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Bit Confused?

Just what is Bitcoin and why is it getting so much attention?   Related Links Economy 101 Business Basics Quiz Personal Finance Nobel Prize for Economics   Bitcoin has become a hot, controversial…

Franklin D. Roosevelt's First Fireside Chat

Given on Sunday, March 12, 1933 I want to talk for a few minutes with the people of the United States about banking—with the comparatively few who understand the mechanics of banking but more…

McCulloch v. Maryland

(Encyclopedia) McCulloch v. Maryland, case decided in 1819 by the U.S. Supreme Court, dealing specifically with the constitutionality of a Congress-chartered corporation, and more generally with the…

Mobutu Sese Seko

(Encyclopedia) Mobutu Sese SekoMobutu Sese Sekomōb&oomacr;ˈtō sāˈsā sāˈkō [key], 1930–97, president of Zaïre (now the Democratic Republic of the Congo). Born Joseph Désiré Mobutu, he returned…

Wang Mang

(Encyclopedia) Wang MangWang Mangwäng mäng [key], 45 b.c.–a.d. 23, Chinese Han dynasty regent who usurped the throne and ruled (a.d. 8–23) as emperor of the Hsin [new] court, carrying out many…

Biddle, Nicholas, American financier

(Encyclopedia) Biddle, Nicholas, 1786–1844, American financier, b. Philadelphia. After holding important posts in the American legations in France and England, he returned to the United States in…

bimetallism

(Encyclopedia) bimetallismbimetallismbīmĕtˈəlĭzˌəm [key], in economic history, monetary system in which two commodities, usually gold and silver, were used as a standard and coined without limit at a…

Tillman, Benjamin Ryan

(Encyclopedia) Tillman, Benjamin Ryan, 1847–1918, U.S. Senator from South Carolina (1895–1918), b. Edgefield co., S.C. A farmer, he became the leader of the backcountry whites in South Carolina and…

Social Credit

(Encyclopedia) Social Credit, economic plan in Canada, based on the theories of Clifford Hugh Douglas. The central idea is that the problems fundamental to economic depression are those of unequal…

Special Drawing Rights

(Encyclopedia) Special Drawing Rights (SDRs), type of international monetary reserve currency established (1968) by the International Monetary Fund (IMF). Created in response to worries concerning…