDF). Michael F. Hammer. ''Scientific American'', May 2013. The study of human evolution involves scientific disciplines, including [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Tylor
Sir Edward Burnett Tylor (2 October 18322 January 1917) was an English anthropologist, and professor of anthropology. Tylor's ideas typify 19th-century cultural evolutionism. In his works ''Primitive Culture'' (1871) and ''Anthropology'' (1881), he defined the context of the scientific study of anthropology, based on the evolutionary theories of Charles Lyell. He believed that there was a functional basis for the development of society and religion, which he determined was universal. Tylor maintained that all societies passed through three basic stages of development: from savagery, through barbarism to civilization. Tylor is a founding figure of the science of social anthropology, and his scholarly works helped to build the discipline of anthropology in the nineteenth century.Paul Bohannan, ''Social Anthropology'' (New York: Holt, Rinehart & Winston, 1969) He believed that "research into the history and prehistory of man ..could be used as a basis for the reform of Britis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Lubbock, 1st Baron Avebury
John Lubbock, 1st Baron Avebury, 4th Baronet, (30 April 183428 May 1913), known as Sir John Lubbock, 4th Baronet from 1865 until 1900, was an English banker, Liberal politician, philanthropist, scientist and polymath. Lubbock worked in his family company as a banker but made significant contributions in archaeology, ethnography, and several branches of biology. He coined the terms "Paleolithic" and "Neolithic" to denote the Old and New Stone Ages, respectively. He helped establish archaeology as a scientific discipline, and was influential in debates concerning evolutionary theory. He introduced the first law for the protection of the UK's archaeological and architectural heritage. He was also a founding member of the X Club. Early life John Lubbock was born in 1834, the son of Sir John Lubbock, 3rd Baronet, a London banker, and was brought up in the family home of High Elms Estate, near Downe in Kent. The family had two homes, one at 29 Eaton Place, Belgrave Square where ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mixed Race
Mixed race people are people of more than one race or ethnicity. A variety of terms have been used both historically and presently for mixed race people in a variety of contexts, including ''multiethnic'', ''polyethnic'', occasionally ''bi-ethnic'', ''Métis'', '' Muwallad'', ''Colored'', ''Dougla'', ''half-caste'', '' ʻafakasi'', ''mestizo'', ''Melungeon'', ''quadroon'', ''octoroon'', '' sambo/zambo'', ''Eurasian'', ''hapa'', ''hāfu'', ''Garifuna'', ''pardo'' and ''Guran''. A number of these terms are now considered offensive, in addition to those that were initially coined for pejorative use. Individuals of mixed-race backgrounds make up a significant portion of the population in many parts of the world. In North America, studies have found that the mixed race population is continuing to grow. In many countries of Latin America, mestizos make up the majority of the population and in some others also mulattoes. In the Caribbean, mixed race people officially make up the majori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scientific Racism
Scientific racism, sometimes termed biological racism, is the pseudoscience, pseudoscientific belief that empirical evidence exists to support or justify racism (racial discrimination), racial inferiority, or racial superiority.. "Few tragedies can be more extensive than the stunting of life, few injustices deeper than the denial of an opportunity to strive or even to hope, by a limit imposed from without, but falsely identified as lying within." Historically, scientific racism received credence throughout the scientific community, but it is no longer considered scientific. The division of humankind into biologically distinct groups, and the attribution of specific traits both physical and mental to them by constructing and applying corresponding Scientific modelling, explanatory models, i.e. racial theories, is sometimes called racialism, race realism, or race science by its proponents. Modern scientific consensus rejects this view as being irreconcilable with modern Genetics, g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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