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Bremer Bank
The Otto Bremer Trust is a private charitable trust located in St. Paul, Minnesota. It was founded by Otto Bremer in 1944 and owns 92 percent of Bremer Bank. In 2016, the Trust made a record $47 million in grants and program-related investments. The trust makes grants and program-related investments in Minnesota, North Dakota, and western Wisconsin in communities where there are Bremer banks. The organization changed its name from Otto Bremer Foundation in 2015. History Otto Bremer was a German-American immigrant who came to the United States in 1886. He worked in several jobs before becoming a bookkeeper at the German American National Bank, where over the next 36 years he rose to become chairman of the American National Bank. He was an investor in independent rural banks throughout the Upper Midwest and during the Great Depression used his own assets to help support many of these banks. He partnered with his brother Adolph in the ownership and management of the Jacob Schm ...
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Upper Midwest
The Upper Midwest is a region in the northern portion of the U.S. Census Bureau's Midwestern United States. It is largely a sub-region of the Midwest. Although the exact boundaries are not uniformly agreed-upon, the region is defined as referring to the states of Michigan, Minnesota and Wisconsin; some definitions include Iowa, North Dakota and South Dakota as well. Definitions The National Weather Service defines its Upper Midwest as the states of Iowa, Michigan, Minnesota, North Dakota, South Dakota and Wisconsin. The United States Geological Survey uses two different Upper Midwest regions: *The USGS Upper Midwest Environmental Sciences Center considers it to be the six states of Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin, which comprise the watersheds of the Upper Mississippi River and upper Great Lakes. *The USGS Mineral Resources Program considers the area to contain Illinois, Indiana, Michigan, Minnesota and Wisconsin. The Association for Institutional Res ...
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Expenses
An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or " remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive". Something that seems to cost little is "inexpensive". "Expenses of the table" are expenses for dining, refreshments, a feast, etc. In accounting, ''expense'' is any specific outflow of cash or other valuable assets from a person or company to another person or company. This outflow is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary stake is dimi ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ...
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Franklin D
Franklin may refer to: People * Franklin (given name) * Franklin (surname) * Franklin (class), a member of a historical English social class Places Australia * Franklin, Tasmania, a township * Division of Franklin, federal electoral division in Tasmania * Division of Franklin (state), state electoral division in Tasmania * Franklin, Australian Capital Territory, a suburb in the Canberra district of Gungahlin * Franklin River, river of Tasmania * Franklin Sound, waterway of Tasmania Canada * District of Franklin, a former district of the Northwest Territories * Franklin, Quebec, a municipality in the Montérégie region * Rural Municipality of Franklin, Manitoba * Franklin, Manitoba, an unincorporated community in the Rural Municipality of Rosedale, Manitoba * Franklin Glacier Complex, a volcano in southwestern British Columbia * Franklin Range, a mountain range on Vancouver Island, British Columbia * Franklin River (Vancouver Island), British Columbia * Franklin Strai ...
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Woodrow Wilson
Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election. As president, Wilson changed the nation's economic policies and led the United States into World War I in 1917. He was the leading architect of the League of Nations, and his progressive stance on foreign policy came to be known as Wilsonianism. Wilson grew up in the American South, mainly in Augusta, Georgia, during the Civil War and Reconstruction. After earning a Ph.D. in political science from Johns Hopkins University, Wilson taught at various colleges before becoming the president of Princeton University and a spokesman for progressivism in higher education. As governor of New Jersey from 1911 to 1913, Wilson broke with party bosse ...
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Jacob Schmidt Brewing Company
The Jacob Schmidt Brewing Company is the name of a former brewing company that was located at 882 W. Seventh Street in St. Paul, Minnesota. Founded in 1855, the brewery was originally known as the Christopher Stahlmann Cave Brewery. Its name was changed to its final name in 1900. History of ownership *Christopher Stahlmann, Cave Brewery (1855–1882) *Christopher Stahlmann Brewing Co. (1882–1898) *St. Paul Brewing Co.(1898–1900) *Jacob Schmidt Brewing Company (1900–1954) *Pfeiffer Brewing Co. (Jacob Schmidt Brewing Company) (1954–1962) *Associated Brewing Company (Pfeiffer, Schmidt) (1962–1972) *G. Heileman Brewing Company (1972–1990) *Minnesota Brewing Company (1991–2002) *Gopher State Ethanol (Occupied Parts of Brewery) (2000–2004) * Schmidt Artist Lofts (from 2013 on) Christopher Stahlmann, Cave Brewery Though Stahlmann's Cave Brewery was not one of the founding breweries in Minnesota or even St. Paul for that matter, it quickly became the largest in the ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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Wisconsin
Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. The bulk of Wisconsin's population live in areas situated along the shores of Lake Michigan. The largest city, Milwaukee, anchors its largest metropolitan area, followed by Green Bay and Kenosha, the third- and fourth-most-populated Wisconsin cities respectively. The state capital, Madison, is currently the second-most-populated and fastest-growing city in the state. Wisconsin is divided into 72 counties and as of the 2020 census had a population of nearly 5.9 million. Wisconsin's geography is diverse, having been greatly impacted by glaciers during the Ice Age with the exception of the Driftless Area. The Northern Highland and Western Upland along wi ...
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Saint Paul, Minnesota
Saint Paul (abbreviated St. Paul) is the List of capitals in the United States, capital of the U.S. state of Minnesota and the county seat of Ramsey County, Minnesota, Ramsey County. Situated on high bluffs overlooking a bend in the Mississippi River, Saint Paul is a regional business hub and the center of Minnesota's government. The Minnesota State Capitol and the state government offices all sit on a hill close to the city's downtown district. One of the oldest cities in Minnesota, Saint Paul has several historic neighborhoods and landmarks, such as the Summit Avenue (St. Paul), Summit Avenue Neighborhood, the James J. Hill House, and the Cathedral of Saint Paul (Minnesota), Cathedral of Saint Paul. Like the adjacent and larger city of Minneapolis, Saint Paul is known for its cold, snowy winters and humid summers. As of the 2021 census estimates, the city's population was 307,193, making it the List of United States cities by population, 67th-largest city in the United State ...
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North Dakota
North Dakota () is a U.S. state in the Upper Midwest, named after the Native Americans in the United States, indigenous Dakota people, Dakota Sioux. North Dakota is bordered by the Canadian provinces of Saskatchewan and Manitoba to the north and by the U.S. states of Minnesota to the east, South Dakota to the south, and Montana to the west. It is believed to host the geographic center of North America, Rugby, North Dakota, Rugby, and is home to the tallest man-made structure in the Western Hemisphere, the KVLY-TV mast. North Dakota is the List of U.S. states and territories by area, 19th largest state, but with a population of less than 780,000 2020 United States census, as of 2020, it is the List of U.S. states and territories by population, 4th least populous and List of U.S. states by population density, 4th most sparsely populated. The capital is Bismarck, North Dakota, Bismarck while the largest city is Fargo, North Dakota, Fargo, which accounts for nearly a fifth of the s ...
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