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International Mercantile Marine Company
The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. IMM was founded by shipping magnates Clement Griscom of the American Line and Red Star Line, Bernard N. Baker of the Atlantic Transport Line, J. Bruce Ismay of the White Star Line, and John Ellerman of the Leyland Line. The Dominion Line was also amalgamated. The project was bankrolled by J.P. Morgan & Co., led by financier J. P. Morgan. The company also had working profit-sharing relationships with the German Hamburg-Amerika and the North German Lloyd lines. The trust caused great concern in the British shipping industry and led directly to the British government's subsidy of the Cunard Line's new ships RMS ''Lusitania'' and RMS ''Mauretania'' in an effort to compete. IMM was a holding company that controlled subsidiary corporations that had their own subsidiaries. ...
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RMS Lusitania
RMS ''Lusitania'' (named after the Roman province in Western Europe corresponding to modern Portugal) was a British ocean liner that was launched by the Cunard Line in 1906 and that held the Blue Riband appellation for the fastest Atlantic crossing in 1908. It was briefly the world's largest passenger ship until the completion of the three months later. She was sunk on her 202nd trans-Atlantic crossing, on 7 May 1915, by a German U-boat off the southern coast of Ireland, killing 1,198 passengers and crew. The sinking occurred about two years before the United States declaration of war on Germany. Although the ''Lusitania''s sinking was a major factor in building American support for a war, war was eventually declared only after the Imperial German Government resumed the use of unrestricted submarine warfare against American shipping in an attempt to break the Transatlantic supply chain from the US to Britain, as well as after the Zimmermann Telegram. German shipping l ...
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Olympic Class Ocean Liner
The ''Olympic''-class ocean liners were a trio of British ocean liners built by the Harland & Wolff shipyard for the White Star Line during the early 20th century. They were (1911), ''Titanic'' (1912) and (1915). All three were designed to be the largest and most luxurious passenger ships at that time, designed to give White Star an advantage in the transatlantic passenger trade. While ''Olympic'', the lead vessel, had a career spanning 24 years and was retired and sold for scrap in 1935, her sisters would not see similar success: ''Titanic'' struck an iceberg and sank on her maiden voyage and ''Britannic'' was lost during World War I after hitting a mine off Kea in the Aegean Sea before she could enter passenger service. Although two of the vessels did not have successful careers, they are among the most famous ocean liners ever built. Both ''Olympic'' and ''Titanic'' enjoyed the distinction of being the largest ships in the world. ''Olympic'' was the largest British-buil ...
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Harland & Wolff
Harland & Wolff is a British shipbuilding company based in Belfast, Northern Ireland. It specialises in ship repair, shipbuilding and offshore construction. Harland & Wolff is famous for having built the majority of the ocean liners for the White Star Line, including ''Olympic''-class trio – , and HMHS ''Britannic''. Outside of White Star Line, other ships that have been built include the Royal Navy's ; Royal Mail Line's ''Andes''; Shaw, Savill & Albion's ; Union-Castle's ; and P&O's . Harland and Wolff's official history, ''Shipbuilders to the World'', was published in 1986. As of 2011, the expanding offshore wind power industry had been the prime focus, and 75% of the company's work was based on offshore renewable energy. Early history Harland & Wolff was formed in 1861 by Edward James Harland (1831–95) and Hamburg-born Gustav Wilhelm Wolff (1834–1913; he came to the UK at age 14). In 1858 Harland, then general manager, bought the small shipyard on ''Quee ...
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SS Regina
SS ''Regina'' may refer to: * , in service 1884–1889 * , a ship that sank off Bradenton Beach, Florida, in 1940; wreck is a Florida Underwater Archaeological Preserve and listed on the National Register of Historic Places * , a ship that sank in Lake Huron in the Great Lakes Storm of 1913; wreck is a dive site in the Sanilac Shores Underwater Preserve * , a passenger ship built by Harland and Wolff for the Dominion Line The Dominion Line was a trans-atlantic passenger line founded in 1870 as the ''Liverpool & Mississippi Steamship Co.'', with the official name being changed in 1872 to the ''Mississippi & Dominion Steamship Co Ltd.'' The firm was amalgamated in ... in 1917 * , an ocean liner owned by Chandris Lines, scrapped in 1985. See also * * {{DEFAULTSORT:Regina, SS Ship names ...
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New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seiz ...
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United States Congress
The United States Congress is the legislature of the federal government of the United States. It is Bicameralism, bicameral, composed of a lower body, the United States House of Representatives, House of Representatives, and an upper body, the United States Senate, Senate. It meets in the U.S. Capitol in Washington, D.C. Senators and representatives are chosen through direct election, though vacancies in the Senate may be filled by a Governor (United States), governor's appointment. Congress has 535 voting members: 100 senators and 435 representatives. The U.S. vice president has a vote in the Senate only when senators are evenly divided. The House of Representatives has six Non-voting members of the United States House of Representatives, non-voting members. The sitting of a Congress is for a two-year term, at present, beginning every other January. Elections in the United States, Elections are held every even-numbered year on Election Day (United States), Election Day. Th ...
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American Neptune
The ''American Neptune: A Quarterly Journal of Maritime History and Arts'' was an academic journal covering American maritime history from its establishment in 1941 until it ceased publication in 2002. History Established by Samuel Eliot Morison and Walter Muir Whitehill, the Peabody Museum of Salem published the journal from 1941 to 1992. In 1992-93, it was jointly published by the Peabody and the Essex Museums, and from 1993 until 2002 by the successor organization, the Peabody Essex Museum. The journal was originally subtitled as "A Quarterly Journal of Maritime History" and later in 1995 added "and Arts". The ''American Neptunes final issue was Volume 62, number 1 (Winter 2002). After a hiatus, it was succeeded by ''Northern Mariner ''The Northern Mariner'' (French: ''Le marin du nord'') is a quarterly peer-reviewed academic journal published by the Canadian Nautical Research Society in association with the North American Society for Oceanic History. It covers the study ...
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United States Lines
United States Lines was the trade name of an organization of the United States Shipping Board (USSB), Emergency Fleet Corporation (EFC) created to operate German liners seized by the United States in 1917. The ships were owned by the USSB and all finances of the line were controlled by the EFC. Among the notable ships of this period was , a contender for largest ship in the world for a time. Eventually the line was sold and went private to continue operating as a transatlantic shipping company that operated cargo services from 1921 to 1989, and ocean liners until 1969—most famously, . 1920s United States Lines was the trade name of the United States Shipping Board's Emergency Fleet Corporation (EFC) organization created to operate the large German liners seized by the United States in 1917. By 1925 the corporation operated ex-German liners ''Leviathan'', , , and the USSB built ships and in service between New York and Europe. On 15 November 1921 the line began operatin ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific Ocean, Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in Genocides in history (World War I through World War II), genocides within the Ottoman Empire and in the Spanish flu, 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising French Third Republic, France, Russia, and British Empire, Britain) and the Triple A ...
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Leverage (finance)
In finance, leverage (or gearing in the United Kingdom and Australia) is any technique involving borrowing funds to buy things, hoping that future profits will be many times more than the cost of borrowing. This technique is named after a lever in physics, which amplifies a small input force into a greater output force, because successful leverage amplifies the comparatively small amount of money needed for borrowing into large amounts of profit. However, the technique also involves the high risk of not being able to pay back a large loan. Normally, a lender will set a limit on how much risk it is prepared to take and will set a limit on how much leverage it will permit, and would require the acquired asset to be provided as collateral security for the loan. Leveraging enables gains to be multiplied.Brigham, Eugene F., ''Fundamentals of Financial Management'' (1995). On the other hand, losses are also multiplied, and there is a risk that leveraging will result in a loss if financ ...
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RMS Titanic
RMS ''Titanic'' was a British passenger Ocean liner, liner, operated by the White Star Line, which Sinking of the Titanic, sank in the North Atlantic Ocean on 15 April 1912 after striking an iceberg during her maiden voyage from Southampton, England, to New York City, United States. Of the Sinking of the Titanic#Casualties and survivors, estimated 2,224 passengers and crew aboard, more than 1,500 died, making it List of maritime disasters, the deadliest sinking of a single ship up to that time. It remains the deadliest peacetime sinking of a superliner (passenger ship), superliner or cruise ship. The disaster drew public attention, provided foundational material for the disaster film genre, and has inspired many artistic works. Royal Mail Ship, RMS ''Titanic'' was the Timeline of largest passenger ships, largest ship afloat at the time she entered service and the second of three s operated by the White Star Line. She was built by the Harland and Wolff shipyard in Belfast. Th ...
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