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National alcohol prohibition did not simply spring forth, fully formed, in 1920. It emerged out of social, cultural, and political processes that brought it into being. What were the most important of these processes, and why did they put their stamp on prohibition legislation? And what were the social, cultural, and political forces that took place during the 1920s and early 1930s that brought about the demise of Prohibition?
Spendthrift Trust
A legal arrangement that prevents the beneficiary's creditors from accessing the trust funds, providing long-term financial security for the beneficiary.
Spendthrift Provisions
Clauses in trust agreements that prevent beneficiaries from squandering their inheritances or creditors from claiming the trust assets.
Trust Corpus
The principal amount or assets held in trust, as differentiated from the income generated by those assets.
Consideration
Something of value exchanged by parties in a contract that induces them to enter into the agreement.
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