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Philadelphia Savings Fund Society Building
The PSFS Building, now known as the Loews Philadelphia Hotel, is a skyscraper in Center City, Philadelphia, Pennsylvania. A National Historic Landmark, the building was the first International style skyscraper constructed in the United States. It was built for the Philadelphia Saving (later Savings) Fund Society in 1932 and was designed by architects William Lescaze and George Howe. The skyscraper's design was a departure from traditional bank and Philadelphia architecture, lacking features such as domes and ornamentation. Combining Lescaze's experience with European modernism, Howe's Beaux-Arts background and the desire of Society President James M. Wilcox for a forward-thinking, tall building the skyscraper incorporated the main characteristics of an International style architecture. Called the United States' first modern skyscraper, and one of the most important skyscrapers built in the country in the first half of the 20th century, the building featured an innovative an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Street (Philadelphia)
Market Street, originally known as High Street, is a major east–west street in Philadelphia. The street is signed as Pennsylvania Route 3 between 38th Street (U.S. Route 13) and 15th Street ( PA 611). A short portion of the road continues west from Cobbs Creek Parkway (63rd Street) to Delaware County, adjacent to Philadelphia. ‘High Street’ was the familiar name of the principal street in nearly every English town at the time Philadelphia was founded. But if Philadelphia was indebted to England for the name of High Street, nearly every American town is, in turn, indebted to Philadelphia for its Market Street. Long before the city was laid out or settled, Philadelphia's founder, William Penn, had planned that markets would be held regularly on the wide High Street. The city's first market stalls were situated in the center of the thoroughfare starting at Front Street and proceeding west eventually to 8th Street. The stalls soon became covered and were not taken down as pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marriott International
Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott and his wife Alice Marriott. Profile Marriott is the largest hotel chain in the world by the number of available rooms. It has 30 brands with 8,000 properties containing 1,423,044 rooms in 131 countries and territories. Of these 8,000 properties, 2,149 are operated by Marriott, and 5,493 are operated by others pursuant to franchise agreements. The company also operates 20 hotel reservation centers. Marriott International, Inc. was formed in 1993 when Marriott Corporation split into two companies: Marriott International, Inc., which franchises and manages properties, and Host Marriott Corporation (now Host Hotels & Resorts), which owns properties. Since the founders were Mormon missionaries, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mellon Financial
Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, including the Dreyfus family of mutual funds, business banking, and shareholder and investor services. On December 4, 2006, it announced a merger agreement with Bank of New York, to form BNY Mellon. After regulatory and shareholder approval, the banks completed the merger on July 2, 2007. History Mellon was opened in January 1870 by Thomas Mellon and his sons Andrew W. Mellon and Richard B. Mellon, as T. Mellon & Sons' Bank. In 1902, the institution became Mellon National Bank. Mellon Bank was an important force in the mass production revolution in the United States, especially in the Midwest. The Mellon family using the bank as a proxy had direct involvement with founding the modern aluminium, oil, consumer electronics and financial indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Towers Perrin
Towers Perrin was a professional services firm specializing in human resources and financial services consulting, which merged in January 2010 with Watson Wyatt to form Towers Watson. The firm was a provider of reinsurance intermediary services and was active in the actuarial consulting arena with its Tillinghast insurance consulting practice. History On March 1, 1934, Towers, Perrin, Forster & Crosby opened for business in Philadelphia, Pennsylvania. In 1987, Towers Perrin was established as the umbrella name for the firm. On June 28, 2009, Towers, Perrin, Forster & Crosby and Watson Wyatt Worldwide (NYSE:WW) announced their agreement to merge into a new publicly traded company called Towers Watson & Co. The merger was completed in January 2010. Offices Towers Perrin had offices and alliance partners in the United States, Canada, Europe, Asia, Latin America, South Africa, Australia and New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southweste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 economic contagion began around September and led to the 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 (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 trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Penn Charter School
William Penn Charter School (commonly known as Penn Charter or simply PC) is an independent school in Philadelphia, Pennsylvania. It was founded in 1689 at the urging of William Penn as the "Public Grammar School" and chartered in 1689 to be operated by the "Overseers of the public School, founded by Charter in the town and county of Philadelphia" in Pennsylvania. It is the oldest Quaker school in the world, the oldest elementary school in Pennsylvania, and the fifth oldest elementary school in the United States following The Collegiate School ("claimed" 1628), Boston Latin School (1635), Hartford Public High School (1638), and Roxbury Latin (1645). History Penn Charter is among the first schools in the United States to offer education to all religions (1689), financial aid (1701), matriculation to girls (1754), and education to all races (1770). The "Charter" in the school's name does not, as might be assumed, mean that it is a modern "charter school". Rather, it is a refere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The St
''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 a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunoco
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas, that is a wholesale distributor of motor fuels. It distributes fuel to more than 5,500 Sunoco-branded gas stations, almost all of which are owned and operated by third parties. The partnership is controlled by Energy Transfer Partners. The partnership was known as Sun Company Inc. from 1886 to 1920 and 1976 to 1998, and as Sun Oil Co. from 1920 to 1976. (Sunoco is a condensation of SUN Oil COmpany.) It used to be engaged in oil refinery, the chemical industry, and retail sales, but divested these businesses. Sunoco today claims to be the largest distributor of fuels in the United States, distributing fuels to 10,000 locations across 33 US States. History 1800s to 1950s: founding and growth The partnership began as The Peoples Natural Gas Company in Pittsburgh, Pennsylvania. In 1886, its partners – Joseph Newton Pew, Philip Pisano, and Edward O. Eme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wanamaker's
John Wanamaker Department Store was one of the first department stores in the United States. Founded by John Wanamaker in Philadelphia, it was influential in the development of the retail industry including as the first store to use price tags. At its zenith in the early 20th century, Wanamaker's also had a store in New York City at Broadway and Ninth Street. Both employed extremely large staffs. By the end of the 20th century, there were 16 Wanamaker's outlets, but after years of change the chain was bought by Albert Taubman, and added to his previous purchase of Woodward & Lothrop, the Washington, D.C., department store. In 1994, Woodies, as it was known, filed for bankruptcy. The assets of Woodies were purchased by the May Company Department Stores and JCPenney. In 1995, Wanamaker's transitioned to Hecht's, one of the May Company brands. In 2006, Macy's Center City became the occupant of the former Philadelphia Wanamaker's Department Store, which is now a National Historic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Girard Trust Company
Girard Bank was a Philadelphia-based bank founded after the death of Stephen Girard in 1831 by local merchants eager to trade on the sterling reputation of their namesake. Stephen Girard neither founded the bank, nor had any financial ties to the bank that bore his name. The bank was acquired by Mellon Bank in 1983 and then, two decades later, by Citizens Bank. Founding and early history After the charter for the First Bank of the United States expired in 1811, Stephen Girard purchased most of its stock and its facilities on South Third Street in Philadelphia, then reorganized it under his direct personal control. He hired George Simpson, the cashier of the First Bank, as cashier of the new bank, and with seven other employees, opened for business on May 18, 1812. He allowed the Trustees of the First Bank of the United States to use some offices and space in the vaults to continue the process of winding down the affairs of the closed bank at a very nominal rent. Although Pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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