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Catharine Furnace
Catharine Furnace is a historic blast furnace, iron furnace in Fredericksburg and Spotsylvania National Military Park, near Chancellorsville, Virginia, Chancellorsville in Spotsylvania County, Virginia. It was built in 1837 and closed down ten years later. During the American Civil War the furnace came into use again. John S. Wellford was the manager, principal owner and driving force of Catharine Furnace from its foundation to his death in 1846. His success in obtaining government ordnance contracts for the furnace was based on his personal social network. Relying on these contracts, the company neglected to expand on the open market. When Wellford died in 1846, the loss of his network therefore led to its failure. In 1861, the furnace was taken over by a new company. It began its operations by restoring and updating the furnace. During the Overland Campaign, the furnace was at least partly destroyed by Union troops, yet being rebuilt again in November 1864 and in full operation i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catherine Furnace
Catherine Furnace is a historic blast furnace, iron furnace located in the George Washington National Forest near Newport, Page County, Virginia, Newport, Page County, Virginia. It was built in 1836, and it is a pyramidal shaped furnace measuring 32 feet high. It was instrumental in producing high quality pig iron that was used in the Mexican–American War, Mexican War and American Civil War. The furnace was abandoned in 1885. an''Accompanying photo''/ref> It was listed on the National Register of Historic Places in 1974. References Industrial buildings and structures on the National Register of Historic Places in Virginia Industrial buildings completed in 1836 Buildings and structures in Page County, Virginia National Register of Historic Places in Page County, Virginia Industrial furnaces Ironworks in Virginia {{PageCountyVA-NRHP-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of The Navy
The United States Department of the Navy (DoN) is one of the three military departments within the Department of Defense of the United States of America. It was established by an Act of Congress on 30 April 1798, at the urging of Secretary of War James McHenry, to provide a government organizational structure to the United States Navy (USN);Bernard C. Steiner and James McHenry, The life and correspondence of James McHenry' (Cleveland: Burrows Brothers Co., 1907). since 1834, it has exercised jurisdiction over the U.S. Marine Corps (USMC) and, during wartime, the U.S. Coast Guard (USCG), though each remains an independent service branch. It is led by the Secretary of the Navy (SECNAV), a statutory civilian officer. The Department of the Navy was an executive department, whose secretary served on the president's cabinet, until 1949, when amendments to the National Security Act of 1947 established the Department of Defense as a unified department for all military service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tredegar Iron Company
: ''For the ironworks in the US state of Virginia, see Tredegar Iron Works.'' Tredegar Iron and Coal Company was an important 19th century ironworks in Tredegar, Wales, which due to its need for coke became a major developer of coal mines and particularly the Sirhowy Valley of South Wales. It is most closely associated with the Industrial Revolution and coal mining in the South Wales Valleys. Background In 1778 an iron furnace was built in the upper Sirhowy Valley by Thomas Atkinson and William Barrow, who came to the area from London."A look at Old Tredegar in photographs" Volume 1 Philip Prosser Old Bakehouse Publications 1990 Fuel was needed for the furnace so men were employed to dig coal at Bryn Bach and Nantybwch, the first small scale coal mining operation in the area. The furnace failed in 1794, and hence also the business. Sirhowy Ironworks In 1797, Samuel Homfray, with partners Richard Fothergill and the Matthew Monkhouse built a new furnace which they called the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pig Iron
Pig iron, also known as crude iron, is an intermediate product of the iron industry in the production of steel which is obtained by smelting iron ore in a blast furnace. Pig iron has a high carbon content, typically 3.8–4.7%, along with silica and other constituents of dross, which makes it brittle and not useful directly as a material except for limited applications. The traditional shape of the molds used for pig iron ingots is a branching structure formed in sand, with many individual ingots at right angles to a central channel or "runner", resembling a litter of piglets being nursed by a sow. When the metal had cooled and hardened, the smaller ingots (the "pigs") were simply broken from the runner (the "sow"), hence the name "pig iron". As pig iron is intended for remelting, the uneven size of the ingots and the inclusion of small amounts of sand cause only insignificant problems considering the ease of casting and handling them. History Smelting and producing wroug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1837
The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abounded. The panic had both domestic and foreign origins. Speculative lending practices in the West, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Britain were all factors. The lack of a central bank to regulate fiscal matters, which President Andrew Jackson had ensured by not extending the charter of the Second Bank of the United States, was also key. This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name. The run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They suspended specie payments and would no longer redeem commercial paper in specie at full face value. A signi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnership
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336-40) and the Del Buono-Bencivenni company (1336-40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th centur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comparative Advantage
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. (The absolute advantage, comparing output per time (labor efficiency) or per quantity of input material (monetary efficiency), is generally considered more intuitive, but less accurate — as long as the opportunity costs of producing goods across countries vary, productive trade is possible.) David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenandoah Valley
The Shenandoah Valley () is a geographic valley and cultural region of western Virginia and the Eastern Panhandle of West Virginia. The valley is bounded to the east by the Blue Ridge Mountains, to the west by the eastern front of the Ridge-and-Valley Appalachians (excluding Massanutten Mountain), to the north by the Potomac River and to the south by the James River. The cultural region covers a larger area that includes all of the valley plus the Virginia highlands to the west, and the Roanoke Valley to the south. It is physiographically located within the Ridge and Valley province and is a portion of the Great Appalachian Valley. Geography Named for the river that stretches much of its length, the Shenandoah Valley encompasses eight counties in Virginia and two counties in West Virginia. * Augusta County, Virginia *Clarke County, Virginia *Frederick County, Virginia *Page County, Virginia *Rockbridge County, Virginia *Rockingham County, Virginia * Shenandoah County, Virg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charcoal
Charcoal is a lightweight black carbon residue produced by strongly heating wood (or other animal and plant materials) in minimal oxygen to remove all water and volatile constituents. In the traditional version of this pyrolysis process, called charcoal burning, often by forming a charcoal kiln, the heat is supplied by burning part of the starting material itself, with a limited supply of oxygen. The material can also be heated in a closed retort. Modern "charcoal" briquettes used for outdoor cooking may contain many other additives, e.g. coal. This process happens naturally when combustion is incomplete, and is sometimes used in radiocarbon dating. It also happens inadvertently while burning wood, as in a fireplace or wood stove. The visible flame in these is due to combustion of the volatile gases exuded as the wood turns into charcoal. The soot and smoke commonly given off by wood fires result from incomplete combustion of those volatiles. Charcoal burns at a higher temper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Woodland
A woodland () is, in the broad sense, land covered with trees, or in a narrow sense, synonymous with wood (or in the U.S., the ''plurale tantum'' woods), a low-density forest forming open habitats with plenty of sunlight and limited shade (see differences between British, American, and Australian English explained below). Woodlands may support an understory of shrubs and herbaceous plants including grasses. Woodland may form a transition to shrubland under drier conditions or during early stages of primary or secondary succession. Higher-density areas of trees with a largely closed canopy that provides extensive and nearly continuous shade are often referred to as forests. Extensive efforts by conservationist groups have been made to preserve woodlands from urbanization and agriculture. For example, the woodlands of Northwest Indiana have been preserved as part of the Indiana Dunes. Definitions United Kingdom ''Woodland'' is used in British woodland management to mean tre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iron Ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (, 72.4% Fe), hematite (, 69.9% Fe), goethite (, 62.9% Fe), limonite (, 55% Fe) or siderite (, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (greater than about 60% iron) are known as "natural ore" or "direct shipping ore", meaning they can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. In 2011 the ''Financial Times'' quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Sources Metallic iron is virtually unknown on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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