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The Journal Of Commerce
''The Journal of Commerce'' is a biweekly magazine published in the United States that focuses on global trade topics. First published in 1827 in New York, it has a circulation of approximately 15,000. It provides editorial content to manage day-to-day international logistics and shipping needs, covering the areas of cargo and freight transportation, export and import, global transport logistics and trade, international supply chain management and US Customs regulations. 1800s In 1827, Arthur Tappan and Samuel Morse decided that New York needed another newspaper. The ''Journal of Commerce'' operated two deepwater schooners to intercept incoming vessels and get stories ahead of the competition. Following Morse's invention of the telegraph, the ''JoC'' was a founding member of the Associated Press, now the world's largest news-gathering organization. Publications in the 19th century took positions on political issues and were rarely concerned with being impartial. The ''JoC'' w ...
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Hudson Yards Redevelopment
Hudson Yards is a neighborhood on the West Side of Midtown Manhattan, bounded roughly by 30th Street in the south, 41st Street in the north, the West Side Highway in the west, and Eighth Avenue in the east.Chapter 11: Figures The area is the site of a large-scale redevelopment program that is being planned, funded, and constructed under a set of agreements among the State of New York, City of New York, and Metropolitan Transportation Authority (MTA), with the aim of expanding the Midtown Manhattan business district westward to the Hudson River. The program includes a major rezoning of the Far West Side, an extension of the New York City Subway's to a new 34th Street–Hudson Yards (IRT Flushing Line), subway station at 34th Street and Eleventh Avenue (Manhattan), 11th Avenue, a renovation and expansion of the Javits Center, and a financing plan to fund the various components. The various components are being planned by New York City Department of City Planning and New York ...
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Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ...
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William C
William is a male given name of Germanic origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of England in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will, Wills, Willy, Willie, Bill, and Billy. A common Irish form is Liam. Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie or the play ''Douglas''). Female forms are Willa, Willemina, Wilma and Wilhelmina. Etymology William is related to the given name ''Wilhelm'' (cf. Proto-Germanic ᚹᛁᛚᛃᚨᚺᛖᛚᛗᚨᛉ, ''*Wiljahelmaz'' > German ''Wilhelm'' and Old Norse ᚢᛁᛚᛋᛅᚼᛅᛚᛘᛅᛋ, ''Vilhjálmr''). By regular sound changes, the native, inherited English form of th ...
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San Francisco Earthquake
At 05:12 Pacific Standard Time on Wednesday, April 18, 1906, the coast of Northern California was struck by a major earthquake with an estimated moment magnitude of 7.9 and a maximum Mercalli intensity of XI (''Extreme''). High-intensity shaking was felt from Eureka on the North Coast to the Salinas Valley, an agricultural region to the south of the San Francisco Bay Area. Devastating fires soon broke out in San Francisco and lasted for several days. More than 3,000 people died, and over 80% of the city was destroyed. The events are remembered as one of the worst and deadliest earthquakes in the history of the United States. The death toll remains the greatest loss of life from a natural disaster in California's history and high on the lists of American disasters. Tectonic setting The San Andreas Fault is a continental transform fault that forms part of the tectonic boundary between the Pacific Plate and the North American Plate. The strike-slip fault is characterized by m ...
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Federal Reserve Act
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic of 1907 convinced many Americans of the need to establish a central banking system, which the country had lacked since the Bank War of the 1830s. After Democrats won unified control of Congress and the presidency in the 1912 elections, President Wilson, Congressman Carter Glass, and Senator Robert Latham Owen crafted a central banking bill that occupied a middle ground between the Aldrich Plan, which called for private control of the central banking system, and progressives like William Jennings Bryan, who favored government control over the central banking system. Wilson made the bill a top priority of his New Freedom domestic agenda, and he helped ensure that it passed both houses of Congress without major amendments. Later, Presi ...
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Carter Glass
Carter Glass (January 4, 1858 – May 28, 1946) was an American newspaper publisher and Democratic politician from Lynchburg, Virginia. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasury under President Woodrow Wilson. He played a major role in the establishment of the U.S. financial regulatory system, helping to establish the Federal Reserve System and the Federal Deposit Insurance Corporation. After working as a newspaper editor and publisher, Glass won election to the Senate of Virginia in 1899. He was a delegate to the Virginia Constitutional Convention of 1902, where he was an influential advocate for segregationist policies. Historian J. Douglas Smith described him as “the architect of disenfranchisement in the Old Dominion.” He also promoted progressive fiscal and regulatory reform but these contributions were often superficial since Glass generally opposed the most reformist aspects of federal legislati ...
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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 ...
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William Dodsworth (editor)
William Dodsworth (1827–1910) was a financial journalist and expert, and from 1893 to 1910 president and editor of the '' Journal of Commerce and Commercial Bulletin''. Life Dodsworth was born in England in 1827 and immigrated to the United States as a young man. Together with Newton F. Whiting he bought the ''Daily Commercial Bulletin'' in 1870, buying out his partner in 1881. He modernized the plant with linotype machine The Linotype machine ( ) is a "line casting" machine used in printing; manufactured and sold by the former Mergenthaler Linotype Company and related It was a hot metal typesetting system that cast lines of metal type for individual uses. Lin ...s and in 1893 acquired the ''Journal of Commerce'', consolidating the two papers under a joint title."William Dodsworth", '' Banking Law Journal'' 27 (1910), p. 191. As a recognised financial expert he was influential both on policy in Washington and on investment decisions on Wall Street. He died at his home i ...
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Linotype Machine
The Linotype machine ( ) is a "line casting" machine used in printing; manufactured and sold by the former Mergenthaler Linotype Company and related It was a hot metal typesetting system that cast lines of metal type for individual uses. Linotype became one of the mainstay methods to set type, especially small-size body text, for newspapers, magazines, and posters from the late 19th century to the 1970s and 1980s, when it was largely replaced by phototypesetting and digital typesetting. The name of the machine comes from the fact that it produces an entire line of metal type at once, hence a ''line-o'-type''. It was a significant improvement over the previous industry standard of manual, letter-by-letter typesetting using a composing stick and shallow subdivided trays, called "cases". The Linotype machine operator enters text on a 90-character keyboard. The machine assembles ''matrices'', which are molds for the letter forms, in a line. The assembled line is then cast ...
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Metropolitan Museum Of Art
The Metropolitan Museum of Art of New York City, colloquially "the Met", is the largest art museum in the Americas. Its permanent collection contains over two million works, divided among 17 curatorial departments. The main building at 1000 Fifth Avenue, along the Museum Mile on the eastern edge of Central Park on Manhattan's Upper East Side, is by area one of the world's largest art museums. The first portion of the approximately building was built in 1880. A much smaller second location, The Cloisters at Fort Tryon Park in Upper Manhattan, contains an extensive collection of art, architecture, and artifacts from medieval Europe. The Metropolitan Museum of Art was founded in 1870 with its mission to bring art and art education to the American people. The museum's permanent collection consists of works of art from classical antiquity and ancient Egypt, paintings, and sculptures from nearly all the European masters, and an extensive collection of American ...
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William Cowper Prime
William Cowper Prime (1825–1905) was an American journalist, art historian, numismatist, attorney, and travel writer. Early life William Prime was the younger brother of S. I. Prime and E. D. G. Prime, born at Cambridge, New York on October 31, 1825. He graduated Princeton in 1843 and delivered a poem at commencement. He was admitted to the New York Bar in 1846 and began to practice law in New York City. On May 1, 1851 he married Mary Trumbull of Stonington, Connecticut. Career During 1855 and 1856, Prime traveled in Europe, North Africa, and the Holy Land with his wife Mary, her brother James and his wife Sarah. He published ''Boat Life in Egypt and Nubia'' and ''Tent Life in the Holy Land'' based on his experiences there, which include his accounts of the Church of the Holy Sepulchre, the Dead Sea, and the port of Jaffa, among others. During their trip up the Nile river, his wife kept an extensive, detailed diary that was discovered, then published, in 1998 by Charle ...
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Civil War Gold Hoax
The Civil War Gold Hoax, also known as the Bogus Proclamation of 1864 was an 1864 unsuccessful financial hoax perpetrated during the American Civil War by American journalists Joseph Howard Jr. and Francis Mallison of the Brooklyn Eagle. Howard and Mallson hoped to exploit uncertainty about the ongoing war and trigger a sudden financial panic and profit from it. The conspirators bought gold on margin and then attempted to circulate a false proclamation from President Abraham Lincoln among New York newspapers, that called for a national day of prayer and humiliation and the conscription of 400,000 additional men into the Union army. Howard and Mallison hoped that this proclamation would lead investors to believe that the Lincoln administration thought the war was going poorly, and cause them to abandon the Union greenback currency and instead buy gold, driving up its price. With the price of gold artificially inflated, the conspirators could sell high and make a considerable a ...
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