1.
Money
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The main functions of money are distinguished as, a medium of exchange, a unit of account, a store of value, and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money, Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender, the money supply of a country consists of currency and, depending on the particular definition used, one or more types of bank money. Bank money, which consists only of records, forms by far the largest part of money in developed countries. The word money is believed to originate from a temple of Juno, in the ancient world Juno was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located, the name Juno may derive from the Etruscan goddess Uni and Moneta either from the Latin word monere or the Greek word moneres. In the Western world, a prevalent term for coin-money has been specie, stemming from Latin in specie, meaning in kind. The use of methods may date back to at least 100,000 years ago. Instead, non-monetary societies operated largely along the principles of gift economy, when barter did in fact occur, it was usually between either complete strangers or potential enemies. Many cultures around the world eventually developed the use of commodity money, the Mesopotamian shekel was a unit of weight, and relied on the mass of something like 160 grains of barley. The first usage of the came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia used shell money – often, according to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by scholars that these first stamped coins were minted around 650–600 BC. The system of commodity money eventually evolved into a system of representative money and this occurred because gold and silver merchants or banks would issue receipts to their depositors – redeemable for the commodity money deposited. Eventually, these became generally accepted as a means of payment and were used as money. Paper money or banknotes were first used in China during the Song Dynasty and these banknotes, known as jiaozi, evolved from promissory notes that had been used since the 7th century. However, they did not displace commodity money, and were used alongside coins, in the 13th century, paper money became known in Europe through the accounts of travelers, such as Marco Polo and William of Rubruck
2.
Property
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In the abstract, property is that which belongs to or with something, whether as an attribute or as a component of said thing. In economics and political economy, there are three forms of property, private property, public property, and collective property. Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each partys will with regard to the property be clearly defined and unconditional, so as to distinguish ownership and this mediating relationship between individual, property and state is called a property regime. The distinction between property and private property is regarded as a confusion since different individuals often hold differing rights over a single object. An article of property may have physical and incorporeal parts, a title, or a right of ownership, establishes the relation between the property and other persons, assuring the owner the right to dispose of the property as the owner sees fit. Often property is defined by the code of the sovereignty, and protected wholly or more usually partially by such entity. The standards of proof concerning proofs of ownerships are also addressed by the code of the local sovereignty, some philosophers assert that property rights arise from social convention, while others find justifications for them in morality or in natural law. Property, in the first instance, is a thing-in-itself, when a person finds a thing and takes that thing into that persons possession and control, then that thing becomes a thing-for-you for that person. Generally, the ground and any buildings which are attached are considered real property, while movable goods. Also, property cannot be considered a concept, because in the first instance. Various scholarly disciplines may treat the concept more systematically, but definitions vary, positive law defines such rights, and the judiciary can adjudicate and enforce property rights. According to Adam Smith, the expectation of profit from improving ones stock of capital rests on private property rights, Capitalism has as a central assumption that property rights encourage their holders to develop the property, generate wealth, and efficiently allocate resources based on the operation of markets. From this has evolved the modern conception of property as a right enforced by law, in the expectation that this will produce more wealth. In his text The Common Law, Oliver Wendell Holmes describes property as having two fundamental aspects, the first, possession, can be defined as control over a resource based on the practical inability of another to contradict the ends of the possessor. The second, title, is the expectation that others will recognize rights to control resource and he elaborates the differences between these two concepts, and proposes a history of how they came to be attached to persons, as opposed to families or to entities such as the church. Classical liberalism subscribes to the theory of property. They hold that each own their own life, it follows that one must own the products of that life
3.
Nonprofit organization
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A nonprofit organization is an organization whose purpose is something other than making a profit. A nonprofit organization is dedicated to furthering a particular social cause or advocating for a particular point of view. This is known as the non-distribution constraint, the decision to adopt a nonprofit legal structure is one that will often have taxation implications, particularly where the nonprofit seeks income tax exemption, charitable status and so on. The terms nonprofit and not-for-profit are not consistently differentiated across jurisdictions, in laymans terms they are usually equivalent in concept, although in various jurisdictions there are accounting and legal differences. The nonprofit landscape is varied, although many people have come to associate NPOs with charitable organizations. Although charities do make up an often high-profile or visible aspect of the sector, overall, they tend to be either member-serving or community-serving. e. It could be argued many nonprofits sit across both camps, at least in terms of the impact they make. For example, the support group that provides a lifeline to those with a particular condition or disease could be deemed to be serving its members. Many NPOs use the model of a bottom line in that furthering their cause is more important than making a profit. Although NPOs are permitted to generate revenues, they must be retained by the organization for its self-preservation, expansion. NPOs have controlling members or a board of directors, many have paid staff including management, whereas others employ unpaid volunteers and executives who work with or without compensation. In some countries, where there is a fee, in general. The extent to which an NPO can generate surplus revenues may be constrained or use of surplus revenues may be restricted. Some NPOs may also be a charity or service organization, they may be organized as a corporation or as a trust. Their goal is not to be successful in terms of wealth, NPOs have a wide diversity of structures and purposes. Some of the above must be expressed in the charter of establishment or constitution. Others may be provided by the authority at each particular jurisdiction. While affiliations will not affect a legal status, they may be taken into consideration by legal proceedings as an indication of purpose, most countries have laws that regulate the establishment and management of NPOs and that require compliance with corporate governance regimes
4.
Principal (finance)
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In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include municipal bonds and corporate bonds, interest is usually payable at fixed intervals. Very often the bond is negotiable, that is, the ownership of the instrument can be transferred in the secondary market and this means that once the transfer agents at the bank medallion stamp the bond, it is highly liquid on the second market. Thus, a bond is a form of loan or IOU, the holder of the bond is the lender, the issuer of the bond is the borrower, and the coupon is the interest. Bonds provide the borrower with funds to finance long-term investments, or, in the case of government bonds. Certificates of deposit or short term commercial paper are considered to be money market instruments and not bonds, the main difference is in the length of the term of the instrument. Bonds and stocks are both securities, but the difference between the two is that stockholders have an equity stake in the company, whereas bondholders have a creditor stake in the company. Being a creditor, bondholders have priority over stockholders and this means they will be repaid in advance of stockholders, but will rank behind secured creditors in the event of bankruptcy. Another difference is that usually have a defined term, or maturity, after which the bond is redeemed. An exception is a bond, such as a consol, which is a perpetuity, that is. Bonds are issued by authorities, credit institutions, companies. The most common process for issuing bonds is through underwriting, when a bond issue is underwritten, one or more securities firms or banks, forming a syndicate, buy the entire issue of bonds from the issuer and re-sell them to investors. The security firm takes the risk of being unable to sell on the issue to end investors. Primary issuance is arranged by bookrunners who arrange the bond issue, have contact with investors and act as advisers to the bond issuer in terms of timing. The bookrunner is listed first among all participating in the issuance in the tombstone ads commonly used to announce bonds to the public. The bookrunners willingness to underwrite must be discussed prior to any decision on the terms of the issue as there may be limited demand for the bonds. In contrast, government bonds are issued in an auction. In some cases, both members of the public and banks may bid for bonds, in other cases, only market makers may bid for bonds
5.
Donation
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A donation is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause. A donation may take various forms, including cash offering, services, new or used goods including clothing, toys, food, and vehicles. It also may consist of emergency, relief or humanitarian aid items, development aid support, Charitable gifts of goods or services are also called gifts in kind. Charity Navigator writes that, according to Giving USA, Americans gave $298 billion in 2011, the majority of donations were from individuals, then from bequests, foundations and less than 1% from corporations. The largest sector to receive donations was religious organizations, then education, Giving has increased in 3 out of 4 years since 1971. Blackbaud reports that, in the US, online giving in 2012 grew 11% on a year-over-year basis, the percentage of total fundraising that comes from online giving was about 7% in 2012. This was an increase from 6% in 2011 and is nearing the level of 8% from 2010 when online giving spiked in response to Haitian earthquake relief efforts. Steve MacLaughlin notes in the report that the Internet has now become the channel of choice for donors during disasters. Blackbauds 2015 Charitable Giving report revealed a 9% increase in online giving compared to 2014, in addition, online giving represented 7% of overall fundraising, with 14% of online donations made on mobile devices. Donations made on the international online giving day #GivingTuesday were up 52% from the previous year, donations are given without return consideration. This lack of return consideration means that, in common law, only when the donation is actually made does it acquire legal status as a transfer or property. In politics, the law of some countries may prohibit or restrict the extent to which politicians may accept gifts or donations of large sums of money, donations of money or property to qualifying charitable organizations are also usually tax deductible. Because this reduces the tax income, calls have been raised that the state should pay more attention towards ensuring that charities actually use this tax money in suitable ways. There have been discussions on whether also a donation of time should be tax deductible, the person or institution giving a gift is called the donor, and the person or institution getting the gift is called the donee. It is possible to donate in the name of a third party, memorial donations are also sometimes given by people if they are unable to attend the ceremony. Collaborative Consumption Audience effect Charitable contribution Crowdfunding & Humanitarian Crowdfunding Donation Gift economy Micro-donations Philanthropy Money-free economy Effective altruism
6.
Charitable organization
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A charitable organization is a type of non-profit organization. It differs from types of NPOs in that it centers on philanthropic goals as well as social well-being. The legal definition of charitable organization varies according to the country, the regulation, tax treatment, and the way in which charity law affects charitable organizations also varies. Financial figures are important indicators to assess the sustainability of a charity. This information can impact a charitys reputation with donors and societies, and thus, Charitable organizations often depend partly on donations from for-profit-organizations. Such donations to charitable organizations represent a form of corporate philanthropy. Until the mid-18th century, charity was mainly distributed through parish relief, churches, almshouses, Charities were also responsible for education, health, housing and even prisons. It was in the Enlightenment era that charitable and philanthropic activity among voluntary associations, societies, gentlemans clubs, and mutual associations began to flourish in England and the upper-classes increasingly adopted a philanthropic attitude toward the disadvantaged. This new social activism was channeled into the establishment of charitable organizations and this emerging upper-class fashion for benevolence resulted in the incorporation of the first charitable organizations. This was the first such charity in the world and served as the precedent for incorporated associational charities everywhere. Jonas Hanway, another notable philanthropist of the era established The Marine Society in 1756 as the first seafarers charity, by 1763, the Society had recruited over 10,000 men and it was incorporated by an Act of Parliament in 1772. Hanway was also instrumental in establishing the Magdalen Hospital to rehabilitate prostitutes and these organizations were funded by subscription and run as voluntary associations. Charities also began to adopt campaigning roles, where they would champion a cause, the process was however a lengthy one being finally concluded when Saudi Arabia abolished slavery in 1962. This period also saw growing philosophical debate between those who championed state intervention and those who believed that private charities should provide welfare, thomas Malthus, the political economist, criticized poor relief for paupers on economic and moral grounds and proposed leaving charity entirely to the private sector. His views were influential and informed the Victorian laissez-faire attitude toward state intervention for the poor. During the 19th century, a profusion of charitable organizations were set up to alleviate the conditions of the working class in the slums. The Labourers Friend Society, chaired by Lord Shaftesbury in the United Kingdom in 1830, was set up to working class conditions. This included the promotion of allotment of land to labourers for cottage husbandry that later became the allotment movement and this was one of the first housing associations, a philanthropic endeavour that flourished in the second half of the nineteenth century brought about by the growth of the middle class
7.
Private foundation
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A private foundation is a legal entity set up by an individual, a family or a group of individuals, for a purpose such as philanthropy or an object legal in the economic operation. The Bill & Melinda Gates Foundation is the largest private foundation in the U. S. with over $38 billion in assets, however, most private foundations are much smaller. Approximately two-thirds of the more than 84,000 foundations which file with the IRS, in 2008, have less than $1 million in assets, and 93% have less than $10 million in assets. In aggregate, private foundations in the U. S. control over $628 billion in assets, unlike a charitable foundation, a private foundation does not generally solicit funds from the public. And a private foundation does not have the requirements and reporting responsibilities of a registered. Not all foundations engage in philanthropy, some private foundations are used for planning purposes. One of the characteristics of the legal entities existing under the status of Foundations is a diversity of structures and purposes. Nevertheless, there are common structural elements that are the first observed under legal scrutiny or classification. Others may be provided by the authority at each particular jurisdiction. The following foundations are set up under common law legal systems, a private foundation, in the United States, is a charitable organization described in the Internal Revenue Code by section 509. A private foundation is necessarily a 501 exempt organization and it is defined by a negative definition, by what it is not. A private foundation is not a charity, as described in section 170 through. Neither is it a section 509 organization, nor a supporting organization, Private foundations are subject to 2% excise taxes found in section 4940 through 4945 of the internal revenue code. Once a charity becomes a foundation, it retains that status unless it follows the difficult termination rules of section 507. The following foundations are set up under civil law legal systems, in Canada the Canada Revenue Agency is a branch of the Canadian government which regulates all foundations. Under Canadian law, since 1967, a foundation is controlled by a single donor or family through a board that is made up of a majority of directors at non-arm’s length. It is a registered charity with the Canada Revenue Agency. A public foundation is governed by a board that is made up of a majority of directors at arm’s length, a private foundation is not allowed to engage in any business activity, but it can operate its own charitable program
8.
Trust law
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A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee, the trustee holds that property for the trusts beneficiaries. Trusts exist mainly in common law jurisdictions and similar systems existed since Roman times and this may be done for tax avoidance reasons or to control the property and its benefits if the settlor is absent, incapacitated, or deceased. Trusts are frequently created in wills, defining how money and property will be handled for children or other beneficiaries, the trustee is given legal title to the trust property, but is obligated to act for the good of the beneficiaries. The trustee may be compensated and have expenses reimbursed, but otherwise must turn over all profits from the trust properties, Trustees who violate this fiduciary duty are self-dealing. Courts can reverse self-dealing actions, order profits returned, and impose other sanctions, the trustee may be either an individual, a company, or a public body. There may be a trustee or multiple co-trustees. The trust is governed by the terms under which it was created, in most jurisdictions, this requires a contractual trust agreement or deed. A trust is created by a settlor, who transfers title to some or all of his or her property to a trustee, the trust is governed by the terms under which it was created. In most jurisdictions, this requires a contractual trust agreement or deed and it is possible for a single individual to assume the role of more than one of these parties, and for multiple individuals to share a single role. For example, in a living trust it is common for the grantor to be both a trustee and a beneficiary, while naming other contingent beneficiaries. Trusts have existed since Roman times and have one of the most important innovations in property law. Trust law has evolved through court rulings differently in different states, so statements in this article are generalizations, States are adapting the Uniform Trust Code to codify and harmonize their trust laws, but state-specific variations still remain. An owner placing property into trust turns over part of his or her bundle of rights to the trustee, separating the propertys legal ownership and control from its equitable ownership and benefits. This may be done for tax reasons or to control the property and its benefits if the settlor is absent, incapacitated, testamentary trusts may be created in wills, defining how money and property will be handled for children or other beneficiaries. While the trustee is given legal title to the trust property, in accepting the property title, the primary duties owed include the duty of loyalty, the duty of prudence, the duty of impartiality. A trustee may be held to a high standard of care in their dealings. In addition, a trustee has a duty to know, understand, the trustee may be compensated and have expenses reimbursed, but otherwise must turn over all profits from the trust properties
9.
College
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College is an educational institution or a constituent part of one. A college may be a tertiary educational institution, a part of a collegiate or federal university. In ancient Rome a collegium was a club or society, a group of living together under a common set of rules. Aside from the educational context - nowadays the most common use of college - there are various other meanings also derived from the original Latin term. In the United States, college can be a synonym for university, in Singapore and India, this is known as a junior college. The municipal government of the city of Paris uses the sixth form college as the English name for a lycée. In some national education systems, secondary schools may be called colleges or have college as part of their title, in Australia the term college is applied to any private or independent primary and, especially, secondary school as distinct from a state school. Melbourne Grammar School, Cranbrook School, Sydney and The Kings School, there has also been a recent trend to rename or create government secondary schools as colleges. In the state of Victoria, some high schools are referred to as secondary colleges. Interestingly, the pre-eminent government secondary school for boys in Melbourne is still named Melbourne High School, in Western Australia, South Australia and the Northern Territory, college is used in the name of all state high schools built since the late 1990s, and also some older ones. In New South Wales, some schools, especially multi-campus schools resulting from mergers, are known as secondary colleges. In Queensland some newer schools which accept primary and high school students are styled state college, in Tasmania and the Australian Capital Territory, college refers to the final two years of high school, and the institutions which provide this. In this context, college is an independent of the other years of high school. Here, the expression is a version of matriculation college. This is because these schools have traditionally focused on academic, rather than vocational, subjects. Some private secondary schools choose to use the college in their names nevertheless. Some secondary schools elsewhere in the country, particularly ones within the school system. In New Zealand the word normally refers to a secondary school for ages 13 to 17
10.
University
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A university is an institution of higher education and research which grants academic degrees in various academic disciplines. Universities typically provide undergraduate education and postgraduate education, the word university is derived from the Latin universitas magistrorum et scholarium, which roughly means community of teachers and scholars. Universities were created in Italy and evolved from Cathedral schools for the clergy during the High Middle Ages, the original Latin word universitas refers in general to a number of persons associated into one body, a society, company, community, guild, corporation, etc. Like other guilds, they were self-regulating and determined the qualifications of their members, an important idea in the definition of a university is the notion of academic freedom. The first documentary evidence of this comes from early in the life of the first university, the University of Bologna adopted an academic charter, the Constitutio Habita, in 1158 or 1155, which guaranteed the right of a traveling scholar to unhindered passage in the interests of education. Today this is claimed as the origin of academic freedom and this is now widely recognised internationally - on 18 September 1988,430 university rectors signed the Magna Charta Universitatum, marking the 900th anniversary of Bolognas foundation. The number of universities signing the Magna Charta Universitatum continues to grow, the university is generally regarded as a formal institution that has its origin in the Medieval Christian setting. The earliest universities were developed under the aegis of the Latin Church by papal bull as studia generalia and it is possible, however, that the development of cathedral schools into universities was quite rare, with the University of Paris being an exception. Later they were founded by Kings or municipal administrations. In the early period, most new universities were founded from pre-existing schools. Many historians state that universities and cathedral schools were a continuation of the interest in learning promoted by monasteries, the first universities in Europe with a form of corporate/guild structure were the University of Bologna, the University of Paris, and the University of Oxford. The students had all the power … and dominated the masters, princes and leaders of city governments perceived the potential benefits of having a scholarly expertise develop with the ability to address difficult problems and achieve desired ends. The emergence of humanism was essential to understanding of the possible utility of universities as well as the revival of interest in knowledge gained from ancient Greek texts. The rediscovery of Aristotles works–more than 3000 pages of it would eventually be translated–fuelled a spirit of inquiry into natural processes that had begun to emerge in the 12th century. Some scholars believe that these represented one of the most important document discoveries in Western intellectual history. Richard Dales, for instance, calls the discovery of Aristotles works a turning point in the history of Western thought and this became the primary mission of lecturers, and the expectation of students. The university culture developed differently in northern Europe than it did in the south, Latin was the language of the university, used for all texts, lectures, disputations and examinations. Professors lectured on the books of Aristotle for logic, natural philosophy, and metaphysics, while Hippocrates, Galen, outside of these commonalities, great differences separated north and south, primarily in subject matter
11.
International Red Cross and Red Crescent Movement
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The movements parts are, The International Committee of the Red Cross is a private humanitarian institution founded in 1863 in Geneva, Switzerland, by Henry Dunant and Gustave Moynier. Its 25-member committee has a unique authority under international law to protect the life. The ICRC was awarded the Nobel Peace Prize on three occasions, on an international level, the Federation leads and organizes, in close cooperation with the National Societies, relief assistance missions responding to large-scale emergencies. The International Federation Secretariat is based in Geneva, Switzerland, in 1963, the Federation was awarded the Nobel Peace Prize jointly with the ICRC. National Red Cross and Red Crescent Societies exist in every country in the world. Currently 190 National Societies are recognized by the ICRC and admitted as members of the Federation. Each entity works in its home country according to the principles of humanitarian law. In many countries, they are linked to the respective national health care system by providing emergency medical services. When he arrived in the town of Solferino on the evening of June 24, he toured the field of the Battle of Solferino. In a single day, about 40,000 soldiers on both sides died or were wounded on the field. Jean-Henri Dunant was shocked by the aftermath of the battle, the suffering of the wounded soldiers. He completely abandoned the original intent of his trip and for days he devoted himself to helping with the treatment. He succeeded in organizing an overwhelming level of assistance by motivating the local villagers to aid without discrimination. Back in his home in Geneva, he decided to write a book entitled A Memory of Solferino which he published using his own money in 1862. He sent copies of the book to leading political and military figures throughout Europe, in addition, he called for the development of international treaties to guarantee the protection of neutral medics and field hospitals for soldiers wounded on the battlefield. In 1863, Gustave Moynier, a Geneva lawyer and president of the Geneva Society for Public Welfare, received a copy of Dunants book, eight days later, the five men decided to rename the committee to the International Committee for Relief to the Wounded. In October 1863, the conference organized by the committee was held in Geneva to develop possible measures to improve medical services on the battlefield. Only one year later, the Swiss government invited the governments of all European countries, as well as the United States, Brazil, sixteen countries sent a total of twenty-six delegates to Geneva
12.
Roman Empire
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Civil wars and executions continued, culminating in the victory of Octavian, Caesars adopted son, over Mark Antony and Cleopatra at the Battle of Actium in 31 BC and the annexation of Egypt. Octavians power was then unassailable and in 27 BC the Roman Senate formally granted him overarching power, the imperial period of Rome lasted approximately 1,500 years compared to the 500 years of the Republican era. The first two centuries of the empires existence were a period of unprecedented political stability and prosperity known as the Pax Romana, following Octavians victory, the size of the empire was dramatically increased. After the assassination of Caligula in 41, the senate briefly considered restoring the republic, under Claudius, the empire invaded Britannia, its first major expansion since Augustus. Vespasian emerged triumphant in 69, establishing the Flavian dynasty, before being succeeded by his son Titus and his short reign was followed by the long reign of his brother Domitian, who was eventually assassinated. The senate then appointed the first of the Five Good Emperors, the empire reached its greatest extent under Trajan, the second in this line. A period of increasing trouble and decline began with the reign of Commodus, Commodus assassination in 192 triggered the Year of the Five Emperors, of which Septimius Severus emerged victorious. The assassination of Alexander Severus in 235 led to the Crisis of the Third Century in which 26 men were declared emperor by the Roman Senate over a time span. It was not until the reign of Diocletian that the empire was fully stabilized with the introduction of the Tetrarchy, which saw four emperors rule the empire at once. This arrangement was unsuccessful, leading to a civil war that was finally ended by Constantine I. Constantine subsequently shifted the capital to Byzantium, which was renamed Constantinople in his honour and it remained the capital of the east until its demise. Constantine also adopted Christianity which later became the state religion of the empire. However, Augustulus was never recognized by his Eastern colleague, and separate rule in the Western part of the empire ceased to exist upon the death of Julius Nepos. The Eastern Roman Empire endured for another millennium, eventually falling to the Ottoman Turks in 1453, the Roman Empire was among the most powerful economic, cultural, political and military forces in the world of its time. It was one of the largest empires in world history, at its height under Trajan, it covered 5 million square kilometres. It held sway over an estimated 70 million people, at that time 21% of the entire population. Throughout the European medieval period, attempts were made to establish successors to the Roman Empire, including the Empire of Romania, a Crusader state. Rome had begun expanding shortly after the founding of the republic in the 6th century BC, then, it was an empire long before it had an emperor
13.
Emperor
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An emperor is a monarch, usually the sovereign ruler of an empire or another type of imperial realm. Empress, the equivalent, may indicate an emperors wife, mother. Emperors are generally recognized to be of an honour and rank than kings. The Emperor of Japan is the currently reigning monarch whose title is translated into English as Emperor. Both kings and emperors are monarchs, but emperor and empress are considered the higher monarchical titles. In as much as there is a definition of emperor, it is that an emperor has no relations implying the superiority of any other ruler. Thus a king might be obliged to pay tribute to another ruler, or be restrained in his actions in some unequal fashion, although initially ruling much of Central Europe and northern Italy, by the 19th century the Emperor exercised little power beyond the German speaking states. In Eastern Europe the rulers of the Russian Empire also used translatio imperii to wield authority as successors to the Eastern Roman Empire. Their title of Emperor was officially recognised by the Holy Roman Emperor in 1514, in practice the Russian Emperors are often known by their Russian-language title Tsar, which may also used to refer to rulers equivalent to a king. Historians have liberally used emperor and empire anachronistically and out of its Roman and European context to any large state from the past or the present. Such pre-Roman titles as Great King or King of Kings, used by the Kings of Persia, however such empires did not need to be headed by an emperor. Empire became identified instead with vast territorial holdings rather than the title of its ruler by the mid-18th century, outside the European context, emperor was the translation given to holders of titles who were accorded the same precedence as European emperors in diplomatic terms. In reciprocity, these rulers might accredit equal titles in their languages to their European peers. Through centuries of international convention, this has become the dominant rule to identifying an emperor in the modern era, also the name of the position split in several branches of Western tradition, see below. Later new symbols of worldly and/or spiritual power, like the orb, rules for indicating successors also varied, there was a tendency towards male inheritance of the supreme office, but as well election by noblemen, as ruling empresses are known. Ruling monarchs could additionally steer the succession by adoption, as occurred in the two first centuries of Imperial Rome. Of course, intrigue, murder and military force could also mingle in for appointing successors, probably the epoch best known for this part of the imperial tradition is Romes third century rule. When Republican Rome turned into a de facto monarchy in the half of the 1st century BC
14.
Stoicism
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Stoicism is a school of Hellenistic philosophy that flourished throughout the Roman and Greek world until the 3rd century AD. Stoicism is predominantly a philosophy of ethics which is informed by its system of logic. It was founded in Athens by Zeno of Citium in the early 3rd century BC. Because of this, the Stoics presented their philosophy as a way of life, to live a good life, one had to understand the rules of the natural order since they taught that everything was rooted in nature. Later Stoics—such as Seneca and Epictetus—emphasized that, because virtue is sufficient for happiness, from its founding, Stoic doctrine was popular during the Roman Empire—and its adherents included the Emperor Marcus Aurelius. It later experienced a decline after Christianity became the religion in the 4th century. Over the centuries, it has seen revivals, notably in the Renaissance, the Stoics provided a unified account of the world, consisting of formal logic, monistic physics and naturalistic ethics. Of these, they emphasized ethics as the focus of human knowledge. A primary aspect of Stoicism involves improving the individuals ethical and moral well-being and this viewpoint was later described as Classical Pantheism. Beginning at around 301 BC, Zeno taught philosophy at the Stoa Poikile, Zenos ideas developed from those of the Cynics, whose founding father, Antisthenes, had been a disciple of Socrates. Zenos most influential follower was Chrysippus, who was responsible for the molding of what is now called Stoicism, later Roman Stoics focused on promoting a life in harmony within the universe, over which one has no direct control. Scholars usually divide the history of Stoicism into three phases, Early Stoa, from the founding of the school by Zeno to Antipater, middle Stoa, including Panaetius and Posidonius. Late Stoa, including Musonius Rufus, Seneca, Epictetus, no complete work by any Stoic philosopher survives from the first two phases of Stoicism. Only Roman texts from the Late Stoa survive, diodorus Cronus, who was one of Zenos teachers, is considered the philosopher who first introduced and developed an approach to logic now known as propositional logic. This is an approach to logic based on statements or propositions, rather than terms, later, Chrysippus developed a system that became known as Stoic logic and included a deductive system, Stoic Syllogistic, which was considered a rival to Aristotles Syllogistic. New interest in Stoic logic came in the 20th century, when important developments in logic were based on propositional logic, susanne Bobzien wrote, The many close similarities between Chrysippus philosophical logic and that of Gottlob Frege are especially striking. The Stoics held that all being – though not all things – is material and they accepted the distinction between concrete bodies and abstract ones, but rejected Aristotles belief that purely incorporeal being exists. Thus, they accepted Anaxagoras idea that if an object is hot, but, unlike Aristotle, they extended the idea to cover all accidents
15.
Philosophy
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Philosophy is the study of general and fundamental problems concerning matters such as existence, knowledge, values, reason, mind, and language. The term was coined by Pythagoras. Philosophical methods include questioning, critical discussion, rational argument and systematic presentation, classic philosophical questions include, Is it possible to know anything and to prove it. However, philosophers might also pose more practical and concrete questions such as, is it better to be just or unjust. Historically, philosophy encompassed any body of knowledge, from the time of Ancient Greek philosopher Aristotle to the 19th century, natural philosophy encompassed astronomy, medicine and physics. For example, Newtons 1687 Mathematical Principles of Natural Philosophy later became classified as a book of physics, in the 19th century, the growth of modern research universities led academic philosophy and other disciplines to professionalize and specialize. In the modern era, some investigations that were part of philosophy became separate academic disciplines, including psychology, sociology. Other investigations closely related to art, science, politics, or other pursuits remained part of philosophy, for example, is beauty objective or subjective. Are there many scientific methods or just one, is political utopia a hopeful dream or hopeless fantasy. Major sub-fields of academic philosophy include metaphysics, epistemology, ethics, aesthetics, political philosophy, logic, philosophy of science, since the 20th century, professional philosophers contribute to society primarily as professors, researchers and writers. Traditionally, the term referred to any body of knowledge. In this sense, philosophy is related to religion, mathematics, natural science, education. This division is not obsolete but has changed, Natural philosophy has split into the various natural sciences, especially astronomy, physics, chemistry, biology and cosmology. Moral philosophy has birthed the social sciences, but still includes value theory, metaphysical philosophy has birthed formal sciences such as logic, mathematics and philosophy of science, but still includes epistemology, cosmology and others. Many philosophical debates that began in ancient times are still debated today, colin McGinn and others claim that no philosophical progress has occurred during that interval. Chalmers and others, by contrast, see progress in philosophy similar to that in science, in one general sense, philosophy is associated with wisdom, intellectual culture and a search for knowledge. In that sense, all cultures and literate societies ask philosophical questions such as how are we to live, a broad and impartial conception of philosophy then, finds a reasoned inquiry into such matters as reality, morality and life in all world civilizations. Socrates was an influential philosopher, who insisted that he possessed no wisdom but was a pursuer of wisdom
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Marcus Aurelius
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Marcus Aurelius was Emperor of Rome from 161 to 180. He ruled with Lucius Verus as co-emperor from 161 until Verus death in 169, Marcus Aurelius was the last of the so-called Five Good Emperors. He was a practitioner of Stoicism, and his untitled writing, during his reign, the Roman Empire defeated a revitalized Parthian Empire in the East, Aurelius general Avidius Cassius sacked the capital Ctesiphon in 164. A revolt in the East led by Avidius Cassius failed to gain momentum and was suppressed immediately, the major sources for the life and rule of Marcus Aurelius are patchy and frequently unreliable. For Marcus life and rule, the biographies of Hadrian, Antoninus Pius, Marcus and Lucius Verus are largely reliable, a body of correspondence between Marcus tutor Fronto and various Antonine officials survives in a series of patchy manuscripts, covering the period from c.138 to 166. Marcus own Meditations offer a window on his life, but are largely undateable. The main narrative source for the period is Cassius Dio, a Greek senator from Bithynian Nicaea who wrote a history of Rome from its founding to 229 in eighty books. Dio is vital for the history of the period, but his senatorial prejudices. Inscriptions and coin finds supplement the literary sources, Marcus family originated in Ucubi, a small town southeast of Córdoba in Iberian Baetica. Verus elder son—Marcus Aurelius father—Marcus Annius Verus married Domitia Lucilla, Lucilla was the daughter of the patrician P. Calvisius Tullus Ruso and the elder Domitia Lucilla. The elder Domitia Lucilla had inherited a fortune from her maternal grandfather and her paternal grandfather by adoption. Lucilla and Verus had two children, a son, Marcus, born on 26 April 121 AD, and a daughter, Annia Cornificia Faustina, Verus probably died in 124 AD, during his praetorship, when Marcus was only three years old. Though he can hardly have known him, Marcus Aurelius wrote in his Meditations that he had learned modesty and manliness from his memories of his father, Lucilla, following prevailing aristocratic customs, probably did not spend much time with her son. Marcus was in the care of nurses, even so, Marcus credits his mother with teaching him religious piety, simplicity in diet and how to avoid the ways of the rich. In his letters, Marcus makes frequent and affectionate reference to her, he was grateful that, although she was fated to die young, yet she spent her last years with me. After his fathers death, Aurelius was raised by his paternal grandfather Marcus Annius Verus who, technically this was not an adoption, since an adoption would be the legal creation of a new and different patria potestas. Another man, Lucius Catilius Severus, also participated in his upbringing, Severus is described as Marcus maternal great-grandfather, he is probably the stepfather of the elder Lucilla. Marcus was raised in his parents home on the Caelian Hill and it was an upscale region, with few public buildings but many aristocratic villas
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Athens
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Athens is the capital and largest city of Greece. In modern times, Athens is a cosmopolitan metropolis and central to economic, financial, industrial, maritime. In 2015, Athens was ranked the worlds 29th richest city by purchasing power, Athens is recognised as a global city because of its location and its importance in shipping, finance, commerce, media, entertainment, arts, international trade, culture, education and tourism. It is one of the biggest economic centres in southeastern Europe, with a financial sector. The municipality of Athens had a population of 664,046 within its limits. The urban area of Athens extends beyond its administrative city limits. According to Eurostat in 2011, the Functional urban areas of Athens was the 9th most populous FUA in the European Union, Athens is also the southernmost capital on the European mainland. The city also retains Roman and Byzantine monuments, as well as a number of Ottoman monuments. Athens is home to two UNESCO World Heritage Sites, the Acropolis of Athens and the medieval Daphni Monastery, Athens was the host city of the first modern-day Olympic Games in 1896, and 108 years later it welcomed home the 2004 Summer Olympics. In Ancient Greek, the name of the city was Ἀθῆναι a plural, in earlier Greek, such as Homeric Greek, the name had been current in the singular form though, as Ἀθήνη. It was possibly rendered in the later on, like those of Θῆβαι and Μυκῆναι. During the medieval period the name of the city was rendered once again in the singular as Ἀθήνα, an etiological myth explaining how Athens has acquired its name was well known among ancient Athenians and even became the theme of the sculpture on the West pediment of the Parthenon. The goddess of wisdom, Athena, and the god of the seas, Poseidon had many disagreements, in an attempt to compel the people, Poseidon created a salt water spring by striking the ground with his trident, symbolizing naval power. However, when Athena created the tree, symbolizing peace and prosperity. Different etymologies, now rejected, were proposed during the 19th century. Christian Lobeck proposed as the root of the name the word ἄθος or ἄνθος meaning flower, ludwig von Döderlein proposed the stem of the verb θάω, stem θη- to denote Athens as having fertile soil. In classical literature, the city was referred to as the City of the Violet Crown, first documented in Pindars ἰοστέφανοι Ἀθᾶναι. In medieval texts, variant names include Setines, Satine, and Astines, today the caption η πρωτεύουσα, the capital, has become somewhat common
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Platonism
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Platonism, rendered as a proper noun, is the philosophy of Plato or the name of other philosophical systems considered closely derived from it. Lower case platonists need not accept any of the doctrines of Plato, in a narrower sense, the term might indicate the doctrine of Platonic realism. The forms are described in dialogues such as the Phaedo, Symposium. In the Republic the highest form is identified as the Form of the Good, the source of all other forms, in the Sophist, a later work, the forms being, sameness and difference are listed among the primordial Great Kinds. The primary concept is the Theory of Forms, the only true being is founded upon the forms, the eternal, unchangeable, perfect types, of which particular objects of moral and responsible sense are imperfect copies. The multitude of objects of sense, being involved in perpetual change, are deprived of all genuine existence. The number of the forms is defined by the number of concepts which can be derived from the particular objects of sense. The following excerpt may be representative of Platos middle period metaphysics and epistemology, Since the beautiful is opposite of the ugly, and since they are two, each is one. And the same account is true of the just and unjust, the good and the bad, each of them is itself one, but because they manifest themselves everywhere in association with actions, bodies, and one another, each of them appears to be many. The lovers of sights and sounds like beautiful sounds, colors, shapes, and everything fashioned out of them, in fact, there are very few people who would be able to reach the beautiful itself and see it by itself. What about someone who believes in things, but doesnt believe in the beautiful itself. Dont you think he is living in a rather than a wakened state. Isnt this dreaming, whether asleep or awake, to think that a likeness is not a likeness, I certainly think that someone who does that is dreaming. Book VI of the Republic identifies the highest form as the Form of the Good, the cause of all other Ideas, conceptions derived from the impressions of sense can never give us the knowledge of true being, i. e. of the forms. It can only be obtained by the activity within itself, apart from the troubles and disturbances of sense. Dialectic, as the instrument in this process, leading us to knowledge of the forms, later Neoplatonism, beginning with Plotinus, identified the Good of the Republic with the so-called transcendent, absolute One of the first hypothesis of the Parmenides. Platonist ethics is based on the Form of the Good, virtue is knowledge, the recognition of the supreme form of the good. And, since in this cognition, the three parts of the soul, which are reason, spirit, and appetite, all have their share, we get the three virtues, Wisdom, Courage, and Moderation
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Aristotelianism
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Aristotelianism is a tradition of philosophy that takes its defining inspiration from the work of Aristotle. The works of Aristotle were initially defended by the members of the Peripatetic school, and, later on, by the Neoplatonists, who produced many commentaries on Aristotles writings. Moses Maimonides adopted Aristotelianism from the Islamic scholars and based his famous Guide for the Perplexed on it, scholars such as Albertus Magnus and Thomas Aquinas interpreted and systematized Aristotles works in accordance with Christian theology. Although this project was criticized by Trendelenburg and Brentano as non-Aristotelian, postmodernists, in contrast, reject Aristotelianisms claim to reveal important theoretical truths. In this, they follow Heideggers critique of Aristotle as the greatest source of the tradition of Western philosophy. Recent Aristotelian ethical and practical philosophy, such as that of Gadamer, the most famous contemporary Aristotelian philosopher is Alasdair MacIntyre. Politically and socially, it has been characterized as a newly revolutionary Aristotelianism and this may be contrasted with the more conventional, apolitical and effectively conservative uses of Aristotle by, for example, Gadamer and McDowell. Other important contemporary Aristotelian theorists include Fred D. Miller, Jr. in politics, the original followers of Aristotle were the members of the Peripatetic school. The most prominent members of the school after Aristotle were Theophrastus and Strato of Lampsacus, during the Roman era the school concentrated on preserving and defending his work. The most important figure in this regard was Alexander of Aphrodisias who commentated on Aristotles writings, in the Abbasid Empire, many foreign works were translated into Arabic, large libraries were constructed, and scholars were welcomed. Under the caliphs Harun al-Rashid and his son Al-Mamun, the House of Wisdom in Baghdad flourished, Christian scholar Hunayn ibn Ishaq was placed in charge of the translation work by the caliph. In his lifetime, Ishaq translated 116 writings, including works by Plato and Aristotle, into Syriac, al-Kindi was the first of the Muslim Peripatetic philosophers, and is known for his efforts to introduce Greek and Hellenistic philosophy to the Arab world. He incorporated Aristotelian and Neoplatonist thought into an Islamic philosophical framework and this was an important factor in the introduction and popularization of Greek philosophy in the Muslim intellectual world. The philosopher Al-Farabi had great influence on science and philosophy for several centuries and his work, aimed at synthesis of philosophy and Sufism, paved the way for the work of Avicenna. Avicenna was one of the interpreters of Aristotle. The school of thought he founded became known as Avicennism, which was built on ingredients and conceptual building blocks that are largely Aristotelian and Neoplatonist. At the western end of the Mediterranean Sea, during the reign of Al-Hakam II in Córdoba, a massive effort was undertaken. Averroes, who spent much of his life in Cordoba and Seville, was distinguished as a commentator of Aristotle
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Epicureanism
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Epicureanism is a system of philosophy based upon the teachings of the ancient Greek philosopher Epicurus, founded around 307 BC. Epicurus was an atomic materialist, following in the steps of Democritus and his materialism led him to a general attack on superstition and divine intervention. This would lead one to attain a state of tranquility and freedom from fear as well as an absence of bodily pain, the combination of these two states constitutes happiness in its highest form. Epicureanism was originally a challenge to Platonism, though later it became the main opponent of Stoicism, Epicurus and his followers shunned politics. After the death of Epicurus, his school was headed by Hermarchus, later many Epicurean societies flourished in the Late Hellenistic era and its best-known Roman proponent was the poet Lucretius. Some writings by Epicurus have survived, some scholars consider the epic poem On the Nature of Things by Lucretius to present in one unified work the core arguments and theories of Epicureanism. Many of the papyrus scrolls unearthed at the Villa of the Papyri at Herculaneum are Epicurean texts, at least some are thought to have belonged to the Epicurean Philodemus. The school of Epicurus, called The Garden, was based in Epicurus home and it had a small but devoted following in his lifetime. Its members included Hermarchus, Idomeneus, Colotes, Polyaenus, Epicurus emphasized friendship as an important ingredient of happiness, and the school seems to have been a moderately ascetic community which rejected the political limelight of Athenian philosophy. They were fairly cosmopolitan by Athenian standards, including women and slaves, some members were also vegetarians as Epicurus did not eat meat, although no prohibition against eating meat was made. The schools popularity grew and it became, along with Stoicism and Skepticism, another ancient source is Diogenes of Oenoanda, who composed a large inscription at Oenoanda in Lycia. A library in the Villa of the Papyri, in Herculaneum, was owned by Julius Caesars father-in-law. The scrolls which the library consisted of were preserved albeit in carbonized form by the eruption of Vesuvius in 79 AD, the task of unrolling and deciphering the over 1800 charred papyrus scrolls continues today. With the dominance of the Neo-Platonism and Peripatetic School philosophy, Epicureanism declined, by the late third century AD, there was very little trace of its existence. The early Christian writer Lactantius criticizes Epicurus at several points throughout his Divine Institutes, in Dantes Divine Comedy, the Epicureans are depicted as heretics suffering in the sixth circle of hell. In fact, Epicurus appears to represent the ultimate heresy, the word for a heretic in the Talmudic literature is Apiqoros. By the 16th century, the works of Diogenes Laertius were being printed in Europe, in the 17th century the French Franciscan priest, scientist and philosopher Pierre Gassendi wrote two books forcefully reviving Epicureanism. Shortly thereafter, and clearly influenced by Gassendi, Walter Charleton published several works on Epicureanism in English, attacks by Christians continued, most forcefully by the Cambridge Platonists
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Margaret Beaufort, Countess of Richmond and Derby
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Lady Margaret Beaufort, later Countess of Richmond and Derby, was the mother of King Henry VII and paternal grandmother of King Henry VIII of England. She was a key figure in the Wars of the Roses and she was the daughter and sole heiress of John Beaufort, 1st Duke of Somerset, KG by his wife Margaret Beauchamp, daughter of Sir John Beauchamp, de jure 3rd Baron Beauchamp of Bletsoe, Bedfordshire. Margaret was born at Bletsoe Castle, Bedfordshire, on 31 May 1441 or 1443, the day and month are not disputed, as she required Westminster Abbey to celebrate her birthday on 31 May. The year of her birth is more uncertain, William Dugdale, the 17th-century antiquary, suggested that she may have been born in 1441, based on evidence of inquisitions post mortem taken after the death of her father. At the moment of her birth, Margarets father was preparing to go to France, Somerset negotiated with the king to ensure that in case of his death the rights to Margarets wardship and marriage would be granted only to his wife. As a tenant-in-chief of the crown the wardship of his heir fell to the crown under the feudal system, Somerset fell out with the king after coming back from France and was banished from the royal court pending a charge of treason against him. According to Thomas Basin, Somerset died of illness, but the Crowland Chronicle reported that his death was suicide, Margaret, as his only child, was heiress to his fortune. Margarets mother was pregnant at the time of Somersets death, but the child did not survive, Margaret was married to Suffolks son, John de la Pole. The wedding may have held between 28 January and 7 February 1444, when she was perhaps a year old but certainly no more than three. However, there is evidence to suggest they were married in January 1450. Papal dispensation was granted on 18 August 1450, necessary because the spouses were too closely related, three years later, the marriage was dissolved and King Henry VI granted Margarets wardship to his own half-brothers, Jasper and Edmund Tudor. In her will, made in 1472, Margaret refers to Edmund Tudor as her first husband, under canon law, Margaret was not bound by the marriage contract as she was entered into the marriage before reaching the age of twelve. Even before the annulment of her first marriage, Henry VI chose Margaret as a bride for his half-brother, Edmund Tudor, Edmund was the eldest son of the kings mother, Catherine of Valois, by Owen Tudor. Margaret was 12 when she married the 24-year-old Edmund Tudor on 1 November 1455, the Wars of the Roses had just broken out, Edmund, a Lancastrian, was taken prisoner by Yorkist forces less than a year later. He died of the plague in captivity at Carmarthen the following November, taken into the care of her brother-in-law Jasper, at Pembroke Castle, the Countess gave birth on 28 January 1457 to her only child, Henry Tudor, the future Henry VII of England. The birth was difficult, at one point, both the Countess and her child were close to death, due to her young age. Margaret and her son remained in Pembroke until the York triumphs of 1461 saw the pass to Lord Herbert of Raglan. From the age of two, Henry lived with his fathers family in Wales, and from the age of fourteen, during this period, the relationship between mother and son was sustained by letters and a few visits
22.
Henry VIII of England
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Henry VIII was King of England from 21 April 1509 until his death. Henry was the second Tudor monarch, succeeding his father, Henry VII, Henry is best known for his six marriages and, in particular, his efforts to have his first marriage, to Catherine of Aragon, annulled. Despite his resulting excommunication, Henry remained a believer in core Catholic theological teachings, domestically, Henry is known for his radical changes to the English Constitution, ushering in the theory of the divine right of kings to England. Besides asserting the supremacy over the Church of England, he greatly expanded royal power during his reign. Charges of treason and heresy were commonly used to quash dissent, and he achieved many of his political aims through the work of his chief ministers, some of whom were banished or executed when they fell out of his favour. Thomas Wolsey, Thomas More, Thomas Cromwell, Richard Rich and his contemporaries considered Henry in his prime to be an attractive, educated, and accomplished king, and he has been described as one of the most charismatic rulers to sit on the English throne. He was an author and composer, as he aged, Henry became severely obese and his health suffered, contributing to his death in 1547. He is frequently characterised in his life as a lustful, egotistical, harsh. He was succeeded by his son Edward VI, born 28 June 1491 at the Palace of Placentia in Greenwich, London, Henry Tudor was the third child and second son of Henry VII and Elizabeth of York. Of the young Henrys six siblings, only three – Arthur, Prince of Wales, Margaret, and Mary – survived infancy and he was baptised by Richard Fox, the Bishop of Exeter, at a church of the Observant Franciscans close to the palace. In 1493, at the age of two, Henry was appointed Constable of Dover Castle and Lord Warden of the Cinque Ports. He was subsequently appointed Earl Marshal of England and Lord Lieutenant of Ireland at age three, and was inducted into the Order of the Bath soon after. The day after the ceremony he was created Duke of York, in May 1495, he was appointed to the Order of the Garter. Henry was given an education from leading tutors, becoming fluent in Latin and French. Not much is known about his early life – save for his appointments – because he was not expected to become king, as Duke of York, Henry used the arms of his father as king, differenced by a label of three points ermine. In 1502, Arthur died at the age of 15 of sweating sickness, Arthurs death thrust all his duties upon his younger brother, the 10-year-old Henry. After a little debate, Henry became the new Duke of Cornwall in October 1502, Henry VII gave the boy few tasks. Young Henry was strictly supervised and did not appear in public, as a result, the young Henry would later ascend the throne untrained in the exacting art of kingship
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Regius Professor
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A Regius professor is a university professor with royal patronage or appointment. They are a feature of academia in the British Isles. The first Regius professorship was in the field of medicine, Regius chairs have since been instituted in various universities, in disciplines judged to be fundamental and for which there is a continuing and significant need. This royal imprimatur, and the rarity of these professorships, means a Regius chair is prestigious. Regius professors are traditionally addressed as Regius and not Professor, glasgow University currently has the highest number of extant Regius chairs, at thirteen. Traditionally, Regius chairs only existed in the ancient universities of the British Isles, in October 2012 it was announced that Queen Elizabeth II would create up to six new Regius professorships, to be announced in early 2013, to mark her Diamond Jubilee. In January 2013 the full list was announced, comprising twelve new chairs, probably the largest number ever created in one year, in July 2015 it was announced that further Regius professorships would be created to mark the Queens 90th birthday
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University of Glasgow
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The University of Glasgow is the fourth oldest university in the English-speaking world and one of Scotlands four ancient universities. Along with the University of Edinburgh, the University was part of the Scottish Enlightenment during the 18th century and it is currently a member of Universitas 21, the international network of research universities, and the Russell Group. Glasgow University served all of students by preparing them for professions, the law, medicine, civil service, teaching. It also trained smaller but growing numbers for careers in science, originally located in the citys High Street, since 1870 the main University campus has been located at Gilmorehill in the West End of the city. Additionally, a number of university buildings are located elsewhere, such as the Veterinary School in Bearsden, and it is the second-oldest university in Scotland after St Andrews and the fourth-oldest in the English-speaking world. The universities of St Andrews, Glasgow and Aberdeen were ecclesiastical foundations, as one of the Ancient Universities of the United Kingdom, Glasgow University is one of only eight institutions to award undergraduate masters degrees in certain disciplines. The University has been without its original Bull since the mid-sixteenth century, in 1560, during the political unrest accompanying the Scottish Reformation, the then chancellor, Archbishop James Beaton, a supporter of the Marian cause, fled to France. He took with him, for safe-keeping, many of the archives and valuables of the Cathedral and the University, including the Mace, although the Mace was sent back in 1590, the archives were not. If they had not been lost by time, they certainly went astray during the French Revolution when the Scots College was under threat. Its records and valuables were moved for safe-keeping out of the city of Paris, the Bull remains the authority by which the University awards degrees. Teaching at the University began in the chapterhouse of Glasgow Cathedral, subsequently moving to nearby Rottenrow, the University was given 13 acres of land belonging to the Black Friars on High Street by Mary, Queen of Scots, in 1563. The Lion and Unicorn Staircase was also transferred from the old site and is now attached to the Main Building. To continue this work in his will he founded Andersons College, in 1973, Delphine Parrott became its first woman professor, as Gardiner Professor of Immunology. In October 2014, the university court voted for the University to become the first academic institution in Europe to divest from the fuel industry. The University is currently spread over a number of different campuses, the main one is the Gilmorehill campus, in Hillhead. The University has also established joint departments with the Glasgow School of Art, the Universitys initial accommodation including Glasgow University Library was part of the complex of religious buildings in the precincts of Glasgow Cathedral. In the mid-seventeenth century, the Hamilton Building was replaced with a very grand two-court building with a decorated west front facing the High Street, called the Nova Erectio, over the following centuries, the Universitys size and scope continued to expand. In 1757 it built the Macfarlane Observatory and later Scotlands first public museum and it was a centre of the Scottish Enlightenment and subsequently of the Industrial Revolution, and its expansion in the High Street was constrained
25.
Isaac Newton
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His book Philosophiæ Naturalis Principia Mathematica, first published in 1687, laid the foundations of classical mechanics. Newton also made contributions to optics, and he shares credit with Gottfried Wilhelm Leibniz for developing the infinitesimal calculus. Newtons Principia formulated the laws of motion and universal gravitation that dominated scientists view of the universe for the next three centuries. Newtons work on light was collected in his influential book Opticks. He also formulated a law of cooling, made the first theoretical calculation of the speed of sound. Newton was a fellow of Trinity College and the second Lucasian Professor of Mathematics at the University of Cambridge, politically and personally tied to the Whig party, Newton served two brief terms as Member of Parliament for the University of Cambridge, in 1689–90 and 1701–02. He was knighted by Queen Anne in 1705 and he spent the last three decades of his life in London, serving as Warden and Master of the Royal Mint and his father, also named Isaac Newton, had died three months before. Born prematurely, he was a child, his mother Hannah Ayscough reportedly said that he could have fit inside a quart mug. When Newton was three, his mother remarried and went to live with her new husband, the Reverend Barnabas Smith, leaving her son in the care of his maternal grandmother, Newtons mother had three children from her second marriage. From the age of twelve until he was seventeen, Newton was educated at The Kings School, Grantham which taught Latin and Greek. He was removed from school, and by October 1659, he was to be found at Woolsthorpe-by-Colsterworth, Henry Stokes, master at the Kings School, persuaded his mother to send him back to school so that he might complete his education. Motivated partly by a desire for revenge against a bully, he became the top-ranked student. In June 1661, he was admitted to Trinity College, Cambridge and he started as a subsizar—paying his way by performing valets duties—until he was awarded a scholarship in 1664, which guaranteed him four more years until he would get his M. A. He set down in his notebook a series of Quaestiones about mechanical philosophy as he found it, in 1665, he discovered the generalised binomial theorem and began to develop a mathematical theory that later became calculus. Soon after Newton had obtained his B. A. degree in August 1665, in April 1667, he returned to Cambridge and in October was elected as a fellow of Trinity. Fellows were required to become ordained priests, although this was not enforced in the restoration years, however, by 1675 the issue could not be avoided and by then his unconventional views stood in the way. Nevertheless, Newton managed to avoid it by means of a special permission from Charles II. A and he was elected a Fellow of the Royal Society in 1672. Newtons work has been said to distinctly advance every branch of mathematics then studied and his work on the subject usually referred to as fluxions or calculus, seen in a manuscript of October 1666, is now published among Newtons mathematical papers
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Lucasian Professor of Mathematics
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The Lucasian Chair of Mathematics is a mathematics professorship in the University of Cambridge, England, its holder is known as the Lucasian Professor. The post was founded in 1663 by Henry Lucas, who was Cambridge Universitys Member of Parliament from 1639–1640, the current and 19th Lucasian Professor is Michael Cates, succeeding Michael Green now retired, starting from 1 July 2015. The previous holder of the post was the theoretical physicist Michael Green who was a fellow in Clare Hall at the University of Cambridge. He was appointed in October 2009, succeeding Stephen Hawking, who retired in September 2009, in the year of his 67th birthday. Hawking and Green now hold the position of Emeritus Lucasian Professor of Mathematics, kevin Knox and Richard Noakes, From Newton to Hawking, A History of Cambridge Universitys Lucasian Professors of Mathematics ISBN 0-521-66310-5
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Stephen Hawking
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Hawking was the first to set forth a theory of cosmology explained by a union of the general theory of relativity and quantum mechanics. He is a supporter of the many-worlds interpretation of quantum mechanics. In 2002, Hawking was ranked number 25 in the BBCs poll of the 100 Greatest Britons, Hawking has a rare early-onset, slow-progressing form of amyotrophic lateral sclerosis that has gradually paralysed him over the decades. He now communicates using a single cheek muscle attached to a speech-generating device, Hawking was born on 8 January 1942 in Oxford, England to Frank and Isobel Hawking. Despite their families financial constraints, both attended the University of Oxford, where Frank read medicine and Isobel read Philosophy. The two met shortly after the beginning of the Second World War at a research institute where Isobel was working as a secretary. They lived in Highgate, but, as London was being bombed in those years, Hawking has two younger sisters, Philippa and Mary, and an adopted brother, Edward. In 1950, when Hawkings father became head of the division of parasitology at the National Institute for Medical Research, Hawking and his moved to St Albans. In St Albans, the family were considered intelligent and somewhat eccentric. They lived an existence in a large, cluttered, and poorly maintained house. During one of Hawkings fathers frequent absences working in Africa, the rest of the family spent four months in Majorca visiting his mothers friend Beryl and her husband, Hawking began his schooling at the Byron House School in Highgate, London. He later blamed its progressive methods for his failure to learn to read while at the school, in St Albans, the eight-year-old Hawking attended St Albans High School for Girls for a few months. At that time, younger boys could attend one of the houses, the family placed a high value on education. Hawkings father wanted his son to attend the well-regarded Westminster School and his family could not afford the school fees without the financial aid of a scholarship, so Hawking remained at St Albans. From 1958 on, with the help of the mathematics teacher Dikran Tahta, they built a computer from clock parts, although at school Hawking was known as Einstein, Hawking was not initially successful academically. With time, he began to show aptitude for scientific subjects and, inspired by Tahta. Hawkings father advised him to medicine, concerned that there were few jobs for mathematics graduates. He wanted Hawking to attend University College, Oxford, his own alma mater, as it was not possible to read mathematics there at the time, Hawking decided to study physics and chemistry
28.
University of Cambridge
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The University of Cambridge is a collegiate public research university in Cambridge, England, often regarded as one of the most prestigious universities in the world. Founded in 1209 and given royal status by King Henry III in 1231, Cambridge is the second-oldest university in the English-speaking world. The university grew out of an association of scholars who left the University of Oxford after a dispute with the townspeople, the two ancient universities share many common features and are often referred to jointly as Oxbridge. Cambridge is formed from a variety of institutions which include 31 constituent colleges, Cambridge University Press, a department of the university, is the worlds oldest publishing house and the second-largest university press in the world. The university also operates eight cultural and scientific museums, including the Fitzwilliam Museum, Cambridges libraries hold a total of around 15 million books, eight million of which are in Cambridge University Library, a legal deposit library. In the year ended 31 July 2015, the university had an income of £1.64 billion. The central university and colleges have an endowment of around £5.89 billion. The university is linked with the development of the high-tech business cluster known as Silicon Fen. It is a member of associations and forms part of the golden triangle of leading English universities and Cambridge University Health Partners. As of 2017, Cambridge is ranked the fourth best university by three ranking tables and no other institution in the world ranks in the top 10 for as many subjects. Cambridge is consistently ranked as the top university in the United Kingdom, the university has educated many notable alumni, including eminent mathematicians, scientists, politicians, lawyers, philosophers, writers, actors, and foreign Heads of State. Ninety-five Nobel laureates, fifteen British prime ministers and ten Fields medalists have been affiliated with Cambridge as students, faculty, by the late 12th century, the Cambridge region already had a scholarly and ecclesiastical reputation, due to monks from the nearby bishopric church of Ely. The University of Oxford went into suspension in protest, and most scholars moved to such as Paris, Reading. After the University of Oxford reformed several years later, enough remained in Cambridge to form the nucleus of the new university. A bull in 1233 from Pope Gregory IX gave graduates from Cambridge the right to teach everywhere in Christendom, the colleges at the University of Cambridge were originally an incidental feature of the system. No college is as old as the university itself, the colleges were endowed fellowships of scholars. There were also institutions without endowments, called hostels, the hostels were gradually absorbed by the colleges over the centuries, but they have left some indicators of their time, such as the name of Garret Hostel Lane. Hugh Balsham, Bishop of Ely, founded Peterhouse, Cambridges first college, the most recently established college is Robinson, built in the late 1970s
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University of Oxford
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The University of Oxford is a collegiate research university located in Oxford, England. It grew rapidly from 1167 when Henry II banned English students from attending the University of Paris, after disputes between students and Oxford townsfolk in 1209, some academics fled north-east to Cambridge where they established what became the University of Cambridge. The two ancient universities are frequently referred to as Oxbridge. The university is made up of a variety of institutions, including 38 constituent colleges, All the colleges are self-governing institutions within the university, each controlling its own membership and with its own internal structure and activities. Being a city university, it not have a main campus, instead, its buildings. Oxford is the home of the Rhodes Scholarship, one of the worlds oldest and most prestigious scholarships, the university operates the worlds oldest university museum, as well as the largest university press in the world and the largest academic library system in Britain. Oxford has educated many notable alumni, including 28 Nobel laureates,27 Prime Ministers of the United Kingdom, the University of Oxford has no known foundation date. Teaching at Oxford existed in form as early as 1096. It grew quickly in 1167 when English students returned from the University of Paris, the historian Gerald of Wales lectured to such scholars in 1188 and the first known foreign scholar, Emo of Friesland, arrived in 1190. The head of the university had the title of chancellor from at least 1201, the university was granted a royal charter in 1248 during the reign of King Henry III. After disputes between students and Oxford townsfolk in 1209, some academics fled from the violence to Cambridge, the students associated together on the basis of geographical origins, into two nations, representing the North and the South. In later centuries, geographical origins continued to many students affiliations when membership of a college or hall became customary in Oxford. At about the time, private benefactors established colleges as self-contained scholarly communities. Among the earliest such founders were William of Durham, who in 1249 endowed University College, thereafter, an increasing number of students lived in colleges rather than in halls and religious houses. In 1333–34, an attempt by some dissatisfied Oxford scholars to found a new university at Stamford, Lincolnshire was blocked by the universities of Oxford and Cambridge petitioning King Edward III. Thereafter, until the 1820s, no new universities were allowed to be founded in England, even in London, thus, Oxford and Cambridge had a duopoly, the new learning of the Renaissance greatly influenced Oxford from the late 15th century onwards. Among university scholars of the period were William Grocyn, who contributed to the revival of Greek language studies, and John Colet, the noted biblical scholar. With the English Reformation and the breaking of communion with the Roman Catholic Church, recusant scholars from Oxford fled to continental Europe, as a centre of learning and scholarship, Oxfords reputation declined in the Age of Enlightenment, enrolments fell and teaching was neglected
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Professor
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Professor is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, professor derives from Latin as a person who professes being usually an expert in arts or sciences, in much of the world, the unqualified word professor is used formally to indicate the highest academic rank, informally known as full professor. Professors conduct original research and commonly teach undergraduate, graduate, or professional courses in their fields of expertise, in universities with graduate schools, professors may mentor and supervise graduate students conducting research for a thesis or dissertation. Professors typically hold a Ph. D. another doctorate or a different terminal degree, some professors hold a masters degree or a professional degree, such as an M. D. as their highest degree. The term professor was first used in the late 14th century to one who teaches a branch of knowledge. As a title that is prefixed to a name, it dates from 1706, the hort form prof is recorded from 1838. The term professor is used with a different meaning, ne professing religion. This canting use of the word comes down from the Elizabethan period, a professor is an accomplished and recognized academic. In most Commonwealth nations, as well as northern Europe, the professor is the highest academic rank at a university. In the United States and Canada, the title of professor is also the highest rank, in these areas, professors are scholars with doctorate degrees or equivalent qualifications who teach in four-year colleges and universities. An emeritus professor is a given to selected retired professors with whom the university wishes to continue to be associated due to their stature. Emeritus professors do not receive a salary, but they are often given office or lab space, and use of libraries, labs, the term professor is also used in the titles assistant professor and associate professor, which are not considered professor-level positions in some European countries. In Australia, the associate professor is used in place of reader, ranking above senior lecturer. However, such professors usually do not undertake academic work for the granting institution, in general, the title of professor is strictly used for academic positions rather than for those holding it on honorary basis. Other roles of professorial tasks depend on the institution, its legacy, protocols, place, a professor typically earns a base salary and a range of benefits. In addition, a professor who undertakes additional roles in her institution earns additional income, some professors also earn additional income by moonlighting in other jobs, such as consulting, publishing academic or popular press books, or giving speeches or coaching executives. Some fields give professors more opportunities for outside work, the anticipated average earnings with performance-related bonuses for a German professor is €71,500. The salaries of civil servant professors in Spain are fixed in a basis, but there are some bonus related to performance and seniority
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College and university rankings
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College and university rankings are rankings of institutions in higher education ordered by various combinations of various factors. Rankings have most often conducted by magazines, newspapers, websites, governments. In addition to ranking entire institutions, organizations perform rankings of specific programs, departments, various rankings mostly evaluating on institutional output by research. Some rankings evaluate institutions within a country, while others assess institutions worldwide. The subject has produced much debate about rankings usefulness and accuracy, the expanding diversity in rating methodologies and accompanying criticisms of each indicate the lack of consensus in the field. The variety of academic rankings provide an overview and insightful overlook of different academic institutions on composite capabilities in academia. For rankings of United States universities in particular, see Rankings of universities in the United States, several organizations produce worldwide university rankings, including the following. The ranking is funded by the Chinese government and its purpose was to measure the gap between Chinese and world class universities. In the 2015 Academic Ranking of World Universities there are no Chinese universities in the first 100 of 500 places, ARWU rankings have been cited by The Economist magazine. It has been lauded for being consistent and transparent based on an article, the education ministers of France, Norway and Denmark traveled to China to discuss and find ways to improve their rankings. ARWU does not rely on surveys and school submissions, among other criteria, ARWU includes the number of articles published by Nature or Science and the number of Nobel Prize winners and Fields Medalists. Harvard has topped the ranking for years, one of the primary criticisms of ARWUs methodology is that it is biased towards the natural sciences and English language science journals over other subjects. This Saudi Arabia-based consulting organization has published rankings of world universities since 2012. This university ranking is owned by the French consulting company and rating agency SMBG and it ranks masters and MBA in its 9 geographical regions. G-factor ranks university and college web presence by counting the number of only from other university websites. G-factor is an indicator of the popularity or importance of each universitys website from the perspectives of other institutions. The annual U. S. News Best Global Universities rankings were produced to provide insight into how universities compare globally. The Best Global Universities rankings also provide insight into how U. S. universities – which U. S. News has been ranking separately for more than 30 years – stand globally
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Doctorate
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There are a variety of doctoral degrees, with the most common being the Doctor of Philosophy, which is awarded in many different fields, ranging from the humanities to the scientific disciplines. The term doctor derives from the Latin docere meaning to teach, the doctorate appeared in medieval Europe as a license to teach Latin at a university. Its roots can be traced to the church in which the term doctor referred to the Apostles, church fathers. The right to grant a licentia docendi was originally reserved to the Catholic church, the Third Council of the Lateran of 1179 guaranteed the access—at that time largely free of charge—of all able applicants. This right remained a bone of contention between the authorities and universities that were slowly distancing themselves from the Church. The right was granted by the pope to the University of Paris in 1213 where it became a universal license to teach, according to Keith Allan Noble, the first doctoral degree was awarded in medieval Paris around 1150. The so-called professional, vocational, or technical curriculum of the Middle Ages included only theology, law, the doctorate of philosophy developed in Germany in the 17th century. The term philosophy does not refer solely to the field or academic discipline of philosophy, but is used in a sense in accordance with its original Greek meaning. In most of Europe, all fields were traditionally known as philosophy, the doctorate of philosophy adheres to this historic convention, even though the degrees are not always for the study of philosophy. D. University doctoral training was a form of apprenticeship to a guild, the traditional term of study before new teachers were admitted to the guild of Masters of Arts was seven years, matching the apprenticeship term for other occupations. Originally the terms master and doctor were synonymous, but over time the doctorate came to be regarded as a higher qualification than the masters degree, University degrees, including doctorates, were originally restricted to men. The use and meaning of the doctorate has changed over time, for instance, until the early 20th century few academic staff or professors in English-speaking universities held doctorates, except for very senior scholars and those in holy orders. After that time the German practice of requiring lecturers to have completed a research doctorate spread, universities shift to research-oriented education increased the doctorates importance. Today, a doctorate or its equivalent is generally a prerequisite for an academic career. Professional doctorates developed in the United States from the 19th century onward, the first professional doctorate to be offered in the United States was the M. D. The MD became the standard first degree in medicine during the 19th century, the MD, as the standard qualifying degree in medicine, gave that profession the ability to set and raise standards for entry into professional practice. The modern research degree, in the shape of the German-style Ph. D. was first awarded in the U. S. in 1861, in the UK, research doctorates initially took the form of higher doctorates, introduced from 1882 onwards. The PhD spread to the UK from the US via Canada, following the MD, the next professional doctorate, the Juris Doctor, was established by Chicago University in 1902
33.
Trustee
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Trustee is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. A trustee can also refer to a person who is allowed to do certain tasks, in all cases, the trustee may be a person or company, whether or not they are a prospective beneficiary. However, a trustee may act otherwise than in accordance with the terms of the trust if all beneficiaries, being sui juris and together absolutely entitled, direct the trustee to do so. If any question arises as to the constriction of the provisions of the trust, account for actions and keep beneficiaries informed, these include a duty to inform beneficiaries as to their entitlements under the trust and other matters concerning the trust. As trustees as not under a duty to disclose their reasoning in applying a trust power, protection of confidentiality has been described as one of the most important limitations on the right to disclose of trust documents. Memoranda or letter of wishes do not necessarily need to be disclosed to a beneficiary if they are of a number of potential beneficiaries, corporate trustees, typically trust departments at large banks, often have very narrow duties, limited to those the trust indenture explicitly defines. A trustee carries the responsibility and liability to use the trust assets according to the provisions of the trust instrument. The trustee may find himself liable to claimants, prospective beneficiaries and it is common for lawyers to draft will trusts so as to permit such payment, and to take office accordingly, this may be an unnecessary expense for small estates. In an exception to the duties outlined above, sabbatical officers of unions who are also trustees of these organisations they work for do have the right to a salary. This is an exception explicitly granted in the 1993 act The broadest sense of the term applies to someone held to a fiduciary duty similar in some respects to that of a trustee proper. For example, the directors of a bank may be trustees for the depositors, directors of a corporation are trustees for the stockholders, many corporations call their governing board a board of trustees, though in those cases they act as a board of directors. Many UK charities are also limited liability companies registered with Companies House, in case the trustees are also directors of the company. This is the model if the charity owns property or employs people. The law on this in England changed considerably with the Charities Act of 2006, an account of the main changes can be found in Charities Act 2006 A guide to the new law by Michael King and Ann Phillips. One of the key changes made was that it introduced the Charitable Incorporated Organisation which is basically a limited liability charity, there are thus now two main aspects of corporate management of charities. One is the way in which a corporation is a corporate trustee of a given charity. The second is the new way, in which the charity itself is incorporated as a CIO, the advantages and disadvantages of the different methods is a complicated matter. According to King and Philips, many of the advantages of incorporating as a CIO are obtained if the trustees are not individuals but a corporate entity
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Harvard University
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Although never formally affiliated with any denomination, the early College primarily trained Congregationalist and Unitarian clergy. Its curriculum and student body were gradually secularized during the 18th century, james Bryant Conant led the university through the Great Depression and World War II and began to reform the curriculum and liberalize admissions after the war. The undergraduate college became coeducational after its 1977 merger with Radcliffe College, Harvards $34.5 billion financial endowment is the largest of any academic institution. Harvard is a large, highly residential research university, the nominal cost of attendance is high, but the Universitys large endowment allows it to offer generous financial aid packages. Harvards alumni include eight U. S. presidents, several heads of state,62 living billionaires,359 Rhodes Scholars. To date, some 130 Nobel laureates,18 Fields Medalists, Harvard was formed in 1636 by vote of the Great and General Court of the Massachusetts Bay Colony. In 1638, it obtained British North Americas first known printing press, in 1639 it was named Harvard College after deceased clergyman John Harvard an alumnus of the University of Cambridge who had left the school £779 and his scholars library of some 400 volumes. The charter creating the Harvard Corporation was granted in 1650 and it offered a classic curriculum on the English university model—many leaders in the colony had attended the University of Cambridge—but conformed to the tenets of Puritanism. It was never affiliated with any denomination, but many of its earliest graduates went on to become clergymen in Congregational. The leading Boston divine Increase Mather served as president from 1685 to 1701, in 1708, John Leverett became the first president who was not also a clergyman, which marked a turning of the college toward intellectual independence from Puritanism. When the Hollis Professor of Divinity David Tappan died in 1803 and the president of Harvard Joseph Willard died a year later, in 1804, in 1846, the natural history lectures of Louis Agassiz were acclaimed both in New York and on the campus at Harvard College. Agassizs approach was distinctly idealist and posited Americans participation in the Divine Nature, agassizs perspective on science combined observation with intuition and the assumption that a person can grasp the divine plan in all phenomena. When it came to explaining life-forms, Agassiz resorted to matters of shape based on an archetype for his evidence. Charles W. Eliot, president 1869–1909, eliminated the position of Christianity from the curriculum while opening it to student self-direction. While Eliot was the most crucial figure in the secularization of American higher education, he was motivated not by a desire to secularize education, during the 20th century, Harvards international reputation grew as a burgeoning endowment and prominent professors expanded the universitys scope. Rapid enrollment growth continued as new schools were begun and the undergraduate College expanded. Radcliffe College, established in 1879 as sister school of Harvard College, Harvard became a founding member of the Association of American Universities in 1900. In the early 20th century, the student body was predominately old-stock, high-status Protestants, especially Episcopalians, Congregationalists, by the 1970s it was much more diversified
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Yale University
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Yale University is an American private Ivy League research university in New Haven, Connecticut. Founded in 1701 in Saybrook Colony to train Congregationalist ministers, it is the third-oldest institution of education in the United States. The Collegiate School moved to New Haven in 1716, and shortly after was renamed Yale College in recognition of a gift from British East India Company governor Elihu Yale. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century the school introduced graduate and professional instruction, awarding the first Ph. D. in the United States in 1861 and organizing as a university in 1887. Yale is organized into fourteen constituent schools, the undergraduate college, the Yale Graduate School of Arts and Sciences. While the university is governed by the Yale Corporation, each schools faculty oversees its curriculum, the universitys assets include an endowment valued at $25.4 billion as of June 2016, the second largest of any U. S. educational institution. The Yale University Library, serving all constituent schools, holds more than 15 million volumes and is the third-largest academic library in the United States, Yale College undergraduates follow a liberal arts curriculum with departmental majors and are organized into a social system of residential colleges. Almost all faculty teach courses, more than 2,000 of which are offered annually. Students compete intercollegiately as the Yale Bulldogs in the NCAA Division I – Ivy League, Yale has graduated many notable alumni, including five U. S. Presidents,19 U. S. Supreme Court Justices,20 living billionaires, and many heads of state. In addition, Yale has graduated hundreds of members of Congress,57 Nobel laureates,5 Fields Medalists,247 Rhodes Scholars, and 119 Marshall Scholars have been affiliated with the University. Yale traces its beginnings to An Act for Liberty to Erect a Collegiate School, passed by the General Court of the Colony of Connecticut on October 9,1701, the Act was an effort to create an institution to train ministers and lay leadership for Connecticut. Soon thereafter, a group of ten Congregationalist ministers, Samuel Andrew, Thomas Buckingham, Israel Chauncy, Samuel Mather, the group, led by James Pierpont, is now known as The Founders. Originally known as the Collegiate School, the institution opened in the home of its first rector, Abraham Pierson, the school moved to Saybrook, and then Wethersfield. In 1716 the college moved to New Haven, Connecticut, the feud caused the Mathers to champion the success of the Collegiate School in the hope that it would maintain the Puritan religious orthodoxy in a way that Harvard had not. Cotton Mather suggested that the school change its name to Yale College, meanwhile, a Harvard graduate working in England convinced some 180 prominent intellectuals that they should donate books to Yale. The 1714 shipment of 500 books represented the best of modern English literature, science, philosophy and it had a profound effect on intellectuals at Yale. Undergraduate Jonathan Edwards discovered John Lockes works and developed his original theology known as the new divinity
36.
Private equity
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In finance, private equity is a type of equity and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange. A private equity investment will generally be made by an equity firm. Bloomberg Businessweek has called private equity a rebranding of leveraged-buyout firms after the 1980s, common investment strategies in private equity include, leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged-buyout transaction, a private-equity firm buys majority control of an existing or mature firm and this is distinct from a venture-capital or growth-capital investment, in which the investors invest in young, growing or emerging companies, and rarely obtain majority control. Private equity is often grouped into a broader category called private capital, generally used to describe capital supporting any long-term. The strategies private equity firms may use are as follows, leveraged buyout being the most important, the companies involved in these transactions are typically mature and generate operating cash flows. Leveraged buyouts involve a financial sponsor agreeing to an acquisition without itself committing all the capital required for the acquisition, to do this, the financial sponsor will raise acquisition debt which ultimately looks to the cash flows of the acquisition target to make interest and principal payments. Acquisition debt in an LBO is often non-recourse to the sponsor and has no claim on other investments managed by the financial sponsor. Historically the debt portion of a LBO will range from 60%–90% of the purchase price, between 2000–2005 debt averaged between 59. 4% and 67. 9% of total purchase price for LBOs in the United States. A private equity fund say for example, ABC Capital II, to this it adds $2bn of equity – money from its own partners and from limited partners. With this $11bn it buys all the shares of an underperforming company and it replaces the senior management in XYZ Industrial, and they set out to streamline it. The workforce is reduced, some assets are sold off, etc, the objective is to increase the value of the company for an early sale. The stock market is experiencing a market, and XYZ Industrial is sold two years after the buy-out for $13bn, yielding a profit of $2bn. The original loan can now be paid off with interest of say $0. 5bn, the remaining profit of $1. 5bn is shared among the partners. Taxation of such gains is at capital gains rates, notes, The lenders can insure against default by syndicating the loan to spread the risk, or by buying credit default swaps or selling collateralised debt obligations from/to other institutions. Often the loan/equity is not paid off after sale but left on the books of the company for it to pay off over time and this can be advantageous since the interest is typically offsettable against the profits of the company, thus reducing, or even eliminating, tax. Most buyout deals are much smaller, the average purchase in 2013 was $89m. The target company does not have to be floated on the stockmarket, buy-out operations can go wrong and in such cases the loss is increased by leverage, just as the profit is if all goes well
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Stanford University
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Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California, adjacent to Palo Alto and between San Jose and San Francisco. Its 8, 180-acre campus is one of the largest in the United States, Stanford also has land and facilities elsewhere. The university was founded in 1885 by Leland and Jane Stanford in memory of their only child, Stanford was a former Governor of California and U. S. Senator, he made his fortune as a railroad tycoon. The school admitted its first students 125 years ago on October 1,1891, Stanford University struggled financially after Leland Stanfords death in 1893 and again after much of the campus was damaged by the 1906 San Francisco earthquake. Following World War II, Provost Frederick Terman supported faculty and graduates entrepreneurialism to build self-sufficient local industry in what would later be known as Silicon Valley. The university is one of the top fundraising institutions in the country. There are three schools that have both undergraduate and graduate students and another four professional schools. Students compete in 36 varsity sports, and the university is one of two institutions in the Division I FBS Pac-12 Conference. Stanford faculty and alumni have founded a number of companies that produce more than $2.7 trillion in annual revenue. It is the alma mater of 30 living billionaires,17 astronauts and it is also one of the leading producers of members of the United States Congress. Sixty Nobel laureates and seven Fields Medalists have been affiliated with Stanford as students, alumni, Stanford University was founded in 1885 by Leland and Jane Stanford, dedicated to Leland Stanford Jr, their only child. The institution opened in 1891 on Stanfords previous Palo Alto farm, despite being impacted by earthquakes in both 1906 and 1989, the campus was rebuilt each time. In 1919, The Hoover Institution on War, Revolution and Peace was started by Herbert Hoover to preserve artifacts related to World War I, the Stanford Medical Center, completed in 1959, is a teaching hospital with over 800 beds. The SLAC National Accelerator Laboratory, which was established in 1962, in 2008, 60% of this land remained undeveloped. Besides the central campus described below, the university also operates at more remote locations, some elsewhere on the main campus. Stanfords main campus includes a place within unincorporated Santa Clara County. The campus also includes land in unincorporated San Mateo County, as well as in the city limits of Menlo Park, Woodside. The academic central campus is adjacent to Palo Alto, bounded by El Camino Real, Stanford Avenue, Junipero Serra Boulevard, the United States Postal Service has assigned it two ZIP codes,94305 for campus mail and 94309 for P. O. box mail
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Brown University
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Brown is the seventh-oldest institution of higher education in the United States and one of the nine Colonial Colleges established before the American Revolution. At its foundation, Brown was the first college in the United States to accept students regardless of their religious affiliation and its engineering program was established in 1847 and was the first in the Ivy League. It was one of the early doctoral-granting U. S. institutions in the late 19th century, adding master, Browns New Curriculum is sometimes referred to in education theory as the Brown Curriculum and was adopted by faculty vote in 1969 after a period of student lobbying. In 1971, Browns coordinate womens institution Pembroke College was fully merged into the university, Pembroke Campus now operates as a place for dorms and classrooms. Undergraduate admissions is very selective, with a rate of 8.3 percent for the class of 2021. The University comprises The College, the Graduate School, Alpert Medical School, the School of Engineering, the School of Public Health, and the School of Professional Studies. The Brown/RISD Dual Degree Program, offered in conjunction with the Rhode Island School of Design, is a course that awards degrees from both institutions. Browns main campus is located in the College Hill Historic District in the city of Providence, the Universitys neighborhood is a federally listed architectural district with a dense concentration of Colonial-era buildings. On the western edge of the campus, Benefit Street contains one of the finest cohesive collections of restored seventeenth-, Browns faculty and alumni include eight Nobel Prize laureates, five National Humanities Medalists, and ten National Medal of Science laureates. Other notable alumni include eight billionaire graduates, a U. S. Supreme Court Chief Justice, to erect a public Building or Buildings for the boarding of the youth & the Residence of the Professors. Stiles and Ellery were co-authors of the Charter of the College two years later, there is further documentary evidence that Stiles was making plans for a college in 1762. On January 20, Chauncey Whittelsey, pastor of the First Church of New Haven, answered a letter from Stiles, should you make any Progress in the Affair of a Colledge, I should be glad to hear of it, I heartily wish you Success therein. Isaac Backus was the historian of the New England Baptists and an inaugural Trustee of Brown, Mr. James Manning, who took his first degree in New-Jersey college in September,1762, was esteemed a suitable leader in this important work. Manning arrived at Newport in July 1763 and was introduced to Stiles, stiless first draft was read to the General Assembly in August 1763 and rejected by Baptist members who worried that the College Board of Fellows would under-represent the Baptists. A revised Charter written by Stiles and Ellery was adopted by the Assembly on March 3,1764, in September 1764, the inaugural meeting of the College Corporation was held at Newport. Governor Stephen Hopkins was chosen chancellor, former and future governor Samuel Ward was vice chancellor, John Tillinghast treasurer, the Charter stipulated that the Board of Trustees be composed of 22 Baptists, five Quakers, five Episcopalians, and four Congregationalists. Of the 12 Fellows, eight should be Baptists—including the College president—and the rest indifferently of any or all Denominations, the Charter was not the grant of King George III, as is sometimes supposed, but rather an Act of the colonial General Assembly. In two particulars, the Charter may be said to be a uniquely progressive document, the oft-repeated statement is inaccurate that Browns Charter alone prohibited a religious test for College membership, other college charters were also liberal in that particular
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George Washington University
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The George Washington University is a private research university in Washington, D. C. GW is the largest institution of education in Washington, D. C. In his will, Washington left his 50 shares in the Potomac Company to help endow the university, however, due to the companys financial difficulties, the funding did not materialize. The university was chartered by an act of Congress on February 9,1821 and its name was changed to Columbian University in 1873 and to the George Washington University in 1904, in honor of Washington. GWs Graduate School of Political Management is the school of applied politics in the nations capital. GWs professional schools and the Elliott School of International Affairs are consistently ranked highly in national and international college rankings lists, the Princeton Review consistently ranks GW as one of the Most Politically Active schools. Some of the graduates have gone on to high positions within both the U. S. government and foreign governments. Notable alumni include former Senate Minority Leader Harry Reid, former Secretary of State Colin Powell and he presented numerous letters to Congress and included the subject in his last will and testament. Baptist missionary and leading minister Luther Rice raised funds to purchase a site in Washington, the first commencement in 1824 was considered an important event for the young city of Washington, D. C. In attendance were President Monroe, John C, Calhoun, Henry Clay, Marquis de Lafayette and other dignitaries. During the Civil War, most students left to join the Confederacy, walt Whitman was among many of the volunteers to work on the campus. Following the war, in 1873, Columbian College became the Columbian University and moved to a downtown location centered on 15th and H streets. The university moved its operations to the D. C. neighborhood of Foggy Bottom in 1912. The George Washington University, like much of Washington, D. C. traces many of its origins back to the Freemasons, the Bible that the presidents of the university use to swear an oath on upon inauguration is the Bible of Freemason George Washington. Freemasonry symbols are displayed throughout the campus including the foundation stones of many of the university buildings. Many of the Colleges of the George Washington University stand out for their age, the Law School is the oldest law school in the District of Columbia. The School of Medicine and Health Sciences is the 11th oldest medical school in the nation, the Columbian College was founded in 1821, and is the oldest unit of the university. The Elliott School of International Affairs was formalized in 1898, the majority of the present infrastructure and financial stability at GW is due to the tenures of Presidents Cloyd Heck Marvin, Lloyd Hartman Elliott and Stephen Joel Trachtenberg
40.
University of Toronto
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The University of Toronto is a public research university in Toronto, Ontario, Canada on the grounds that surround Queens Park. It was founded by charter in 1827 as Kings College. Originally controlled by the Church of England, the university assumed the present name in 1850 upon becoming a secular institution, as a collegiate university, it comprises twelve colleges, which differ in character and history, each with substantial autonomy on financial and institutional affairs. It has two campuses in Scarborough and Mississauga. Academically, the University of Toronto is noted for influential movements and curricula in literary criticism and communication theory, by a significant margin, it receives the most annual scientific research funding of any Canadian university. It is one of two members of the Association of American Universities outside the United States, the other being McGill University, the Varsity Blues are the athletic teams that represent the university in intercollegiate league matches, with long and storied ties to gridiron football and ice hockey. The universitys Hart House is an example of the North American student centre. The founding of a college had long been the desire of John Graves Simcoe. As an Oxford-educated military commander who had fought in the American Revolutionary War, the Upper Canada Executive Committee recommended in 1798 a college be established in York, the colonial capital. On March 15,1827, a charter was formally issued by King George IV, proclaiming from this time one College, with the style. For the education of youth in the principles of the Christian Religion, the granting of the charter was largely the result of intense lobbying by John Strachan, the influential Anglican Bishop of Toronto who took office as the colleges first president. The original three-storey Greek Revival school building was built on the present site of Queens Park, under Strachans stewardship, Kings College was a religious institution closely aligned with the Church of England and the British colonial elite, known as the Family Compact. Reformist politicians opposed the control over colonial institutions and fought to have the college secularized. Having anticipated this decision, the enraged Strachan had resigned a year earlier to open Trinity College as a private Anglican seminary, University College was created as the nondenominational teaching branch of the University of Toronto. Established in 1878, the School of Practical Science was precursor to the Faculty of Applied Science and Engineering, while the Faculty of Medicine opened in 1843, medical teaching was conducted by proprietary schools from 1853 until 1887, when the faculty absorbed the Toronto School of Medicine. Meanwhile, the university continued to set examinations and confer medical degrees, the university opened the Faculty of Law in 1887, followed by the Faculty of Dentistry in 1888, when the Royal College of Dental Surgeons became an affiliate. Women were first admitted to the university in 1884, over the next two decades, a collegiate system took shape as the university arranged federation with several ecclesiastical colleges, including Strachans Trinity College in 1904. The university operated the Royal Conservatory of Music from 1896 to 1991, the University of Toronto Press was founded in 1901 as Canadas first academic publishing house
