Columbia Encyclopedia

Search results

500 results found

Bernanke, Ben Shalom

(Encyclopedia)Bernanke, Ben Shalom bĕrnăngkˈē [key], 1953–, U.S. economist and government official, b. Augusta, Ga.; grad. Harvard (B.A., 1975), Massachusetts Institute of Technology (Ph.D., 1979). He was a p...

Connecticut Reserve

(Encyclopedia)Connecticut Reserve: see Western Reserve. ...

Western Reserve

(Encyclopedia)Western Reserve, tract of land in NE Ohio, on the southern shore of Lake Erie, retained by Connecticut in 1786 when it ceded its claims to its western lands (see Northwest Territory). In 1792, Connect...

European Monetary System

(Encyclopedia)European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...

sweating system

(Encyclopedia)sweating system, method of exploiting labor by supplying materials to workers and paying by the piece (see piecework) for work done on those materials in the workers' homes or in small workshops (swea...

Greenspan, Alan

(Encyclopedia)Greenspan, Alan, 1926–, American economist, chairman of the Federal Reserve Board (1987–2006), b. New York City. Influenced by the philosophy of Ayn Rand, Greenspan is a strong supporter of the fr...

Federal Theatre

(Encyclopedia)Federal Theatre (1935–39), branch of the Work Projects Administration designed to provide employment for actors, directors, writers, and scene designers. As well as providing a nationwide audience w...

Volcker, Paul Adolph

(Encyclopedia)Volcker, Paul Adolph, 1927–2019, American economist, government official, and banker, b. Cape May, N.J. After working as an under secretary in the Treasury Department (1969–74) and as president of...

Consumer Financial Protection Bureau

(Encyclopedia)Consumer Financial Protection Bureau (CFPB), officially the Bureau of Consumer Financial Protection, independent U.S. government agency responsible for most of the federal oversight and enforcement of...

central bank

(Encyclopedia)central bank, financial institution designed to regulate and control the money supply of a nation, with the goal of fostering economic growth without inflation. Although central banking systems have v...