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Goldsmith Banker
A goldsmith banker was a business role that emerged in seventeenth century London from the London goldsmiths where they gradually expanded their services to include storage of wealth, providing loans, transferring money and providing bill of exchange, bills of exchange that would lead to the development of cheques. Some of the concepts were brought over from Amsterdam where goldsmiths would provide gold storage and issue chits that started to be used as a means of exchange. The goldsmith banker became a key development in the history of banking that would lead to modern banking. History Their emergence was gradual: exchanging goldsmiths, who dealt in coinage, started to become recognised as carrying out a different activity from a working goldsmith in the 1630s. Prior to that date banking in London was principally carried out by foreigners, generally Italians, Germans, and the Dutch. However this innovation led to an indigenous banking tradition. The seizure of bullion held on sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
England
England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It shares Anglo-Scottish border, a land border with Scotland to the north and England–Wales border, another land border with Wales to the west, and is otherwise surrounded by the North Sea to the east, the English Channel to the south, the Celtic Sea to the south-west, and the Irish Sea to the west. Continental Europe lies to the south-east, and Ireland to the west. At the 2021 United Kingdom census, 2021 census, the population was 56,490,048. London is both List of urban areas in the United Kingdom, the largest city and the Capital city, capital. The area now called England was first inhabited by modern humans during the Upper Paleolithic. It takes its name from the Angles (tribe), Angles, a Germanic peoples, Germanic tribe who settled du ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
17th Century In London
17 (seventeen) is the natural number following 16 and preceding 18. It is a prime number. 17 was described at MIT as "the least random number", according to the Jargon File. This is supposedly because, in a study where respondents were asked to choose a random number from 1 to 20, 17 was the most common choice. This study has been repeated a number of times. Mathematics 17 is a Leyland number and Leyland prime, using 2 & 3 (23 + 32) and using 4 and 5, using 3 & 4 (34 - 43). 17 is a Fermat prime. 17 is one of six lucky numbers of Euler. Since seventeen is a Fermat prime, regular heptadecagons can be constructed with a compass and unmarked ruler. This was proven by Carl Friedrich Gauss and ultimately led him to choose mathematics over philology for his studies. The minimum possible number of givens for a sudoku puzzle with a unique solution is 17. Geometric properties Two-dimensions *There are seventeen crystallographic space groups in two dimensions. These are s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Killigrew (1606–1695)
Biography Sir William Killigrew (1606–1695) of Kempton Park, Middlesex, was an English court official under Charles I and Charles II. He was the son of Sir Robert Killigrew (d. 1633/5) and Mary Woodhouse, of Kimberley, Norfolk, his wife. He was the elder brother to Thomas Killigrew. By his wife Mary, daughter of John Hill of Honilay, Warwickshire, he had three sons: Henry (d. 1661), William, a captain in the army, and Sir Robert. Their daughter Elizabeth (d. 1677) married Francis Clinton, 6th Earl of Lincoln with whom she had one child, Francis Clinton, who died in infancy. Killigrew was knighted in May 1626. He was elected MP for Newport and Penryn, Cornwall in March 1628, but only sat for the latter. In 1629, he and his father were jointly awarded the Governorship of Pendennis Castle. However, after some trouble, he resigned in favour of Sir Nicholas Slanning in April 1635. In 1634, he granted a 99-year lease of 6 shares of land () in Hamilton Tribe of Bermuda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of The Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the Cabinet of the United States, president's cabinet and, by law, a member of the United States National Security Council, National Security Council, and fifth in the U.S. presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the United States Senate Committee on Finance, Senate Committee on Finance, will take the office if confirmed by the majority of the full United States Senate. The United States Secretary of State, secretary of state, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir George Downing, 1st Baronet
Sir George Downing, 1st Baronet ( – 1684) was an Anglo-Irish people, Anglo-Irish diplomat and financial reformer, who held office first under the Commonwealth of England, then Charles II of England, Charles II. As Teller of the Receipt of the Exchequer, Teller of the Exchequer, he carried out major reforms in public finance, including securing passage of the Navigation Acts, intended to protect English maritime commerce, especially from the Dutch Republic. He played a significant role in acquiring History of New York City (1665–1783), New York City from the Dutch in 1665. Two New York streets are named after him, one in Greenwich Village and one in Brooklyn, as well as Downing Street, London. Personal details George Downing was born 1623 in Dublin, Kingdom of Ireland, Ireland, eldest son of Emmanuel Downing, and his second wife, Lucy Winthrop Downing, Lucy Winthrop, younger sister of John Winthrop, Governor of Massachusetts Bay Colony. His father was a barrister of the In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Reserve Banking
Fractional-reserve banking is the system of banking in all countries worldwide, under which banks that take deposits from the public keep only part of their deposit liabilities in liquid assets as a reserve, typically lending the remainder to borrowers. Bank reserves are held as cash in the bank or as balances in the bank's account at the central bank. Fractional-reserve banking differs from the hypothetical alternative model, full-reserve banking, in which banks would keep all depositor funds on hand as reserves. The country's central bank may determine a minimum amount that banks must hold in reserves, called the " reserve requirement" or "reserve ratio". Most commercial banks hold more than this minimum amount as excess reserves. Some countries, e.g. the core Anglosphere countries of the United States, the United Kingdom, Canada, Australia, and New Zealand, and the three Scandinavian countries, do not impose reserve requirements at all. Bank deposits are usually of a r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stuart Restoration
The Stuart Restoration was the reinstatement in May 1660 of the Stuart monarchy in Kingdom of England, England, Kingdom of Scotland, Scotland, and Kingdom of Ireland, Ireland. It replaced the Commonwealth of England, established in January 1649 after the execution of Charles I, with his son Charles II of England, Charles II. The Commonwealth of England had been governed by Lord Protector Oliver Cromwell and then his son Richard Cromwell. The term is also used to describe the reign of Charles II (1660–1685), and sometimes that of his younger brother King James II, James II (1685–1688). The Protectorate After Richard Cromwell, Lord Protector from 1658 to 1659, ceded power to the Rump Parliament, Charles Fleetwood and John Lambert (general), John Lambert then dominated government for a year. On 20 October 1659, George Monck, the governor of Scotland under the Cromwells, marched south with his army from Scotland to oppose Fleetwood and Lambert. Lambert's a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldsmith
A goldsmith is a Metalworking, metalworker who specializes in working with gold and other precious metals. Modern goldsmiths mainly specialize in jewelry-making but historically, they have also made cutlery, silverware, platter (dishware), platters, goblets, decorative and serviceable utensils, and ceremonial or religious items. Goldsmiths must be skilled in forming metal through file (tool), filing, brazing, soldering, sawing, forging, Casting (metalworking), casting, and polishing. The trade has very often included jewelry-making skills, as well as the very similar skills of the silversmith. Traditionally, these skills had been passed along through apprenticeships; more recently jewelry arts schools, specializing in teaching goldsmithing and a multitude of skills falling under the jewelry arts umbrella, are available. Many universities and junior colleges also offer goldsmithing, silversmithing, and metal arts fabrication as a part of their fine arts curriculum. Gold Compar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Civil War
The English Civil War or Great Rebellion was a series of civil wars and political machinations between Cavaliers, Royalists and Roundhead, Parliamentarians in the Kingdom of England from 1642 to 1651. Part of the wider 1639 to 1653 Wars of the Three Kingdoms, the struggle consisted of the First English Civil War and the Second English Civil War. The Anglo-Scottish war (1650–1652), Anglo-Scottish War of 1650 to 1652 is sometimes referred to as the ''Third English Civil War.'' While the conflicts in the three kingdoms of England, Kingdom of Scotland, Scotland and Kingdom of Ireland, Ireland had similarities, each had their own specific issues and objectives. The First English Civil War was fought primarily over the correct balance of power between Parliament of England, Parliament and Charles I of England, Charles I. It ended in June 1646 with Royalist defeat and the king in custody. However, victory exposed Parliamentarian divisions over the nature of the political settlemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles I Of England
Charles I (19 November 1600 – 30 January 1649) was King of Kingdom of England, England, Kingdom of Scotland, Scotland, and Kingdom of Ireland, Ireland from 27 March 1625 until Execution of Charles I, his execution in 1649. Charles was born into the House of Stuart as the second son of King James VI of Scotland, but after his father inherited the English throne in 1603, he moved to England, where he spent much of the rest of his life. He became heir apparent to the kingdoms of England, Scotland, and Ireland in 1612 upon the death of his elder brother, Henry Frederick, Prince of Wales. An unsuccessful and unpopular attempt to marry him to Infanta Maria Anna of Spain culminated in an eight-month visit to Habsburg Spain, Spain in 1623 that demonstrated the futility of the marriage negotiation. Two years later, shortly after his accession, he married Henrietta Maria of France. After his accession in 1625, Charles quarrelled with the English Parliament, which sought to curb his ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
