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Lee, William Henry Fitzhugh

(Encyclopedia)Lee, William Henry Fitzhugh, known as Rooney Lee, 1837–91, Confederate cavalry general in the American Civil War, b. Arlington House, near Alexandria, Va.; son of Robert E. Lee. He entered Harvard i...

Enron Corporation

(Encyclopedia)Enron Corporation, U.S. company that in 2001 became the largest bankruptcy and stock collapse in U.S. history up to that time. The company was formed in 1985 when InterNorth purchased Houston Natural ...

New Deal

(Encyclopedia)New Deal, in U.S. history, term for the domestic reform program of the administration of Franklin Delano Roosevelt; it was first used by Roosevelt in his speech accepting the Democratic party nominati...

commodity market

(Encyclopedia)commodity market, organized traders' exchange in which standardized, graded products are bought and sold. Worldwide, there are more than 20 major commodity exchanges and many smaller ones that trade c...

utility, public

(Encyclopedia)utility, public, industry required by law to render adequate service in its field at reasonable prices to all who apply for it. Public utilities frequently operate as monopolies in their market. In th...

bourse

(Encyclopedia)bourse bo͝ors [key], term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. The Paris bourse, dating from 1720 but completely reorganiz...

money-market fund

(Encyclopedia)money-market fund, type of mutual fund that invests in high-yielding, short-term money-market instruments, such as U.S. government securities, commercial paper, and certificates of deposit. Returns of...

Federal Home Loan Mortgage Corporation

(Encyclopedia)Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, government-sponsored enterprise that uses private capital to buy home mortgages as a means to help lower housing costs. A sister ...

W and Z particles

(Encyclopedia)W and Z particles, elementary particles that mediate, or carry, the fundamental force associated with weak interactions. The discovery of the W and Z particles at CERN near Geneva, Switzerland, in the...

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