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Future Trading Act
The Future Trading Act of 1921 (, ) was a United States Act of Congress, approved on August 24, 1921, by the 67th United States Congress intended to institute regulation of grain futures contracts and, particularly, the exchanges on which they were traded. It was the second federal statute that attempted to regulate futures contracts after the short lived Anti-Gold Futures Act of 1864. The act imposed a tax of 20 cents a bushel on all contracts for the sale of grain for future delivery other than those on exchanges regulated by the U.S. Department of Agriculture that met standards set out in the statute. Twenty cents a bushel was considered a large sum by the standards of the day. The Act was held to be unconstitutional by the U.S. Supreme Court in '' Hill v. Wallace'' on May 15, 1922. About four years later, on January 11, 1926, the Court announced a related decision in '' Trusler v. Crooks''. The Grain Futures Act The Grain Futures Act (ch. 369, , ) is a United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture
Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in the cities. While humans started gathering grains at least 105,000 years ago, nascent farmers only began planting them around 11,500 years ago. Sheep, goats, pigs, and cattle were domesticated around 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. In the 20th century, industrial agriculture based on large-scale monocultures came to dominate agricultural output. , small farms produce about one-third of the world's food, but large farms are prevalent. The largest 1% of farms in the world are greater than and operate more than 70% of the world's farmland. Nearly 40% of agricultural land is found on farms larger than . However, five of every six farms in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange (organized Market)
An exchange, bourse (), trading exchange or trading venue is an organized market (economics), market where (especially) tradable securities, commodity, commodities, foreign exchange market, foreign exchange, futures contract, futures, and option (finance), options contracts are bought and sold. History 12th century: Brokers on the Grand Bridge, France In the twelfth century, foreign exchange dealers in France were responsible for controlling and regulating the debts of agricultural communities on behalf of banks. These were actually the first brokers. They met on the Grand Bridge in Paris, the current Pont au Change. It takes its name from the forex brokers. 13th century: ''Huis ter Beurze'', Belgium The term ''bourse'' is related to the 13th-century inn named "''Bourse at Bruges, Huis ter Beurze''" owned by family in Bruges, Belgium, where traders and foreign merchants from across Europe, especially the Italian Republics of Republic of Genoa, Genoa, Republic of Florence, Fl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futures Markets
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts. Futures exchanges can be integrated under the same brand name or organization with other types of exchanges, such as stock markets, options markets, and bond markets. Futures exchanges can be organized as non-profit member-owned organizations or as for-profit organizations. Non-profit, member-owned futures exchanges benefit their members, who earn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Trade Of City Of Chicago V
Board or Boards may refer to: Flat surface * Lumber, or other rigid material, milled or sawn flat ** Plank (wood) ** Cutting board ** Sounding board, of a musical instrument * Cardboard (paper product) * Paperboard * Fiberboard ** Hardboard, a type of fiberboard * Particle board, also known as ''chipboard'' ** Oriented strand board * Printed circuit board, in computing and electronics ** Motherboard, the main printed circuit board of a computer * A reusable writing surface ** Chalkboard ** Whiteboard Recreation * Game board **Chessboard **Checkerboard * Board (bridge), a device used in playing duplicate bridge * Board, colloquial term for the rebound statistic in basketball * Board track racing, a type of motorsport popular in the United States during the 1910s and 1920s * Boards, the wall around a bandy field or ice hockey rink * Boardsports * Diving board (other) Companies * Board International, a Swiss software vendor known for its business intelligence software tool ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grain Futures Act
The Grain Futures Act (ch. 369, , ) is a United States federal law enacted September 21, 1922 involving the regulation of trading in certain commodity futures, and causing the establishment of the Grain Futures Administration, a predecessor organization to the Commodity Futures Trading Commission. The bill that became the Grain Futures Act was introduced in the United States Congress two weeks after the US Supreme Court declared the Futures Trading Act of 1921 unconstitutional in Hill v. Wallace 259 U.S. 44 (1922).Markham, Jerry The history of Commodity futures Trading and its Regulation, 13 The Grain Futures Act was held to be constitutional by the US Supreme Court in Board of Trade of City of Chicago v. Olsen 262 US 1 (1923). In 1936 it was revised into the Commodity Exchange Act (CEA). The act was further superseded in 1974 by establishing the Commodity Futures Trading Commission. In 1982 the Commodity Futures Trading Commission created the National Futures Associati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trusler V
Trusler may refer to: * Trusler Sports Complex, located in Emporia, Kansas * Peter Trusler (born 1954), an Australian artist * Allan Trusler (born 1933), a former Australian rules footballer * Wally Trusler (1941–2008), a former Australian rules footballer * John Trusler (1735–1820), an English divine {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bushel
A bushel (abbreviation: bsh. or bu.) is an Imperial unit, imperial and United States customary units, US customary unit of volume, based upon an earlier measure of dry capacity. The old bushel was used mostly for agriculture, agricultural products, such as wheat: in modern usage, the volume is nominal, with bushels denoting a mass defined differently for each commodity. The name "bushel" is also used to translate similar units in other measurement systems. Name The word "bushel" as originally used for a container itself, and later a unit of measurement. The name comes from the Old French ' and ', meaning "little box".. It may further derive from Old French ', thus meaning "little butt (unit), butt". History The bushel is an intermediate value between the pound (mass), pound and ton or tun (unit), tun that was introduced to England following the Norman Conquest of England, Norman Conquest. Norman England, Norman Weights and Measures Acts (UK), statutes made the London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-Gold Futures Act Of 1864
The Anti-Gold Futures Act of 1864 () was the first instance of United States Federal regulation of derivatives. More formally titled "An Act to Prohibit Certain Sales of Gold and Foreign Exchange," the Act was passed by Congress on June 17, 1864. It was a response to Congressional perceptions that the low value the fiat currency greenbacks were then trading at relative to gold was as a result of a failure of the private market. The Act prohibited the trading of gold futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded *''Modern Trader'', formerly Futures, an American finance magazine Music * ''Futures' ..., and also criminalized the sale of foreign exchange more than ten days in the future. Congress's action was followed by a further sharp drop in the value of the greenbacks. Two weeks later Congress repealed the act. References {{reflist United States f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futures Contract
In finance, a futures contract (sometimes called futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The item transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price'' or ''delivery price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a Derivative (finance), derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the Long (finance), long position holder and the selling party is said to be the Short (finance), short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jasper N
Jasper, an aggregate of microgranular quartz and/or cryptocrystalline chalcedony and other mineral phases, is an opaque, impure variety of silica, usually red, yellow, brown or green in color; and rarely blue. The common red color is due to iron(III) inclusions. Jasper breaks with a smooth surface and is used for ornamentation or as a gemstone. It can be highly polished and is used for items such as vases, seals, and snuff boxes. The density of jasper is typically 2.5 to 2.9 g/cm3. Jaspillite is a banded-iron-formation rock that often has distinctive bands of jasper. Etymology and history The name means "spotted or speckled stone," and is derived via Old French (variant of Anglo-Norman ''jaspe'') and Afroasiatic language (cf. Hebrew language">Hebrew ' , Akkadian ''yashupu''). This Semitic etymology is believed to be unrelated to that of the English given name Persian origin, though the Persian word for the mineral jasper is also ''yashum'' ( :fa:یشم">ی� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
67th United States Congress
The 67th United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C., from March 4, 1921, to March 4, 1923, during the first two years of Warren Harding's presidency. The apportionment of seats in the House of Representatives was based on the 1910 United States census. The Republicans increased their majorities in both chambers—gaining supermajority status in the House—and with Warren G. Harding being sworn in a president, this gave the Republicans an overall federal government trifecta for the first time since the 61st Congress in 1909. This was the first Congress to feature a woman senator appointed in the United States Senate, Rebecca L. Felton of Georgia, who held in office for one day. This remains the most recent congress in which Republicans held a two-thirds supermajority in the House of Representatives. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of Congress
An act of Congress is a statute enacted by the United States Congress. Acts may apply only to individual entities (called Public and private bills, private laws), or to the general public (Public and private bills, public laws). For a Bill (law), bill to become an act, the text must pass through both houses with a majority, then be either signed into law by the president of the United States, be left unsigned for ten days (excluding Sundays) while Congress remains in session, or, if vetoed by the president, receive a congressional override from of both houses. Public law, private law, designation In the United States, acts of Congress are designated as either public laws, relating to the general public, or private laws, relating to specific institutions or individuals. Since 1957, all Acts of Congress have been designated as "Public Law X–Y" or "Private Law X–Y", where X is the number of the Congress and Y refers to the sequential order of the bill (when it was enacted). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
