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Coin's Financial School
''Coin's Financial School'' is an 1894 pamphlet written by lawyer, politician and resort founder William Hope Harvey (1851–1936). It advocated a return to bimetallism, where the value of a monetary unit is defined as a certain amount of two different kinds of metals, often gold and silver. In the book, Harvey charged that the demonetization of silver caused by the Coinage Act of 1873 led to the Panic of 1893 by halving the supply of available redemption money in the economy. This lowered the prices of goods throughout the country and hurt farmers and small business owners, according to Harvey. Harvey argued that by returning silver to the same monetary status as gold, the American economy would benefit from stabilized prices, resulting in higher revenue, and ease of repayment of debts. The pamphlet sold about 1 million copies, which helped popularize the free silver movement with the public. Harvey would go on to aid Democratic candidate William Jennings Bryan’s presidenti ...
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American Civil War
The American Civil War (April 12, 1861May 26, 1865; also known by Names of the American Civil War, other names) was a civil war in the United States between the Union (American Civil War), Union ("the North") and the Confederate States of America, Confederacy ("the South"), which was formed in 1861 by U.S. state, states that had Secession in the United States, seceded from the Union. The Origins of the American Civil War, central conflict leading to war was a dispute over whether Slavery in the United States, slavery should be permitted to expand into the western territories, leading to more slave states, or be prohibited from doing so, which many believed would place slavery on a course of ultimate extinction. Timeline of events leading to the American Civil War, Decades of controversy over slavery came to a head when Abraham Lincoln, who opposed slavery's expansion, won the 1860 presidential election. Seven Southern slave states responded to Lincoln's victory by seceding f ...
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People's Party (United States)
The People's Party, usually known as the Populist Party or simply the Populists, was an Agrarianism, agrarian populist political party in the United States in the late 19th century. The Populist Party emerged in the early 1890s as an important force in the Southern and Western United States, but declined rapidly after the 1896 United States presidential election in which most of its natural constituency was absorbed by the William Jennings Bryan, Bryan wing of the Democratic Party. A Rump party, rump faction of the party continued to operate into the first decade of the 20th century, but never matched the popularity of the party in the early 1890s. The Populist Party's roots lay in the Farmers' Alliance, an agrarian movement that promoted economic action during the Gilded Age, as well as the Greenback Party, an earlier third party that had advocated fiat money. The success of Farmers' Alliance candidates in the 1890 United States elections, 1890 elections, along with the conservat ...
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Joseph Medill
Joseph Medill (April 6, 1823 – March 16, 1899) was a Canadian-American newspaper editor, publisher, and Republican Party (United States), Republican Party politician. He was co-owner and managing editor of the ''Chicago Tribune'', and he was Mayor of Chicago from after the Great Chicago Fire of 1871 until 1873. Early life Joseph Medill was born April 6, 1823, in Saint John, New Brunswick, Saint John, New Brunswick, British North America, to Margaret and William Medill. His parents were Scotch-Irish Canadians, Scots-Irish. In 1832, the family moved to Massillon, Ohio. He grew up on a farm and was taught English grammar, Latin, logic and philosophy from Reverend Hawkins, a clergyman of the Methodist Episcopal Church in Canton, Ohio, Canton. He graduated from the Massillon Academy in 1843. He read law under Hiram Griswold and was Admission to the bar in the United States, admitted to the Ohio Bar in 1846. Early career After joining the bar, he started a law practice with George ...
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Lyman J
Lyman may refer to: Places Ukraine * Lyman, Ukraine, a city, formerly the administrative center of Lyman Raion, Donetsk Oblast * Lyman Raion, Donetsk Oblast, Ukraine, a former ''raion'' (district) * Lyman Raion, Odesa Oblast, Ukraine, a former ''raion'' United States * Lyman, Iowa, an unincorporated community * Lyman, Maine, a town * Lyman, Mississippi, a census-designated place * Lyman, Nebraska, a village * Lyman, New Hampshire, a town * Lyman, Oklahoma, a town * Lyman, South Carolina, a town * Lyman County, South Dakota ** Lyman, South Dakota, an unincorporated community in the county * Lyman, Utah, a town * Lyman, Washington, a town * Lyman, Wyoming, a town * Lyman Glacier (Mount Adams), Gifford Pinchot National Forest, Washington state * Lyman Glacier (North Cascades), Wenatchee National Forest, Washington state * Lyman Mountain, Oregon * Lyman Reservoir, Arizona Outer space * Lyman (crater), a lunar impact crater Other uses * Lyman (name), a list of peopl ...
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Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of United States cities by population, third-most populous city in the United States after New York City and Los Angeles. As the county seat, seat of Cook County, Illinois, Cook County, the List of the most populous counties in the United States, second-most populous county in the U.S., Chicago is the center of the Chicago metropolitan area, often colloquially called "Chicagoland" and home to 9.6 million residents. Located on the shore of Lake Michigan, Chicago was incorporated as a city in 1837 near a Chicago Portage, portage between the Great Lakes and the Mississippi River, Mississippi River watershed. It grew rapidly in the mid-19th century. In 1871, the Great Chicago Fire destroyed several square miles and left more than 100,000 homeless, but ...
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Rothschild Family
The Rothschild family ( , ) is a wealthy Ashkenazi Jews, Ashkenazi Jewish noble banking family originally from Frankfurt. The family's documented history starts in 16th-century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567. The family rose to prominence with Mayer Amschel Rothschild (1744–1812), a Court Jew, court factor to the German Landgraviate of Hesse-Kassel, Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international List of banking families, banking family through his five sons, who established businesses in Paris, Frankfurt, London, Vienna, and Naples. The family was elevated to nobility, noble rank in the Holy Roman Empire and the United Kingdom. The only subsisting branches of the family are the French and British one ...
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Grover Cleveland
Stephen Grover Cleveland (March 18, 1837June 24, 1908) was the 22nd and 24th president of the United States, serving from 1885 to 1889 and from 1893 to 1897. He was the first U.S. president to serve nonconsecutive terms and the first History of the Democratic Party (United States), Democrat elected president after the American Civil War, Civil War. Born in Caldwell, New Jersey, Cleveland was elected mayor of Buffalo in 1881 and governor of New York in 1882. While governor, he closely cooperated with New York State Assembly, state assembly minority leader Theodore Roosevelt to pass reform measures, winning national attention. He led the Bourbon Democrats, a pro-business movement opposed to History of tariffs in the United States#Civil War, high tariffs, free silver, inflation, imperialism, and subsidies to businesses, farmers, or Social history of soldiers and veterans in the United States, veterans. His crusade for political reform and fiscal conservatism made him an icon ...
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Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, 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 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 w ...
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Greenback (1860s Money)
Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. They were in two forms: Demand Notes, issued in 1861–1862, and United States Notes, issued in 1862–1865. A form of fiat money, the notes were legal tender for most purposes and carried varying promises of eventual payment in coin but were not backed by existing gold or silver reserves. History Background Before the Civil War, the United States used gold and silver coins as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. If a bank failed, its notes became worthless. The federal government sometimes issued Treasury Notes to borrow money during periods of economic distress, but proposals for a federal paper currency were politically contentious and recalled the experience of the Continental dollars issued during the American ...
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Demand Note
A Demand Note is a type of United States paper money that was issued from August 1861 to April 1862 during the American Civil War in denominations of 5, 10, and 20 . Demand Notes were the first issue of paper money by the United States that achieved wide circulation, albeit only for a short time. The U.S. government placed Demand Notes into circulation by using them to pay expenses incurred during the Civil War including the salaries of its workers and military personnel. Because of the distinctive green ink on their reverse, and because state-chartered bank and Confederate notes of the day typically had blank reverses, the Demand Notes were nicknamed "greenbacks", a name later inherited by United States Notes and Federal Reserve Notes. The obverse of the Demand Notes contained familiar elements such as the images of a bald eagle, Abraham Lincoln, and Alexander Hamilton, though the portraits used on Demand Notes are different from the ones seen on U.S. currency today. ...
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Salmon P
Salmon (; : salmon) are any of several list of commercially important fish species, commercially important species of euryhaline ray-finned fish from the genera ''Salmo'' and ''Oncorhynchus'' of the family (biology), family Salmonidae, native to tributary, tributaries of the North Atlantic (''Salmo'') and North Pacific (''Oncorhynchus'') basins. ''Salmon'' is a colloquial or common name used for fish in this group, but is not a scientific name. Other closely related fish in the same family include trout, Salvelinus, char, Thymallus, grayling, Freshwater whitefish, whitefish, lenok and Hucho, taimen, all coldwater fish of the subarctic and cooler temperate regions with some sporadic endorheic populations in Central Asia. Salmon are typically fish migration, anadromous: they hatch in the shallow gravel stream bed, beds of freshwater headstreams and spend their juvenile fish, juvenile years in rivers, lakes and freshwater wetlands, migrate to the ocean as adults and live like sea ...
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