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Fred Bell (rugby Union)
Thomas Frederick Bell, Jr. (May 10, 1875 – June 9, 1934) was an American millionaire heir, the son of banker Thomas Bell and his wife Teresa. Mary Pleasant litigation Bell's father had been an associate of African-American businesswoman Mary Ellen Pleasant, and with her assistance he had built a fortune of $30 million ($ million today). He died in 1892 after falling down a flight of stairs, leaving a third of his estate and a substantial allowance to his family. Mary Pleasant and Teresa Bell oversaw the family finances together, but by 1897 the family was deeply in debt. Fred Bell blamed Pleasant, and he filed a series of lawsuits directed at gaining control of the estate. The litigation perpetuated the image of Pleasant, a light-skinned woman who had once passed for white, as a devious " mammy." The first lawsuit, filed against Teresa, claimed that she was wasting the family fortune under Pleasant's influence, and demanded that she be removed as head of the household. Two ye ...
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Millionaire
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros or the currency of the given country. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is obviously much easier and less significant to be a millionaire in those currencies, thus a millionaire (in the local currency) in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, Euro, o ...
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Thomas Bell (capitalist)
Thomas Bell (1822–October 16, 1892) was a Scottish-American capitalist. He was an investor, banker, and co-founder of the Bank of California. He began his career with Barron, Forbes & Company as a clerk in Tepic, Mexico, he later became partner and then owner of the house, which was renamed to Thomas Bell & Company. He took on a partner, George Staacke in 1879. Bell was the director of the California Bank by 1875. He entered into a lucrative, yet boundary crossing and entwined, relationship with Mary Ellen Pleasant that may have complicated Bell's personal life, while it also helped manage family relationships. After his death the relationship with Pleasant resulted in a years-long lawsuit filed by his wife against Pleasant. Early life Bell was born in the Highlands of Scotland in 1822. He was also said to have been a native of Dundee, Scotland. He sailed from London for Valparaíso, Chile when he was 18 years old. Career He became a clerk at the Chili's largest commissi ...
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Mary Ellen Pleasant
Mary Ellen Pleasant (August 19, 1815 – January 11, 1904) was a 19th-century entrepreneur, financier, real estate magnate and abolitionist. She was arguably the first self-made millionaire of African-American heritage, preceding Madam C. J. Walker Madam C.J. Walker (born Sarah Breedlove; December 23, 1867 – May 25, 1919) was an African American entrepreneur, philanthropist, and political and social activist. She is recorded as the first female self-made millionaire in America in the '' G ... by decades. She identified herself as "a capitalist by profession" in the 1890 United States census. Her aim was to earn as much money as she was able to help as many people as she could. With her riches she was able to provide transportation, housing, and food for survival. She trained people how to stay safe, succeed, carry themselves, and more. The "one woman social agency" served African Americans before and during the Civil War, as well as meeting a different set of needs after Ema ...
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Passing (racial Identity)
Racial passing occurs when a person classified as a member of a racial group is accepted or perceived ("passes") as a member of another. Historically, the term has been used primarily in the United States to describe a black or brown person or of multiracial ancestry who assimilated into the white majority to escape the legal and social conventions of racial segregation and discrimination. In the United States Passing for white Although anti-miscegenation laws outlawing racial intermarriage existed in America as early as 1664, there were no laws preventing or prosecuting the rape of enslaved girls and women. Rape of slaves was legal and encouraged during slavery to increase slave population. For generations, enslaved black mothers bore mixed-race children who were deemed "mulattos", "quadroons", "octoroons", or "hexadecaroons" based on their percentage of "black blood". Although these mixed-race people were often half white or more, institutions of hypodescent and the 20 ...
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Mammy Archetype
A mammy is a U.S. historical stereotype depicting black women who work in a white family and nurse the family's children. The fictionalized mammy character is often visualized as a larger-sized, dark-skinned woman with a motherly personality. The origin of the mammy figure stereotype is rooted in the history of slavery in the United States. Black slave women were tasked with domestic and childcare work in white American slaveholding households. The mammy stereotype was inspired by these domestic workers. The mammy caricature was used to create a narrative of black women being happy within slavery or within a role of servitude. The mammy stereotype associates black women with domestic roles and it has been argued it, combined with segregation and discrimination, limited job opportunities for black women during the Jim Crow era, approximately 1877 to 1966. History The mammy caricature was first seen in the 1830s in antebellum proslavery literature as a way to oppose the descri ...
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1929 Stock Market Crash
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Americ ...
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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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San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of California cities by population, fourth most populous in California and List of United States cities by population, 17th most populous in the United States, with 815,201 residents as of 2021. It covers a land area of , at the end of the San Francisco Peninsula, making it the second most densely populated large U.S. city after New York City, and the County statistics of the United States, fifth most densely populated U.S. county, behind only four of the five New York City boroughs. Among the 91 U.S. cities proper with over 250,000 residents, San Francisco was ranked first by per capita income (at $160,749) and sixth by aggregate income as of 2021. Colloquial nicknames for San Francisco include ''SF'', ''San Fran'', ''The '', ''Frisco'', and '' ...
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1875 Births
Events January–March * January 1 – The Midland Railway of England abolishes the Second Class passenger category, leaving First Class and Third Class. Other British railway companies follow Midland's lead during the rest of the year (Third Class is renamed Second Class in 1956). * January 5 – The Palais Garnier, one of the most famous opera houses in the world, is inaugurated in Paris. * January 12 – Guangxu Emperor, Guangxu becomes the 11th Qing Dynasty Emperor of China at the age of 3, in succession to his cousin. * January 14 – The newly proclaimed King Alfonso XII of Spain (Queen Isabella II's son) arrives in Spain to restore the monarchy during the Third Carlist War. * February 3 – Third Carlist War – Battle of Lácar: Carlist commander Torcuato Mendiri, Torcuato Mendíri secures a brilliant victory, when he surprises and routs a Government force under General Enrique Bargés at Lácar, east of Estella, nearly capturing newly cr ...
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