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futures market

(Encyclopedia)futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers ...

Charles III, king of Spain, and of Naples and Sicily

(Encyclopedia)Charles III, 1716–88, king of Spain (1759–88) and of Naples and Sicily (1735–59), son of Philip V and Elizabeth Farnese. Recognized as duke of Parma and Piacenza in 1731, he relinquished the duc...

black market

(Encyclopedia)black market, the selling or buying of commodities at prices above the legal ceiling or beyond the amount allotted to a customer in countries that have placed restrictions on sales and prices. Such tr...

Federal Reserve System

(Encyclopedia)Federal Reserve System, central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly ...

Zinsser, Hans

(Encyclopedia)Zinsser, Hans zĭnsˈər [key], 1878–1940, American bacteriologist, b. New York City, grad. Columbia (B.A., 1899; M.D., 1903). He was professor of bacteriology at Stanford (1911–13), Columbia (191...

Maximilian I, 1459–1519, Holy Roman emperor and German king

(Encyclopedia)Maximilian I, 1459–1519, Holy Roman emperor and German king (1493–1519), son and successor of Holy Roman Emperor Frederick III. As emperor, he aspired to restore forceful imperial leadership and i...

Haddington

(Encyclopedia)Haddington, town, East Lothian, SE Scotland. It has a large corn exchange. Farm machinery and textiles are manufactured, flour is milled, and grain is m...

Bryn Mawr College

(Encyclopedia)Bryn Mawr College, at Bryn Mawr, Pa; undergraduate for women, graduate coeducational; opened 1885 by the Society of Friends, with a bequest from Joseph W. Taylor of Burlington, N.J. Modeled on a group...

Rothschild, Nathan Meyer

(Encyclopedia)Rothschild, Nathan Meyer, 1777–1836, British banker, b. Frankfurt, Germany; of the famous Rothschild family. He went to England in 1797, was naturalized in 1804, and opened a business house in Londo...

draft, in banking

(Encyclopedia)draft, in banking, order by one party to another party to pay a stated sum to the person or firm in whose favor the draft is made. It is similar in form to the ordinary bank check. Often the drawer an...