Cash

Cash (pronounced kash)

(1) Money in the form of coins or banknotes, historically that issued by a government or a bank or other financial institution operating with the approval of a government.

(2) Money or an equivalent paid at the time of making a purchase.

(3) Immediate payment, in full or part, for goods or services, even if not paid in physical cash (ie as distinct from the various forms of time (delayed) payment).

(4) To give or obtain cash for a check, money order, bill of exchange etc.

(5) In some games of cards, (1) to win (a trick) by leading an assured winner or (2) to lead (an assured winner) in order to win a trick.

(6) Any of several low-denomination coins of China, Vietnam, India, and the Dutch East Indies (modern-day Indonesia), especially the Chinese copper coin.

1590–1600: From the Portuguese caixa, from the Tamil காசு (kācu) (a copper coin), from the Sanskrit karṣa (a weight (of precious metal such as silver or gold)).  There was also the sixteenth century Old Italian cassa (money box) from the Latin capsa (case).  Variation of cash appear in many languages including the Japanese: キャッシュ (kyasshu), the Serbo-Croatian (kȅš & ке̏ш) the Romanian cash and the Swedish cash.

Cashable is an adjective, cashability & cashableness are nouns.  The noun plural is cash (except for the proper noun; the surname’s plural being Cashes).  The homophone of cash is cache, often mispronounced as kaache although cache’s adoption as a technical term in computing has led some to suggest kaache should be the use in the industry with kash for all other purposes and there’s much support for the view which does make sense, even if, given the specificity of the context, confusion is unlikely.  The verb cashier (and the related cashiering & cashiered) is (1) the simple past tense and past participle of cashier and (2) the apparently curious term for the dismissal of a military officer, cashiered in this context from the Dutch casseren & kasseren, from the Old French casser (to break (up)).  During a ceremonial cashiering, the break of his link with the military was sometimes symbolized dramatically by literally breaking the officer’s sword (which had in advance been partly sawn through).   

The surname appears to be an American variant of Case, the records indicating it was first adopted by in the US by German immigrants named Kirch and Kirsch, an example of the Anglicization of names once a common of those migrating to the English-speaking world.  In rare cases it has been used a male given name, often as a second name reflecting the mother’s maiden name.  A cashier (person in charge of money), dates from the 1590s, from the French caissier (treasurer), from caisse (money box), the immediate source of the English word perhaps the Middle Dutch kassier.

Lindsay Lohan themed cash.  Unfortunately, these Lohanic notes are not issued by the US Federal Reserve and thus neither legal tender nor readily convertible (at least at face-value) to other currencies.  However, Lindsay Lohan is dabbling in the embroynic world of the NFT (non fungible token) which may evolve to have some influence on the development of how cash is stored and exchanged (if not valued).   

In idiomatic use, cashing-in one’s chips means literally to take one’s winnings and leave the casino but is also used to mean “to die” whereas cashing-up is a technical term from business referring to the end-of-day audit & balancing procedures.  A moneybags (ie bags full of cash) is someone (usually conspicuously) rich.  A cash-cow is a product or service which dependably provides the owner or operator a lucrative profit.  A cash-crop (agricultural product grown to sell for profit) is attested from 1831 and was distinct from one with some other primary purpose (such as for self-sustenance or stock-feed).  A cash-back is a trick in advertising and a form of discount.  The phrase cold, hard cash is another way of emphasizing the primacy of money.  A cash-book (which historically were physical ledgers but most are now electronic) was a transactional register.  To cash was “to convert (a cheque (the US check) or other bill of exchange) to cash", known since 1811 as a variation of the noun and the now-extinct encash from 1865 was also used as a piece of specialized jargon meaning exactly the same thing; it was replaced as required by cashed & cashing.  The cash-box (also called money-box), dating from the 1590s, was (and remains) a box for the safe-keeping physical cash and was from the sixteenth century French caisse (money box), from the Provençal caissa or the Italian cassa, from the Anglo-Norman & Old French casse (money box), from the Latin capsa (box, case) ultimately from capiō (I take, I seize, I receive), from the primitive Indo-European kehp- (to grasp) (which also led to the Spanish caja (box); the original sense was literally the wooden or metal box by the eighteenth century, the secondary sense of the money began to run is parallel before, for most purposes, becoming the sole meaning.  To cash in is to profit from something, applying it one's advantage.  A cash-register, dating from 1875, was historically a mechanical device used to record transactions and issue receipts, such machines now mostly electronic and increasingly linked to centralized (even international) databases; in Jewish humorous use, a cash-register was “a Jewish piano”.  Cash-flow (which surprisingly seems to date only from 1954) refers to a specific characteristic of business and means the periodic accumulation of disposable revenue to permit the operations always to meet its obligations and continue trading; it’s not directly related to long-term profitability in that something with a good cash-flow can continue indefinitely while only breaking even while a profitable concern with a poorly managed cash-flow can flounder.  In commerce, use is common such as cash-and-carry, cash account, cash-only, discount for cash etc although transaction handling costs have affected the last: where once it was common for businesses to offer a discount to customers paying with physical cash (sometimes because it offered the possibility of a hidden (ie un-taxed) transaction, it’s now not uncommon for a fee to be imposed, reflecting the difference in processing costs for weightless (electronic) payments compared with the physical (notes & coins).  In criminal slang, "cash" is said to be a euphemism for “to do away with, to kill” the word "disband" also carrying this meaning and both “cash” and “disband” are reputed to be used on the dark web as code by those offering contract killing although such things are hard to verify and may be an internet myth. Cash on delivery (COD) dates from 1859 and was an invention of American commerce designed to encourage sales from businesses previously unknown to the individual consumer.  Cashless (often as cashless-society or cashless transaction) refers usually to the elimination of physical money (ie notes and coins), something sought by many bureaucrats for various reasons although of concern to civil libertarians.

According to anthropologists, the word cash (money and all that) is really derived from the word kash, a beer brewed in Ancient Egypt which was used to pay workers (including the builders of the Great Pyramids).  Stone cutters, slaves, architects, and even public officials were often paid (at least in part) with beer, two containers of kash often set as the minimum wage for an Egyptian laborer’s day of work.  At the time, there was quite a brewing industry, the Egyptians known to be distributing at least six varieties of beer by 3,000 BC and there is evidence it played a part in the social conventions of the age: in some circumstances if a man offered a lady a sip of his beer, they could be held to be betrothed so dating could be minefield for those who’d drunk too much.

The traditions associated with kash spread.  In Mesopotamia, tavern owners found guilty of overcharging patrons for beer could be sentenced to death by drowning in the Tigris or Euphrates rivers (depending on where the establishment was located) although most punishments were apparently commuted to fines.  The Ancient Babylonians, serious about beer making, to regulate quality decreed that any commercial beer maker who sold unfit beer was to be drowned in that very impure libation although no records exist which confirm how many were actually suck in their own dodgy brew.  The most attractive Babylonian tale (although not one all historians accept) is that more happily, a bride’s father would supply all the “honey" kash (a form of kash to which honey and sweet herbs were added) the groom could drink for one month after the wedding.  Because the calendar was lunar based, this month was referred to as the “honey moon”.

Sling

Sling (pronounced sling)

(1) A (sometimes improvised) device for hurling stones or other missiles, constructed typically by the use of a short strap with a long string at each end, operated by placing the missile in the strap, and, holding the ends of the strings in one hand, whirling the instrument around in a circle and releasing one of the strings to discharge the missile; often called a slingshot (or sling-shot).

(2) A bandage used to suspend or support an injured part of the body, most commonly in an arrangement suspended from the neck to support an injured arm or hand.

(3) A strap, band, or the like, forming a loop by which something is suspended or carried, as a strap attached to a rifle and passed over the shoulder.

(4) As sling-back, a design used for woman’s shoes which uses an exposed, usually thin strap which wraps around the ankle.

(5) A rope, chain, net, etc, used for hoisting freight or other items or for holding them while being hoisted.

(6) An act or instance of slinging.

(7) In nautical use, a chain or halyard for supporting a hoisting yard (an in the plural (as slings), the area of a hoisting yard to which such chains are attached; the middle of a hoisting yard.

(8) To throw, cast, or hurl; fling, as from the hand.

(9) To place in or secure with a sling to raise or lower; to raise, lower, etc by such means; to hang by a sling or place so as to swing loosely.

(10) To suspend.

(11) An iced alcoholic drink, typically containing gin, water, sugar, and lemon or lime juice.

(12) In mountaineering, a loop of rope or tape used for support in belays, abseils, etc.

(13) A young or infant spider, such as one raised in captivity or those in labs used in scientific or industrial research (a shortening of s(pider)ling).

(14) In the sport of badminton, carrying the shuttle on the face of the racquet rather than hitting it cleaning (penalized as a foul).

1175–1225: From the Middle English noun slynge (hand-held implement for throwing stones) & verb slyngen (past tense slong, past participle slungen & slongen) (to knock down" using a sling (and by the mid-thirteenth century “to throw, hurl, fling, especially if using a sling), probably from the Old Norse slyngja & slyngva (to hurl, to fling), from the Proto-Germanic slingwaną (to worm, twist) which was cognate with the Middle Low German slinge (a sling), the Old High German slingan and the Old English slingan (to wind, twist) and etymologists speculate that while the Middle English noun may be derived from the verb, the sense of “strap, hoist” may be of distinct (an uncertain) origin.  The Old English slingan (to wind, twist) came from the same source and comparable European forms include the German schlingen (to swing, wind, twist), the Old Frisian slinge, the Middle Dutch slinge and the Danish and Norwegian slynge, from the primitive Indo-European slenk (to turn, twist) which may be compared with the Welsh llyngyr (worms, maggots), the Lithuanian sliñkti (to crawl like a snake) and the Latvian slìkt (to sink).  The Oxford English Dictionary (OED) approved the past tense slung but not slang.  Sling is a noun & verb, slinger is a noun, slinging & slung are verbs and slinged is a verb & adjective; the noun plural is slings.

The notion of the verb was doubtlessly that of the missile being twisted and twirled before it is released and the stone or piece of metal hurled was by the late fourteenth century known as a sling-stone, the older English word for which was lithere, from the Old English liþere (related to leather), the connection being the strips of tanned animal hide used in slings.  Etymologists note the likely influence of Low German cognates in the sense development in English, the use to describe a “loop for lifting or carrying heavy objects” documented since the early fourteenth century and the “leather shoulder strap for a musket or other long-arm” was in use by at least 1711.  As pieces of fabric used to support injured arms, there evidence of use dating back thousands of years but such things seem formally to have been called slings only after the 1720s, the earlier medical word in Middle English for a “sling or supporting loop used in treating dislocations”, although there was also the early fifteenth century stremb & suspensorie, from the Medieval Latin stremba.  The slingshot (also sling-shot or hand-catapult) dates from 1849 and although it seems likely to have previously been in oral use, it’s not documented as a verb until 1969.  The slung-shot, first recorded in 1848, was a rock wrapped in a sling, used as a weapon by the criminal class and those living in rough neighborhoods.

Separamadu Lasith Malinga (b 1983), a Sri Lankan cricketer and right-arm fast bowler who was known as "Slinga Malinga" because of his unusual delivery, often referred to as a "sling action".

As a battlefield weapon, the sling is ancient and has endured (often in improvised form) to this day because it’s simple, reliable and can readily be fashioned from whatever falls to hand.  As projectiles, rocks can be lethal if delivered with force and in many environments (include urban), ammunition is effectively limitless.  In Antiquity, the armies of Greece, Rome & Carthage all had units of slingers attached to their infantry formations and used continued into the sixteenth century when the first grenades were developed.  There’s a political aspect too, the Palestinian resistance fighters gaining notably more international sympathy when they restricted their weapons to stones and slings rather than guns and bombs.  The sweetened, flavored liquor drink known as the sling was a creation of US English, dating from 1792, the origin mysterious although it may have been from the notion of “throwing back” a drink or linked with the German schlingen (to swallow).  In the nineteenth century, it was used also as a verb in the sense “to drink slings”.  The noun gun-slinger, although now associated with the Hollywood version of the nineteenth century American west, is documented only since 1916 and sling hash was US slang for a waiter or waitress, especially one employed at a lunch counter or cheap restaurant. In Australian slang a sling was a (1) a part of one’s wages paid in physical cash, thereby avoiding taxation and (2) that part of a business’s turnover not entered in the transactional record, again as a form of tax evasion.  It picked up- on the earlier use of sling to mean “to sell, peddle, or distribute something (often drugs, sex etc) illicitly, e.g. drugs, sex, etc.).  A rare variation was undersling (to sell with an implication of illegality) and that presumably was for emphasis, being a blend of “under the table” and “sling”.

Lindsay Lohan in open-toed slingbacks, New York City, April 2006.

Slingback shoes are so-named for the distinctive ankle strap which crosses around the back and sides of the ankle and heel.  In this it’s a style distinct from a conventional arrangement in which a strap completely encircles the ankle.  Produced in a variety of heel heights and in open & closed-toe styles, most slingbacks are made with a low vamp little different from those with enclosed heels.  In a sense, the slingback shoe is related to the many types of sandal but is almost always more formal.  To accommodate different ankle sizes, slingback straps are almost always of adjustable length, typically with a buckle and such is the design that it’s rarely necessary for the wearer to re-buckle after the first fitting.  In that sense, slingbacks are effectively slip-ons.

Two Singapore Slings.

The Singapore sling cocktail said to have been invented in 1915, by a bartender at Raffles Hotel’s (named after Sir Stamford Raffles (1781–1826), a colonial official who under the Raj was a notable figure in the early development of Singapore) Long Bar.  Selling sometimes a thousand a day during the peak season, the current price of a Singapore sling (including taxes) is SGD$46 (US$34) so the Long Bar’s cash flow is usually positive.  The unusual story of its origin is also a tale of one of the Far East’s early contributions to women’s rights because although the European men in the Long Bar coped with the heat & humidity with gin & tonics or whisky & sodas, they didn’t approve of women drinking alcohol in public places so they were served iced teas or fruit juices.  However, although it’s not recorded where it was a product of feminist agitation or local initiative, a bartender created a drink visually indistinguishable from the fruit juices usually served but which was actually a cocktail infused with gin, cherry liqueur & grenadine, the latter chosen for the pinkish-red hue it produced, something said to lend it some “feminine appeal”.  Thus was born the Singapore Sling which, more than a century later remains a symbol of the city-state although there have been many variations over the years including the addition of ingredients such as lime, pineapple juice, Cointreau or Benedictine liqueur.

The Singapore Sling Chicane in its original form (left) and before & after (2012-2013, right).

Conducted on a street circuit the Singapore Grand Prix was added to the Formula One (F1) calendar in 2008 and is notable as the first ever night time Grand Prix, a wise move in the equatorial zone.  Although regarded as one of the more challenging of the street circuits, the city-state had previously staged motor-racing events and they were conducted on an a narrow and treacherous course called the Thomson Road Grand Prix circuit, created overnight from public roads which offered almost no run-off areas and featured monsoon drains, bus stops, and lampposts, all dangerously close to the racing line which itself was marked by the oil trails left by the cars, trucks and buses which usually percolated around.  More than one driver called the circuit the “most dangerous in the world”.  The racing however was good, the original Grand Prix on the course run in 1961 under Formula Libre rules (much more interesting than the current, dull Formula One cars) and the events between 1966-1973 were usually Formula Two (F2) events but by 1973 Singapore had developed to such an extent the organization was just too disruptive and the safety concerns about Thomson Road were not merely theoretical because there had been injuries and deaths.  However, in 2008 the Marina Bay Street Circuit was designed and despite being regarded as “difficult”, it conformed to all modern safety requirements.  Notably, it contained 23 corners, more than any other on the calendar and by far the most famous was turn 10 which attracted such interest it was divided by analysts into 3 smaller turns (10a, 10b, & 10c).  The corner was called the Singapore Sling Chicane.

Lindsay Lohan, 2009 Singapore Grand Prix.

It was well-named because between turns 9 & 10, F1 cars were travelling at around 170 mph (273 km/h) and the Singapore Sling was defined with raised kerbing which, it hit at speed would literally launch a car into the air if the driver varied by less than an inch (25 mm) from the ideal line.  One driver called them “little tortoises that would wreck the car if you get something wrong” and after many complaints from various drivers the height of the kerbing was reduced.  However, that only reduced the danger they posed and crashes continued so in 2010 Turn 10 was modified but there were still airborne adventures and broken cars still littered the chicane at every event.  Physicists even ran the number through one of the super-computers used usually to model the climate or simulate thermo-nuclear weapons and determined that if a F1 machine hit “a tortoise” at racing speed, it was guaranteed to hit the wall.  Accordingly, in 2013 Turn 10 became just a left-handed turn instead of the left / right / left format of the notorious Singapore Sling Chicane.  That in itself was unusual because the Fédération Internationale de l'Automobile (the FIA; the International Automobile Federation which is international sport’s dopiest regulatory body) has for decades adored chicanes to the point of fetishism, such is their desire to make racing as slow and processional as possible.  In recent seasons however, F1 has become so predictably processional, there have been calls to bring back the Singapore Sling Chicane and given nobody has come up with a better suggestion to make the competition interesting, it may be worth considering.  Of course, they could change the rules relating to the cars and the adoption of large capacity hydrogen-burning internal combustion engines would be a good start. 

Float

Float (pronounced floht)

(1) To rest, move or remain on the surface of a liquid (to be buoyant; to be supported by a liquid of greater density, such that part (of the object or substance) remains above the surface) or in the air.

(2) By metaphor, to move lightly and gracefully.

(3) By metaphor, information or items circulating.

(4) Figuratively, to vacillate (often followed by between).

(5) As applied to currencies, to be allowed freely to fluctuate in the foreign-exchange market instead of being exchanged at a fixed or managed rate.

(6) In the administration of interest rates, periodically to change according to money-market conditions.

(7) In the equities markets, the offering of previously privately held stock on public boards; an offering of shares in a company (or units in a trust) to members of the public, normally followed by a listing on a stock exchange.

(8) In the bond markets, an offering.

(9) In theatre, to lay down (a flat), usually by bracing the bottom edge of the frame with the foot and allowing the rest to fall slowly to the floor.

(10) An inflated bag to sustain a person in water; life preserver.

(11) In plumbing, in certain types of tanks, cisterns etc, a device, as a hollow ball, that through its buoyancy automatically regulates the level, supply, or outlet of a liquid.

(12) In nautical jargon, a floating platform attached to a wharf, bank, or the like, and used as a landing; any kind of buoyancy device.

(13) In aeronautics, a hollow, boat-like structure under the wing or fuselage of a seaplane or flying boat, keeping it afloat in water (aircraft so equipped sometimes called “float planes”).

(14) In angling, a piece of cork or other material for supporting a baited line in the water and indicating by its movements when a fish bites.

(15) In zoology, an inflated organ that supports an animal in the water; the gas-filled sac, bag or body of a siphonophore; a pneumatophore.

(16) A vehicle bearing a display, usually an elaborate tableau, in a parade or procession.

(17) In banking, uncollected checks and commercial paper in process of transfer from bank to bank; funds committed to be paid but not yet charged against the account.

(18) In metal-working, a single-cut file (a kind of rasp) of moderate smoothness.

(19) In interior decorating, a flat tool for spreading and smoothing plaster or stucco.

(20) In stonemasonry, a tool for polishing marble.

(21) In weaving and knitting, a length of yarn that extends over several rows or stitches without being interworked.

(22) In commerce, a sum of physical cash used to provide change for the till at the start of a day's business.

(23) In geology and mining, loose fragments of rock, ore, etc that have been moved from one place to another by the action of wind, water etc.

(24) To cause something to be suspended in a liquid of greater density.

(25) To move in a particular direction with the liquid in which one is floating (as in “floating downstream” etc).

(26) In aviation, to remain airborne, without touching down, for an excessive length of time during landing, due to excessive airspeed during the landing flare.

(27) To promote an idea for discussion or consideration.

(28) As expression indicating the viability of an idea (as in “it’ll never float”, conveying the same sense as “it’ll never fly”).

(29) In computer (graphics, word processing etc), to cause an element within a document to “float” above or beside others; on web pages, a visual style in which styled elements float above or beside others.

(30) In UK use, a small (often electric) vehicle used for local deliveries, especially in the term “milk float” (and historically, the now obsolete “coal float”).

(31) In trade, to allow a price to be determined by the markets as opposed to by rule.

(32) In insurance, premiums taken in but not yet paid out.

(33) In computer programming, as floating-point number, a way of representing real numbers (ie numbers with fractions or decimal points) in a binary format

(34) A soft beverage with a scoop of ice-cream floating in it.

(35) In poker, a manoeuvre in which a player calls on the flop or turn with a weak hand, with the intention of bluffing after a subsequent community card.

(36) In knitting, one of the loose ends of yarn on an unfinished work.

(37) In transport, a car carrier or car transporter truck or truck-and-trailer combination; a lowboy trailer.

(38) In bartending, the technique of layering of liquid or ingredients on the top of a drink.

(39) In electrical engineering, as “float voltage”, an external electric potential required to keep a battery fully charged

(40) In zoology, the collective noun for crocodiles (the alternative being “bask”).

(41) In automotive engineering, as “floating axle”, a type of rear axle used mostly in heavy-duty vehicles where the axle shafts are not directly attached to the differential housing or the vehicle chassis but instead supported by bearings housed in the wheel hubs.

Pre 1000: From the Middle English floten, from the Old English flotian (to float), from the Proto-Germanic flutōną (to float), from the primitive Indo-European plewd- & plew- (to float, swim, fly).  It was cognate with the Saterland Frisian flotje (to float), the West Frisian flotsje (to float), the Dutch vlotten (to float), the German flötzen & flößen (to float), the Swedish flotta (to float), the Lithuanian plaukti, the Middle Low German vloten & vlotten (to float, swim), the Middle Dutch vloten, the Old Norse flota, the Icelandic fljóta, the Old English flēotan (to float, swim), the Ancient Greek πλέω (pléō), the Lithuanian plaukti, the Russian пла́вать (plávatʹ) and the Latin plaustrum (wagon, cart).  It was akin to the Old English flēotan & Old Saxon flotōn (root of fleet).  The meaning “to drift about, passively to hover" emerged circa 1300 while the transitive sense of “to lift up, to cause to float (of water etc)” didn’t come into use for another 300-odd years and the notion of “set (something) afloat” was actually originally figurative (originally of financial matters) and noted since 1778.  Float was long apparently restricted to stuff in the water and didn’t come into use to refer to things in the air until the 1630s, this extending to “hover dimly before the eyes” by at least 1775.   In medicine, the term “floating rib” was first used in 1802, so called because the anterior ends are not connected to the rest.  The Proto-Germanic form was flutojanan, from the primitive Indo-European pleu (to flow) which endures in modern use as pluvial.

Etymologists have concluded the noun was effectively a merger in the Middle English of three related Old English nouns: flota (boat, fleet), flote (troop, flock) & flot (body of water, sea), all from the same source as the verb.  The early senses were the now-mostly-obsolete ones of the Old English words: the early twelfth century “state of floating"”, the mid thirteenth century “swimming”, the slightly later “a fleet of ships; a company or troop” & the early fourteenth century “stream or river”.  From circa 1300 it has entered the language of fishermen to describe the attachments used to add buoyancy to fishing lines or nets and some decades later it meant also “raft”.  The meaning “a platform on wheels used for displays in parades etc” dates from 1888 and developed either from the manner they percolated down a street on from the vague resemblance to flat-bottomed boat which had been so described since the 1550s.  The type of fountain drink, topped with a scoop of ice cream was first sold in 1915.

The noun floater (one who or that which floats) dates from 1717 as was the agent noun from the verb.  From 1847 it was used in political slang to describe an independent voter (and in those days with the implication their vote might be “for sale”), something similar to the modern “swinging voter”.  By 1859 it referred to “one who frequently changes place of residence or employment” and after 1890 was part of US law enforcement slang meaning “dead body found in the water”.  The noun flotation dates from 1765, the spelling influenced by the French flotaison.  The adverb afloat was a direct descendent from the Old English aflote.  In idiomatic use, it was the boxer Muhammad Ali (1942–2016) who made famous the phrase “float like a butterfly; sting like a bee” and “whatever floats your boat” conveys the idea that individuals should be free to pursue that which they enjoy without being judged by others.  To “float someone’s boat” is to appeal to them in some way.  Float is a noun & verb, floater is a noun, floated is a verb, floating is a noun, verb & adjective and floaty is a noun & adjective; the noun plural is floats.

Lindsay Lohan floating in the Aegean, June 2022.

In the modern age, currencies began to be floated in the early 1970s after the collapse of the Bretton Woods system (1944) under which most major currencies were fixed in relation to the US dollar (which was fixed to gold at a rate of US$35 per ounce).  That didn’t mean the exchange rates were static but the values were set by governments (in processes called devaluation & revaluation) rather than the spot market and those movements could be dramatic: In September 1949, the UK (Labour) government devalued Sterling 30.5% against the US dollar (US$4.03 to 2.80).  The Bretton Woods system worked well (certainly for developed nations like the US, the UK, Japan, Canada, Australia, New Zealand and much of western Europe) in the particular (and historically unusual) circumstances of the post-war years but by the late 1960s, with the US government's having effectively printed a vast supply of dollars to finance expensive programs like the Vietnam War, the nuclear arms build-up, the “Great Society” and the space programme, and social programs, surplus dollars rapidly built up in foreign central banks and increasingly these were being shipped back to the US to be exchanged for physical gold bars.  In 1971, the Nixon administration (1969-1974) responded to the problem of their dwindling gold reserves by suspending the convertibility, effectively ending the Bretton Woods system and making floating exchange probably inevitable, the trend beginning when Japan floated the Yen in 1973.

A Bloomberg chart tracking the effect of shifting the US dollar from its link with gold to a fiat currency.  Due to this and other factors (notably the oil price), in the 1970s, the bills of the 1960s were paid.

Others however moved more slowly, many adopting the tactic of the Australian government which as late as 1983 was still running what was known as a “managed float”, an arrangement whereby the prime-minister, the treasurer and the head of the treasury periodically would meet and, using a “a basket of currencies”, set the value of the Australian dollar against the greenback and the other currencies (the so-called “cross-rates”).  Now, most major Western nations have floating currencies although there is sometimes some “management” of the “float” by the mechanism of central banks intervening by buying or selling.  The capacity for this approach to be significant is however not as influential as once it was because the numbers in the forex (foreign exchange) markets are huge, dwarfing the trade in commodities bonds or equities; given the volumes, movements of even fractions of a cent can mean overnight profits or losses in the millions.  Because some "floats" are not exactly "free floats" in which the market operates independently, there remains some suspicion that mechanisms such as "currency pegs" (there are a remarkable variety of pegs) and other methods of fine tuning can mean there are those in dark little corners of the forex world who can benefit from these manipulations.  Nobody seem prepared to suggest there's "insider trading" in the conventional sense of the term but there are some traders who appear to be better informed that others. 

Spat

Spat (pronounced spat)

(1) A petty quarrel; a dispute.

(2) A light blow; a slap or smack (now rare).

(3) A classic footwear accessory for outdoor wear (technically an ankle-length gaiter), covering the instep and ankle, designed to protect these areas from mud & stones etc which might be splattered (almost always in the plural).

(4) In automotive design, a piece of bodywork on a car's fender encapsulating the aperture of the wheel-arch, covering the upper portion of the wheel & tyre (almost always on the rear) and used variously to reduce drag or as a aesthetic choice.  In the US, these tend to be called "fender skirts".

(5) In aviation, on aircraft with fixed undercarriages, a partial enclosure covering the upper portion of the wheel & tyre, designed to reduce drag.

(6) In zoology, a larval oyster or similar bivalve mollusc, applied particularly when one settles to the sea bottom and starts to develop a shell; young oysters collectively, especially seed oysters.

1350-1400: From the Middle English spat (argument, minor scuffle), from the Anglo-Norman spat, of unknown origin but presumed related either to (1) being the simple past tense & past participle of spit or (2) something vaguely imitative of the sound of a dispute in progress.  In use, a spat implies a dispute which is minor and brief.  That doesn’t preclude violence being involved but the word does tend to be applied to matters with few serious consequences but a spat can of course escalate to something severe at which point it ceases to be a spat and becomes a brawl, a fight, a murder, a massacre or whatever the circumstances suggest is appropriate.  Otherwise, a spat is synonymous with words like bickering, brouhaha, disagreement, discord, falling-out, feud, squabble, tiff or argument.

As a descriptor of the short gaiter covering the ankle (which except in technical and commercial use is used only in the plural), use dates from 1779 as an invention of American English and a shortening of the trade-terms spatterdash (or splatterguard) (long gaiter to keep trousers or stockings from being spattered with mud), the construct being spatter + dash (or guard), the former the same idea as the noun dashboard which was a timber construction attached to the front of horse-drawn carriages to protect the passengers from mud or stones thrown up when the beasts were at a dash.  In cars, the use of the term dashboard persisted although the device both shifted rearward (aligned with the cowl (scuttle) & windscreen) and changed in function.  In aircraft where the link to horse-drawn transport didn’t exist, the preferred equivalent term became “instrument panel”.

Stanley Melbourne Bruce (front row, second from left) in spats, official photograph of his first cabinet, Melbourne, 1923.

Spats date from a time when walking in cities could be a messy business, paved surfaces far from universal.  As asphalt and concrete became commonplace in the twentieth century, spats fell from frequent use though there were those who clung to them as a fashion accessory.  Stanley Melbourne Bruce (1883–1967; prime minister of Australia 1923-1929) liked spats and wore them as late as the 1940s but historians of fashion note it's said nothing was more influential in their demise than George V (1865–1936; King of the United Kingdom 1910-1936) eschewing them after 1926.

However, despite losing the imprimatur of the House of Windsor (ex Saxe-Coburg and Gotha), when Disney in 1947 created Scrooge McDuck (the world's richest duck, noted for diving into his vast "money bin" to swim among the cash), spats must still have been associated with wealth and uncle Scrooge has almost always been depicted sporting a pair.

Spats (left) and gaiters (centre & right).  Historically, gaiters were either medium (mid-calf) or long (reaching to the knee) while the shorter variations, extending from ankle to instep, were known as spats.  In the fashion industry, the terms gaiters and spats are often used interchangeably and except among the equestrian and other horse-oriented crowds, they now exist only as a fashion item, improvements in the built-environment meaning the need for them as functional devices has diminished.  They days, spats tend to be seen only in places like the Royal Enclosure at Ascot or smart weddings (used as a wealth or class signifier) although variations are still part of some ceremonial full-dress military uniforms.  Technically, a spat probably can be called a “short” or “ankle-length” gaiter but it’s wise to use “spat” because gaiters are understood as extending higher towards the knee.

Lindsay Lohan in SCRAM bracelet (left), the SCRAM (centre) and Chanel's response from their Spring 2007 collection (right).

Spats for the twenty-first century: Before Lindsay Lohan began her “descent into respectability” (a quote from the equally admirable Mandy Rice-Davies (1944-2004) of MRDA fame), Lindsay Lohan inadvertently became of the internet’s early influencers when she for a time wore a court-ordered ankle monitor (often called “bracelets” which etymologically is dubious but rarely has English been noted for its purity).  At the time, many subject to such orders often concealed them under clothing but Ms Lohan made her SCRAM (Secure Continuous Remote Alcohol Monitor) a fashion statement, something that compelled the paparazzi to adjust their focal length to ensure her ankle of interest appeared in shots.  The industry responded with its usual alacrity and “ankle monitor” purses were soon being strutted down the catwalks.

Chanel's boot-mounted ankle purse in matching quilted black leather.

In one of several examples of this instance of Lohanic influence on design, in their Spring 2007 collection, Chanel included a range of ankle bags.  Functional to the extent of affording the wearing a hands-free experience and storage for perhaps a lipstick, gloss and credit card (and the modern young spinster should seldom need more), the range was said quickly to "sell-out" although the concept hasn't been seen in subsequent collections so analysts of such things should make of that what they will.  Chanel offered the same idea in a boot, a design actually borrowed from the military although they tended to be more commodious and, being often used by aircrew, easily accessible while in a seated position, the sealable flap on the outer calf, close to the knee.

On the Jaguar 2.4 & 3.4 (1955-1959, top row; later retrospectively named Mark 1), full-sized spats were standard equipment when the standard wheels were fitted but some owners used the cut-down versions (available in at least two designs) fitted when the optional wire wheels were chosen.  For use in competition, almost all drivers removed the spats.  The Mark 2 (bottom row;1959-1969) was never fitted with the full-size units but many used slimmer version available from both the factory and third-party suppliers; again, in competition, spats in any shape were usually discarded.  On the big Jaguars, spats (which had already been scalloped) disappeared after production of the Mark IX ended in 1961.    

On cars, it wasn’t until the 1930s that spats (which some English manufacturers called "aprons" and in the US they came to be called “fender-skirts” though the original slang was “pants”) began to appear as the interest in streamlining and aerodynamic efficiency grew and it was in this era they became also a styling fad which, for better and worse, would last half a century.  They’d first been seen in the 1920s as aerodynamic enhancements on speed record vehicles and some avant-garde designers experimented with enveloping bodywork but it was only late in the decade that the original style of separate mudguards (later called cycle-fenders) gave way to more integrated coachwork where the wheel-arch was an identifiable feature in the modern sense.  Another issue was that the early tyres were prone to wear and damage and needed frequently to be changed, hence the advantage of making access to the wheels un-restricted.  In the 1930s, as streamlining evolved as both a means to reduce drag (thus increasing performance and reducing fuel consumption) and as a styling device, the latter doubtlessly influenced by the former.  On road cars, spats tended to be used only at the rear because of the need to provide sufficient clearance for the front wheels to turn although there were manufacturers (Delahaye, Nash and others) which extended use to the front and while this necessitated compromise (notably the turning circle and cooling of the brakes), there were some memorable art-deco creations.

The aerodynamic advantages were certainly real, attested by the tests conducted during the 1930s by Mercedes-Benz and Auto-Union, both factories using spats front and rear on their land-speed record vehicles, extending the use to road cars although later Mercedes-Benz would admit the 10% improvement claimed for the 1937 540K Autobahn-kurier (highway cruiser) was just “a calculation” and it’s suspected even this was more guesswork than math.  Later, Jaguar’s evaluation of the ideal configuration to use when testing the 1949 XK120 on Belgium roads revealed the rear spats added about 3-4 mph to top speed though they precluded the use of the lighter wire wheels and did increase the tendency of the brakes to overheat in severe use so, like many things in engineering, it was a trade-off.

1958, 1959 & 1960 Chevrolet Impalas.  Not actually wildly popular when new, accessory spats now often appear on restored cars as a “period accessory”.

In the post-war years, concerns with style rather than specific aerodynamic outcomes probably prevailed.  In the US especially, the design motifs borrowed from aircraft and missiles (where aerodynamic efficiency was important and verified in wind tunnels) were liberally applied to automobiles but in some cases, although they actually increased drag, they anyway appeared on production cars because they lent the desired look.  Because they added to the cost of production, spats tended often to be used on the more expensive ranges, this association encouraging after-market accessory makers to produce them, often for models where they’d never been available as a factory fitting or option.  Although now usually regarded as naff (at least), there’s still some demand because they are fitted sometimes (often in conjunction with that other acquired taste period-accessory, the "Continental" spare-tyre kit) by those restoring cars from the era although the photographic record does suggest that when the vehicles were new, such things were vanishingly rare.

Spats vanished from cars made in the UK and Europe except among manufacturers (such as Citroën) which made a fetish of conspicuous aerodynamics and in the US, where they endured, increasingly they appeared in cut-down form, exposing most of the wheel with only the upper part of the tyre concealed.  By the mid 1990s spats appeared only on some of the larger US cars (those by then also down-sized from their mid-seventies peak) and none survived into the new century, the swansong the 1996 Cadillac DeVille.  However, the new age of efficiency did see a resurgence of interest with spats (some actually integrated into the bodywork rather than being detachable) used on some electric and hybrid vehicles where every possible way of optimizing the use of energy is deployed.

1 1937 Mercedes-Benz 540K Autobahn-kurier
2 1937 Mercedes-Benz W125 Rekordwagen
3 1937 Auto-Union Type C Stromlinie
4 1939 Mercedes-Benz W154 Rekordwagen
5 1939 Mercedes-Benz T80 Rekordwagen
6 1940 Mercedes-Benz 770K Cabriolet B
9 1970 Porsche 917 LH
8 1988 Jaguar XJR9

1939 Mercedes-Benz T80, Mercedes-Benz Museum, Stuttgart, Germany.

Designed by Ferdinand Porsche (1875–1951), the Mercedes-Benz T80 was built between 1937-1939 to lay siege to the world land speed record (LSR) but with the outbreak of World War II (1939-1945), the attempt was never made.  It was a single-purpose machine designed to achieve maximum terminal velocity and for that reason, the T80 was an exercise in pure functionalism; not one nut or bolt was used other than for the purpose of ensuring its top speed would be as high as possible.  Cognizant of the existing record, the initial goal was 550 km/h (342 mph) but as others in the late 1930s raised the mark, so were Professor Porsche’s ambitions and when the final specification was set in 1939, the target was 650 km/h (404 mph) (not 750 km/h (466 mph) as is sometimes quoted).  Configured with six wheels, the T80 would have used a supercharged, fuel-injected, 44.5 litre (2716 cubic inch) Daimler-Benz DB 603 inverted V12 aero-engine, an enlarged version of the DB 601 which powered a number of Messerschmitts and other warplanes.  Intended for use in bombers, the T80’s engine was actually the third DB 603 prototype and was initially tuned to generate some 2237 kW (3000 horsepower) on an exotic cocktail of methyl alcohol (63%), benzene (16%), ethanol (12%), acetone (4.4%), nitrobenzene (2.2%), avgas (2%), and ether (0.4%) with MW (methanol-water) injection for charge cooling and as an anti-detonant.  This was more than twice the output of the Hurricanes, Spitfires and Messerschmitts which in 1940 fought the Battle of Britain but Porsche’s calculations suggested 2,574 kW (3,500 hp) would be needed to touch the 650 km/h target and the DB 603 would have been re-tuned to achieve this as an “emergency war rating”.

1939 Mercedes-Benz T80, Mercedes-Benz Museum, Stuttgart, Germany.

Some 8 metres (26 feet) in length with two of the three axles providing drive, the weight when fuelled and crewed was some 2600 kg (2.9 short tons) while the measured coefficient of drag (CD) was reported at 0.18, an impressive figure for such a thing as late as the 1990s and it would have been lower still, had wind-tunnel testing not revealed the need to add two small “winglets” to provide sufficient down-force to ensure the shape didn’t at speed assume the characteristics of an aeroplane and "try to take off" and notably, when in 1964 the Bluebird-Proteus CN7 set the flying mile record at 403.1 mph (648.7 km/h), it was the first LSR machine to include “ground effect” technology to reduce lift.  Fundamentally, the aerodynamics are thought sound although there would be the usual vulnerability to cross-winds, the cause of several deaths in such attempts and the surface conditions of what was a temporarily closed public road would also have been critical; whether the tyre technology of the time would have been adequate under such conditions will never be known.  Had the T80 been run on the long, flat straights of the salt flats in the US (Bonneville) or Australia (Lake Eyre), the prospects of success would have been better but for propaganda purposes (always a theme for the Nazis) the LSR runs had to be on German soil.

Bluebird-Proteus CN7, Lake Eyre, Australia, 1964.

The plan was for the attempt to be staged in January 1940 during what the regime dubbed RekordWoche (Record Week) on a section of the Berlin-Halle-Leipzig autobahn (now part of the A9), closed for the occasion.  The legend is that Adolf Hitler (1889-1945; Führer (leader) and German head of government 1933-1945 & head of state 1934-1945) himself choose the nickname Schwarzer Vogel (Black Bird) but that too may have been propaganda.  The design was all done in the era of slide rules and although some computer work has been applied to emulating the event, there’s no consensus on whether the T80 really would have hit 650 km/h and set the world land speed record (LSR).  As it was, it wasn't until November 1965 that the 650 km/h mark was reached by a machine powered by four fuel injected Chrysler 426 cubic inch (7.0 litre) hemi V8s.  On the Bonneville Salt Flats, it recorded a two-way average of 658.526 km/h (409.277 mph).

Ground effects: 1970 Chaparral 2J (the "sucker car"). 

The most extraordinary vindication of the concept was probably the 1970 Chaparral 2J, built for the Canadian-American Challenge Cup (the Can-Am, a series for unlimited displacement sports cars under the FIA’s minimalist Group 7 rules).  Although using a similar frame and power-plant (the all aluminum, 427 cubic inch (7.0 litre) Chevrolet V8 (ZL1)) as most of its competition, it differed in that the bodywork was rather more rectilinear, the transmission was semi-automatic and, most intriguingly, the use of two small auxiliary engines (Rockwell JLO 247 cm³ two-stroke, two-cylinder units which usually powered snowmobiles).  Unlike the auxiliary engines used in modern hybrids which provide additional or alternative power, what the Rockwells did was drive two fans (borrowed from the M-109 Howitzer, the US Army’s self-propelled 155 mm (6 inch) cannon) which pumped air from underneath at 9650 cfm (cubic feet per minute) (273 m3 per minute), literally sucking the 2J to the road, the technique enhanced by a Lexan (a thermoplastic polymer) skirt which partially sealed the gap between the shell and the road.  The rear spats (integrated into the body-shell) were part of the system, offering not only their usual contribution to reduced drag but increasing the extent of the suction generated by the extractor fans.  The 2J was immediately faster than the competition but the suction system proved fragile although, as a proof of concept it worked and it was clear that only development was needed to debug things.  Unfortunately, innovation and high speed have always appalled the FIA (the Fédération Internationale de l'Automobile which has for decades been international sport’s dopiest regulatory body) and, using the mechanism of the Commission Sportive Internationale (CSI) which was at the time the FIA’s competition arm, it prevailed upon the SCCA (Sports Car Club of America) to ban the J2 on the grounds the fans constituted “movable aerodynamic aids” which the FIA had earlier banned (rather than regulating which would have been the intelligent thing to do).  Deciding the fans should be handled with the same rule used for chassis or suspension-mounted wings which had proved fragile demanded some torturous reasoning which made sense to few outside the FIA’s many committee rooms but the sport had ever since been stuck with its implications.  Really, the FIA should give up on motorsport and offer their services to competitive crochet where they can focus on things like pins and needles not being too sharp.

1949 Delahaye 175-S Saoutchik roadster (left), 1967 Cadillac Fleetwood Sixty Special  (centre) & 2016 Rolls-Royce Vision Next 100 (electric) (right).

Fashions change and spats in the post-war years became unfashionable except in the odd market segment which appealed to an older demographic and even there, as the years were by, they were cut-away, revealing more of the wheel & tyre but they never entirely went away and designers with big computers now don’t even need even bigger wind tunnels to optimize airflow and spats have been displayed which are mounted vertically, some even responding to dynamic need by shifting location or direction.

Flown first in 1938 and named after the Spartan admiral Lysander (circa 467-395 BC), the Westland Lysander was a British army co-operation and communications aircraft used extensively during the Second World War (1939-1945).  Although it couldn’t match the extraordinary STOL (short Take-Off & Landing) performance of the its German contemporary the Fieseler Fi 156 Storch, it was capable, robust and had a good enough short-field capability to perform valuable service throughout the conflict.  Like many aircraft with a fixed undercarriage, partially enveloping spats were fitted to reduce drag but those on the Lysander had the unusual feature of being fitted with their own removable spats (similar to those used on automobiles).  Once these were dismounted, assemblies could be fitted to mount either Browning machine guns or stub wings which could carry light bombs or supply canisters.  The arrangement was popular with ground crew because the accessibility made servicing easy and pilots appreciated the low placement because the change in weight distribution had little adverse effect on handling characteristics.