Society

History Since the Middle Ages, when ships were the primary mode of international trade, the bill of lading has been used as a legal document. It served as a receipt for the goods shipped as well as proof of the contract between the shipper and the carrier. The bill of lading evolved over time to […]

Early life and education Bernard Lawrence Madoff aka Bernie Madoff was born in Queens, New York, on April 29, 1938. He transferred to Hofstra University after one year at the University of Alabama, where he earned a bachelor’s degree in political science in 1960. Madoff developed an interest in the stock market and finance as

History Bankruptcy has existed for thousands of years, dating back to ancient civilizations like Greece and Rome. Bankruptcy was frequently viewed as a punishment in these early societies for those who were unable to repay their debts. Definition Bankruptcy is a legal process in which a person or company declares that they are unable to

History Bank Identification Numbers (BINs) were first used in the 1980s, as the use of credit and debit cards became more common. There was a need at the time for a standardized method of identifying a card’s issuing bank. BINs were originally four-digit codes used primarily in the United States, but as card payments became

History Barclays Bank in London, England, introduced the first ATM in 1967. Customers could withdraw up to £10 at a time from this ATM, which was a cash dispenser. Since that time, technology has advanced, and ATMs have become more sophisticated and user-friendly. ATMs can now be found in almost every country and are used

History In the 1950s, researchers started examining the idea of creating machines that could understand and learn similarly to humans. The first workshop on AI was held at Dartmouth College in 1956 and was organized by John McCarthy, Marvin Minsky, Nathaniel Rochester, and Claude Shannon. Since then, AI development has gone through several stages, including

History The book “The Epic of America” by James Truslow Adams, published in 1931, is credited with creating the idea of the American Dream in the early 20th century. The concept of the “American Dream” has permeated American society over time and been used to characterize the goals of millions of individuals. Definition The idea