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Necker, Jacques

(Encyclopedia)Necker, Jacques zhäk nĕkĕrˈ [key], 1732–1804, French financier and statesman, b. Geneva, Switzerland. In 1750 he went to Paris and entered banking. He rose rapidly to importance, established a b...

taxation

(Encyclopedia)taxation, system used by governments to obtain money from people and organizations. The revenue collected is used by the government to support itself and to provide public services. Aside from being r...

DeLay, Tom

(Encyclopedia)DeLay, Tom (Thomas Dale DeLay), 1947–, American politician, b. Laredo, Tex., grad. Univ. of Houston (B.S., 1970). A conservative Republican businessman, he entered politics (1979) as a Texas state l...

division of labor

(Encyclopedia)division of labor, in economics, the specialization of the functions and roles involved in production. Division of labor is closely tied with the standardization of production, the introduction and pe...

inclosure

(Encyclopedia)inclosure or enclosure, in British history, the process of inclosing (with fences, ditches, hedges, or other barriers) land formerly subject to common rights. Such land included fields cultivated by t...

Western European Union

(Encyclopedia)Western European Union (WEU), European security and defense organization. It was set up in Brussels in 1955 as a defensive, economic, social, and cultural organization, consisting of Belgium, France, ...

Perot, H. Ross

(Encyclopedia)Perot, H. Ross (Henry Ross Perot), 1930–2019, American business executive and political leader, b. Texarkana, Tex., as Henry Ray Perot, grad. Annapolis, 1953. In 1957 he resigned his naval commissio...

Knight, Frank Hyneman

(Encyclopedia)Knight, Frank Hyneman, 1885–1972, American economist, b. McLean County, Ill., Ph.D. Cornell, 1916. He taught economics at the Univ. of Chicago (1927–62). Knight's most influential work was his fir...

chlorofluorocarbons

(Encyclopedia)chlorofluorocarbons klōrˌəflo͝orˈəkärˌbənz, klôrˌ– [key] (CFCs), organic compounds that contain carbon, chlorine, and fluorine atoms. CFCs are highly effective refrigerants that were deve...

Thatcher, Margaret Hilda Roberts Thatcher, Baroness

(Encyclopedia)Thatcher, Margaret Hilda Roberts Thatcher, Baroness, 1925–2013, British political leader. Great Britain's first woman prime minister, nicknamed the “Iron Lady” for her uncompromising political s...