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Cone Mills
Cone Mills Corporation was a twentieth-century textile manufacturing, manufacturer of cotton fabrics that included corduroy, flannel, and denim. The company headquartered in Greensboro, North Carolina and had its factory mills in parts of North Carolina, North and South Carolina. The company has its roots in a family-operated Baltimore grocery business that was managed mostly by Moses H. Cone and his brother Caesar. Cone Mills acquired several mills in the Southern United States that produced various fabrics. The companies they accumulated turned into a corporation; in its prime, it was the world's largest maker of denim fabric. Cone family members associated with Moses and Caesar became wealthy because of the corporation. The company was involved with civil and community projects and sponsored programs that required clothing, such as the Miss North Carolina, Miss North Carolina Pageant. Cone Mills built five self-sufficient villages to serve its Greensboro factory workers. T ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Immigrant
Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and other short-term stays in a destination country do not fall under the definition of immigration or migration; seasonal labour immigration is sometimes included, however. As for economic effects, research suggests that migration is beneficial both to the receiving and sending countries. Research, with few exceptions, finds that immigration on average has positive economic effects on the native population, but is mixed as to whether low-skilled immigration adversely affects low-skilled natives. Studies show that the elimination of barriers to migration would have profound effects on world GDP, with estimates of gains ranging between 67 and 147 percent for the scenarios in which 37 to 53 percent of the developing countries' workers migrate ...
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Interior Of A Cotton Mill 1909
Interior may refer to: Arts and media * ''Interior'' (Degas) (also known as ''The Rape''), painting by Edgar Degas * ''Interior'' (play), 1895 play by Belgian playwright Maurice Maeterlinck * ''The Interior'' (novel), by Lisa See * Interior design, the trade of designing an architectural interior Places * Interior, South Dakota * Interior, Washington * Interior Township, Michigan * British Columbia Interior, commonly known as "The Interior" Government agencies * Interior ministry, sometimes called the ministry of home affairs * United States Department of the Interior Other uses * Interior (topology), mathematical concept that includes, for example, the inside of a shape * Interior FC, a football team in Gambia See also * * * List of geographic interiors * Interiors (other) * Inter (other) * Inside (other) Inside may refer to: * Insider, a member of any group of people of limited number and generally restricted access Film * ''Inside'' ...
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Product (business)
In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as '' merchandise'', and in manufacturing, products are bought as raw materials and then sold as finished goods. A service is also regarded as a type of product. In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production process. Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability. Product classification A product can be classified as tangible or intangible. A tangible product is an actual physical object that can be perceived by touch such as a building, ve ...
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Cone Sisters
Claribel Cone (1864–1929) and Etta Cone (1870–1949), collectively known as the Cone sisters, were active as American art collectors, world travelers, and socialites during the first part of the 20th century. Claribel trained as a physician and Etta as a pianist. Their social circle included Henri Matisse, Pablo Picasso and Gertrude Stein. They gathered one of the best known collections of modern art in the United States at their Baltimore apartments, and the collection now makes up a wing of the Baltimore Museum of Art. Their collection was estimated to be worth almost a billion US dollars in 2002. Early life Their parents were Herman (Kahn) Cone and Helen (Guggenheimer) Cone, who were German-Jewish immigrants. Herman, who had immigrated from Altenstadt in Bavaria (South of Ulm), anglicized his last name (changing it from "Kahn" to "Cone") almost immediately upon arrival in the United States in 1845. Until 1871 the family lived in Jonesboro, Tennessee, where they had a succes ...
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Baltimore, Maryland
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonis ...
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Barter
In trade, barter (derived from ''baretor'') is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce. No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, and an ...
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American Civil War
The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states that had seceded. The central cause of the war was the dispute over whether slavery would be permitted to expand into the western territories, leading to more slave states, or be prevented from doing so, which was widely believed would place slavery on a course of ultimate extinction. Decades of political controversy over slavery were brought to a head by the victory in the 1860 U.S. presidential election of Abraham Lincoln, who opposed slavery's expansion into the west. An initial seven southern slave states responded to Lincoln's victory by seceding from the United States and, in 1861, forming the Confederacy. The Confederacy seized U.S. forts and other federal assets within their borders. Led by Confederate President Jefferson Davis, ...
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Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with Sole proprietorship, sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being su ...
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Lynchburg, Virginia
Lynchburg is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. First settled in 1757 by ferry owner John Lynch (1740–1820), John Lynch, the city's population was 79,009 at the 2020 United States census, 2020 census. Located in the foothills of the Blue Ridge Mountains along the banks of the James River, Lynchburg is known as the "City of Seven Hills" or the "Hill City". In the 1860s, Lynchburg was the only city in Virginia that was not recaptured by the Union (American Civil War), Union before the end of the American Civil War. Lynchburg lies at the center of a wider Lynchburg metropolitan area, metropolitan area close to the geographic center of Virginia. It is the fifth-largest Metropolitan statistical area, MSA in Virginia, with a population of 261,593. It is the site of several institutions of higher education, including Virginia University of Lynchburg, Randolph College, University of L ...
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Antebellum South
In History of the Southern United States, the history of the Southern United States, the Antebellum Period (from la, ante bellum, lit=Status quo ante bellum, before the war) spanned the Treaty of Ghent, end of the War of 1812 to the start of the American Civil War in 1861. The Antebellum South was characterized by the Slavery in the United States, use of slavery and the Culture of the Southern United States#History, culture it fostered. As the era proceeded, Southern intellectuals and leaders gradually shifted from portraying slavery as an embarrassing and temporary system, to a full-on defense of Slavery as a positive good in the United States, slavery as a positive good, and harshly criticized the budding Abolitionism in the United States, abolitionist movement. The economy was largely plantation based, and dependent on exports. Society was stratified, inegalitarian, and perceived by immigrants as lacking in opportunities. Consequently the manufacturing base lagged behind t ...
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Jonesboro, Tennessee
Jonesborough (historically also Jonesboro) is a town in, and the county seat of, Washington County, Tennessee, in the Southeastern United States. Its population was 5,860 as of 2020. It is "Tennessee's oldest town". Jonesborough is part of the Johnson City, Tennessee, Johnson City Johnson City metropolitan area, metropolitan statistical area, which is a component of the Johnson City–Kingsport, Tennessee, Kingsport–Bristol, Tennessee, Bristol, TN and VA combined statistical area – commonly known as the "Tri-Cities, Tennessee, Tri-Cities" region. History Located in the far northeast corner of the state, Jonesborough was founded by European Americans in 1779, 17 years before Tennessee became a U.S. state, state and while the area was under the jurisdiction of North Carolina. It was named after North Carolina legislator Willie Jones (statesman), Willie Jones, who had supported the state's westward expansion across the Appalachian Mountains. The town was renamed "J ...
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