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Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.
It was designed by the French government to highlight the new modern style of architecture, interior decoration, furniture, glass, jewelry and other decorative arts in Europe and throughout the world. Many ideas of the international avant-garde in the fields of architecture and applied arts were presented for the first time at the exposition.
A type of installment contract other than a loan involves the purchase of durable goods on credit. Such arrangements are usually referred to as "installment plans" rather than "installment loans". In 1807, the installment selling of durable goods was introduced in the US by the furniture store Cowperthwaite & Sons.
The first major building to be constructed in the Art Deco style was the Théâtre des Champs-Élysées (1910–1913). The first design for the building was made by the Belgian Henry van de Velde, who was a major figure of the German Werkbund, an association promoting modern decorative arts.
Modern furniture refers to furniture produced from the late 19th century through the present that is influenced by modernism. Post-World War II ideals of cutting excess, commodification, and practicality of materials in design heavily influenced the aesthetic of the furniture. It was a tremendous departure from all furniture design that had ...
In the book he defined three different furniture types: type-needs, type-furniture, and human-limb objects. He defined human-limb objects as: "Extensions of our limbs and adapted to human functions that are type-needs and type-functions, therefore type-objects and type-furniture. The human-limb object is a docile servant.
The importation of furniture into England from Flanders and Holland was so significant that a hundred years earlier a law was enacted forbidding the practice — nevertheless carved woodwork was one of the important articles of commerce with the Low Countries, and the country homes of England of this period were filled with articles of Dutch ...
The 1920s (pronounced "nineteen-twenties" often shortened to the "' 20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. . Primarily known for the economic boom that occurred in the Western World following the end of World War I (1914–1918), the decade is frequently referred to as the "Roaring Twenties" or the "Jazz Age" in America and Western ...
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