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balance of payments

(Encyclopedia)balance of payments, balance between all payments out of a country within a given period and all payments into the country, an outgrowth of the mercantilist theory of balance of trade. Balance of paym...

division of labor

(Encyclopedia)division of labor, in economics, the specialization of the functions and roles involved in production. Division of labor is closely tied with the standardization of production, the introduction and pe...

Montpellier, University of

(Encyclopedia)Montpellier, University of, at Montpellier, France; founded 1220 by Cardinal Conrad and confirmed by papal bull. The university was suppressed during the French Revolution and replaced by faculties of...

Riga, Treaty of

(Encyclopedia)Riga, Treaty of, either of two peace treaties signed at Riga, Latvia. By the Treaty of Riga of 1920, between the USSR and Latvia, the USSR recognized Latvian independence. The Treaty of Riga of 1921, ...

Dionysius of Halicarnassus

(Encyclopedia)Dionysius of Halicarnassus hălˌĭkärnăsˈəs [key], fl. late 1st cent. b.c., Greek rhetorician and historian. He taught at Rome and was one of the most celebrated of ancient critics. Among his ext...

Margaret of Austria

(Encyclopedia)Margaret of Austria, 1480–1530, Hapsburg princess, regent of the Netherlands; daughter of Emperor Maximilian I. She was betrothed (1483) to the dauphin of France, later King Charles VIII, and was tr...

Thomas of Erceldoune

(Encyclopedia)Thomas of Erceldoune ûrˈsəldo͞onˌ [key], fl. 1220?–1297?, Scottish seer and poet, also known as Thomas the Rhymer and Thomas Learmont. Evidence of his existence is founded on the mention of his...

League of Nations

(Encyclopedia)League of Nations, former international organization, established by the peace treaties that ended World War I. Like its successor, the United Nations, its purpose was the promotion of international p...

Maurice of Nassau

(Encyclopedia)Maurice of Nassau năsˈô [key], 1567–1625, prince of Orange (1618–25); son of William the Silent by Anne of Saxony. He became stadtholder of Holland and Zeeland after the assassination (1584) of...

balance of trade

(Encyclopedia)balance of trade, relation between the merchandise exports and imports of a country. The concept first became important in the 16th and 17th cent. with the growth of mercantilism. Mercantilist theoris...