(Encyclopedia) international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common…
(Encyclopedia) devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the…
(Encyclopedia) X Prize Foundation, private, nonprofit prize institute est. 1995 by commercial space entrepreneur Peter Diamandis. Based in Santa Monica, Calif., and funded by foundations and private…
(Encyclopedia) Schuller, Robert Harold, 1926–2015, American Protestant minister and television evangelist, b. Alton, Iowa. Schuller gained attention (1955) when he used a drive-in theater to preach…
Source: FDIC Consumer News, Spring 1995. The value of the U.S. dollar has an impact on all our lives, not just those of us who travel abroad. So what does it mean when the dollar is “up” against…
(Encyclopedia) JáchymovJáchymovyäˈkhĭmôf [key], Ger. Joachimsthal, town, NW Czech Republic, in Bohemia, in the Erzgebirge [ore mountains]. The productivity of its uranium mines, once extensive, has…
A dollar for every president by Shmuel Ross Washington's dollar coin, the first to be released Photo Credit: U.S. Mint Side view of the presidential dollar…
Numbers Please: Economic DataThe Economist's ToolboxIntroductionNumbers Please: Economic DataWatch Out! In the business press, you will read economic data. Often these data are called economic…
(Encyclopedia) Hickel, Walter Joseph, 1919–2010, U.S. secretary of the interior (1969–70), b. Claflin, Kan. After moving to Alaska in 1940, he founded (1947) a construction company and built it into…
(Encyclopedia) Stevenson, Teófilo, 1952–2012, Cuban heavyweight boxer, b. Puerto Padre. One of the greatest amateur boxers ever to enter the ring, he won gold medals at the Munich (1972), Montreal (…
