Horatio G. Loomis

Horatio G. Loomis

Loomis was a native of Vermont who came to Chicago as a pioneer settler in 1834. A grocer by trade, Loomis also was an entrepreneur who became involved in many business fields, including commodities trading.

The four financial trading exchanges of Chicago, Illinois, USA, are a vital economic asset to the international economy. And without Horatio G. Loomis, these financial powerhouses might not have been created.

Chicago, being the transportation hub of the nation's breadbasket, was the most logical location for the agricultural commodities futures contract trading business.

Loomis was one of the organizers of the Chicago Board of Trade in 1848, the city's first financial trading exchange. Initially, the CBOT dealt only in futures contracts for agricultural products. Subsequently, it began dealing in precious metals and later developed into a more broad-based futures exchange.

Loomis died in 1900. Loomis Boulevard at 1400 west in Chicago is named for him.

References

* Bike, William S. "Streets of the Near West Side." Chicago: ACTA Publications, 1996, p. 62-63.


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • List of people from Vermont — The following is a list of prominent people who were born in the U.S. state of Vermont, live in Vermont, or for whom Vermont is a significant part of their identity:A* Bert Abbey (1869–1962); Major League baseball pitcher; born in Essex * Charles …   Wikipedia

  • List of people from Chicago — The following list includes notable people who were born or have lived in Chicago, Illinois or from the surrounding suburbs. Contents 1 Politicians and government 2 Historical Figures …   Wikipedia

  • Etymologies of place names in Chicago, Illinois — Source of the place names in the city of Chicago, Illinois.{| class= wikitable ! Place Name || Source Adams Street || John Adams, second president of the United States Addison Street || Thomas Addison, English doctor, discoverer of Addison s… …   Wikipedia

  • Grocer — Beginning as early as the 14th century, a grocer (also called purveyor) was a dealer in comestible dry goods such as spices, pepper, sugar, and (later) cocoa, tea and coffee. These items were bought in bulk, hence the term grocer from the French… …   Wikipedia

  • Chicago Board of Trade — Coordinates: 41°52′40″N 87°37′56″W / 41.877821°N 87.632285°W / 41.877821; 87.632285 …   Wikipedia

  • Streets and highways of Chicago — treet layoutChicago s streets primarily follow the grid system established by the Chicago Board of Aldermen in 1908 and implemented on September 1, 1909. All addresses are numbered outward from baselines at State Street, which runs north and… …   Wikipedia

  • Roads and freeways in Chicago — summarizes the main thoroughfares and the numbering system used in Chicago and its surrounding suburbs. Night view of the Chicago Skyway tollbooths at the entrance to the Chicago southbound city limits Contents …   Wikipedia

  • Liste Des Généraux De L'Union — Liste des officiers généraux de l’armée de l Union, durant la guerre de Sécession : Liens internes Liste des généraux de la Confédération Grades Général = général d armée, Lieutenant général = général de corps d armée, Major général =… …   Wikipédia en Français

  • Liste des generaux de l'Union — Liste des généraux de l Union Liste des officiers généraux de l’armée de l Union, durant la guerre de Sécession : Liens internes Liste des généraux de la Confédération Grades Général = général d armée, Lieutenant général = général de corps d …   Wikipédia en Français

  • Liste des généraux de l'Union — Liste des officiers généraux de l’armée de l Union, durant la guerre de Sécession : Grades Général = général d armée, Lieutenant général = général de corps d armée, Major général = général de division, Brigadier général = général de brigade… …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”