Edmund Richardson
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Edmund Richardson
Edmund Richardson (June 28, 1818 − January 11, 1886) was an American entrepreneur who acquired great wealth during the mid-19th century by producing and marketing cotton in the states of Mississippi, Louisiana, and Arkansas. At the time of his death, he was described as the richest man in the South. Early years Edmund Richardson was born June 28, 1818, in Caswell County, North Carolina, to James Richardson and Nancy Payne Ware. He was educated in common schools from the age of 10 to 14 but left school in 1832 and clerked in a dry goods store in Danville, Virginia. In 1840, he inherited $2,800 (~$ in ) and a few slaves from his father's estate. By his early 20s, Richardson had settled in Jackson, Mississippi, where he formed a mercantile partnership with branch stores in neighboring communities. In 1848, Richardson married Margaret Elizabeth Patton of Huntsville, Alabama, with whom he had seven children. Civil War economics When the American Civil War began in 1861, Richa ...
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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 ...
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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 ...
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Mansion
A mansion is a large dwelling house. The word itself derives through Old French from the Latin word ''mansio'' "dwelling", an abstract noun derived from the verb ''manere'' "to dwell". The English word '' manse'' originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way (compare a Roman or medieval villa). '' Manor'' comes from the same root—territorial holdings granted to a lord who would "remain" there. Following the fall of Rome, the practice of building unfortified villas ceased. Today, the oldest inhabited mansions around the world usually began their existence as fortified houses in the Middle Ages. As social conditions slowly changed and stabilised fortifications were able to be reduced, and over the centuries gave way to comfort. It became fashionable and possible for homes to be beautiful rather than grim and forbidding allowing for the development of the modern mansion. In British Engl ...
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Convict Lease
Convict leasing was a system of forced penal labor which was practiced historically in the Southern United States, the laborers being mainly African-American men; it was ended during the 20th century. (Convict labor in general continues; for example voluntary labor from the general prison population has been used more recently in some parts of the Western United States). It provided prisoner labor to private parties, such as plantation owners and corporations (e.g. Tennessee Coal and Iron Company and Chattahoochee Brick Company). The lessee was responsible for feeding, clothing, and housing the prisoners. The state of Louisiana leased out convicts as early as 1844, but the system expanded throughout most of the South with the emancipation of slaves at the end of the American Civil War in 1865. It could be lucrative for the states: in 1898, some 73% of Alabama's entire annual state revenue came from convict leasing. While states of the Northern United States sometimes c ...
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Levee
A levee (), dike (American English), dyke (English in the Commonwealth of Nations, Commonwealth English), embankment, floodbank, or stop bank is a structure that is usually soil, earthen and that often runs parallel (geometry), parallel to the course of a river in its floodplain or along low-lying coastlines. The purpose of a levee is to keep the course of rivers from changing and to protect against flooding of the area adjoining the river or coast. Levees can be naturally occurring ridge structures that form next to the bank of a river, or be an artificially constructed fill dirt, fill or wall that regulates water levels. Ancient civilizations in the Indus Valley civilisation, Indus Valley, ancient Egypt, Mesopotamia and China all built levees. Today, levees can be found around the world, and failures of levees due to erosion or other causes can be major disasters. Etymology Speakers of American English (notably in the Midwestern United States, Midwest and Deep South) u ...
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Mississippi Delta
The Mississippi Delta, also known as the Yazoo–Mississippi Delta, or simply the Delta, is the distinctive northwest section of the U.S. state of Mississippi (and portions of Arkansas and Louisiana) that lies between the Mississippi and Yazoo Rivers. The region has been called "The Most Southern Place on Earth" ("Southern" in the sense of "characteristic of its region, the American South"), because of its unique racial, cultural, and economic history. It is long and across at its widest point, encompassing about , or, almost 7,000 square miles of alluvial floodplain. Originally covered in hardwood forest across the bottomlands, it was developed as one of the richest cotton-growing areas in the nation before the American Civil War (1861–1865). The region attracted many speculators who developed land along the riverfronts for cotton plantations; they became wealthy planters dependent on the labor of enslaved African Americans, who composed the vast majority of the populatio ...
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Reconstruction Era Of The United States
The Reconstruction era was a period in History of the United States, American history following the American Civil War (1861–1865) and lasting until approximately the Compromise of 1877. During Reconstruction, attempts were made to rebuild the country after the bloody Civil War, bring the former Confederate States of America, Confederate states back into the United States, and to redress the political, social, and economic legacies of slavery. During the era, United States Congress, Congress Abolitionism in the United States, abolished slavery, ended the remnants of Secession in the United States, Confederate secession in the Southern United States, South, and passed the Thirteenth Amendment to the United States Constitution, 13th, Fourteenth Amendment to the United States Constitution, 14th, and Fifteenth Amendment to the United States Constitution, 15th Amendments to the Constitution (the Reconstruction Amendments) ostensibly guaranteeing the newly freed slaves (Freedma ...
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Federal Government Of The United States
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where most of the federal government is based), five major self-governing territories and several island possessions. The federal government, sometimes simply referred to as Washington, is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively. The powers and duties of these branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court. Naming The full name of the republic is "United States of America". No other name appears in the Constitution, and this i ...
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Port
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manchester and Duluth; these access the sea via rivers or canals. Because of their roles as ports of entry for immigrants as well as soldiers in wartime, many port cities have experienced dramatic multi-ethnic and multicultural changes throughout their histories. Ports are extremely important to the global economy; 70% of global merchandise trade by value passes through a port. For this reason, ports are also often densely populated settlements that provide the labor for processing and handling goods and related services for the ports. Today by far the greatest growth in port development is in Asia, the continent with some of the world's largest and busiest ports, such as Singapore and the Chinese ports of Shanghai and Ningbo-Zhou ...
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Union Blockade
The Union blockade in the American Civil War was a naval strategy by the United States to prevent the Confederacy from trading. The blockade was proclaimed by President Abraham Lincoln in April 1861, and required the monitoring of of Atlantic and Gulf coastline, including 12 major ports, notably New Orleans and Mobile. Those blockade runners fast enough to evade the Union Navy could carry only a small fraction of the supplies needed. They were operated largely by foreign citizens, making use of neutral ports such as Havana, Nassau and Bermuda. The Union commissioned around 500 ships, which destroyed or captured about 1,500 blockade runners over the course of the war. Proclamation of blockade and legal implications On April 19, 1861, President Lincoln issued a ''Proclamation of Blockade Against Southern Ports'': Whereas an insurrection against the Government of the United States has broken out in the States of South Carolina, Georgia, Alabama, Florida, Mississippi, Louisiana, ...
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Union Navy
), (official) , colors = Blue and gold  , colors_label = Colors , march = , mascot = , equipment = , equipment_label = , start_date = , battles = , anniversaries = 13 October , decorations = , battle_honours = , website = , commander1 = President Abraham Lincoln , commander1_label = Commander-in-Chief , commander2 = Gideon Welles , commander2_label = Secretary of the Navy , notable_commanders = The Union Navy was the United States Navy (USN) during the American Civil War, when it fought the Confederate States Navy (CSN). The term is sometimes used carelessly to include vessels of war used on the rivers of the interior while they were under the con ...
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