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Rome Company, Inc.
{{Short description, Furniture business in New York, USRome Company, Inc. was a furniture business in Rome, New York which became bankrupt in September 1935, during the Great Depression. It had branches in many sections of the United States. The corporation's fate illustrates the bleak economic climate in the United States during the 1930s. The retailer's failure is significant in the history of Rome. It was one of several of the town's establishments which closed in 1935, a consequence of the ongoing deflation. To avoid bankruptcy Rome Brewery, Inc., filed a petition of reorganization under Section 77B of the Bankruptcy Act of 1898, in May 1935.''Business Records'', New York Times, May 3, 1935, pg. 38. Insolvency details A court in Malone, New York rejected a plan for reorganization offered by Rome Company, Inc., under Section 77B of the Bankruptcy Act of 1898. The furniture dealer had net assets of $793,000 at this time. A court date was set for October 3, 1935 for the Rome Prod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rome, New York
Rome is a city in Oneida County, New York, United States, located in the Central New York, central part of the state. The population was 32,127 at the 2020 United States census, 2020 census. Rome is one of two principal cities in the Utica–Rome Metropolitan Statistical Area, which lies in the "Leatherstocking Country" made famous by James Fenimore Cooper's ''Leatherstocking Tales,'' set in frontier days before the American Revolutionary War. Rome is in New York's 22nd congressional district. The city developed at an ancient portage site of Native Americans, including the historic Iroquois nations. This portage continued to be strategically important to Europeans, who also used the main 18th and 19th-century waterways, based on the Mohawk and Hudson rivers, that connected New York City and the Atlantic seaboard to the Great Lakes. The original European settlements developed around fortifications erected in the 1750s to defend the waterway, in particular the British Fort Stanwix ... [...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] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive. Economists generally believe that a sudden deflationary shock is a problem in a modern economy because it increases the Real versus nominal value (economics), real value of debt, especially if the deflation is unexpected. Deflation may also aggravate recessions and lead to a deflationary spiral. Some economists argue that prolonged deflationary periods are related to the underlying of technological progress in an economy, because as productivity increases (Total factor productivity, TFP), t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy Act Of 1898
The Bankruptcy Act of 1898 ("Nelson Act", July 1, 1898, ch. 541, ) was the first United States Act of Congress involving bankruptcy to give companies an option of being protected from creditors. Previous attempts at federal bankruptcy laws had lasted, at most, a few years.See Debt's Dominion: A History of Bankruptcy Law in America, David A. Skeel, Jr., Princeton University Press 2001 (sample online a). Its popular name is a homage to the role of Senator Knute Nelson in its composition. It was significantly amended by the Bankruptcy Act of 1938 and was superseded by the Bankruptcy Act of 1978. See also * Bankruptcy Act * History of bankruptcy law in the United States The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy. As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankrup ... References External links *Bankruptcy Attorney United S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malone (village), New York
Malone is a village in, and the county seat of, Franklin County, New York, United States. Its population was 5,911 at the 2010 census. The village is in the town of Malone. It is home to a campus of North Country Community College. History The community was first settled around 1802. During the War of 1812, the village was sacked by British troops making incursions from what would become Canada. Malone was incorporated as a village in 1853. It served as a staging point for one arm of the 1866 and 1870 Fenian raids of Canada, which took place at many points along the Canada–United States border. The Fenian Brotherhood (Fenians) attempted to capture Canada to end British rule of Ireland. Laura Ingalls Wilder wrote the book ''Farmer Boy'' about Almanzo Wilder, who attended Franklin Academy here. The school is now the site of the Malone Middle School, and the Wilder Homestead is a historical site that lies about east of the village of Malone in the town of Burke. The Firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Companies Based In New York (state)
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utica–Rome Metropolitan Area
The Utica–Rome Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of two counties in Central New York anchored by the cities of Utica, New York, Utica and Rome, New York, Rome (both in Oneida County, New York, Oneida County). As of the United States Census, 2020, 2020 census, the MSA had a population of 292,264. Counties *Oneida County, New York, Oneida (not to be confused with the city of Oneida, New York in the neighbouring Madison County, New York, Madison County) *Herkimer County, New York, Herkimer Communities Places with more than 30,000 inhabitants *Utica, New York, Utica (Principal city) *Rome, New York, Rome (Principal city) Places with 10,000 to 30,000 inhabitants *German Flatts, New York, German Flatts (town) *Kirkland, New York, Kirkland (town) *New Hartford (town), New York, New Hartford (town) *Whitestown, New York, Whitestown (town) *Herkimer (town), New York, Herkimer (town) Places with 5,000 to 10,000 inhab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In New York (state)
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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