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A business magnate , also known as an industrialist or tycoon , is a person who has achieved immense wealth through the creation or ownership of multiple lines of enterprise . The term characteristically refers to a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals have been known by different terms throughout history, such as robber barons , captains of industry , moguls, oligarchs , plutocrats , or tai-pans .

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43-674: The term magnate derives from the Latin word magnates (plural of magnas ), meaning "great man" or "great nobleman". The term mogul is an English corruption of mughal , Persian or Arabic for "Mongol". It alludes to emperors of the Mughal Empire in Early Modern India , who possessed great power and storied riches capable of producing wonders of opulence, such as the Taj Mahal . The term tycoon derives from

86-503: A bishop sometimes held territory as a magnate, collecting the revenue of the manors and the associated knights' fees . In the Tudor period, after Henry VII defeated Richard III at Bosworth Field , Henry made a point of executing or neutralising as many magnates as possible. Henry would make parliament attaint undesirable nobles and magnates, thereby stripping them of their wealth, protection from torture, and power. Henry also used

129-721: A social class of wealthy and influential nobility in the Crown of the Kingdom of Poland and Grand Duchy of Lithuania , and later the Polish–Lithuanian Commonwealth . Velikaš is the Serbo-Croatian word for 'magnate', derived from veliko ('great, large, grand'). It was used to refer to the highest nobility of Serbia in the Middle Ages and Croatia in the Middle Ages. In Spain, since the late Middle Ages,

172-534: A "decline and fall", as Edward Gibbon put it, of imperial society. Writers taking this line relied heavily on the scandalous behavior of the Julio-Claudian dynasty and the bad emperors reported by Tacitus and other writers and later by the secret history of Procopius , who hated his royal employers to such a degree that he could not contain himself about their real methods and way of life any longer. They, however, spoke elegant Latin. The Protestants changed

215-406: A decadency, that it became nothing better than a barbarous jargon. It is the style of these times that is given the name of Low Latin .... What indeed could be expected from this language, at a time when the barbarians had taken possession of Europe, but especially of Italy; when the empire of the east was governed by idiots; when there was a total corruption of morals; when the priests and monks were

258-554: A large empire, Latin tended to become simpler, to keep above all what it had of the ordinary." The origin of the term 'Late Latin' remains obscure. A notice in Harper's New Monthly Magazine of the publication of Andrews' Freund's Lexicon of the Latin Language in 1850 mentions that the dictionary divides Latin into ante-classic, quite classic, Ciceronian, Augustan, post-Augustan and post-classic or late Latin, which indicates

301-579: A second unity of style, infima Latinitas , translated into English as "Low Latin" (which in the one-period case would be identical to media Latinitas ). Du Cange in the glossarial part of his Glossary identifies some words as being used by purioris Latinitatis scriptores , such as Cicero (of the Golden Age). He has already said in the Preface that he rejects the ages scheme used by some: Golden Age, Silver Age, Brass Age, Iron Age. A second category are

344-510: A single continuous style. Of the two-style interpretations the Late Latin period of Erich Auerbach and others is one of the shortest: "In the first half of the 6th century, which witnessed the beginning and end of Ostrogoth rule in Italy , Latin literature becomes medieval. Boethius was the last 'ancient' author and the role of Rome as the center of the ancient world, as communis patria ,

387-456: Is an important source of information about changes in the spoken language, while not being a simple replication of the state of the oral language at the time. Also, Late Latin is not identical to Christian patristic Latin, used in the theological writings of the early Christian fathers. While Christian writings used a subset of Late Latin, pagans , such as Ammianus Marcellinus or Macrobius , also wrote extensively in Late Latin, especially in

430-407: Is most corrupt. By corrupt, du Cange only meant that the language had resorted to nonclassical vocabulary and constructs from various sources, but his choice of words was unfortunate. It allowed the "corruption" to extend to other aspects of society, providing fuel for the fires of religious (Catholic vs. Protestant) and class (conservative vs. revolutionary) conflict. Low Latin passed from the heirs of

473-572: Is understanding what media , "middle", and infima , "low", mean in this context. The term media is securely connected to Medieval Latin by du Cange's own terminology expounded in the Praefatio , such as scriptores mediae aetatis , "writers of the middle age". Du Cange's Glossary takes words from authors ranging from the Christian period (Late Latin) to the Renaissance , dipping into

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516-481: The 3rd to 6th centuries AD , and continuing into the 7th century in the Iberian Peninsula . This somewhat ambiguously defined version of Latin was used between the eras of Classical Latin and Medieval Latin . Scholars do not agree exactly when Classical Latin should end or Medieval Latin should begin. Being a written language, Late Latin is not the same as Vulgar Latin , or more specifically,

559-573: The Court of the Star Chamber to have powerful nobles executed. Henry VIII continued this approach in his reign; he inherited a survivalistic mistrust of nobles from his father. Henry VIII ennobled very few men, and the ones he did were all " new men ": novi homines , greatly indebted to him and with very limited power. The term was specifically applied to the members of the Upper House of

602-694: The Diet of Hungary in the Apostolic Kingdom of Hungary , the Főrendiház , that can be translated as the House of Magnates , an equivalent to the British Peers. In feudal Japan, the most powerful landholding magnates were known as daimyo . In the 11th and 12th centuries, the daimyo became military lords of samurai clans with territorial and proprietary control over private estates. Magnates were

645-471: The Holy Roman Empire ) under Charlemagne . Toward the end of his reign his administration conducted some language reforms. The first recognition that Late Latin could not be understood by the masses and therefore was not a lingua franca was the decrees of 813 CE by synods at Mainz , Rheims Tours that from then on preaching was to be done in a language more understandable to the people, which

688-738: The Japanese word taikun ( 大君 ) , which means "great lord", used as a title for the shōgun . The word entered the English language in 1857 with the return of Commodore Perry to the United States. US President Abraham Lincoln was humorously referred to as the Tycoon by his aides John Nicolay and John Hay . The term spread to the business community, where it has been used ever since. Modern business magnates are entrepreneurs that amass on their own or wield substantial family fortunes in

731-491: The classical period if a word originated there. Either media et infima Latinitas refers to one age, which must be the middle age covering the entire post-classical range, or it refers to two consecutive periods, infima Latinitas and media Latinitas . Both interpretations have their adherents. In the former case, the infimae appears extraneous; it recognizes the corruptio of the corrupta Latinitas which du Cange said his Glossary covered. The two-period case postulates

774-407: The inferioris Latinitatis scriptores , such as Apuleius (Silver Age). The third and main category are the infimae Latinitatis scriptores , who must be post-classical; that is, Late Latin, unless they are also medieval. His failure to state which authors are low leaves the issue unresolved. He does, however, give some idea of the source of his infima , which is a classical word, "lowest", of which

817-477: The late Latin magnas , a great man, itself from Latin magnus , "great", means a man from the higher nobility, a man who belongs to the high office-holders or a man in a high social position, by birth, wealth or other qualities in Western Christian countries since the medieval period. It also includes the members of the higher clergy, such as bishops , archbishops and cardinals . In reference to

860-510: The medieval , the term is often used to distinguish higher territorial landowners and warlords , such as counts , earls , dukes , and territorial- princes from the baronage . In Poland the szlachta (nobles) constituted one of the largest proportions of the population (around 10-12%) and 'magnat' refers to the richest nobles, or nobles of the nobility - even though they had equal voting rights in Poland's electoral monarchy. In England ,

903-534: The Italian renaissance to the new philologists of the northern and Germanic climes, where it became a different concept. In Britain, Gildas ' view that Britain fell to the Anglo-Saxons because it was morally slack was already well known to the scholarly world. The northern Protestants now worked a role reversal; if the language was "corrupt", it must be symptomatic of a corrupt society, which indubitably led to

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946-753: The Silver Age and then goes on to define other ages first by dynasty and then by century (see under Classical Latin ). In subsequent editions he subsumed all periods under three headings: the First Period ( Old Latin ), the Second Period (the Golden Age) and the Third Period, "the Imperial Age", subdivided into the Silver Age, the 2nd century, and the 3rd–6th centuries together, which was a recognition of Late Latin, as he sometimes refers to

989-543: The author. Its origins are obscure, but the Latin expression media et infima Latinitas sprang into public notice in 1678 in the title of a Glossary (by today's standards a dictionary) by Charles du Fresne, sieur du Cange . The multivolume set had many editions and expansions by other authors subsequently. The title varies somewhat; most commonly used was Glossarium Mediae et Infimae Latinitatis . It has been translated by expressions of widely different meanings. The uncertainty

1032-459: The comparative degree is inferior , "lower". In the preface, he opposes the style of the scriptores aevi inferioris (Silver Age) to the elegantes sermones , "elegant speech", the high and low styles of Latinitas defined by the classical authors. Apparently, du Cange was basing his low style on sermo humilis , the simplified speech devised by Late Latin Christian writers to address the ordinary people. Humilis (humble, humility) means "low", "of

1075-514: The early part of the period. Late Latin formed when large numbers of non-Latin-speaking peoples on the borders of the empire were being subsumed and assimilated, and the rise of Christianity was introducing a heightened divisiveness in Roman society, creating a greater need for a standard language for communicating between different socioeconomic registers and widely separated regions of the sprawling empire. A new and more universal speech evolved from

1118-554: The end of the Silver Age as the death of Hadrian at 138 CE. His classification of styles left a century between that event and his final period, the 3rd–6th centuries CE, which was in other systems being considered Late Antiquity. Starting with Charles Thomas Crutwell's A History of Roman Literature from the Earliest Period to the Death of Marcus Aurelius , which first came out in 1877, English literary historians have included

1161-409: The ground". The Christian writers were not interested in the elegant speech of the best or classical Latin, which belonged to their aristocratic pagan opponents. Instead, they preferred a humbler style lower in correctness, so that they might better deliver the gospel to the vulgus or "common people". Low Latin in this view is the Latin of the two periods in which it has the least degree of purity, or

1204-511: The highest class of nobility hold the appellation of Grandee of Spain and was known earlier as ricohombres . In Sweden, the wealthiest medieval lords were known as storman (plural stormän ), "great men", a similar description and meaning as the English term magnate. Late Latin Late Latin is the scholarly name for the form of Literary Latin of late antiquity . English dictionary definitions of Late Latin date this period from

1247-503: The magnate class went through a change in the later Middle Ages. It had previously consisted of all tenants-in-chief of the crown, a group of more than a hundred families. The emergence of Parliament led to the establishment of a parliamentary peerage that received personal summons, rarely more than sixty families. A similar class in the Gaelic world were the Flatha . In the Middle Ages,

1290-419: The main elements: Classical Latin, Christian Latin, which featured sermo humilis (ordinary speech) in which the people were to be addressed, and all the various dialects of Vulgar Latin . The linguist Antoine Meillet wrote: "Without the exterior appearance of the language being much modified, Latin became in the course of the imperial epoch a new language... Serving as some sort of lingua franca to

1333-499: The mainstream philologists of Latin literature. A few writers on the periphery still mention it, influenced by the dictionaries and classic writings of former times. As Teuffel's scheme of the Golden Age and the Silver Age is the generally accepted one, the canonical list of authors should begin just after the end of the Silver Age, regardless of what 3rd century event is cited as the beginning; otherwise there are gaps. Teuffel gave

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1376-447: The only men of letters, and were at the same time the most ignorant and futile mortals in the world. Under these times of darkness, we must, therefore, rank that Latin, which is called lingua ecclesiastica , and which we cannot read without disgust. As 'Low Latin' tends to be muddled with Vulgar Latin , Late Latin, and Medieval Latin , and has unfortunate extensions of meaning into the sphere of socio-economics, it has gone out of use by

1419-671: The process of building or running their own businesses. Some are widely known in connection with these entrepreneurial activities, others through highly-visible secondary pursuits such as philanthropy , political fundraising and campaign financing, and sports team ownership or sponsorship. The terms mogul , tycoon , and baron were often applied to late-19th- and early-20th-century North American business magnates in extractive industries such as mining , logging and petroleum , transportation fields such as shipping and railroads , manufacturing such as automaking and steelmaking , in banking , as well as newspaper publishing. Their dominance

1462-409: The rule of Gothic kings prevailed. Subsequently, the term Imperial Latin was dropped by historians of Latin literature, although it may be seen in marginal works. The Silver Age was extended a century, and the four centuries following made use of Late Latin. Low Latin is a vague and often pejorative term that might refer to any post-classical Latin from Late Latin through Renaissance Latin, depending on

1505-478: The scenario to fit their ideology that the church needed to be purified of corruption. For example, Baron Bielfeld , a Prussian officer and comparative Latinist, characterised the low in Low Latin, which he saw as medieval Latin, as follows: The fourth age of the Latin tongue is that of the remainder of the middle age, and the 1st centuries of modern times, during which the language fell by degrees into so great

1548-563: The spare century in Silver Latin. Accordingly, the latter ends with the death of the last of the five good emperors in 180 CE. Other authors use other events, such as the end of the Nervan–Antonine dynasty in 192 CE or later events. A good round date of 200  CE gives a canonical list of nearly no overlap. The transition between Late Latin and Medieval Latin is by no means as easy to assess. Taking that media et infima Latinitas

1591-461: The spoken Latin of the post Imperial period. The latter served as ancestor of the Romance languages . Although Late Latin reflects an upsurge of the use of Vulgar Latin vocabulary and constructs, it remains largely classical in its overall features, depending on the author who uses it. Some Late Latin writings are more literary and classical, but others are more inclined to the vernacular . As such it

1634-411: The term already was in professional use by English classicists in the early 19th century. Instances of English vernacular use of the term may also be found from the 18th century. The term Late Antiquity meaning post-classical and pre-medieval had currency in English well before then. Wilhelm Siegmund Teuffel 's first edition (1870) of History of Roman Literature defined an early period, the Golden Age,

1677-504: The writings of those times as "late". Imperial Latin went on into English literature; Fowler's History of Roman Literature mentions it in 1903. The beginning and end of Imperial Latin is not well defined. Politically, the excluded Augustan Period is the paradigm of imperiality, but the style cannot be grouped with either the Silver Age or with Late Latin. In 6th-century Italy, the Western Roman Empire no longer existed and

1720-459: Was at an end." In essence, the lingua franca of classical vestiges was doomed when Italy was overrun by the Goths, but its momentum carried it one lifetime further, ending with the death of Boethius in 524 CE. Not everyone agrees that the lingua franca came to an end with the fall of Rome, but argue that it continued and became the language of the reinstituted Carolingian Empire (predecessor of

1763-1541: Was known as the Second Industrial Revolution , the Gilded Age , or the Robber Baron Era . Examples of business magnates in the western world include historical figures such as pottery entrepreneur Josiah Wedgwood , oilmen John D. Rockefeller and Fred C. Koch , automobile pioneer Henry Ford , aviation pioneer Howard Hughes , shipping and railroad veterans Aristotle Onassis , Cornelius Vanderbilt , Leland Stanford , Jay Gould and James J. Hill , steel innovator Andrew Carnegie , newspaper publisher William Randolph Hearst , poultry entrepreneur Arthur Perdue , retail merchant Sam Walton , and bankers J. P. Morgan and Mayer Amschel Rothschild . Contemporary industrial tycoons include e-commerce entrepreneur Jeff Bezos , investor Warren Buffett , computer programmers Bill Gates and Paul Allen , technology innovator Steve Jobs , vacuum cleaner retailer Sir James Dyson , media proprietors Sumner Redstone , Ted Turner and Rupert Murdoch , industrial entrepreneur Elon Musk , steel investor Lakshmi Mittal , telecommunications investor Carlos Slim , Virgin Group founder Sir Richard Branson , Formula 1 executive Bernie Ecclestone , and internet entrepreneurs Larry Page and Sergey Brin . Magnate The term magnate , from

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1806-435: Was one style, Mantello in a recent handbook asserts of "the Latin used in the middle ages" that it is "here interpreted broadly to include late antiquity and therefore to extend from c. AD 200 to 1500." Although recognizing "late antiquity" he does not recognize Late Latin. It did not exist and Medieval Latin began directly from 200 CE. In this view all differences from Classical Latin are bundled as though they evolved through

1849-421: Was stated by Tours Canon 17 as rustica Romana lingua , identified as Romance , the descendant of Vulgar Latin . Late Latin as defined by Meillet was at an end; however, Pucci's Harrington's Mediaeval Latin sets the end of Late Latin when Romance began to be written, "Latin retired to the cloister" and " Romanitas lived on only in the fiction of the Holy Roman Empire ." The final date given by those authors

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