Leonard C. Bailey
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Leonard C. Bailey
Leonard C. Bailey (c. 1825 - September 1, 1918) was an African-American entrepreneur, inventor, and banker. He founded one of the first African-American banks in the United States. Bailey was born in about 1825 to a free African-American family. Growing up in poverty, Bailey worked as a barber and built up a chain of barbershops in Washington, D.C. Bailey invented and received patents for a series of devices, many designed for military or government use. These included a collapsible, folding bed designed for easy storage and portability, an innovation adopted by the U.S. military; a rapid mail-stamping machine used by the U.S. Postal Service; a device to shunt trains to different tracks; and a hernia truss adopted into wide use by the U.S. Army Medical Board. Bailey had to escape from a military camp after there was an attempt to capture him as a slave while he was dropping off his inventions. These inventions provided him with a sizable income. Bailey helped establish the Capi ...
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Entrepreneurship
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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Inventor
An invention is a unique or novel device, method, composition, idea or process. An invention may be an improvement upon a machine, product, or process for increasing efficiency or lowering cost. It may also be an entirely new concept. If an idea is unique enough either as a stand alone invention or as a significant improvement over the work of others, it can be patented. A patent, if granted, gives the inventor a proprietary interest in the patent over a specific period of time, which can be licensed for financial gain. An inventor creates or discovers an invention. The word ''inventor'' comes from the Latin verb ''invenire'', ''invent-'', to find. Although inventing is closely associated with science and engineering, inventors are not necessarily engineers or scientists. Due to advances in artificial intelligence, the term "inventor" no longer exclusively applies to an occupation (see human computers). Some inventions can be patented. The system of patents was established ...
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Banker
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Washington, D
Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. * George Washington (1732–1799), the first president of the United States Washington may also refer to: Places England * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough ** Washington Old Hall, ancestral home of the family of George Washington * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Washington, Wisconsin (other) * Fort Washington (other) ...
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Patent
A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A patent is not the grant of a right to make or use or sell. It does not, directly or indirectly, imply any such right. It grants only the right to exclude others. The supposition that a right to make is created by the patent grant is obviously inconsistent with the established distinctions between generic and specific patents, and with the well-known fact that a very considerable portion of the patents granted are in a field covered by a former relatively generic or basic patent, are tributary to such earlier patent, and cannot be practiced unless by license thereunder." – ''Herman v. Youngstown Car Mfg. Co.'', 191 F. 579, 584–85, 112 CCA 185 (6th Cir. 1911) In most countries, patent rights fall under private law and the patent holder mus ...
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Hernia
A hernia is the abnormal exit of tissue or an organ (anatomy), organ, such as the bowel, through the wall of the cavity in which it normally resides. Various types of hernias can occur, most commonly involving the abdomen, and specifically the groin. Groin hernias are most commonly of the inguinal hernia, inguinal type but may also be femoral hernia, femoral. Other types of hernias include Hiatal hernia, hiatus, incisional hernia, incisional, and umbilical hernias. Symptoms are present in about 66% of people with groin hernias. This may include pain or discomfort in the lower abdomen, especially with coughing, exercise, or Urination, urinating or Defecation, defecating. Often, it gets worse throughout the day and improves when lying down. A bulge may appear at the site of hernia, that becomes larger when bending down. Groin hernias occur more often on the right than left side. The main concern is Strangulation (bowel), bowel strangulation, where the blood supply to part of the bowe ...
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Panic Of 1893
The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the presidency of William McKinley. Causes The Panic of 1893 has been traced to many causes, one of those points to Argentina; investment was encouraged by the Argentine agent bank, Baring Brothers. However, the 1890 wheat crop failure and a failed coup in Buenos Aires ended further investments. In addition, speculations in South African and Australian properties also collapsed. Because European investors were concerned that these problems might spread, they started a run on gold in the U.S. Treasury. Specie was considered more valuable than paper money; when people were uncertain about the future, they hoarded specie and rejected paper notes.Nelson, Scott Reynolds. 2012. A Nation of Deadbeats. New York: Alfred Knopf, p. 189. During the Gi ...
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Manassas Industrial School For Colored Youth
The Manassas Industrial School for Colored Youth, commemorated as the Jennie Dean Memorial Site, was a former school for African-American children in Manassas, Virginia. The current site name honors the school's founder, Jennie Dean, a charismatic ex-slave who believed in the value of vocational education for African-American youth of both sexes. an''Accompanying photo''/ref> Dean and other African Americans (with assistance of sympathetic whites) established the school as a private residential institution in 1893. In 1938, after the Virginia Supreme Court finally interpreted the 1902 state constitution's free public education requirement as mandating public schools for African American children as well as white children (through litigation sponsored by the National Association for the Advancement of Colored People), a regional public school system took over operations and ran the school until 1959. Thus, for approximately two decades between 1938 until 1958, the Manassas Industrial ...
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National Harmony Memorial Park
National Harmony Memorial Park is a private, secular cemetery located at 7101 Sheriff Road in Landover, Maryland, in the United States. Although racially integrated, most of the individuals interred there are African American. In 1960, the 37,000 graves of Columbian Harmony Cemetery in Washington, D.C., were transferred to National Harmony Memorial Park's Columbian Harmony section. In 1966, about 2,000 graves from Payne's Cemetery in D.C. were transferred to National Harmony Memorial Park as well. History of the cemetery Washington businessman Louis H. Bell owned Forest Lawn Cemetery on Sheriff Road in Landover, Maryland. Bell also owned Prince George's Nurseries, and planned to add an additional of nursery land to the cemetery. In nearby Washington, D.C., Columbian Harmony Cemetery had met its capacity. Established in 1859 by a burial society for free Blacks, it was the most active cemetery for Black residents from the 1880s to the 1920s. But by 1950 the cemetery ran out of roo ...
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Largo, Maryland
Largo, located within greater Upper Marlboro, Maryland, is an unincorporated area and census-designated place in Prince George's County, Maryland, United States. The population was 11,605 at the 2020 census. Largo is located just east of the Capital Beltway (I-95/495) and is home to Prince George's Community College and Largo High School. Six Flags America amusement park (formerly known as Wild World and Adventure World) is to the east in Woodmore, and FedExField, the Washington Commanders's stadium, is across the Capital Beltway in Summerfield. Watkins Regional Park in Kettering just to the east of Largo (operated by the Maryland-National Capital Park and Planning Commission) has an old-fashioned carousel, miniature train ride, miniature golf, the Old Maryland Farm, a playground, and animals on display. Largo is not a post office designation, but is at the northern end of the Greater Upper Marlboro ZIP code area. Since the transit system's expansion in late 2004, Largo To ...
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1820s Births
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album '' Burnout'' * "I'm Eighteen", by Alice Cooper commonl ...
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1918 Deaths
This year is noted for the end of the World War I, First World War, on the eleventh hour of the eleventh day of the eleventh month, as well as for the Spanish flu pandemic that killed 50–100 million people worldwide. Events Below, the events of World War I have the "WWI" prefix. January * January – 1918 flu pandemic: The "Spanish flu" (influenza) is first observed in Haskell County, Kansas. * January 4 – The Finnish Declaration of Independence is recognized by Russian Soviet Federative Socialist Republic, Soviet Russia, Sweden, German Empire, Germany and France. * January 9 – Battle of Bear Valley: U.S. troops engage Yaqui people, Yaqui Native American warriors in a minor skirmish in Arizona, and one of the last battles of the American Indian Wars between the United States and Native Americans. * January 15 ** The keel of is laid in Britain, the first purpose-designed aircraft carrier to be laid down. ** The Red Army (The Workers and Peasants Red Army) ...
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