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inflation

(Encyclopedia)inflation, in economics, persistent and relatively large increase in the general price level of goods and services. Its opposite is deflation, a process of generally declining prices. The U.S. Bureau ...

Vance, Cyrus Roberts

(Encyclopedia)Vance, Cyrus Roberts, 1917–2002, U.S. secretary of state (1977–80), b. Clarksburg, W.Va., grad. Yale (B.A., 1939, LL.B., 1942). After seeing action in the Navy during World War II, Vance practiced...

Wolfensohn, James David

(Encyclopedia)Wolfensohn, James David, 1933–2020, Australian-American investment banker and financial executive, b. Sydney. Wolfensohn worked for banking institutions in Australia, London, and New York City, even...

Eaton, Dorman Bridgman

(Encyclopedia)Eaton, Dorman Bridgman, 1823–99, American reformer, b. Hardwick, Vt. He was a law partner of William Kent in New York City. His major interests were reform in municipal administration and abolition ...

navigation satellite

(Encyclopedia)navigation satellite, artificial satellite designed expressly to aid the navigation of sea and air traffic. Early navigation satellites, from the Transit series launched in 1960 to the U.S. navy's Nav...

Merton, Robert Carhart

(Encyclopedia)Merton, Robert Carhart, 1944–, American economist, b. New York City, Ph.D. Massachusetts Institute of Technology, 1970. He has taught at MIT (1970–88, 2010–) and Harvard (1988–2010). Merton in...

Paulson, Henry Merritt, Jr.

(Encyclopedia)Paulson, Henry Merritt, Jr., 1946–, U.S. investment banker and government official, b. Palm Beach, Fla., grad. Harvard (M.B.A., 1970). After working as an assistant to the comptroller at the Pentago...

All-American Canal

(Encyclopedia)All-American Canal, 80 mi (129 km) long, SE Calif.; part of the federal irrigation system of the Hoover Dam. Built between 1934 and 1940 across the Colorado Desert, the canal is entirely within the Un...

Sierra Madre, mountain system, Mexico

(Encyclopedia)Sierra Madre dĕl so͝orˈ [key] is a tumbled, broken mass of uptilted mountains that touch the Pacific coast but form into no clearly defined range. It spreads over S Mexico between the volcanic belt...

New York State Canal System

(Encyclopedia)New York State Canal System, waterway system, 524 mi (843 km) long, traversing New York state and connecting the Great Lakes with the Finger Lakes, the Hudson River, and Lake Champlain. The waterway, ...