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Schleswig, former duchy, Germany and Denmark

(Encyclopedia)Schleswig shlĕsˈvĭkh [key], Dan. Slesvig, former duchy, N Germany and S Denmark, occupying the southern part of Jutland. The Eider River separates it from Holstein. German Schleswig forms part of S...

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 ...

Moody, John

(Encyclopedia)Moody, John, 1868–1958, American financial writer, b. Jersey City, N.J. He was working in a Wall Street brokerage house in 1900 when he founded Moody's Manual of Railroads and Corporation Securities...

Churchill, Sir Winston Leonard Spencer, British statesman, soldier, and author

(Encyclopedia)Churchill, Sir Winston Leonard Spencer, 1874–1965, British statesman, soldier, and author; son of Lord Randolph Churchill. Churchill was undoubtedly one of the greatest public figures of the 20t...

Bayard, James Asheton, 1767–1815, U.S. Representative and Senator from Delaware

(Encyclopedia)Bayard, James Asheton bīˈərd [key], 1767–1815, U.S. representative (1797–1803) and senator (1805–13) from Delaware, b. Philadelphia. Admitted to the bar in 1787, he began practice at Wilmingt...

panic

(Encyclopedia)panic, crisis in financial and economic conditions, marked by public loss of confidence in the financial structure. Panics are characterized by a general rush of investors to convert their assets into...

Federal Deposit Insurance Corporation

(Encyclopedia)Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $250...

book lung

(Encyclopedia)book lung, terrestrial respiratory organ characteristic of arachnids such as scorpions and primitive spiders. Each book lung consists of hollow flat plates. Air bathes the outer surface of the plates ...

money

(Encyclopedia)money, term that refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely established as a mean...

Bacon, Robert

(Encyclopedia)Bacon, Robert, 1860–1919, American banker and government official, b. Jamaica Plain, Mass. He embarked upon a career in business and in 1894 accepted a partnership with J. P. Morgan and Company. He ...