United States dollar
The United States dollar is the official currency of the United States and its territories per the United States Constitution since 1792. In practice, the dollar is divided into 100 smaller cent units, but is divided into 1000 mills for accounting; the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. Since the suspension in 1971 of convertibility of paper U. S. currency into any precious metal, the U. S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U. S. dollar is the world's primary reserve currency. Several countries use it as their official currency, in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or accept U. S. dollar coins. As of June 27, 2018, there are $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes.
Article I, Section 8 of the U. S. Constitution provides that the Congress has the power "To coin money". Laws implementing this power are codified at 31 U. S. C. § 5112. Section 5112 prescribes the forms; these coins are both designated in Section 5112 as "legal tender" in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar; the pure silver dollar is known as the American Silver Eagle. Section 5112 provides for the minting and issuance of other coins, which have values ranging from one cent to 100 dollars; these other coins are more described in Coins of the United States dollar. The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time"; that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the "Statements" are being expressed in U. S. dollars. The U. S. dollar may therefore be described as the unit of account of the United States.
The word "dollar" is one of the words in the first paragraph of Section 9 of Article I of the Constitution. There, "dollars" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act. Section 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver". Section 20 of the act provided, "That the money of account of the United States shall be expressed in dollars, or units... and that all accounts in the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation". In other words, this act designated the United States dollar as the unit of currency of the United States. Unlike the Spanish milled dollar, the U.
S. dollar is based upon a decimal system of values. In addition to the dollar the coinage act established monetary units of mill or one-thousandth of a dollar, cent or one-hundredth of a dollar, dime or one-tenth of a dollar, eagle or ten dollars, with prescribed weights and composition of gold, silver, or copper for each, it was proposed in the mid-1800s that one hundred dollars be known as a union, but no union coins were struck and only patterns for the $50 half union exist. However, only cents are in everyday use as divisions of the dollar. XX9 per gallon, e.g. $3.599, more written as $3.599⁄10. When issued in circulating form, denominations equal to or less than a dollar are emitted as U. S. coins while denominations equal to or greater than a dollar are emitted as Federal Reserve notes. Both one-dollar coins and notes are produced today, although the note form is more common. In the past, "paper money" was issued in denominations less than a dollar and gold coins were issued for circulation up to the value of $20.
The term eagle was used in the Coinage Act of 1792 for the denomination of ten dollars, subsequently was used in naming gold coins. Paper currency less than one dollar in denomination, known as "fractional currency", was sometimes pejoratively referred to as "shinplasters". In 1854, James Guthrie Secretary of the Treasury, proposed creating $100, $50 and $25 gold coins, which were referred to as a "Union", "Half Union", "Quarter Union", thus implying a denomination of 1 Union = $100. Today, USD notes are made from cotton fiber paper, unlike most common paper, made of wood fiber. U. S. coins are produced by the United States Mint. U. S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by t
Sociology is the scientific study of society, patterns of social relationships, social interaction, culture of everyday life. It is a social science that uses various methods of empirical investigation and critical analysis to develop a body of knowledge about social order and change or social evolution. While some sociologists conduct research that may be applied directly to social policy and welfare, others focus on refining the theoretical understanding of social processes. Subject matter ranges from the micro-sociology level of individual agency and interaction to the macro level of systems and the social structure; the different traditional focuses of sociology include social stratification, social class, social mobility, secularization, sexuality and deviance. As all spheres of human activity are affected by the interplay between social structure and individual agency, sociology has expanded its focus to other subjects, such as health, economy and penal institutions, the Internet, social capital, the role of social activity in the development of scientific knowledge.
The range of social scientific methods has expanded. Social researchers draw upon a variety of quantitative techniques; the linguistic and cultural turns of the mid-20th century led to interpretative and philosophic approaches towards the analysis of society. Conversely, the end of the 1990s and the beginning of the 2000s have seen the rise of new analytically and computationally rigorous techniques, such as agent-based modelling and social network analysis. Social research informs politicians and policy makers, planners, administrators, business magnates, social workers, non-governmental organizations, non-profit organizations, people interested in resolving social issues in general. There is a great deal of crossover between social research, market research, other statistical fields. Sociological reasoning predates the foundation of the discipline. Social analysis has origins in the common stock of Western knowledge and philosophy, has been carried out from as far back as the time of ancient Greek philosopher Plato, if not before.
The origin of the survey, i.e. the collection of information from a sample of individuals, can be traced back to at least the Domesday Book in 1086, while ancient philosophers such as Confucius wrote about the importance of social roles. There is evidence of early sociology in medieval Arab writings; some sources consider Ibn Khaldun, a 14th-century Arab Islamic scholar from North Africa, to have been the first sociologist and father of sociology. The word sociology is derived from both Greek origins; the Latin word: socius, "companion". It was first coined in 1780 by the French essayist Emmanuel-Joseph Sieyès in an unpublished manuscript. Sociology was defined independently by the French philosopher of science, Auguste Comte in 1838 as a new way of looking at society. Comte had earlier used the term social physics, but that had subsequently been appropriated by others, most notably the Belgian statistician Adolphe Quetelet. Comte endeavoured to unify history and economics through the scientific understanding of the social realm.
Writing shortly after the malaise of the French Revolution, he proposed that social ills could be remedied through sociological positivism, an epistemological approach outlined in The Course in Positive Philosophy and A General View of Positivism. Comte believed a positivist stage would mark the final era, after conjectural theological and metaphysical phases, in the progression of human understanding. In observing the circular dependence of theory and observation in science, having classified the sciences, Comte may be regarded as the first philosopher of science in the modern sense of the term. Comte gave a powerful impetus to the development of sociology, an impetus which bore fruit in the decades of the nineteenth century. To say this is not to claim that French sociologists such as Durkheim were devoted disciples of the high priest of positivism, but by insisting on the irreducibility of each of his basic sciences to the particular science of sciences which it presupposed in the hierarchy and by emphasizing the nature of sociology as the scientific study of social phenomena Comte put sociology on the map.
To be sure, beginnings can be traced back well beyond Montesquieu, for example, to Condorcet, not to speak of Saint-Simon, Comte's immediate predecessor. But Comte's clear recognition of sociology as a particular science, with a character of its own, justified Durkheim in regarding him as the father or founder of this science, in spite of the fact that Durkheim did not accept the idea of the three states and criticized Comte's approach to sociology. Both Auguste Comte and Karl Marx set out to develop scientifically justified systems in the wake of European industrialization and secularization, informed by various key movements in the philosophies of history and science. Marx rejected Comtean positivism but in attempting to develop a science of society came to be recognized as a founder of sociology as the word gained wider meaning. For Isaiah Berlin, Marx may be regarded as the "true father" of modern sociology, "in so far as anyone can claim the title."To have given clear and unified answers in familiar empirical terms to those theor
ESPN is a U. S.-based sports television channel owned by ESPN Inc. a joint venture owned by The Walt Disney Company and Hearst Communications. The company was founded in 1979 by Bill Rasmussen along with his son Scott Ed Egan. ESPN broadcasts from studio facilities located in Bristol, Connecticut; the network operates offices in Miami, New York City, Seattle and Los Angeles. James Pitaro serves as chairman of ESPN, a position he has held since March 5, 2018 due to the resignation of John Skipper on December 18, 2017. While ESPN is one of the most successful sports networks, there has been much criticism of ESPN, which includes accusations of biased coverage, conflict of interest, controversies with individual broadcasters and analysts; as of January 2016, ESPN is available to 91,405,000 paid television households in the United States. Nielsen has reported a much lower number in 2017, below 90,000,000 subscribers, losing more than 10,000 a day. In addition to the flagship channel and its seven related channels in the United States, ESPN broadcasts in more than 200 countries, operating regional channels in Australia, Latin America and the United Kingdom, owning a 20% interest in The Sports Network as well as its five sister networks in Canada.
In 2011, ESPN's history and rise was chronicled in Those Guys Have All the Fun, a nonfiction book written by James Andrew Miller and Tom Shales and published by Little and Company. Bill Rasmussen conceived the concept of ESPN in late May 1978, after he was fired from his job with the World Hockey Association's New England Whalers. One of the first steps in Bill and his son Scott's process was finding land to build the channel's broadcasting facilities; the Rasmussens first rented office space in Plainville, Connecticut. However, the plan to base ESPN there was put on hold because a local ordinance prohibiting buildings from bearing rooftop satellite dishes. Available land area was found in Bristol, with funding to buy the property provided by Getty Oil, which purchased 85% of the company from Bill Rasmussen on February 22, 1979, in an attempt to diversify the company's holdings; this helped the credibility of the fledgling company, however there were still many doubters to the viability of their sports channel concept.
Another event that helped build ESPN's credibility was securing an advertising agreement with Anheuser-Busch in the spring of 1979. Taped in front of a small live audience inside the Bristol studios, it was broadcast to 1.4 million cable subscribers throughout the United States. ESPN's next big break came when the channel acquired the rights to broadcast coverage of the early rounds of the NCAA Men's Division I Basketball Tournament, it first aired the NCAA tournament in March 1980, creating the modern day television event known as "March Madness." The channel's tournament coverage launched the broadcasting career of Dick Vitale, who at the time he joined ESPN, had just been fired as head coach of the Detroit Pistons. In April of that year, ESPN created another made-for-TV spectacle, when it began televising the NFL Draft, it provided complete coverage of the event that allowed rookie players from the college ranks to begin their professional careers in front of a national television audience in ways they were not able to previously.
The next major stepping stone for ESPN came over the course of a couple of months in 1984. During this time period, the American Broadcasting Company purchased 100% of ESPN from the Rasmussens and Getty Oil. Under Getty ownership, the channel was unable to compete for the television rights to major sports events contracts as its majority corporate parent would not provide the funding, leading ESPN to lose out for broadcast deals with the National Hockey League and NCAA Division I college football. For years, the NFL, NBA and Major League Baseball refused to consider cable as a means of broadcasting some of their games. However, with the backing of ABC, ESPN's ability to compete for major sports contracts increased, gave it credibility within the sports broadcasting industry. In 1984, the U. S. Supreme Court ruled that the NCAA could no longer monopolize the rights to negotiate the contracts for college football games, allowing each individual school to negotiate broadcast deals of their choice.
ESPN took full advantage and began to broadcast a large number of NCAA football games, creating an opportunity for fans to be able to view multiple games each weekend, the same deal that the NCAA had negotiated with TBS. ESPN's breakthrough moment occurred in 1987, when it secured a contract with the NFL to broadcast eight games during that year's regular season – all of which aired on Sunday nights, marking the first broadcasts of Sunday NFL primetime games. ESPN's Sunday Night Football games would become the highest-rated NFL telecasts for the next 17 years; the channel's decision to broadcast NFL games on Sunday evenings resulted in a decline in viewership for the daytime games shown on the major broadcast networks, marking the first time that ESPN had been a legitimate competitor to NBC and CBS, which had long dominated the sports television market. In 19
2007 NBA betting scandal
The 2007 NBA betting scandal was a scandal involving the National Basketball Association and accusations that an NBA referee used his knowledge of relationships between referees, coaches and owners to bet on professional basketball games. In July 2007, reports of an investigation by the Federal Bureau of Investigation were made public, which alleged that during the 2005–06 and 2006–07 NBA seasons, referee Tim Donaghy bet on games in which he officiated. On August 15, 2007, Donaghy pleaded guilty to two federal charges related to the investigation, a year he was sentenced to 15 months in prison and three years of supervised release; as a result, the general reaction by the media was that the NBA's popularity would be hurt by the news of this scandal. The story first broke when the New York Post reported that the FBI was investigating allegations that an NBA referee had bet on games; the story was soon picked up by other major news agencies, as it was revealed that Donaghy was the referee under investigation.
The reports claimed that Donaghy had started betting on games in 2005, had connections to organized crime. The day after the initial reports, NBA commissioner David Stern said that "no amount of effort, time or personnel is being spared to assist in this investigation, to bring to justice an individual who has betrayed the most sacred trust in professional sports, to take the necessary steps to protect against this happening again." He held a press conference on July 24 to address questions about the investigation. Although he called the Donaghy matter "an isolated case", he said it was "the most serious situation and worst situation that I have experienced". On July 27, U. S. Congressman Bobby Rush of Illinois, chairman of the Energy and Commerce Commerce and Consumer Protection Subcommittee, asked to meet with Stern regarding the Donaghy matter. In a letter to Stern, Rush indicated that he might call a hearing "should the facts warrant public scrutiny." He said that the affair could be "one of the most damaging scandals in the history of American sports."
On the same day, it was reported that a high school classmate of Donaghy's, the classmate's boss, had bet on NBA games based on Donaghy's tips. Donaghy revealed that he was rewarded $2,000 cash for each correct pick based on the tips he would pass along. After the initial reports, Donaghy stayed at his home, before moving to a secure location to avoid the media scrutiny, he surrendered on August 15, 2007, pleaded guilty to two felony charges of conspiracy. He told judges that he had used coded language to tip others about players' physical condition and player/referee relations, he admitted to passing information about two games during the 2006–07 season. In total, he received $30,000 to pass inside information to the bookies. Donaghy admitted that he had a severe gambling addiction, was on medication to address it, he was released on a $250,000 bond. On June 11, 2008, Donaghy alleged in a statement through his lawyers that several series in the NBA Playoffs had been improperly refereed according to the NBA's instructions.
He alluded to a playoff game where "personal fouls were ignored when they occurred in full view of the referees" because "it was in the NBA's interest to add another game to the series." The game referred to was believed to be Game 6 of the 2002 Western Conference Finals between the Los Angeles Lakers and the Sacramento Kings, in which the Lakers shot 27 free throws in the fourth quarter. Donaghy referred to a playoff series where "Team 3's Owner alleged that referees were letting a Team 4 player get away with illegal screens. NBA Executive Y told Referee Supervisor Z that the referees for that game were to enforce the screening rules against that Team 4 player." The playoff series was believed to be the first-round encounter between the Houston Rockets and the Dallas Mavericks in the 2005 NBA Playoffs. The Rockets led 2–0 in the series before losing in 7 games, then-Rockets head coach Jeff Van Gundy was fined $100,000 for stating that a referee was targeting Houston center Yao Ming. On July 29, 2008, Donaghy was sentenced to 15 months in prison, three years of supervised release.
Although his lawyer asked for a probationary sentence, Donaghy admitted that he had "brought shame on myself, my family and the profession."Donaghy was released from federal prison on November 4, 2009. Before being released he wrote a tell all book on himself and the NBA titled Personal Foul: A First-Person Account of the Scandal That Rocked the NBA, he is under supervised release by a federal parole-type officer. After the reports were released, several writers said that the NBA's popularity would be hurt by the news. Chris Sheridan of ESPN said that "the general American public has been turning away since the end of the Bulls' dynasty, this fiasco isn't going to help bring it back," and J. A. Adande said that "the integrity of the games just took a major hit."Sports gambling expert R. J. Bell, president of sports betting information site Pregame.com, tracked every game Donaghy worked from 2003 to 2007. He discovered that during the two seasons investigated by the NBA, the teams involved scored more points than expected by the Las Vegas sports books 57 percent of the time.
In the previous two seasons, this only happened 44 percent of the time. According to Bell, the odds of such a discrepancy are 1 in 1,000, there was "a 99.9 percent chance that these results would not have happened without an outside factor." He found 10 straight games in 2007 in which Donaghy worked the game that the point spread moved 1.5 points or more before the tip — an indication that big money had been wagered on the game. The big
Michael Jeffrey Jordan known by his initials, MJ, is an American former professional basketball player, the principal owner and chairman of the Charlotte Hornets of the National Basketball Association. He played 15 seasons in the NBA for the Chicago Bulls and Washington Wizards, his biography on the official NBA website states: "By acclamation, Michael Jordan is the greatest basketball player of all time." He was one of the most marketed athletes of his generation and was considered instrumental in popularizing the NBA around the world in the 1980s and 1990s. Jordan played three seasons for coach Dean Smith at the University of North Carolina; as a freshman, he was a member of the Tar Heels' national championship team in 1982. Jordan joined the Bulls in 1984 as the third overall draft pick, he emerged as a league star and entertained crowds with his prolific scoring. His leaping ability, demonstrated by performing slam dunks from the free throw line in Slam Dunk Contests, earned him the nicknames Air Jordan and His Airness.
He gained a reputation for being one of the best defensive players in basketball. In 1991, he won his first NBA championship with the Bulls, followed that achievement with titles in 1992 and 1993, securing a "three-peat". Although Jordan abruptly retired from basketball before the beginning of the 1993–94 NBA season, started a new career in Minor League Baseball, he returned to the Bulls in March 1995 and led them to three additional championships in 1996, 1997, 1998, as well as a then-record 72 regular-season wins in the 1995–96 NBA season. Jordan retired for a second time in January 1999, but returned for two more NBA seasons from 2001 to 2003 as a member of the Wizards. Jordan's individual accolades and accomplishments include six NBA Finals Most Valuable Player Awards, ten scoring titles, five MVP Awards, ten All-NBA First Team designations, nine All-Defensive First Team honors, fourteen NBA All-Star Game selections, three All-Star Game MVP Awards, three steals titles, the 1988 NBA Defensive Player of the Year Award.
He holds the NBA records for highest career regular season scoring average and highest career playoff scoring average. In 1999, he was named the greatest North American athlete of the 20th century by ESPN, was second to Babe Ruth on the Associated Press' list of athletes of the century. Jordan is a two-time inductee into the Naismith Memorial Basketball Hall of Fame, having been enshrined in 2009 for his individual career, again in 2010 as part of the group induction of the 1992 United States men's Olympic basketball team, he became a member of the FIBA Hall of Fame in 2015. Jordan is known for his product endorsements, he fueled the success of Nike's Air Jordan sneakers, which were introduced in 1984 and remain popular today. Jordan starred as himself in the 1996 film Space Jam. In 2006, he became part-owner and head of basketball operations for the Charlotte Bobcats, bought a controlling interest in 2010. In 2014, Jordan became the first billionaire player in NBA history, he is the third-richest African-American, behind Robert F. Oprah Winfrey.
Jordan was born in Brooklyn, New York, to Deloris, who worked in banking, James R. Jordan Sr. an equipment supervisor. His family moved to Wilmington, North Carolina. Jordan is the fourth of five children, he has two older brothers, Larry Jordan and James R. Jordan, Jr. one older sister and one younger sister, Roslyn. Jordan's brother James retired in 2006 as the Command Sergeant Major of the 35th Signal Brigade of the XVIII Airborne Corps in the U. S. Army. Jordan attended Emsley A. Laney High School in Wilmington, where he highlighted his athletic career by playing basketball and football, he tried out for the varsity basketball team during his sophomore year, but at 5'11", he was deemed too short to play at that level. His taller friend, Harvest Leroy Smith, was the only sophomore to make the team. Motivated to prove his worth, Jordan became the star of Laney's junior varsity team, tallied several 40-point games; the following summer, he trained rigorously. Upon earning a spot on the varsity roster, Jordan averaged more than 25 points per game over his final two seasons of high school play.
As a senior, he was selected to play in the 1981 McDonald's All-American Game and scored 30 points, after averaging 27 points, 12 rebounds and 6 assists per game for the season. Jordan was recruited by numerous college basketball programs, including Duke, North Carolina, South Carolina and Virginia. In 1981, Jordan accepted a basketball scholarship to North Carolina, where he majored in cultural geography; as a freshman in coach Dean Smith's team-oriented system, he was named ACC Freshman of the Year after he averaged 13.4 ppg on 53.4% shooting. He made the game-winning jump shot in the 1982 NCAA Championship game against Georgetown, led by future NBA rival Patrick Ewing. Jordan described this shot as the major turning point in his basketball career. During his three seasons at North Carolina, he averaged 17.7 ppg on 54.0% shooting, added 5.0 rpg. He was selected by consensus to the NCAA All-American First Team in both his sophomore and junior seasons. After winning the Naismith and the Wooden College Player of the Year awards in 1984, Jordan left North Carolina one year before his scheduled graduation to enter the 1984 NBA draft.
The Chicago Bulls selected Jordan after Hakeem Olajuwon and Sam Bowie. One of the primary reasons why Jordan was not drafted
Chicago the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450, it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area referred to as Chicagoland, the county seat of Cook County, the second most populous county in the United States; the metropolitan area, at nearly 10 million people, is the third-largest in the United States, the fourth largest in North America and the third largest metropolitan area in the world by land area. Located on the shores of freshwater Lake Michigan, Chicago was incorporated as a city in 1837 near a portage between the Great Lakes and the Mississippi River watershed and grew in the mid-nineteenth century. After the Great Chicago Fire of 1871, which destroyed several square miles and left more than 100,000 homeless, the city made a concerted effort to rebuild; the construction boom accelerated population growth throughout the following decades, by 1900 Chicago was the fifth largest city in the world.
Chicago made noted contributions to urban planning and zoning standards, including new construction styles, the development of the City Beautiful Movement, the steel-framed skyscraper. Chicago is an international hub for finance, commerce, technology, telecommunications, transportation, it is the site of the creation of the first standardized futures contracts at the Chicago Board of Trade, which today is the largest and most diverse derivatives market gobally, generating 20% of all volume in commodities and financial futures. O'Hare International Airport is the one of the busiest airports in the world, the region has the largest number of U. S. highways and greatest amount of railroad freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research Network, it ranked seventh in the entire world in the 2017 Global Cities Index; the Chicago area has one of the highest gross domestic products in the world, generating $680 billion in 2017. In addition, the city has one of the world's most diversified and balanced economies, not being dependent on any one industry, with no single industry employing more than 14% of the workforce.
Chicago's 58 million domestic and international visitors in 2018, made it the second most visited city in the nation, behind New York City's approximate 65 million visitors. The city ranked first place in the 2018 Time Out City Life Index, a global quality of life survey of 15,000 people in 32 cities. Landmarks in the city include Millennium Park, Navy Pier, the Magnificent Mile, the Art Institute of Chicago, Museum Campus, the Willis Tower, Grant Park, the Museum of Science and Industry, Lincoln Park Zoo. Chicago's culture includes the visual arts, film, comedy and music jazz, soul, hip-hop and electronic dance music including house music. Of the area's many colleges and universities, the University of Chicago, Northwestern University, the University of Illinois at Chicago are classified as "highest research" doctoral universities. Chicago has professional sports teams in each of the major professional leagues, including two Major League Baseball teams; the name "Chicago" is derived from a French rendering of the indigenous Miami-Illinois word shikaakwa for a wild relative of the onion, known to botanists as Allium tricoccum and known more as ramps.
The first known reference to the site of the current city of Chicago as "Checagou" was by Robert de LaSalle around 1679 in a memoir. Henri Joutel, in his journal of 1688, noted that the eponymous wild "garlic" grew abundantly in the area. According to his diary of late September 1687:...when we arrived at the said place called "Chicagou" which, according to what we were able to learn of it, has taken this name because of the quantity of garlic which grows in the forests in this region. The city has had several nicknames throughout its history such as the Windy City, Chi-Town, Second City, the City of the Big Shoulders, which refers to the city's numerous skyscrapers and high-rises. In the mid-18th century, the area was inhabited by a Native American tribe known as the Potawatomi, who had taken the place of the Miami and Sauk and Fox peoples; the first known non-indigenous permanent settler in Chicago was Jean Baptiste Point du Sable. Du Sable arrived in the 1780s, he is known as the "Founder of Chicago".
In 1795, following the Northwest Indian War, an area, to be part of Chicago was turned over to the United States for a military post by native tribes in accordance with the Treaty of Greenville. In 1803, the United States Army built Fort Dearborn, destroyed in 1812 in the Battle of Fort Dearborn and rebuilt; the Ottawa and Potawatomi tribes had ceded additional land to the United States in the 1816 Treaty of St. Louis; the Potawatomi were forcibly removed from their land after the Treaty of Chicago in 1833. On August 12, 1833, the Town of Chicago was organized with a population of about 200. Within seven years it grew to more than 4,000 people. On June 15, 1835, the first public land sales began with Edmund Dick Taylor as U. S. Receiver of Public Monies; the City of Chicago was incorporated on Saturday, March 4, 1837, for several decades was the world's fastest-growing city. As the site of the Chicago Portage, the city became an important transportation hub between the eastern and western United States.
Chicago's first railway and Chicago Union Railroad, the Illi
The NBA Finals is the championship series of the National Basketball Association. The Eastern and Western conference champions play a best-of-seven game series to determine the league champion; the winners of the Finals are awarded the Larry O'Brien Championship Trophy, which replaced the Walter A. Brown Trophy in 1983; the series was known as the BAA Finals prior to the 1949–50 season when the Basketball Association of America merged with the National Basketball League to form the NBA. The competition oversaw further name changes to NBA World Championship Series from 1950 to 1985, as well as a brief stint as the Showdown, before settling on NBA Finals in 1986; the NBA Finals was structured to harbor a 2-2-1-1-1 format. In 1985, it was changed to a 2–3–2 format to ease the amount of cross country travel until 2013, where the first two and last two games of the series were played at the arena of the team who earned home-court advantage by having the better record during the regular season. In 2014, the 2–2–1–1–1 format was restored.
The first two are played at home for the higher-seeded team, the following two at the home of the lower-seeded team. The following three are played at each team's home arena alternately. A total of 18 franchises have won the NBA Finals, with the Golden State Warriors the current champion; the Boston Celtics hold the record for the most victories, having won the competition 17 times, as well as winning the competition the most times in a row, winning it eight times from 1959 to 1966. The Los Angeles Lakers have contested the NBA Finals the most times, with 31 appearances; the Eastern Conference has provided the most champions, with 38 wins from ten franchises. The Boston Celtics went 11–1 in the NBA Finals during 13 seasons, they won eight straight NBA championships from 1959 through 1966. This period marks the largest stretch of seasons that a single team made up over 65% of Finals appearances, includes the only time the NBA Finals was decided in double overtime. With the establishment of the Celtics dynasty in 1957 spearheaded by center Bill Russell, the team saw great success, only encountering difficulty when up against teams led by Wilt Chamberlain.
However, for most of the late 1950s and 1960s, the Celtics and Russell managed to have an upper hand on Chamberlain's teams. In 1964, who had moved to the state of California alongside his team, led the San Francisco Warriors to a Western Conference championship, but again failed to conquer the Celtics; the following season, he returned to the Eastern Conference to join the Philadelphia 76ers, who were the former Syracuse Nationals that had relocated to the city to cover the vacancy created with the departure of the Warriors. The first clash between the two stars in the playoffs was in 1966, with Boston winning the series 4–1. In the following season, Philadelphia coach Alex Hannum instructed Chamberlain to provide an increased focus on playing a team game, to avoid drawing the double-teams that troubled Chamberlain during the Finals; this tactical change brought the team to a new record of 68 wins the following season, as well as defeating the Celtics before winning the Finals. In 1968, Boston overcame a 3–1 deficit against Philadelphia to once again arrive in the Finals.
They went on to defeat the Los Angeles Lakers in the Finals to again become NBA Champions. In 1969, the Celtics faced great difficulty entering the postseason, as they had an aging team and multiple injuries to a number of players, they qualified for the playoffs as the fourth and final seed in the East, while the Lakers, who had added Chamberlain in the offseason to join stars Jerry West and Elgin Baylor. The Lakers won the West and were prohibitive favorites to become Champions for the first time since relocating to Los Angeles. Despite holding a 2-1 advantage going into Game 4, the Lakers led 87–86 and had the ball with 10 seconds to play, but after a turnover, Sam Jones scored tying the series. The series was tied 3-3 going into Game 7 in Los Angeles, with Lakers owner Jack Cooke hanging balloons in the arena in anticipation of a Lakers victory. West picked up injuries to his thigh and hamstring during the series, returned to play for the final game. Russell utilized this newly lacking mobility in West to organize fast breaks at every opportunity for the Celtics, which allowed them to gain an early lead.
They held off a furious Lakers comeback to win 108–106 and win the series, win their eleventh championship in 13 years. As many stars either declined or retired following this win, it is recognized as the last NBA Finals conducted by the Celtics dynasty; the 1970s saw. In 1970, a classic final featured the Knicks against the Lakers. In the waning moments of Game 3, with the series tied, Jerry West hit a basket from 60 feet to tie the game, a shot which became one of the most famous ever. However, the Knicks won in overtime and continued their momentum for a 4–3 win, becoming the first team after the Celtics dynasty to win an NBA championship; the Milwaukee Bucks won their first franchise title, defeating the Baltimore Bullets in 1971. Two seasons after losing in the Finals, the Lakers got a measure of revenge by winning 33 straight games, the longest such streak in NBA history. By season's end, they broke the record for most wins in a season with 69, one more than the 1966–67 Philadelphia 76ers, before taking home the championship for the first time since relocating to Los Angeles.
The Knicks returned to win the championship round again a season to record their second victorious season. Despite the rise of the Knicks, the