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Moody, John

(Encyclopedia)Moody, John, 1868–1958, American financial writer, b. Jersey City, N.J. He was working in a Wall Street brokerage house in 1900 when he founded Moody's Manual of Railroads and Corporation Securities...

panic

(Encyclopedia)panic, crisis in financial and economic conditions, marked by public loss of confidence in the financial structure. Panics are characterized by a general rush of investors to convert their assets into...

Federal Deposit Insurance Corporation

(Encyclopedia)Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $250...

book lung

(Encyclopedia)book lung, terrestrial respiratory organ characteristic of arachnids such as scorpions and primitive spiders. Each book lung consists of hollow flat plates. Air bathes the outer surface of the plates ...

money

(Encyclopedia)money, term that refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely established as a mean...

Bacon, Robert

(Encyclopedia)Bacon, Robert, 1860–1919, American banker and government official, b. Jamaica Plain, Mass. He embarked upon a career in business and in 1894 accepted a partnership with J. P. Morgan and Company. He ...

barter

(Encyclopedia)barter: see exchange.

demonetization

(Encyclopedia)demonetization dēˌmŏnˌətəzāˈshən [key], governmental withdrawal of the monetary quality from particular coinage or precious metal. By demonetization former money is no longer legal tender, al...

shell money

(Encyclopedia)shell money, medium of exchange consisting of shells, the most widely distributed type of ancient currency. Shells are particularly useful as money because they may be strung in long strips of proport...

Secret Service, United States

(Encyclopedia)Secret Service, United States, a law enforcement division (since 2003) of the Dept. of Homeland Security. It was established in 1865 in the the Dept. of the Treasury to investigate and prevent counter...