(HISTORY OF IRAN) More accurately known as Reza Shah; founder of the Pahlavi Dynasty (1925-1979), shah (emperor) of Iran from 1925 to his ouster in 1942 (by invading British and Russian armies).
Born, 1878; died, 1944. Originally in the regular Iranian Army, when the Iranian monarchy was bankrupted he contracted out to command a cossack division for the Anglo Persian Oil Company (British Petroleum). As a result, he actually had a lot of money and was able to become the prime minister (1922), and then depose the old Dynasty, the Qejars.
As Shah, he promised to revise the hated concession to Anglo Iranian Oil Company, but they managed to stall and thwart him with the help of the International Court of Justice. As a result, he turned to the Axis Powers. When World War II broke out, he offered some help to the Germans and Italians, so the British invaded and replaced him with his son, Shah Muhammad Reza.
Born, 1878; died, 1944. Originally in the regular Iranian Army, when the Iranian monarchy was bankrupted he contracted out to command a cossack division for the Anglo Persian Oil Company (British Petroleum). As a result, he actually had a lot of money and was able to become the prime minister (1922), and then depose the old Dynasty, the Qejars.
As Shah, he promised to revise the hated concession to Anglo Iranian Oil Company, but they managed to stall and thwart him with the help of the International Court of Justice. As a result, he turned to the Axis Powers. When World War II broke out, he offered some help to the Germans and Italians, so the British invaded and replaced him with his son, Shah Muhammad Reza.
Shah Reza Pahlavi is often compared with Ataturk, a contemporaneous dictator of Turkey. However, Reza Shah was much more reliant on a cooperative clergy than Ataturk was.
by Abu Yahya July 17, 2010
Get the Shah Rezamug. New York Stock Exchange. The US-half of NYSE Euronext.
NYSE has been a publicly traded company since 2005; at the time of its initial public offering, it merged with Euronext and ArcaEX.
While average daily trading volume on the NYSE is typically between 3 million and 7 million shares, only about 40% of this actually trades in the iconic Wall Street building. The rest trades remotely in regional exchanges.
NYSE has been a publicly traded company since 2005; at the time of its initial public offering, it merged with Euronext and ArcaEX.
While average daily trading volume on the NYSE is typically between 3 million and 7 million shares, only about 40% of this actually trades in the iconic Wall Street building. The rest trades remotely in regional exchanges.
by Abu Yahya September 28, 2010
Get the NYSEmug. phenomenon in which greater input of effort, money, etc. yields smaller results. Crucial part of the idea is that if you're using x to get y results (where y is the thing you want). then additional input a will yield additional results b, but not in the same proportion as before.
On average, before, you put in x to get y, so your yield was y/x. But if you increase x by amount a, then your results will be y + b, where
(y + b)/(x + a) < y/x
and this will only get worse.
Diminishing marginal returns (DMR) is used to explain why the supply curve in economics slopes upward, i.e., increasing the quantity supplied requires an increased price of most things.
Sometimes DMR is more than offset by "economies of scale," which allows more of a thing to be supplied more cheaply than a small amount.
On average, before, you put in x to get y, so your yield was y/x. But if you increase x by amount a, then your results will be y + b, where
(y + b)/(x + a) < y/x
and this will only get worse.
Diminishing marginal returns (DMR) is used to explain why the supply curve in economics slopes upward, i.e., increasing the quantity supplied requires an increased price of most things.
Sometimes DMR is more than offset by "economies of scale," which allows more of a thing to be supplied more cheaply than a small amount.
At first his flowers and treats swept her off her feet, but then he had to do more and more lavish things to please her. It was a classic case of diminishing marginal returns.
by Abu Yahya June 3, 2009
Get the diminishing marginal returnsmug. (US HISTORY) National Labor Relations Act (Wagner Act); 1935 law that permitted most US workers to form labor unions. It created the National Labor Relations Board to enforce this right. Named for Sen. Robert F. Wagner (D-NY).
The NLRB conducts secret-ballot elections to determine whether employees want union representation and also investigates unlawful labor practices by employers and unions. The act guarantees employees the right to organize, choose representatives, and bargain collectively. The NLRB regulates all employers involved in interstate commerce other than transport, agriculture, and government.
The NLRB conducts secret-ballot elections to determine whether employees want union representation and also investigates unlawful labor practices by employers and unions. The act guarantees employees the right to organize, choose representatives, and bargain collectively. The NLRB regulates all employers involved in interstate commerce other than transport, agriculture, and government.
by Abu Yahya April 5, 2010
Get the NLRAmug. (MATHEMATICS) each positive number has another number that, when multiplied times itself, equals that number. So, for example, 4 has a square root of 2 (2 x 2 = 4).
The square root of a negative number is an imaginary number. Imaginary numbers are not, by themselves, useful solutions to math problems; but they can be used to find them.
The square root of a negative number is an imaginary number. Imaginary numbers are not, by themselves, useful solutions to math problems; but they can be used to find them.
BILL: Anna, we have a rectangle that's 3 x as long as it is wide, and it encloses an area of 300 square meters. What are the dimensions?
ANNA: Well, that's like 3 squares of 100 square meters. The square root of 100 is 10, so the rectangle is 10 by 30.
_________________________________________
The logarithm of a square root is one half the log of the number itself; hence, the natural log of 25 is 3.2189, while the natural log of 5 is 1.6094.
ANNA: Well, that's like 3 squares of 100 square meters. The square root of 100 is 10, so the rectangle is 10 by 30.
_________________________________________
The logarithm of a square root is one half the log of the number itself; hence, the natural log of 25 is 3.2189, while the natural log of 5 is 1.6094.
by Abu Yahya April 23, 2010
Get the square rootmug. *noun*; term coined by Adam Smith (1723-1790) to refer to things used to produce other things. Usually people refer to four factors of production:
1.labor (not the same thing as workers); a worker can work more or less hours per week, and can exchange her labor for payment
2. capital; includes tools, machinery, plants and fixtures, seed corn, etc. Adam Smith distinguished between inventories, which he called circulating capital, and tools, which he called fixed capital;
3. land; understood as a specific area on the earth's surface, but sometimes incorporates the natural productivity or mineral resources as well;
4. entrepreneurship; sometimes lumped with capital. Includes the combination of skills required to start a business.
1.labor (not the same thing as workers); a worker can work more or less hours per week, and can exchange her labor for payment
2. capital; includes tools, machinery, plants and fixtures, seed corn, etc. Adam Smith distinguished between inventories, which he called circulating capital, and tools, which he called fixed capital;
3. land; understood as a specific area on the earth's surface, but sometimes incorporates the natural productivity or mineral resources as well;
4. entrepreneurship; sometimes lumped with capital. Includes the combination of skills required to start a business.
Different economic systems vary in their view of who should own the factors of production. In capitalism, this would be private individuals; in communism, it would be a collective. In the Marxist transition to communism, it would be the state.
by Abu Yahya March 3, 2009
Get the factors of productionmug. (ECONOMICS) method of transferring wealth from a buyer to a seller, usually over long distances and under different currency systems. Requires the buyer to have an account with a banker in the other city; the buyer sends a note ordering his banker to credit the seller's account by the amount being paid.
Bills of exchange were adopted in 13th century Italy; almost as soon as they became common, traders began to use them as a speculative instrument (discounting bad ones and reselling them) or else as a sleazy method of borrowing money (by "drawing and redrawing," i.e., where two merchants in different towns agree to exchange bills of exchange with each other). "Drawing and redrawing" is analogous to the method used by college students on the 1980's of writing checks to each other every couple of days and depositing them in ATM's so their checking accounts wouldn't bounce.
Bills of exchange were adopted in 13th century Italy; almost as soon as they became common, traders began to use them as a speculative instrument (discounting bad ones and reselling them) or else as a sleazy method of borrowing money (by "drawing and redrawing," i.e., where two merchants in different towns agree to exchange bills of exchange with each other). "Drawing and redrawing" is analogous to the method used by college students on the 1980's of writing checks to each other every couple of days and depositing them in ATM's so their checking accounts wouldn't bounce.
A bill of exchange is a type of "negotiable instrument" (contractual form of money).
A modern form of bill would be a check.
A modern form of bill would be a check.
by Abu Yahya September 7, 2010
Get the bill of exchangemug.