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S-K Hand Tools
SK Hand Tools (styled earlier as S-K, now usually SK) was an American tool company located in Sycamore Illinois. Major products include sockets and drive tools, wrenches, air tools, and other mechanics' tools. The company has a tool line of over 3,500 items including wrenches, ratchets, screwdrivers, tool boxes and air tools. It has manufacturing facilities in Colorado Springs, Colorado and Sycamore, Illinois. Outlets for their products include independent tool-truck dealers, auto parts stores, and major internet vendors such as Sears and Amazon.com. Jay Leno described SK as "an iconic American brand for decades," and the company is known for inventing the round-head ratchet wrench. History SK was founded as the Sherman-Klove Company, specializing in screw machine products, by Mason H. Sherman and Noah Grover Klove. The company was founded in the early 20th century to supply munitions in World War I, and made mortar housings in a screw machine plant on Harrison Street in Ch ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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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 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 ...
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Companies Established In The 1900s
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 ...
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Tool Manufacturing Companies Of The United States
A tool is an object that can extend an individual's ability to modify features of the surrounding environment or help them accomplish a particular task. Although many animals use simple tools, only human beings, whose use of stone tools dates back hundreds of millennia, have been observed using tools to make other tools. Early human tools, made of such materials as stone, bone, and wood, were used for preparation of food, hunting, manufacture of weapons, and working of materials to produce clothing and useful artifacts. The development of metalworking made additional types of tools possible. Harnessing energy sources, such as animal power, wind, or steam, allowed increasingly complex tools to produce an even larger range of items, with the Industrial Revolution marking an inflection point in the use of tools. The introduction of widespread automation in the 19th and 20th centuries allowed tools to operate with minimal human supervision, further increasing the productivity of hu ...
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Manufacturing Companies Based In Illinois
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final pr ...
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Combination Wrench
A wrench or spanner is a tool used to provide grip and mechanical advantage in applying torque to turn objects—usually rotary fasteners, such as nuts and bolts—or keep them from turning. In the UK, Ireland, Australia, and New Zealand ''spanner'' is the standard term. The most common shapes are called ''open-ended spanner'' and ''ring spanner''. The term ''wrench'' is generally used for tools that turn non-fastening devices (e.g. tap wrench and pipe wrench), or may be used for a monkey wrench—an adjustable pipe wrench. In North American English, ''wrench'' is the standard term. The most common shapes are called ''open-end wrench'' and ''box-end wrench''. In American English, ''spanner'' refers to a specialized wrench with a series of pins or tabs around the circumference. (These pins or tabs fit into the holes or notches cut into the object to be turned.) In American commerce, such a wrench may be called a ''spanner wrench'' to distinguish it from the British sense ...
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Crain Communications
Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries. History Gustavus Dedman (G.D.) Crain, Jr. ( Gustavus Demetrious Crain, Jr.; 1885–1973), previously the city editor of the ''Louisville Herald'' newspaper, founded Crain Communications in Louisville, Kentucky, in 1916, publishing two papers: ''Class'' (which later became ''BtoB'') and ''Hospital Management'' (sold in 1952)."G.D. Crain Jr. Dies at 88; Published Advertising Age"
'''', December 17, 1973.
The staff moved to Chicago later in 1916.
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Ideal Industries
Ideal Industries is an American company that produces connectors, hand tools, testers, and meters for the electrical and telecommunications industries. The company manufactures many of its products in the United States. It also owns Western Forge and Pratt-Read, the largest– and second-largest American-made producers of screwdrivers respectively at the time of their acquisitions. It is a competitor to Klein Tools, and its tools are sold at Lowe's and Ace Hardware stores as well as many independent distributors. History Ideal was founded in 1916 by J. Walter Becker as the Ideal Commutator Dresser Company in Chicago, Illinois, manufacturing commutator dresser stones. In 1924, Becker relocated the company to its current location in Sycamore, Illinois. By 1949, it had become the United States' leading producer of wire nuts. In 2010, Ideal acquired three American hand tool manufacturers: Western Forge in January, Pratt-Read in March, and SK Hand Tools in August. Gallery ...
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Dresser Industries
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five separate, but somewhat related former Dresser non "oil patch" divisions, to an investment banking firm. Those five operations later took the name "Dresser Inc." In October 2010, Dresser Inc., was acquired by General Electric. It is headquartered in Addison, Texas. History Solomon Robert Dresser invented a "packer", using rubber for a tight fit, and after taking out a patent on May 11, 1880, he began advertising and selling his product, ...
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Defiance, Ohio
Defiance is a city in and the county seat of Defiance County, Ohio, United States, about southwest of Toledo, Ohio, Toledo and northeast of Fort Wayne, Indiana, in Ohio's northwestern corner. The population was 16,494 at the 2010 United States Census, 2010 census. History The city contains the site of Fort Defiance (Ohio), Fort Defiance, built by General "Mad" Anthony Wayne in August 1794, during the Northwest Indian War at the confluence of the Auglaize River, Auglaize and Maumee River, Maumee rivers. General Wayne surveyed the land and declared to Charles Scott (governor), General Scott, "I defy the English, Indians, and all the devils of hell to take it." Using the fort as a base of operations, Wayne ordered his troops to destroy Native Americans in the United States, Native American crops and villages within a radius of around the fort. Today a pair of cannons outside the city library on the Maumee River overlook the confluence and mark the location of Fort Defiance, alon ...
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Craftsman (tools)
Craftsman is a line of tools, lawn and garden equipment, and work wear. Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker. As with all Sears products, Craftsman tools were not manufactured by Sears during that company's ownership, but made under contract by various other companies. They were first sold in 1927 through the Sears catalog and in Sears retail stores. After the Sears–Kmart merger, the tools were also for sale in Kmart stores and through several other retailers. In March 2017, Stanley Black & Decker acquired the Craftsman brand from Sears Holdings, which retained a limited license for Craftsman products. History The Craftsman trademark was registered by Sears on May 20, 1927. Arthur Barrows, head of the company's hardware department, liked the name Craftsman and reportedly bought the rights to use it from the Marion-Craftsman Tool Company for $500. The brand's early customers were mostly farmers. Barrows' successor ...
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