American Metal Company
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American Metal Company
American Metal Company was an American nonferrous metal trading and production company. History The origin of the American Metal Company (AMCO) begins with Metallgesellschaft AG of Germany, one of whose founders, Wilhelm Ralph Merton Wilhelm Ralph Merton (14 May 1848, in Frankfurt – 15 December 1916, in Berlin) was a prominent and influential German entrepreneur, social democrat, and philanthropist. Among his most notable accomplishments, he was a founder of the Universit ..., tasked one of his cousins, Berthold Hochschild, to supervise its metal-trading business in the United States.Stack, ElizabethImmigrant Entrepreneurship: "German American Biographies: "Carl Morris Loeb"Retrieved December 21, 2017 Hochschild moved to the U.S. in 1884, and the firm was incorporated in New York in 1887. AMCO started out as an agent for Metallgesellschaft AG of Germany, the Henry R. Merton & Co. (founded by the brother of Wilhelm Ralph Merton) of the United Kingdom, and the Société Le Ni ...
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Metallgesellschaft AG
Metallgesellschaft AG was formerly one of Germany's largest industrial conglomerates based in Frankfurt. It had over 20,000 employees and revenues in excess of 10 billion US dollars. It had over 250 subsidiaries specializing in mining, specialty chemicals (Chemetall), commodity trading, financial services, and engineering ( Lurgi). Henry Merton & Company, Ltd was previously a branch of the Metallgesellschaft. History Metallgesellschaft AG was incorporated in Frankfurt am Main in 1881 by Wilhelm Ralph Merton, his father Ralph Merton, and Leo Ellinger. Merton was responsible for business strategy, Ellinger for operations, and a cousin of Merton, Zachary Hochschild, for marketing and international activities. Their main competition were the two other large metal trading companies of Germany: ''Aron Hirsch & Sohn'' in Halberstadt, and ''Beer, Sondheimer & Co'' in Frankfurt am Main. Although Metallgesellschaft was a joint stock company, it was operated like a family business with key ...
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Henry Bruère
Henry Jaromir Bruère (January 15, 1882 – February 17, 1958) was a Progressive public administrator, reformer and social reformer known for his role as credit advisor to President Franklin D. Roosevelt during the banking liquidity crisis between 1930 and 1933 and recognition by New York City's press, 1913–1915, that he was a kingmaker, "the Warwick, the real Mayor of New York." Early life Bruère was born to an older father. John Ernst Bruère (1836–1912), physician, was forty-six (46) years old when Henry Bruère was born at Saint Charles, Missouri. John Ernest was of the second generation in an immigrant family, his father, Johann Bruère having immigrated from the lower Palatine in the German States. His mother was Wilhelmina Charlotte Jaeger. John Ernest was anti-slavery prior to the American Civil War, serving as Battalion Doctor in the Missouri State Militia during the hostilities. He was married on November 29, 1862, to Cornelia Solomea Schoeneich, daughter of Heinr ...
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Cyprus Amax Minerals
Cyprus Amax Minerals was a major US-based mining company formed in 1993 through the merger of AMAX with the Cyprus Minerals Company. It was one of the world's largest producers of Molybdenum and Lithium and was a leading producer of copper and coal. It also produced iron ore and gold. It was acquired by the Phelps Dodge Corporation in 1999. Background In 1979, Cyprus Mines Corporation was acquired by Amoco Corporation. Amoco expanded Cyprus into a diversified worldwide mining company. Amoco spun off Cyprus Minerals Company in 1985. In 1986, Cyprus acquired the Sierrita copper and molybdenum mine near Tucson, Arizona. In July 1988, Cyprus Minerals bought the Inspiration mine and smelting complex in Miami, Arizona. With the expiry of an agreement to purchase electricity at a favorable rate from the Salt River Project, Cyprus Minerals installed an ISASMELT furnace in its copper smelter.R R Bhappu, K H Larson and R D Tunis, ‘Cyprus Miami Mining Corporation – smelter modernizat ...
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Grand Junction Daily Sentinel
The ''Grand Junction Daily Sentinel'' is the largest daily newspaper in western Colorado, with distribution in six counties. History I.N. Bunting of Pennsylvania and Howard T. Lee founded the newspaper in 1893. In 1911, future U.S. Senator Walter Walker bought the newspaper. When he died in 1956, his son, Preston Walker, inherited the ''Sentinel'', managing it until he died in 1970. He left it to newspaper employee Ken Johnson, who sold it the company to Cox Newspapers in 1979. The new publisher, James C. Kennedy of the Cox family, left to become chairman and CEO of Atlanta-based Cox Enterprises in 1985. The corporation named George Orbanek publisher, who retired in 2007. He was succeeded by Alex Taylor. Amidst a downturn in the newspaper industry and the Great Recession, Cox put most of its newspaper holdings up for sale. In 2009, it sold the ''Sentinel'' to Kansas-based Seaton Publishing Co., a long-standing family newspaper company that publishes the ''Manhattan Mercury''. ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Alfred Chester Beatty
Sir Alfred Chester Beatty (7 February 1875 – 19 January 1968)Seanad 1985: "Chester Beatty died at the Princess Grace Clinic, Monte Carlo, on 19 January 1968, .. (some sources give this as 20 January). was an American-British mining magnate, philanthropist and one of the most successful businessmen of his generation, who was given the epithet "the King of Copper" as a reference to his fortune. He became a naturalised British citizen in 1933, knighted in 1954 and made an honorary citizen of Ireland in 1957. He was a collector of African, Asian, European and Middle Eastern manuscripts, rare printed books, prints and objets d'art. Upon his move to Dublin in 1950 he established the Chester Beatty Library on Shrewsbury Road to house his collection; it opened to the public in 1954. The Collections were bequeathed to the Irish people and entrusted to the care of the State in his Irish will. He donated a number opapyrusdocuments to the British Museum, his second wife's (Edith Dunn Bea ...
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Rhodesian Selection Trust
The Rhodesian Selection Trust (RST) was a mining corporation which produced copper from the Copperbelt region of Northern Rhodesia, now Zambia. History The RST was formed in 1928 by Alfred Chester Beatty, an Irish-American mining magnate, as a holding company for his mining assets in Northern Rhodesia. The new company received the financial backing of the American Metal Company of New York, who acquired 1,000,000 shares of RST in October 1930. In 1960, RST and its main subsidiaries cleared $13,132,546, or 29 cents a share for the fiscal year ending June 30, 1960, an increase from $8,780,651 in the preceding year. In 1964, the firm reported a slight dip in profit from $16,691,000 in 1963 to $16,517,000 for the year ended June 30, 1964. The firms sales however, rose from $142,605,518 to $165,736,718. Zambia independence In February 1964, firm Chairman Sir Ronald Prain, who had insisted RST offer copper outside the speculative London Metal Exchange at a price below the exchange le ...
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Copperbelt Province
Copperbelt Province is a province in Zambia which covers the mineral-rich Copperbelt, and farming and bush areas to the south. It was the backbone of the Northern Rhodesian economy during British colonial rule and fuelled the hopes of the immediate post-independence period, but its economic importance was severely damaged by a crash in global copper prices in 1973. The province adjoins the Haut-Katanga province of the Democratic Republic of the Congo, which is similarly mineral-rich. The main cities of the Copperbelt are Kitwe, Ndola, Mufulira, Luanshya, Chingola, Kalulushi and Chililabombwe. Roads and rail links extend north into the Congo to Lubumbashi, but the Second Congo War brought economic contact between the two countries to a standstill, now recovering. It is informally referred to at times as 'Copala' or 'Kopala', invoking the vernacular-like term of the mineral copper that is mined in the province. Demographics As per the 2010 Zambian census, Copperbelt Provinc ...
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Luanshya
Luanshya is a town in Zambia, in the Copperbelt Province near Ndola. It has a population of 117,579 (2008 census). Luanshya was founded in the early part of the 20th century after two prospector/explorer, William Collier shot and killed a Roan Antelope on the banks of the Luanshya River, discovering a copper deposit in the process. The antelope fell to the ground, its head resting on a rock where an exposed seam of copper ore was visible. The mining company eventually formed to exploit Collier's find was named " Roan Antelope Copper Mines Ltd". For most of the 20th century, copper was mined in great quantities at Luanshya but towards the end of the century, mining there became increasingly uneconomic, causing a severe recession in the town. There is still a fair amount of copper underground. Whether the town sees a revival in its fortunes will depend on how efficiently the copper is extracted and sold. The city is the birthplace of folk singer, John Edmond, writer A. C. Graylin ...
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Wall Street Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Amer ...
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