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Crédit Mobilier
The Crédit Mobilier (; officially the Société Générale du Crédit Mobilier , ) was a French banking company created in 1852 by the Pereire brothers, and one of the world’s most significant and influential financial institutions in the mid-19th century. The Crédit Mobilier had a major role in the financing of numerous railroads and other infrastructure projects by mobilizing the savings of middle class French investors as capital for vast lending schemes. Its operations resulted in vast debts for the countries which accepted its infrastructure loans, and the bank was thus indirectly involved in European encroachment on countries whose governments subsequently defaulted on these loans, not least during the worldwide economic depression of the 1870s. It became a powerful and dynamic funding agent for major projects in France, Europe, North Africa and the world at large. As Napoleon III redeveloped Paris, the Crédit Mobilier speculated on real estate with inside informati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hotel Ritz Paris
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator, and other kitchen facilities, upholstered chairs, a television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, a business center with computers, printers, and other office equipment, childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Japan, capsul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1852
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of France
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Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint-Simonianism
Claude Henri de Rouvroy, Comte de Saint-Simon (; ; 17 October 1760 – 19 May 1825), better known as Henri de Saint-Simon (), was a French political, economic and socialist theorist and businessman whose thought had a substantial influence on politics, economics, sociology and the philosophy of science. He was a younger relative of the famous memoirist the Duc de Saint-Simon. Saint-Simon created a political and economic ideology known as Saint-Simonianism () that claimed that the needs of an ''industrial class'', which he also referred to as the working class, needed to be recognized and fulfilled to have an effective society and an efficient economy.Keith Taylor (ed, tr.). ''Henri de Saint Simon, 1760–1825: Selected writings on science, industry and social organization''. New York, US: Holmes and Meier Publishers, Inc, 1975. pp. 158–161. Unlike conceptions within industrializing societies of a working class being manual laborers alone, Saint-Simon's late-18th-century conce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque De L'Union Parisienne
The Banque de l'Union Parisienne (, BUP) was a French investment bank, created in 1904 and merged into Crédit du Nord in 1973. History Société Française et Belge de Banque et d'Escompte From its inception, the Société Générale de Belgique (SGB) had a branch in Paris. This was later restructured as a banking subsidiary, called the (), of which the SGB held three-quarters of the capital. Banque Parisienne The was founded in 1874 and mainly engaged in discounting commercial paper. In the financial and economic crisis of the late 1880s, it ran into liquidity problems, which were resolved by an injection of cash from the Société Générale de Belgique. With this new partner, the Banque Parisienne moved into the business of launching and trading securities for French companies, mostly based in Paris, for companies in countries such as Portugal and China, and for governments. The business proved profitable, but the company lacked the capital needed for faster growth. Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
28 Boulevard Haussmann, Paris 9e 2
8 (eight) is the natural number following 7 and preceding 9. Etymology English ''eight'', from Old English '', æhta'', Proto-Germanic ''*ahto'' is a direct continuation of Proto-Indo-European '' *oḱtṓ(w)-'', and as such cognate with Greek and Latin , both of which stems are reflected by the English prefix oct(o)-, as in the ordinal adjective ''octaval'' or ''octavary'', the distributive adjective is ''octonary''. The adjective ''octuple'' (Latin ) may also be used as a noun, meaning "a set of eight items"; the diminutive ''octuplet'' is mostly used to refer to eight siblings delivered in one birth. The Semitic numeral is based on a root ''*θmn-'', whence Akkadian ''smn-'', Arabic ''ṯmn-'', Hebrew ''šmn-'' etc. The Chinese numeral, written (Mandarin: ''bā''; Cantonese: ''baat''), is from Old Chinese ''*priāt-'', ultimately from Sino-Tibetan ''b-r-gyat'' or ''b-g-ryat'' which also yielded Tibetan '' brgyat''. It has been argued that, as the cardinal num ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Par Value
In finance and accounting, par value means stated value or face value of a financial instrument. Expressions derived from this term include at par (at the par value), over par (over par value) and under par (under par value). Bonds A bond selling at par is priced at 100% of face value. Par can also refer to a bond's original issue value or its value upon redemption at maturity. Stock The par value of stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a share is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. This was far more important in unregulated equity markets than in the regulated marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crimean War
The Crimean War was fought between the Russian Empire and an alliance of the Ottoman Empire, the Second French Empire, the United Kingdom of Great Britain and Ireland, and the Kingdom of Sardinia (1720–1861), Kingdom of Sardinia-Piedmont from October 1853 to February 1856. Geopolitical causes of the war included the "Eastern question" (Decline and modernization of the Ottoman Empire, the decline of the Ottoman Empire, the "sick man of Europe"), expansion of Imperial Russia in the preceding Russo-Turkish wars, and the British and French preference to preserve the Ottoman Empire to maintain the European balance of power, balance of power in the Concert of Europe. The flashpoint was a dispute between France and Russia over the rights of Catholic Church, Catholic and Eastern Orthodox Church, Orthodox minorities in Palestine (region), Palestine. After the Sublime Porte refused Nicholas I of Russia, Tsar Nicholas I's demand that the Empire's Orthodox subjects were to be placed unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability
Limited liability is a legal status in which a person's financial Legal liability, liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors. A shareholder in a corporation or Limited company, limited liability company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any—except under special and rare circumstances that permit "piercing the corporate veil." The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paulin Talabot
François "Paulin" Talabot (; 18 August 1799 – 21 March 1885), also known as Paulin-François Talabot, was a French railway and canal engineer and politician. Educated at École polytechnique, Talabot started his career building canals. Inspired by George and Robert Stephenson's steam railways in England, he built a line to transport coal from the mines at La Grand-Combe to the Mediterranean at Nîmes, which opened in 1839. He visited England and became friends with Robert Stephenson, with whom he surveyed a route for a Suez Canal in 1847. The French Revolution of 1848 was followed by a financial crisis, and Talabot formed a company in 1852 to take over the struggling railway between Lyon and the Mediterranean; this merged with the Paris to Lyon Railway in 1857 to become the Chemins de fer de Paris à Lyon et à la Méditerranée (PLM). In 1862 Talabot became its first director general before he died in 1885. A Bonapartist, he served as a deputy for Gard (18631870) and preside ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
