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Alexander Campbell (Illinois Politician)
Alexander Campbell (October 4, 1814 – August 8, 1898) was an Illinois businessman, politician, and author. After serving in state and local office as a member of the Whig Party and the Republican Party, Campbell published a book titled ''The True American System of Finance'', becoming a leading figure in the Greenback movement. Campbell's work expanded on that of economist Edward Kellogg, who had advocated for fiat money. Campbell served a single term in the United States House of Representatives as an independent, and won the backing of several delegates for the presidential nomination at the 1876 and 1880 Greenback National Convention. Background Cambell was born on a farm near Concord, Franklin County, Pennsylvania. He attended the public schools; became a clerk in an iron works and was subsequently promoted to superintendent, became wealthy managing mines and steel mills in Pennsylvania, Kentucky, and Missouri until 1850, when he moved to LaSalle, Illinois and beca ...
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Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its south. Of the fifty U.S. states, Illinois has the List of U.S. states and territories by GDP, fifth-largest gross domestic product (GDP), the List of U.S. states and territories by population, sixth-largest population, and the List of U.S. states and territories by area, 25th-most land area. Its capital city is Springfield, Illinois, Springfield in the center of the state, and the state's largest city is Chicago in the northeast. Present-day Illinois was inhabited by Indigenous peoples of the Americas#History, Indigenous cultures for thousands of years. The French were the first Europeans to arrive, settling near the Mississippi and Illinois River, Illinois rivers in the 17th century Illinois Country, as part of their sprawling colony of ...
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Clerk
A clerk is a white-collar worker who conducts record keeping as well as general office tasks, or a worker who performs similar sales-related tasks in a retail environment. The responsibilities of clerical workers commonly include Records management, record keeping, filing, staffing service counters, screening callers, and other administrative tasks. In City of London Livery company, livery companies, the clerk is the chief executive officer. History and etymology The word ''clerk'' is derived from the Latin ''clericus'' meaning "cleric" or "clergyman", which is the Latinisation of names, latinisation of the Greek language, Greek ''κληρικός'' (''klērikos'') from a word meaning a "lot" (in the sense of drawing lots) and hence an "apportionment" or "area of land".Klerikos
Henry George Liddell, Robert S ...
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Illinois's 7th Congressional District
The 7th congressional district of Illinois covers parts of Cook County, Illinois, Cook County, as of the 2023 redistricting that followed the 2020 United States census, 2020 census. All or parts of Broadview, Illinois, Broadview, Bellwood, Illinois, Bellwood, Chicago, Forest Park, Illinois, Forest Park, Hillside, Illinois, Hillside, Oak Park, Illinois, Oak Park, La Grange Park, Illinois, La Grange Park, Maywood, Illinois, Maywood, and Westchester, Illinois, Westchester are included. Democratic Party (United States), Democrat Danny K. Davis has represented the district since January 1997. With a Cook Partisan Voting Index rating of D+36, it is the most Democratic district in Illinois. Due to reapportionment every ten years, the 7th district like other districts has relocated in Illinois throughout its history. In the mid-1800s, Abraham Lincoln represented the 7th district before being elected president, although his home now lies within Illinois's 13th congressional district and mo ...
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Forty-fourth Congress
The 44th United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1875, to March 4, 1877, during the seventh and eighth years of Ulysses S. Grant's presidency. The apportionment of seats in the House of Representatives was based on the 1870 United States census. For the first time since the American Civil War, the House had a Democratic majority. The Senate maintained a Republican majority. Major events * November 22, 1875: Vice President Henry Wilson died from a stroke * June 25, 1876: Custer's Last Stand at the Battle of Little Bighorn * July 4, 1876: United States Centennial * November 7, 1876: United States general elections, 1876, including the disputed Presidential election of 1876, later settled with the Compromise of 1877 which ended Reconstruction. Major legislation * January 29, 1877: Elec ...
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Independent (politics)
An independent politician or non-affiliated politician is a politician not affiliated with any political party or Bureaucracy, bureaucratic association. There are numerous reasons why someone may stand for office as an independent. Some politicians have political views that do not align with the platforms of any political party and therefore they choose not to affiliate with them. Some independent politicians may be associated with a party, perhaps as former members of it or else have views that align with it, but choose not to stand in its name, or are unable to do so because the party in question has selected another candidate. Others may belong to or support a political party at the national level but believe they should not formally represent it (and thus be subject to its policies) at another level. In some cases, a politician may be a member of an unregistered party and therefore officially recognised as an independent. Officeholders may become independents after losing or r ...
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Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." The means of production is as a "... series of heterogeneous commodities, each having specific technical characteristics ..." "capital goods", are one of the three types of intermediate goods used in the production process, the other two being land and labour. The three are also known collectively as "primary factors of production". This classification originated during the classical economics period and has remained the dominant method for classification. Capital can be increased by the use of a production process (see production function and factors of production). Outputs of the production process are normally classif ...
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Employment
Employment is a relationship between two party (law), parties Regulation, regulating the provision of paid Labour (human activity), labour services. Usually based on a employment contract, contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wage, wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuity, gratuities, bonus payments or employee stock option, stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by Labour law, employment laws, o ...
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United States Notes
A United States Note, also known as a Legal Tender Note, is a type of Banknote, paper money that was issued from 1862 to 1971 in the United States. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money other than the currently issued Federal Reserve Note. They were known popularly as "greenbacks", a name inherited from the earlier Greenback (1860s money), greenbacks, the Demand Notes, that they replaced in 1862. Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. During the early 1860s the so-called ''second obligation'' on the reverse of the notes stated: By the 1930s, this obligation would eventually be shortened to: They were originally issued directly into circulation by the United States Department of the Treasury, U.S. Treasury to pay expenses incurred by the Union (American Civil War), Union during the American Civil War. ...
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Currency
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. Th ...
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History Of Central Banking In The United States
History is the systematic study of the past, focusing primarily on the human past. As an academic discipline, it analyses and interprets evidence to construct narratives about what happened and explain why it happened. Some theorists categorize history as a social science, while others see it as part of the humanities or consider it a hybrid discipline. Similar debates surround the purpose of history—for example, whether its main aim is theoretical, to uncover the truth, or practical, to learn lessons from the past. In a more general sense, the term ''history'' refers not to an academic field but to the past itself, times in the past, or to individual texts about the past. Historical research relies on primary and secondary sources to reconstruct past events and validate interpretations. Source criticism is used to evaluate these sources, assessing their authenticity, content, and reliability. Historians strive to integrate the perspectives of several sources to devel ...
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Civil War (United States)
The American Civil War (April 12, 1861May 26, 1865; also known by other names) was a civil war in the United States between the Union ("the North") and the Confederacy ("the South"), which was formed in 1861 by states that had seceded from the Union. The central conflict leading to war was a dispute over whether slavery should be permitted to expand into the western territories, leading to more slave states, or be prohibited from doing so, which many believed would place slavery on a course of ultimate extinction. Decades of controversy over slavery came to a head when Abraham Lincoln, who opposed slavery's expansion, won the 1860 presidential election. Seven Southern slave states responded to Lincoln's victory by seceding from the United States and forming the Confederacy. The Confederacy seized U.S. forts and other federal assets within their borders. The war began on April 12, 1861, when the Confederacy bombarded Fort Sumter in South Carolina. A wave of enthusiasm f ...
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Constitutional Convention (political Meeting)
A constituent assembly (also known as a constitutional convention, constitutional congress, or constitutional assembly) is a body assembled for the purpose of drafting or revising a constitution. Members of a constituent assembly may be elected by popular vote, drawn by sortition, appointed, or some combination of these methods. Assemblies are typically considered distinct from a regular legislature, although members of the legislature may compose a significant number or all of its members. As the fundamental document constituting a state, a constitution cannot normally be modified or amended by the state's normal legislative procedures in some jurisdictions; instead a constitutional convention or a constituent assembly, the rules for which are normally laid down in the constitution, must be set up. A constituent assembly is usually set up for its specific purpose, which it carries out in a relatively short time, after which the assembly is dissolved. A constituent assembly is a ...
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