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National Industrial Conference Board
The Conference Board, Inc. is a 501(c)(3) non-profit business membership and research group organization. It counts over 1,000 public and private corporations and other organizations as members, encompassing 60 countries. The Conference Board convenes conferences and peer-learning groups, conducts economic and business management research, and publishes several widely tracked economic indicators. History The organization was founded in 1916 as the National Industrial Conference Board (NICB). At the time, tensions between labor and management in the United States were seen as potentially explosive in the wake of the Triangle Shirtwaist Factory fire in 1911 and the Ludlow Massacre in 1914. In 1915 presidents of twelve major corporations in the United States and six leading industry associations met in Yama, New York to formulate the business community's response to continued labor unrest and growing public criticism. After additional crisis meetings, the National Industrial Confe ...
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501(c)(3) Organization
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US. 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(3) exemption applies also for any non-incorporated community chest, fund, cooperating association or foundation organized and operated exclusively for those purposes.
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Frederick Perry Fish
Frederick Perry Fish (13 January 1855 – 6 November 1930) was an American lawyer and executive who served as president of American Telephone & Telegraph Corporation from 1901 to 1907. One of the leading patent attorneys of his age, representing such clients as Alexander Graham Bell, Thomas Edison, and The Wright Brothers, by the time of his death he was believed to have appeared in more patent cases at the Supreme Court than any other lawyer. He was the founder of the law firm now known as Fish & Richardson. Early life Fish was born on 13 January 1855 in Taunton, Massachusetts, to Frederick L. Fish (1813–1892) and Mary Jarvis (née Perry) Fish (1833–1910). Among his siblings were Nathaniel J. W. Fish, the mayor of Taunton, and engineer Charles Henry Fish. Fish's paternal grandparents were Simeon Fish and Judith (née Rayder) Fish and his maternal grandparents were the Rev. Clark Perry and Mary Jarvis (née Stone) Perry. Fish attended Harvard College and Harvard Law Scho ...
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Virgil Jordan
Virgil Jordan (1892–1965) was an economist and author. He was a past president of the '' National Industrial Conference Board'' and editor with BusinessWeek. He had liberal viewpoints. Bibliography * ''Freedom in America'' (with Henry Hazlitt Henry Stuart Hazlitt (; November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as ''The Wall Street Journal'', ''The Nation'', ''The American Mercury'', ''Newsweek'', and '' ...), 1945 * ''Manifesto for the Atomic Age'', 1946 *One Year After, 1946 pamphlet 1892 births 1965 deaths 20th-century American economists {{US-economist-stub ...
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Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by '' Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil, and DuPont. Methodology The original ''Fortune'' 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, ''Fortune'' published companio ...
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Cost Of Living Index
A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions with other items as prices vary. There are many different methodologies that have been developed to approximate cost-of-living indexes. A Konüs index is a type of cost-of-living index that uses an expenditure function such as one used in assessing expected compensating variation. The expected indirect utility is equated in both periods. Application to price index theory The United States Consumer Price Index (CPI) is a price index that is based on the idea of a cost-of-living index. The U.S. Department of Labor's Bureau of Labor Statistics (BLS) explains the differences: The CPI frequently is called a cost-of-living index, but it differs in important ways from a complete cost-of-living measure. BLS has for some time used a cost-of-living framework in m ...
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Eight-hour Day
The eight-hour day movement (also known as the 40-hour week movement or the short-time movement) was a social movement to regulate the length of a working day, preventing excesses and abuses. An eight-hour work day has its origins in the 16th century Spain, but the modern movement dates back to the Industrial Revolution in Britain, where industrial production in large factories transformed working life. At that time, the working day could range from 10 to 16 hours, the work week was typically six days a week and the use of child labour was common. The first country that introduced the 8-hour work day by law for factory and fortification workers was Spain in 1593. In contemporary era, it was established for all professions by the Soviet Union in 1917. History Sixteenth century In 1594, Philip II of Spain established an eight-hour work day by a royal edict known as '' Ordenanzas de Felipe II'', or Ordinances of Philip II. This established: An exception was applied to ...
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Workers' Compensation
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain.” One of the problems that the compensation bargain solved is the problem of employers becoming insolvent as a result of high damage awards. The system of collective liability was created to prevent that and thus to ensure security of compensation to the workers. While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a for ...
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Woodrow Wilson
Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election. As president, Wilson changed the nation's economic policies and led the United States into World War I in 1917. He was the leading architect of the League of Nations, and his progressive stance on foreign policy came to be known as Wilsonianism. Wilson grew up in the American South, mainly in Augusta, Georgia, during the Civil War and Reconstruction. After earning a Ph.D. in political science from Johns Hopkins University, Wilson taught at various colleges before becoming the president of Princeton University and a spokesman for progressivism in higher education. As governor of New Jersey from 1911 to 1913, Wilson broke with party ...
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National War Labor Board (1918–1919)
The National War Labor Board (NWLB) was an agency of the United States government established on April 8, 1918 to mediate labor disputes during World War I. History The board was appointed by President Woodrow Wilson. It was composed of twelve members, including five representatives each from business and the American Federation of Labor (AFL), as well as co-chairs Frank P. Walsh and former president William Howard Taft. The decisions of the NWLB generally supported and strengthened the position of labor. Although it opposed the disruption of war production by strikes, it supported an eight-hour day for workers, equal pay for women, and the right to organize unions and bargain collectively. Although the NWLB had no coercive enforcement power, Wilson generally ensured compliance with its decisions. In general, the relative strength of organized labor in America grew substantially during the war. Union membership almost doubled after the formation of the NWLB. Of note ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was 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, 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 within the Ottoman Empire and in the 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 France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdina ...
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Hagley Museum And Library
The Hagley Museum and Library is a nonprofit educational institution in unincorporated New Castle County, Delaware, near Wilmington. Covering more than along the banks of the Brandywine Creek, the museum and grounds include the first du Pont family home and garden in the United States, the powder yards, and a 19th-century machine shop. On the hillside below the mansion lies a Renaissance Revival garden, with terraces and statuary, created in the 1920s by Louise Evelina du Pont Crowninshield (1877–1958). History In 1802, French immigrant Éleuthère Irénée du Pont founded black powder mills on the banks of Brandywine Creek after purchasing the property in 1801 for $6,700. He chose the location for the river's tumble over the Fall Line which provided power, timber and willow trees (used to produce quality charcoal required for superior black powder), the proximity to the Delaware River (on which other ingredients of the powder – sulfur and saltpeter – could ...
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American Federation Of Labor
The American Federation of Labor (A.F. of L.) was a national federation of labor unions in the United States that continues today as the AFL-CIO. It was founded in Columbus, Ohio, in 1886 by an alliance of craft unions eager to provide mutual support and disappointed in the Knights of Labor. Samuel Gompers was elected the full-time president at its founding convention and reelected every year, except one, until his death in 1924. He became the major spokesperson for the union movement. The A.F. of L. was the largest union grouping, even after the creation of the Congress of Industrial Organizations (CIO) by unions that were expelled by the A.F. of L. in 1935. The Federation was founded and dominated by craft unions. especially the building trades. In the late 1930s craft affiliates expanded by organizing on an industrial union basis to meet the challenge from the CIO. The A.F. of L. and CIO competed bitterly in the late 1930s, but then cooperated during World War II and ...
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