Laissez-Faire in American History: Origins and Influences Laissez-faire, a French term meaning “let them do [what they will],” is an economic doctrine that advocates for minimal government intervention in the economy. This doctrine gained prominence in America during the 19th century, particularly during the Gilded Age. Origins of Laissez-Faire The…
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Where does the word laissez faire come from?
Origin of the Term “Laissez Faire” The term “laissez faire” emerged from a meeting around 1681 between Jean-Baptiste Colbert, the French Controller-General of Finances, and French businessmen (Merriam-Webster). When Colbert inquired about how the French state could support merchants and commerce, M. Le Gendre, a businessman, responded with “Laissez-nous faire”…
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Do you lose Kohl’s cash when you return?
If you make a return where Kohl’s Cash® was used to purchase items being returned, that Kohl’s Cash® will be returned to you. You earned this coupon and we wouldn’t take this away from you. If the original Kohl’s Cash® coupon is still valid, the value will be returned to…
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Minimum Deposit and Balance Requirements for Checking Accounts
Minimum Deposit Requirements When opening a checking account, banks typically require an initial deposit to activate the account. This minimum deposit amount can vary among different financial institutions. Key Facts Minimum deposit requirements: Banks typically require an initial deposit between $25 and $100 to open a checking account. Varying deposit…
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What is Army PMCS?
Army Preventive Maintenance Checks and Services (PMCS) Purpose Army PMCS aims to generate and regenerate combat power, preserve the capital investment of combat systems and equipment, and enable training and mission accomplishment. It is based on the principle that the useful service life of Army equipment is achieved when it…
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What is a DA 2404?
DA Form 2404: Equipment Inspection and Maintenance Worksheet The DA Form 2404, also known as the Equipment Inspection and Maintenance Worksheet, is a vital document used by the US Army to maintain and inspect its equipment (Blanker.org, 2023). Its primary purpose is to ensure that all equipment is in optimal…
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Who owns OnDeck?
Acquisition of OnDeck by Enova International Transaction Details Key Facts Acquisition: OnDeck was acquired by Enova International, a Chicago-based consumer lender, in July 2020. Transaction Details: The acquisition was a cash and stock transaction valued at approximately $90 million. Ownership: Following the acquisition, Enova became the owner of OnDeck. Strategic…
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Dawn Staley: Age and Career Highlights
Age Dawn Michelle Staley was born on May 4, 1970, making her 53 years old as of today. Key Facts Age: Dawn Staley was born on May 4, 1970, which makes her currently 53 years old. Playing Career: Staley had a successful playing career, both in college and professionally. She…
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Does systematic or unsystematic risk require a risk premium?
Systematic vs. Unsystematic Risk and the Risk Premium In the realm of investing, risk and return go hand in hand. Investors expect to be compensated for taking on risk, and this compensation is known as the risk premium. However, not all risks are created equal. Systematic risk and unsystematic risk…
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Capital in Sociology
In sociology, the term “capital” refers to the accumulated status and resources that individuals or groups possess, contributing to their social mobility and power in society. Capital can take various forms, including economic, social, and cultural capital, among others. Key Facts Definition: In sociology, capital refers to the accumulated status…
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Main Purpose of SNAP Quizlet
SNAP Quizlet is an online learning tool designed to assist individuals in preparing for the Supplemental Nutrition Assistance Program (SNAP) exam. SNAP, formerly known as the Food Stamp Program, is a federal nutrition assistance program administered by the United States Department of Agriculture (USDA) [1]. Key Facts SNAP, formerly known…
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Applying for HUD Housing Assistance in Colorado
Eligibility Criteria To qualify for HUD housing assistance programs in Colorado, applicants must meet specific eligibility criteria, including: Key Facts Determine your eligibility: HUD programs have specific eligibility criteria based on factors such as income, family size, and citizenship status. Make sure you meet the requirements before applying. Contact your…
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Construction Loans: A Comprehensive Guide
Construction loans are specialized financial products designed to support the construction of residential properties from the ground up. Unlike traditional mortgages, construction loans provide short-term financing to cover the costs associated with building a home. Key Facts Construction loans are short-term loans specifically designed to fund the building of a…
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Homeowners Protection Act: A Comprehensive Overview
The Homeowners Protection Act of 1998 (HPA or PMI Cancellation Act) was enacted to address the challenges homeowners faced in canceling private mortgage insurance (PMI) coverage [2]. This act aims to protect homeowners, establish uniform procedures for PMI cancellation and termination, and ensure the return of unearned premiums. Key Facts…
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Kanban: A Comprehensive Management Method
Definition and Etymology Kanban, derived from Japanese, signifies “sign” or “large visual board” in Kanji (Chinese characters) and “signal card(s)” in Hiragana (the Japanese alphabet). Key Facts Meaning of “Kanban”: In Kanji (Chinese characters), kanban means “sign” or “large visual board”. In Hiragana (the Japanese alphabet), kanban means “signal card(s)”.…
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How do you perform an internal audit risk assessment?
How to Perform an Internal Audit Risk Assessment Understand the Organization Key Facts Understand the Organization: Gain a thorough understanding of the organization’s objectives, business processes, and goals. Consider external factors such as regulatory requirements, industry trends, and economic conditions that may impact the organization’s risk profile. Identify Potential Risks:…
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Islamic Finance and Interest-Free Loans
Islamic Finance: A Brief Overview Islamic finance adheres to the principles of Islamic law (Sharia) and prohibits the charging or receiving of interest (riba). This prohibition stems from the belief that interest is exploitative and creates inequality. Key Facts Islamic Finance: Islamic finance is a financial system that operates according…
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Regulation W Compliance: An Overview
Definition and Scope Regulation W is a Federal Reserve System (FRS) regulation that restricts certain transactions between depository institutions, such as banks, and their affiliates. It consolidates interpretations and rulemaking under Sections 23A and 23B of the Federal Reserve Act. Regulation W applies to banks that are members of the…
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Home Management: A Comprehensive Guide to Running an Efficient Household
Home management encompasses the various tasks and responsibilities involved in maintaining a well-organized and functional household. Effective home management skills enable individuals to run their homes efficiently, creating a more enjoyable and stress-free living environment. Key Facts Create a Home Management System: Establish a to-do list system to keep track…
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Are prepaid items part of closing costs?
Prepaid Costs vs. Closing Costs in Home Buying Prepaid Costs Key Facts Prepaid costs when buying a home can include an initial escrow deposit, homeowners insurance premium, real estate property taxes, and mortgage interest. Prepaid payments are typically held in an escrow account by the lender and distributed as needed.…