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James J. Hill
James Jerome Hill (September 16, 1838 – May 29, 1916) was a Canadian-American railway director. He was the chief executive officer of a family of lines headed by the Great Northern Railway, which served a substantial area of the Upper Midwest, the northern Great Plains, and the Pacific Northwest in the United States. Because of the size of this region and the economic dominance exerted by the Hill lines, Hill became known during his lifetime as "The Empire Builder", and died in 1916 with a fortune of about 63 million dollars. His former home, James J. Hill House, is now a museum in Saint Paul, Minnesota. Biography Childhood and youth James J. Hill was born September 16, 1838, in Eramosa Township, Upper Canada (now Ontario) to James Hill Jr. and Ann Dunbar. A childhood accident with a bow and arrow blinded him in the right eye. He had nine years of formal schooling. He attended the Rockwood Academy for a short while, where the head of the academy gave him free tuition. He w ...
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Guelph/Eramosa
Guelph/Eramosa () is a township located in Wellington County, in midwestern Ontario, Canada. It partly encircles the city of Guelph, surrounding it in a continuous arc from approximately northeast to south-southwest of the city. It is part of the Guelph census metropolitan area. History The township was created in 1999 by the merger of the townships of Guelph and Eramosa, as well as parts of Pilkington and Nichol townships. The name Eramosa was derived from the native word ''Un-ne-mo-sah'' (possibly meaning "black dog", "dead dog", or simply "dog"). Eramosa Township was settled primarily by Scots and Irish; in 1841, its population was 935. The mayor of Guelph/Eramosa in 2022 is Christopher White (who was first elected in 2010). Township councillors are Bruce Dickieson, Corey Woods, Steven Liebig, and Mark Bouwmeester. County councillors are Don McKay and Doug Breen. Auto parts manufacturer Linamar was started in the village of Ariss in 1964 by Hungarian refugee Frank Hasenfr ...
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John Stewart Kennedy
John Stewart Kennedy (January 4, 1830 – October 30, 1909) was a Scottish-born American businessman, financier and philanthropist. He was a member of the Jekyll Island Club (also known as The Millionaires' Club) on Jekyll Island, Georgia along with J.P. Morgan and William Rockefeller among others. Early life Kennedy was born at Blantyre in Scotland on January 4, 1830. He was the fifth son of nine children born to John Kennedy and Isabella (née Stewart) Kennedy. While a child, his family moved to Glasgow where he was educated until the age of thirteen before entering a shipping office as a clerk while still attending morning and evening classes in an attempt to complete his education. Career From 1847 until 1850, he was a salesman with the Mossend Iron & Coal Company. In 1850, at age twenty, he was asked by William Bird, of the iron firm William Bird & Company of London, whom Kennedy had met during Bird's visit to Glasgow, to become the firm's representative in the Unite ...
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George Stephen, 1st Baron Mount Stephen
George Stephen, 1st Baron Mount Stephen, (5 June 1829 – 29 November 1921), known as Sir George Stephen, Bt, between 1886 and 1891, was a Canadian businessman. Originally from Scotland, he made his fame in Montreal and was the first Canadian to be elevated to the Peerage of the United Kingdom. He was the financial genius behind the creation of the Canadian Pacific Railway. He was President of the Bank of Montreal and is remembered as one of the greatest philanthropists of his time: he built a new wing at the Montreal General Hospital, donated generously to various hospitals in Scotland and gave over £1.3 million to the Prince of Wales Hospital Fund in London, working closely with George V. He and his first cousin, Lord Strathcona, purchased the land and then each gave $1 million to the City of Montreal to construct and maintain the Royal Victoria Hospital. His home in Montreal's Golden Square Mile later became the Mount Stephen Club. In 1888, he retired to England, living ...
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Donald Smith, 1st Baron Strathcona And Mount Royal
Donald Alexander Smith, 1st Baron Strathcona and Mount Royal, (6 August 182021 January 1914), known as Sir Donald A. Smith between May 1886 and August 1897, was a Scottish-born Canadian businessman who became one of the British Empire's foremost builders and philanthropists. He became commissioner, governor and principal shareholder of the Hudson's Bay Company. He was president of the Bank of Montreal and with his first cousin, George Stephen (later Lord Mount Stephen), co-founded the Canadian Pacific Railway. He was elected to the Legislative Assembly of Manitoba and afterwards represented Montreal in the House of Commons of Canada. He was Canadian High Commissioner to the United Kingdom from 1896 to 1914. He was chairman of Burmah Oil and the Anglo-Persian Oil Company. He was chancellor of McGill University (1889–1914) and the University of Aberdeen. King Edward VII called him "Uncle Donald". His estate was valued at $5.5 million (equivalent to $ million in ). Du ...
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Panic Of 1873
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. In the United States, the Panic was known as the "Great Depression" until the events of 1929 and the early 1930s set a new standard. The Panic of 1873 and the subsequent depression had several underlying causes for which economic historians debate the relative importance. American inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870–1871), and major property losses in the Great Chicago Fire (1871) and the Great Boston Fire (1872) helped to place massive strain on bank reserves, which, in New York ...
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Boards Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the chief execut ...
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Anthracite
Anthracite, also known as hard coal and black coal, is a hard, compact variety of coal that has a lustre (mineralogy)#Submetallic lustre, submetallic lustre. It has the highest carbon content, the fewest impurities, and the highest energy density of all types of coal and is the highest Coal analysis#Coal classification by rank, ranking of coals. The Coal Region of Northeastern Pennsylvania in the United States has the largest known deposits of anthracite coal in the world with an estimated reserve of seven billion short ton, short tons. Coal in China, China accounts for the majority of global production; other producers include Coal in Russia, Russia, Coal in Ukraine, Ukraine, Coal in North Korea, North Korea, Coal in South Africa, South Africa, Coal in Vietnam, Vietnam, Coal in Australia, Australia, Coal in Canada, Canada, and the Coal mining in the United States, United States. Total production in 2020 was 615 million tons. Anthracite is the most metamorphism, metamorphosed ty ...
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Norman Kittson
Norman Wolfred Kittson (March 6, 1814 – May 10, 1888) was one of early Minnesota's most prominent citizens. He was a fur trader, then a steamboat-line operator and finally a railway entrepreneur and owner of thoroughbred racehorses. He was part of the original syndicate that created the Canadian Pacific Railway. Kittson County, Minnesota is named for him. Norman County, Minnesota also was named for him. Early years Norman Wolfred Kittson was the eighth of ten children born to George Kittson (1779–1832), merchant, Justice of the Peace, clerk of the Commisariat and King's auctioneer at Sorel, and later Principal Cashier of the Bank of Canada in Montreal, both in Lower Canada. Norman Wolfred's mother, Ann Tucker of Sorel, was the daughter of Sergeant John Tucker (d.1782) of the 53rd Regiment of Foot. Norman was born 6 March 1814, and baptized on 27 March of the same year in Sorel. His middle name 'Wolfred' was given to Norman to honour a family friend, Wolfred Nelson ...
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Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ...
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Winnipeg
Winnipeg () is the capital and largest city of the Provinces and territories of Canada, Canadian province of Manitoba. It is centred on the confluence of the Red River of the North, Red and Assiniboine River, Assiniboine rivers. , Winnipeg had a city population of 749,607 and a metropolitan population of 834,678, making it Canada's List of the largest municipalities in Canada by population, sixth-largest city and List of census metropolitan areas and agglomerations in Canada, eighth-largest metropolitan area. The city is named after the nearby Lake Winnipeg; the name comes from the Cree language, Western Cree words for 'muddy water' – . The region was a trading centre for Indigenous peoples in Canada, Indigenous peoples long before the European colonization of the Americas, arrival of Europeans; it is the traditional territory of the Anishinaabe (Ojibway), Ininew (Cree), Oji-Cree, Dene, and Dakota people, Dakota, and is the birthplace of the Métis people in Canada, Métis ...
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Mississippi River
The Mississippi River is the main stem, primary river of the largest drainage basin in the United States. It is the second-longest river in the United States, behind only the Missouri River, Missouri. From its traditional source of Lake Itasca in northern Minnesota, it flows generally south for to the Mississippi River Delta in the Gulf of Mexico. With its many tributaries, the Mississippi's Drainage basin, watershed drains all or parts of 32 U.S. states and two Canadian provinces between the Rocky Mountains, Rocky and Appalachian Mountains, Appalachian mountains. The river either borders or passes through the states of Minnesota, Wisconsin, Iowa, Illinois, Missouri, Kentucky, Tennessee, Arkansas, Mississippi, and Louisiana. The main stem is entirely within the United States; the total drainage basin is , of which only about one percent is in Canada. The Mississippi ranks as the world's List of rivers by discharge, tenth-largest river by discharge flow, and the largest ...
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