Continental Steel Corporation
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Continental Steel Corporation
The Continental Steel Corporation was United States steel producer from 1927 until 1986. The company was created on June 21, 1927, through the merger of the Kokomo Steel and Wire Company (founded in Kokomo, Indiana, in 1901) with the Superior Sheet Steel Company of Canton, Ohio, and the Chapman Price Steel Company of Indianapolis. Among the original eleven directors was John E. Fredrick, who had been an organizer of the Kokomo Fence Machine Company in 1896 and had served on the board of directors of the Kokomo Steel and Wire Company. Fredrick served as first Chairman of the Board of Continental Steel, whose headquarters were established in Kokomo. The Kokomo operations of this corporation, however, continued to employ the Kokomo Steel and Wire name until 1944. Continental Steel was dissolved in 1986, due to bankruptcy. Early operations Within a year of its founding, the various plants of Continental Steel employed 2288 individuals, a new bar mill was in operation, and the fir ...
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Kokomo, Indiana
Kokomo ( ) is a city in Indiana and the county seat of Howard County, Indiana, United States. It is the principal city of the Kokomo, Indiana Metropolitan Statistical Area, which includes all of Howard County, the Kokomo-Peru CSA, which includes Howard and Miami counties, as well as the North Central Indiana region consisting of six counties anchored by the city of Kokomo. Kokomo's population increased from 45,468 at the 2010 census to 59,604 in th2020 census Named for the Miami Ma-Ko-Ko-Mo who was called "Chief Kokomo", Kokomo first benefited from the legal business associated with being the county seat. Before the Civil War, it was connected with Indianapolis and then the Eastern cities by railroad, which resulted in sustained growth. Substantial growth came after the discovery of large natural gas reserves, which produced an economic boom in the mid-1880s. Among the businesses which the boom attracted was the fledgling automobile industry. A significant number of technical ...
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Metallurgical Furnace
A metallurgical furnace, more commonly referred to as a furnace, is a device used to heat and melt metal ore to remove gangue, primarily in Metal, iron and steel production. The heat energy to fuel a furnace may be supplied directly by fuel combustion, by electricity such as the electric arc furnace, or through induction heating in induction furnaces. There are several different types of furnaces used in metallurgy to work with specific metal and ores. Smelting furnaces Smelting furnaces are used in smelting to extract metal from ore. Smelting furnaces include: * The blast furnace, used to Redox, reduce iron ore to pig iron ** Cold blast ** Hot blast * Steelmaking furnaces, including: ** Puddling furnace ** Reverberatory furnace ** ** Open hearth furnace ** Basic oxygen furnace ** Electric arc furnace ** Electric induction furnace Other furnaces * Furnaces used to remelt metal in Foundry, foundries. * Furnaces used to reheat and Heat treatment, heat treat metal for use in: ...
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Swampland
A swamp is a forested wetland.Keddy, P.A. 2010. Wetland Ecology: Principles and Conservation (2nd edition). Cambridge University Press, Cambridge, UK. 497 p. Swamps are considered to be transition zones because both land and water play a role in creating this environment. Swamps vary in size and are located all around the world. The water of a swamp may be fresh water, brackish water, or seawater. Freshwater swamps form along large rivers or lakes where they are critically dependent upon rainwater and seasonal flooding to maintain natural water level fluctuations.Hughes, F.M.R. (ed.). 2003. The Flooded Forest: Guidance for policy makers and river managers in Europe on the restoration of floodplain forests. FLOBAR2, Department of Geography, University of Cambridge, Cambridge, UK. 96 p. Saltwater swamps are found along tropical and subtropical coastlines. Some swamps have hammocks, or dry-land protrusions, covered by aquatic vegetation, or vegetation that tolerates periodic inundat ...
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Modernization
Modernization theory is used to explain the process of modernization within societies. The "classical" theories of modernization of the 1950s and 1960s drew on sociological analyses of Karl Marx, Emile Durkheim and a partial reading of Max Weber, and were strongly influenced by the writings of Harvard sociologist Talcott Parsons. Modernization theory was a dominant paradigm in the social sciences in the 1950s and 1960s, then went into a deep eclipse. It made a comeback after 1991, when Francis Fukuyama wrote about the end of the Cold War as confirmation on modernization theory and more generally of universal history. But the theory remains a controversial model. Modernization refers to a model of a progressive transition from a "pre-modern" or "traditional" to a "modern" society. Modernization theory suggests that traditional societies will develop as they adopt more modern practices. Proponents of modernization theory claim that modern states are wealthier and more powerful and t ...
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Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension funds suppor ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ...
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Labor Dispute
A labor dispute is a disagreement between an employer and employees regarding the terms of employment. This could include disputes regarding conditions of employment, fringe benefits, hours of work, tenure, and wages to be negotiated during collective bargaining, or the implementation of already agreed upon terms. It could further concern the association or representation of those who negotiate or seek to negotiate the terms or conditions of employment. Prevention Preventing labor disputes involves coordinating actions at multiple levels, including: Publicity Through the multi-channel and multi-level promotion of policies and regulations to ensure that the employer knows the law, workers' rights activists should know how to deal with the social and cultural environment. Collective bargaining In countries such as the US, the workforce can form unions, strike Strike may refer to: People * Strike (surname) Physical confrontation or removal *Strike (attack), attack w ...
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Steel Industry
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other ele ...
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Ling-Temco-Vought
Ling-Temco-Vought (LTV) was a large American conglomerate which existed from 1961 to 2000. At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses. It began in 1947 as Ling Electric Company, later named Ling-Temco-Vought, followed by LTV Corporation and eventually LTV Steel until its end in 2001. History Ling Electric Company In 1947, entrepreneur James Ling founded an electrical contracting business, Ling Electric Company, in Dallas, Texas. He lived in the rear of the shop. After incorporating and taking the company public in 1955, Ling found innovative ways to market the stock, including selling door-to-door and from a booth at the State Fair of Texas. Ling-Temco-Vought In 1956 Ling bought L.M. Electronics, and in 1959 added Altec Electronics, a maker of stereo systems and speakers. In 1960 Ling merged the company with Temco Aircraft, best known for its mi ...
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Jones And Laughlin Steel
The Jones and Laughlin Steel Corporation began as the American Iron Company, founded in 1852 by Bernard Lauth and Benjamin Franklin Jones, a few miles (c 4 km) south of Pittsburgh along the Monongahela River. Lauth's interest was bought in 1854 by James Laughlin. The first firm to bear the name of Jones and Laughlin was organized in 1861 and headquartered at Third & Ross in downtown Pittsburgh. History Originally producing only iron, the enterprise began the production of steel in 1886. Over the ensuing 60 years, the company expanded its facilities and its operations along both sides of the Monongahela River on the South Side of Pittsburgh and along the Ohio River at Aliquippa. The Hot Metal Bridge across the Monongahela River was built to connect Eliza blast furnaces (making pig iron) on the Hazelwood side of the river with the open hearth furnaces (making steel) on the south side of the river. In 1905, a new plant was begun at Aliquippa, Pennsylvania. The company als ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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