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Captain Of Industry
In the 19th century, a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy. This characterization contrasts with that of the robber baron, a business leader using political means to achieve personal ends. Origin The term was coined by the Scottish essayist, historian and philosopher Thomas Carlyle in his essay " Count Cagliostro" (1833).In such periods of Social Decay, what is called an overflowing Population, that is a Population which, under the old Captains of Industry (named Higher Classes, ''Ricos Hombres'', Aristocracies and the like), can no longer find work and wages, increases the number of Unprofessionals, Lackalls, Social Nondescripts; with appetite of utmost keenness, which there is no known method of satisfying. Nay, more, and perversely enough, ever as Population ...
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Sir Joseph Whitworth, Printer's Sample For The World's Inventors Souvenir Album (A25) For Allen & Ginter Cigarettes MET DP838857
''Sir'' is a formal honorific address in English for men, derived from Sire in the High Middle Ages. Both are derived from the old French "Sieur" (Lord), brought to England by the French-speaking Normans, and which now exist in French only as part of "Monsieur", with the equivalent "My Lord" in English. Traditionally, as governed by law and custom, Sir is used for men titled as knights, often as members of orders of chivalry, as well as later applied to baronets and other offices. As the female equivalent for knighthood is damehood, the female equivalent term is typically Dame. The wife of a knight or baronet tends to be addressed as Lady, although a few exceptions and interchanges of these uses exist. Additionally, since the late modern period, Sir has been used as a respectful way to address a man of superior social status or military rank. Equivalent terms of address for women are Madam (shortened to Ma'am), in addition to social honorifics such as Mrs, Ms or Miss. Etymolo ...
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William Smart (economist)
William Smart (10 April 1853 – 19 March 1915) was a Scottish economist. Initially inspired by Thomas Carlyle and John Ruskin, Smart was a conveyor of the thought of the Austrian School, before being won-over to the neoclassicalism of Alfred Marshall. Smart, eldest son of Alexander Smart and grandson of Reverend William Smart, was born in Barrhead, Scotland Barrhead ( sco, Baurheid, gd, Ceann a' Bharra) is a town in East Renfrewshire, Scotland, southwest of Glasgow city centre on the edge of the Gleniffer Braes. At the 2011 census its population was 17,268. History Barrhead was formed when .... Works ''An Introduction to the Theory of Value on the Lines of Menger, Wieser, and Böhm-Bawerk''(1891, 1910). ''The Return to Protection''(1904) * * * * * References External links * {{DEFAULTSORT:Smart, William 1853 births 1915 deaths British economists Scottish economists Neoclassical economists Austrian School economists People from Barrhead Guild of ...
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Business Terms
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated an ...
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Laissez Faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ''lai ...
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National Endowment For The Humanities
The National Endowment for the Humanities (NEH) is an independent federal agency of the U.S. government, established by thNational Foundation on the Arts and the Humanities Act of 1965(), dedicated to supporting research, education, preservation, and public programs in the humanities. The NEH is housed at 400 7th St SW, Washington, D.C. From 1979 to 2014, NEH was at 1100 Pennsylvania Avenue, N.W., Washington, D.C. in the Nancy Hanks Center at the Old Post Office. History and purpose The NEH provides grants for high-quality humanities projects to cultural institutions such as museums, archives, libraries, colleges, universities, public television, and radio stations, and to individual scholars. According to its mission statement: "Because democracy demands wisdom, NEH serves and strengthens our republic by promoting excellence in the humanities and conveying the lessons of history to all Americans." The NEH was created in 1965 as a sub-agency of the National Foundation on ...
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John D
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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Leland Stanford
Amasa Leland Stanford (March 9, 1824June 21, 1893) was an American industrialist and politician. A member of the Republican Party, he served as the 8th governor of California from 1862 to 1863 and represented California in the United States Senate from 1885 until his death in 1893. He and his wife Jane were also the founders of Stanford University, which they named after their late son. Prior to his political career, Stanford was a successful merchant and wholesaler who built his business empire after migrating to California during the Gold Rush. As president of the Central Pacific Railroad and later the Southern Pacific from 1885 to 1890, he held tremendous power in the region and a lasting impact on California. Early life and career Leland Stanford was born in 1824 in what was then Watervliet, New York (now the Town of Colonie). He was one of eight children of Josiah and Elizabeth Phillips Stanford. Among his siblings were New York State Senator Charles Stanford (1819– ...
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Andrew Mellon
Andrew William Mellon (; March 24, 1855 – August 26, 1937), sometimes A. W. Mellon, was an American banker, businessman, industrialist, philanthropist, art collector, and politician. From the wealthy Mellon family of Pittsburgh, Pennsylvania, he established a vast business empire before moving into politics. He served as United States Secretary of the Treasury from March 9, 1921 to February 12, 1932, presiding over the boom years of the 1920s and the Wall Street crash of 1929. A conservative Republican, Mellon favored policies that reduced taxation and the national debt in the aftermath of World War I. Mellon's father, Thomas Mellon, rose to prominence in Pittsburgh as a banker and attorney. Andrew began working at his father's bank, T. Mellon & Sons, in the early 1870s, eventually becoming the leading figure in the institution. He later renamed T. Mellon & Sons as Mellon National Bank and established another financial institution, the Union Trust Company. By the end of 1 ...
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Andrew Carnegie
Andrew Carnegie (, ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (roughly $ billion in ), almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming " The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy. Carnegie was born in Dunfermline, Scotland, and emigrated to Pittsburgh with his parents in 1848 at age 12. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. H ...
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Cornelius Vanderbilt
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trading, water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the United States. As one of the List of richest Americans in history, richest Americans in history and List of wealthiest historical figures, wealthiest figures overall, Vanderbilt was the patriarch of the wealthy and influential Vanderbilt family. He provided the initial gift to found Vanderbilt University in Nashville, Tennessee. According to historian H. Roger Grant: "Contemporaries, too, often hated or feared Vanderbilt or at least considered him an unmannered brute. While Vanderbilt could be a rascal, combative and cunning, he was much more a builder than a wrecker [...] being hono ...
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Robber Baron (industrialist)
Robber baron is a derogatory term of social criticism originally applied to certain wealthy and powerful 19th-century American businessmen. The term appeared as early as the August 1870 issue of ''The Atlantic Monthly'' magazine. By the late 19th century, the term was typically applied to businessmen who purportedly used exploitative practices to amass their wealth. These practices included exerting control over natural resources, influencing high levels of government, paying subsistence wages, squashing competition by acquiring their competitors to create monopolies and raise prices, and schemes to sell stock at inflated prices to unsuspecting investors. The term combines the sense of criminal ("robber") and illegitimate aristocracy (a baron is an illegitimate role in a republic).Worth Robert Miller, ''Populist cartoons: an illustrated history of the third-party movement in the 1890s '' (2011) p. 13 Usage The term robber baron derives from the ''Raubritter'' (''robber knights'') ...
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Ernst Abbe
Ernst Karl Abbe HonFRMS (23 January 1840 – 14 January 1905) was a German physicist, optical scientist, entrepreneur, and social reformer. Together with Otto Schott and Carl Zeiss, he developed numerous optical instruments. He was also a co-owner of Carl Zeiss AG, a German manufacturer of scientific microscopes, astronomical telescopes, planetariums, and other advanced optical systems. Personal life Abbe was born 23 January 1840 in Eisenach, Saxe-Weimar-Eisenach, to Georg Adam Abbe and Elisabeth Christina Barchfeldt. He came from a humble home – his father was a foreman in a spinnery. Supported by his father's employer, Abbe was able to attend secondary school and to obtain the general qualification for university entrance with fairly good grades, at the Eisenach Gymnasium, which he graduated from in 1857. By the time he left school, his scientific talent and his strong will had already become obvious. Thus, in spite of the family's strained financial situation, his father ...
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