Kroehler Manufacturing Company
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Kroehler Manufacturing Company
Kroehler Manufacturing Company was a furniture company and was originally incorporated as the Naperville Lounge Company, on March 9, 1893. It was founded by ten original stockholders. In 1896, Peter Kroehler, an employee, offered to purchase the stockholder's interest at its book value. The offer was taken, and at the beginning of 1896 a new group of four partners took over the business. In 1897, the company found a new headquarters next to the C. B. & Q tracks in Naperville IL. On April 6, 1903, Peter Kroehler was made president of the company. On April 1, 1915, the name "Kroehler Manufacturing Company" was adopted, as the company had four factories now operating under various names, which was inconvenient. Kroehler Manufacturing Company later became the world's largest furniture company. During the 1970s, the company started operating at a loss, closing its historic Naperville factory in 1978 and ending its operations in the area. In 1981 Kroehler Manufacturing Company was acqui ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Chicago, Burlington And Quincy Railroad
The Chicago, Burlington and Quincy Railroad was a railroad that operated in the Midwestern United States. Commonly referred to as the Burlington Route, the Burlington, or as the Q, it operated extensive trackage in the states of Colorado, Illinois, Iowa, Missouri, Nebraska, Wisconsin, Wyoming, and also in Texas through subsidiaries Colorado and Southern Railway, Fort Worth and Denver Railway, and Burlington-Rock Island Railroad. Its primary connections included Chicago, Minneapolis–Saint Paul, St. Louis, Kansas City, and Denver. Because of this extensive trackage in the midwest and mountain states, the railroad used the advertising slogans "Everywhere West", "Way of the ''Zephyrs''", and "The Way West". In 1967, it reported 19,565 million net ton-miles of revenue freight and 723 million passenger miles; corresponding totals for C&S were 1,100 and 10 and for FW&D were 1,466 and 13. At the end of the year, CB&Q operated 8,538 route-miles, C&S operated 708, and FW&D operated ...
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North Central College
North Central College is a private college in Naperville, Illinois. It is affiliated with the United Methodist Church and has nearly 70 areas of study in undergraduate majors, minors, and programs through 19 academic departments organized in three undergraduate colleges/schools (College of Arts and Sciences, School of Business and Entrepreneurship, School of Education and Health Sciences) and a masters program (School of Graduate and Professional Studies). History North Central College was founded in 1861 as Plainfield College in Plainfield, Illinois. Classes were first held on November 11 of that year. On February 15, 1864, the Board of Trustees changed the name of the school to North-Western College. The college moved to Naperville in 1870 and the name was again changed in 1926 to North Central College. In June 2017, North Central College acquired Shimer College and instituted the Shimer Great Books School of North Central College. North Central College is just 30 minutes fr ...
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Naperville, Illinois
Naperville ( ) is a city in DuPage County, Illinois, DuPage and Will County, Illinois, Will counties in the U.S. state of Illinois. It is in the Chicago metro area, west of the city. Naperville was founded in 1831 by Joseph Naper. The city was established by the banks of the DuPage river, and was originally known as Naper's Settlement. By 1832, over 100 residents lived in Naper's Settlement. In 1839, after DuPage County was split from Cook County, Naperville became the county seat, which it remained until 1868. Beginning in the 1960s, Naperville experienced a significant population increase as a result of Chicago's urban sprawl. As of the 2020 United States census, 2020 census, its population was 149,540, making it the state's fourth-most populous city. Naperville's largest employer is Edward Hospital with 4,500 employees. Naperville is home to Moser Tower and Millennium Carillon, one of the world's four largest carillons. It is also home to an extensive parks and forest prese ...
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Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in ...
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Tornado Outbreak Sequence Of March 1913
The tornado outbreak sequence of March 1913 was a devastating series of tornado outbreaks that affected the northern Great Plains, the Southern United States, and sections of the upper Midwest over a two-day-long period between March 21–23, 1913. Composed of two outbreaks, the sequence first began with a tornado outbreak that commenced in Mississippi early on March 21. Several significant tornadoes occurred, one of which killed seven people in one family and another destroyed much of Lower Peach Tree, Alabama, with 27 deaths all in that town. The tornado at Lower Peach Tree is estimated to have been equivalent to a violent F4 tornado on the Fujita scale, based upon damage accounts. The tornadoes occurred between 0630–1030 UTC, or pre-dawn local time, perhaps accounting for the high number of fatalities—a common trend in tornadoes in the Dixie Alley.Robinson, "Natural Disasters", ''Encyclopedia'', p. 584 In all, tornadoes in Mississippi, Georgia, and Alabama killed 48 peop ...
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Valentine-Seaver Company
The Valentine-Seaver Company was an American furniture company. It was founded by Louis Lincoln Valentine and Andrew E. Seaver. In 1927 it was acquired by the Kroehler Manufacturing Company. Designs by the company are held in the collection of the Cooper-Hewitt, National Design Museum. Founding history In 1889, Louis Lincoln Valentine and W. J. Barnhart co-founded a furniture manufacturer in Chicago, Illinois. They rented floor space in a building on Michigan Avenue. At that time, they had only two staff members: a finisher and an upholster. Barnhart sold his portion of the business, in June 1889, to Andrew E. Seaver, hence the name Valentine-Seaver. That same year, on October 18, the company incorporated. Louis Lincoln Valentine Louis Lincoln Valentine came to Chicago after being a farmer. He also had previous experience working at his fathers furniture business, and upon arriving in Chicago in 1886, he started working at a furniture store a sales clerk. In 1887 he became a ...
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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 Financial contagion, economic contagion began around September and led to the Wall Street Crash of 1929, 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, 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 t ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, massa ...
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Naperville Train Disaster
The Naperville train disaster occurred April 25, 1946, on the Chicago, Burlington and Quincy Railroad at Loomis Street in Naperville, Illinois, when the railroad's ''Exposition Flyer'' rammed into the ''Advance Flyer'', which had made an unscheduled stop to check its running gear. The ''Exposition Flyer'' had been coming through on the same track at . There were 45 deaths and some 125 injuries. This crash is a major reason why most passenger trains in the United States have a rail speed limits in the United States, speed limit of . Trains The ''Advance Flyer'' and ''Exposition Flyer'' were Diesel locomotive, diesel-powered high-speed inter-city passenger trains; the ''Exposition Flyer'' would be replaced by the famed ''California Zephyr'' within three years. Both trains were scheduled to leave Chicago, Chicago's Chicago Union Station, Union Station at 12:35 PM, the ''Advance Flyer'' took a two-minute lead as they both sped west in two sections. On the day of the wreck, the ''Advan ...
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