Isaac Merritt Singer
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Isaac Merritt Singer
Isaac Merritt Singer (October 27, 1811 – July 23, 1875) was an American inventor, actor, and businessman. He made important improvements in the design of the sewing machine and was the founder of what became one of the first American multi-national businesses, the Singer Sewing Machine Company. Many others, including Walter Hunt and Elias Howe, had patented sewing machines before Singer, but his success was based on the practicality of his machine, the ease with which it could be adapted to home use and its availability on an installments payment basis. Singer died in 1875, dividing his $13 million fortune unequally among 20 of his living children by his wives and various mistresses, although one son, who had supported his mother in her divorce case against Singer, received only $500. Altogether he fathered 26 children. Early life Isaac Merritt Singer was born on October 27, 1811, in Pittstown, Schaghticoke, New York. He was the youngest of eight children born to a Germ ...
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Pittstown, New York
Pittstown is a town in Rensselaer County, New York, United States. The population was 5,735 at the 2010 census. It is in the northern part of the county. A small part of the northern town line is Rensselaer County's border with Washington County. Moving west, the Hoosic River defines the town's northwestern line to the crux of its border with the town of Schaghticoke, which juts south to form the western town line. The towns of Brunswick and Grafton border to the southwest and southeast, respectively, with the town of Hoosick to the east. The majority of the town is served by the Hoosic Valley Central School District, while the southern part of the town is serviced by Brunswick (Brittonkill) Central School District, with a portion of the eastern part of the town served by the Hoosick Falls Central School District. History The town is one of the original towns in the county and was created in 1788, from a patent dated 1761. The Coletti–Rowland–Agan Farmstead, Howa ...
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Royalties
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979 A royalty interest is the right to collect a stream of future royalty payments. A license agreement defines the terms under which a resource or property are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions. ...
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Glasgow
Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as well as being the 27th largest city by population in Europe. In 2020, it had an estimated population of 635,640. Straddling the border between historic Lanarkshire and Renfrewshire, the city now forms the Glasgow City Council area, one of the 32 council areas of Scotland, and is governed by Glasgow City Council. It is situated on the River Clyde in the country's West Central Lowlands. Glasgow has the largest economy in Scotland and the third-highest GDP per capita of any city in the UK. Glasgow's major cultural institutions – the Burrell Collection, Kelvingrove Art Gallery and Museum, the Royal Conservatoire of Scotland, the Royal Scottish National Orchestra, Scottish Ballet and Scottish Opera – enjoy international reputations. The city was the European Capital of Culture in 1990 and is notable for its architecture, cult ...
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Clydebank
Clydebank ( gd, Bruach Chluaidh) is a town in West Dunbartonshire, Scotland. Situated on the north bank of the River Clyde, it borders the village of Old Kilpatrick (with Bowling and Milton beyond) to the west, and the Yoker and Drumchapel areas of the adjacent City of Glasgow immediately to the east. Depending on the definition of the town's boundaries, the suburban areas of Duntocher, Faifley and Hardgate either surround Clydebank to the north, or are its northern outskirts, with the Kilpatrick Hills beyond. Historically part of Dunbartonshire and founded as a police burgh on 18 November 1886, Clydebank is part of the registration County of Dumbarton, the Dunbartonshire Crown Lieutenancy area, and the wider urban area of Greater Glasgow. History Early origins Clydebank is located within the historical boundaries of the ancient Kingdom of Strathclyde, the Mormaerdom of Lennox, and the parish of Old Kilpatrick (12th century), on the north bank of the River Clyde. ...
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The Co-operative Needlewoman's Society
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of pronoun '' thee'') when followed by ...
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The Association For The Sale Of Works Of Ladies Of Limited Mean
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of pronoun '' thee'') when followed by ...
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Ladies Work Society
The word ''lady'' is a term for a girl or woman, with various connotations. Once used to describe only women of a high social class or status, the equivalent of lord, now it may refer to any adult woman, as gentleman can be used for men. Informal use is sometimes euphemistic ("lady of the night" for prostitute) or, in American slang, condescending in direct address (equivalent to "mister" or "man"). "Lady" is also a formal title in the United Kingdom. "Lady" is used before the family name of a woman with a title of nobility or honorary title '' suo jure'' (in her own right), or the wife of a lord, a baronet, Scottish feudal baron, laird, or a knight, and also before the first name of the daughter of a duke, marquess, or earl. Etymology The word comes from Old English '; the first part of the word is a mutated form of ', "loaf, bread", also seen in the corresponding ', "lord". The second part is usually taken to be from the root ''dig-'', "to knead", seen also in dough; th ...
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Edward Cabot Clark
Edward Cabot Clark (December 19, 1811 – October 14, 1882) was an American lawyer, businessman and investor. Early life Clark was born on December 19, 1811 in Athens, New York, Athens in Greene County, New York. He was the eldest child of three sons born to Nathan Clark (1787–1880) and Julia (née Nichols) Clark (1793–1873), who married in February 1811. His younger brothers were Nathan Henry Clark (who died in infancy), and Nathan Clark Jr., who took over their father's potter company. His father was an early settler of Athens and established the prominent and highly successful firm, Athens Pottery Works. His maternal grandparents were from Waterbury, Connecticut and his paternal grandparents were Reuben Clark and Mary (née Peppard) Clark. After spending four years at the Lenox Academy in Lenox, Massachusetts where he learned Latin and Greek, in the fall of 1826 Clark began attending Williams College in Williamstown, Massachusetts, where he graduated in August 1831 ...
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Profit Margin
Profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of the revenue. \text = = There are 3 types of profit margins: gross profit margin, operating profit margin and net profit margin. * Gross Profit Margin is calculated as gross profit divided by net sales (percentage). Gross Profit is calculated by deducting the cost of goods sold (COGS) from the revenue, that is all the direct costs. This margin compares revenue to variable cost. It is calculated as: \text = \text - (\text + \text + \text) \text = \text - \text - \text \text = * Operating Profit Margin includes the cost of goods sold and is the earning before interest and taxes (EBIT) known as operating income divided by revenue. It is calculated as: \text = * Net profit margin is net profit divided by revenue. Net profit is calculated as revenue minus all expenses from total sales. \text = Overview Profit margin is calculated with selling price (or revenue) taken as base ...
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Eli Whitney
Eli Whitney Jr. (December 8, 1765January 8, 1825) was an American inventor, widely known for inventing the cotton gin, one of the key inventions of the Industrial Revolution that shaped the economy of the Antebellum South. Although Whitney himself believed that his invention would reduce the need for enslaved labor and help hasten the end of southern slavery, Whitney's invention made upland short cotton into a profitable crop, which strengthened the economic foundation of slavery in the United States and prolonged the institution. Despite the social and economic impact of his invention, Whitney lost many profits in legal battles over patent infringement for the cotton gin. Thereafter, he turned his attention into securing contracts with the government in the manufacture of muskets for the newly formed United States Army. He continued making arms and inventing until his death in 1825. Early life and education Whitney was born in Westborough, Massachusetts, on December 8, 1765, ...
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Samuel Colt
Samuel Colt (; July 19, 1814 – January 10, 1862) was an American inventor, industrialist, and businessman who established Colt's Patent Fire-Arms Manufacturing Company (now Colt's Manufacturing Company) and made the mass production of revolvers commercially viable. Colt's first two business ventures were producing firearms in Paterson, New Jersey, and making underwater mines; both ended in disappointment. His business affairs improved rapidly after 1847, when the Texas Rangers ordered 1,000 revolvers during the American war with Mexico. Later, his firearms were used widely during the settling of the western frontier. Colt died in 1862 as one of the wealthiest men in America. Colt's manufacturing methods were sophisticated. His use of interchangeable parts helped him become one of the first to use the assembly line efficiently. Moreover, his innovative use of art, celebrity endorsements, and corporate gifts to promote his wares made him a pioneer of advertising, ...
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Interchangeable Parts
Interchangeable parts are parts (components) that are identical for practical purposes. They are made to specifications that ensure that they are so nearly identical that they will fit into any assembly of the same type. One such part can freely replace another, without any custom fitting, such as filing. This interchangeability allows easy assembly of new devices, and easier repair of existing devices, while minimizing both the time and skill required of the person doing the assembly or repair. The concept of interchangeability was crucial to the introduction of the assembly line at the beginning of the 20th century, and has become an important element of some modern manufacturing but is missing from other important industries. Interchangeability of parts was achieved by combining a number of innovations and improvements in machining operations and the invention of several machine tools, such as the slide rest lathe, screw-cutting lathe, turret lathe, milling machine and m ...
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