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Seabury Stanton
Seabury Stanton (October 9, 1892 – October 19, 1971) was an industrialist from New Bedford, Massachusetts who ran Berkshire Hathaway prior to its takeover by Warren Buffett in 1964. Biography Early life and career Seabury Stanton was born on Oct. 9, 1892 in New Bedford, Massachusetts. His father and grandfather had been Yankee whaling captains in New Bedford. He attended the local schools, the New Bedford Textile School, and Harvard University, where he graduated in the class of 1915. The following year he married Jean Kellogg Austin (1892–1976) and began work in textile manufacturing as the treasurer for the Hathaway Manufacturing Company. Hathaway Manufacturing eventually became Berkshire Hathaway after merging with Berkshire Fine Spinning Associates in 1955, becoming the largest surviving textile manufacturer in New England with 15 mills. The company was founded in the nineteenth century with Horatio Hathaway's profits from whaling and the China Trade, but the texti ...
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New Bedford, Massachusetts
New Bedford (Massachusett language, Massachusett: ) is a city in Bristol County, Massachusetts, Bristol County, Massachusetts. It is located on the Acushnet River in what is known as the South Coast (Massachusetts), South Coast region. Up through the 17th century, the area was the territory of the Wampanoag Native American people. English colonists bought the land on which New Bedford would later be built from the Wampanoag in 1652, and the original colonial settlement that would later become the city was founded by English Quakers in the late 17th century. The town of New Bedford itself was officially incorporated in 1787. During the first half of the 19th century, New Bedford was one of the world's most important whaling ports. At its economic height during this period, New Bedford was the wealthiest city in the world per capita. New Bedford was also a Abolitionism in New Bedford, Massachusetts, center of abolitionism at this time. The city attracted many freed or escaped Afric ...
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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 Ferdin ...
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American Chief Executives
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * B ...
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People From New Bedford, Massachusetts
A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility. The defining features of personhood and, consequently, what makes a person count as a person, differ widely among cultures and contexts. In addition to the question of personhood, of what makes a being count as a person to begin with, there are further questions about personal identity and self: both about what makes any particular person that particular person instead of another, and about what makes a person at one time the same person as they were or will be at another time despite any intervening changes. The plural form "people" is often used to refer to an entire nation or ethnic group (as in "a people"), and this was the original meaning of the word; it subsequently acquired its use as a plural form of per ...
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1971 Deaths
* The year 1971 had three partial solar eclipses (February 25, July 22 and August 20) and two total lunar eclipses (February 10, and August 6). The world population increased by 2.1% this year, the highest increase in history. Events January * January 2 – 66 people are killed and over 200 injured during a crush in Glasgow, Scotland. * January 5 – The first ever One Day International cricket match is played between Australia and England at the Melbourne Cricket Ground. * January 8 – Tupamaros kidnap Geoffrey Jackson, British ambassador to Uruguay, in Montevideo, keeping him captive until September. * January 9 – Uruguayan president Jorge Pacheco Areco demands emergency powers for 90 days due to kidnappings, and receives them the next day. * January 12 – The landmark United States television sitcom ''All in the Family'', starring Carroll O'Connor as Archie Bunker, debuts on CBS. * January 14 – Seventy Brazilian political prisoners are rel ...
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1892 Births
Year 189 ( CLXXXIX) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Silanus and Silanus (or, less frequently, year 942 ''Ab urbe condita''). The denomination 189 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Plague (possibly smallpox) kills as many as 2,000 people per day in Rome. Farmers are unable to harvest their crops, and food shortages bring riots in the city. China * Liu Bian succeeds Emperor Ling, as Chinese emperor of the Han Dynasty. * Dong Zhuo has Liu Bian deposed, and installs Emperor Xian as emperor. * Two thousand eunuchs in the palace are slaughtered in a violent purge in Luoyang, the capital of Han. By topic Arts and sciences * Galen publishes his ''"Treatise on the various temperaments"'' (aka ' ...
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Dartmouth, Massachusetts
Dartmouth (Massachusett: ) is a coastal town in Bristol County, Massachusetts. Old Dartmouth was the first area of Southeastern Massachusetts to be settled by Europeans, primarily English. Dartmouth is part of New England's farm coast, which consists of a chain of historic coastal villages, vineyards, and farms. June 8, 2014 marked the 350th year of Dartmouth's incorporation as a town. It is also part of the Massachusetts South Coast. The local weekly newspapers are ''The Dartmouth/Westport Chronicle and Dartmouth Week.'' The Portuguese municipality of Lagoa is twinned with the town; along with several other Massachusetts and Rhode Island towns and cities around Bristol County. The northern part of Dartmouth has the town's large commercial districts. The southern part of town abuts Buzzards Bay, and there are several other waterways, including Lake Noquochoke, Cornell Pond, Slocums River, Shingle Island River and Paskamansett River. The town has several working farms and on ...
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Working Capital
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit and negative working capital. A company can be endowed with assets and profitability but may fall short of liquidity if its assets cannot be readily converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts receiv ...
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Wamsutta Club
The Wamsutta Club is a private social club in New Bedford, Massachusetts, founded in 1866. It was a club for the affluent members of New Bedford's community, which at the time was supported by the flagging whaling industry as well as the up-and-coming textiles. The club was founded by Charles Warren Clifford, who organized an athletic club to play a new version of baseball. The social club was formally chartered in 1889. The present location was built in 1821 by James Arnold and purchased by the club in 1919. The club's popularity soared from the 1890s to the mid-1920s when the textile industry was at its height in the city, and cotton was bought and sold by businessmen at the club. During the Great Depression the club faced the problem of declining membership. In order to meet the needs of the expanding community dues were lowered and membership was re-established on a broader base. Today, the club remains as a social center of the downtown New Bedford community. In the 1960 ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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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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China Trade
The Old China Trade () refers to the early commerce between the Qing Empire and the United States under the Canton System, spanning from shortly after the end of the American Revolutionary War in 1783 to the Treaty of Wanghia in 1844. The Old China Trade represented the beginning of relations between the United States and East Asia, including eventually U.S.–China relations. The maritime fur trade was a major aspect of the Old China Trade, as was illegal trafficking in opium. The trade era overlapped the First Opium War, which resulted from an attempt by China to enforce its prohibition on opium smuggling by Western traders and blockade-runners between 1839–1842. Origins Anglo-American hostilities ceased in 1783 following the Second Treaty of Paris that ended the American Revolutionary War and subsequently freed American trade from British control. At the time, increased global demand for tea was one of the primary reasons for a shortage of silver; this was the only cu ...
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