(Encyclopedia) economic planning, control and direction of economic activity by a central public authority. In its modern usage, economic planning tends to be pitted against the laissez-faire…
(Encyclopedia) hotel [Fr., from O.Fr. (origin of Eng. hostel), from Latin (origin of Eng. hospital),=guest place], name applied since the late 17th cent. to an establishment supplying both food and…
(Encyclopedia) Galbraith, John KennethGalbraith, John Kennethgălˈbrāth [key], 1908–2006, American economist and public official, b. Ontario, Canada, grad. Univ. of Toronto (B.S., 1931), Univ. of…
(Encyclopedia) meatpacking or meat-processing, wholesale business of buying and slaughtering animals and then processing and distributing their carcasses to retailers. The livestock industry is among…
(Encyclopedia) Carnegie, AndrewCarnegie, Andrewkärnĕgˈē, kärˈnəgē [key], 1835–1919, American industrialist and philanthropist, b. Dunfermline, Scotland. His father, a weaver, found it increasingly…
(Encyclopedia) South Sea Bubble, popular name in England for the speculation in the South Sea Company, which failed disastrously in 1720. The company was formed in 1711 by Robert Harley, who needed…
(Encyclopedia) Baldwin, James, 1924–87, American author, b. New York City. He spent an impoverished boyhood in Harlem, became a Pentecostal preacher at 14, and left the church three years later. He…
(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.…
