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Andrew W. Mellon
Andrew William Mellon (; March 24, 1855 – August 26, 1937), sometimes A. W. Mellon, was an American banker, businessman, industrialist, philanthropist, art collector, and politician. From the wealthy Mellon family of Pittsburgh, Pennsylvania, he established a vast business empire before moving into politics. He served as United States Secretary of the Treasury from March 9, 1921 to February 12, 1932, presiding over the boom years of the 1920s and the Wall Street crash of 1929. A conservative Republican, Mellon favored policies that reduced taxation and the national debt in the aftermath of World War I. Mellon's father, Thomas Mellon, rose to prominence in Pittsburgh as a banker and attorney. Andrew began working at his father's bank, T. Mellon & Sons, in the early 1870s, eventually becoming the leading figure in the institution. He later renamed T. Mellon & Sons as Mellon National Bank and established another financial institution, the Union Trust Company. By the end o ...
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United States Ambassador To The United Kingdom
The United States ambassador to the United Kingdom (known formally as the ambassador of the United States to the Court of St James's) is the official representative of the president of the United States and the American government to the monarch and government of the United Kingdom. The position is held by Jane D. Hartley, who presented her credentials to Queen Elizabeth II on July 19, 2022. The position is regarded as one of the most prestigious posts in the United States Foreign Service due to the "Special Relationship" between the United States and United Kingdom. The ambassadorship has been held by various notable politicians, including five who would later become presidents: John Adams, James Monroe, John Quincy Adams, Martin Van Buren and James Buchanan. However, the modern tendency of American presidents (of both parties) is to appoint keen political fundraisers from previous presidential campaigns, despite the importance and prestige of the office. The ambassador and ...
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University Of Pittsburgh
The University of Pittsburgh (Pitt) is a public state-related research university in Pittsburgh, Pennsylvania. The university is composed of 17 undergraduate and graduate schools and colleges at its urban Pittsburgh campus, home to the university's central administration and around 28,000 undergraduate and graduate students. The 132-acre Pittsburgh campus includes various historic buildings that are part of the Schenley Farms Historic District, most notably its 42-story Gothic revival centerpiece, the Cathedral of Learning. Pitt is a member of the Association of American Universities and is classified among "R1: Doctoral Universities – Very high research activity". It is the second-largest non-government employer in the Pittsburgh metropolitan area. Pitt traces its roots to the Pittsburgh Academy founded by Hugh Henry Brackenridge in 1787. While the city was still on the edge of the American frontier at the time, Pittsburgh's rapid growth meant that a proper university w ...
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Gilded Age
In United States history, the Gilded Age was an era extending roughly from 1877 to 1900, which was sandwiched between the Reconstruction era and the Progressive Era. It was a time of rapid economic growth, especially in the Northern and Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and industrialization demanded an ever-increasing unskilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to real wage growth of 60% between 1860 and 1890, and spread across the ever-increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880, to $564 in 1890, a gain of 48%. Conversely, the Gilded Age was also an era of abject poverty and inequality, as millions of immigrants—many from impoverished regions—poured into the United States, and the high concentration of wealth became more ...
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Gulf Oil
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower. Gulf Oil Corporation (GOC) ceased to exist as an independent company in 1985, when it merged with Standard Oil of California (SOCAL), with both re-branding as Chevron in the United States. Gulf Canada, Gulf's main Canadian subsidiary, was sold the same year with retail outlets to Ultramar and Petro-Canada and what became Gulf Canada Resources to Olympia & York. However, the Gulf brand name and a number of the constituent business divisions of G ...
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Pittsburgh Coal Company
The Pittsburgh Terminal Coal Company was a bituminous coal mining company based in Pittsburgh and controlled by the Mellon family. It operated mines in the Pittsburgh Coalfield, including mines in Becks Run and Horning, Pennsylvania. Unusually for that time in Pennsylvania, it hired African-American miners for some of its work. History The Pittsburgh Terminal Coal Company was a trust incorporated in New Jersey in 1899 by leading Pittsburgh industrialists, including Andrew W. Mellon, Henry W. Oliver, and Henry Clay Frick. Although a New Jersey corporation, it operated only in the Pittsburgh area. At its inception, the company took control of over 80 coal businesses and of land on both sides of the Monongahela River. Pittsburgh Terminal Coal ran numerous coal mines in Allegheny County during the early 20th century. It operated the Darr Mine in Westmoreland County, Pennsylvania. In 1915, it merged with the Monongahela River Consolidated Coal and Coke Company. In 1945 it me ...
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Koppers
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States in an art-deco 1920s skyscraper, the Koppers Tower. Structure Koppers is an integrated global producer of carbon compounds, chemicals, and treated wood products for the aluminum, railroad, specialty chemical, utility, rubber, steel, residential lumber, and agriculture industries. It serves customers through a comprehensive global manufacturing and distribution network with facilities located in North America, South America, Australasia, China, and Europe. Koppers operates three principal businesses: Performance Chemicals, Railroad and Utility Products and Services, and Carbon Materials and Chemicals. History In 1912 immigrant German engineer Heinrich Koppers founded Koppers Company in Chicago, Illinois. In 1915 the organization moved to Pittsburgh, Pennsylvania. The company founder's interest in the company was bought out by Pittsburgh financier Andrew Mellon, who became a larg ...
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Westinghouse Electric Corporation
The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse. It was originally named "Westinghouse Electric & Manufacturing Company" and was renamed "Westinghouse Electric Corporation" in 1945. The company acquired the CBS television network in 1995 and was renamed "CBS Corporation" until being acquired by Viacom in 1999, a merger completed in April 2000. The CBS Corporation name was later reused for one of the two companies resulting from the split of Viacom in 2006. The Westinghouse trademarks are owned by Westinghouse Electric Corporation, and were previously part of Westinghouse Licensing Corporation. The nuclear power business, Westinghouse Electric Company, was spun off from the Westinghouse Electric Corporation in 1999. History Westinghouse Electric was founded by George Westinghouse in Pittsburgh, Pennsylvania, on January 8, 1886. The firm became active in developing electric infrastructure throughout ...
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Standard Steel Car Company
The Standard Steel Car Company (SSC) was a manufacturer of railroad rolling stock in the United States that existed between 1902 and 1934. Established in 1902 in Butler, Pennsylvania by John M. Hansen and "Diamond Jim" Brady, the company quickly became one of the largest builders of steel cars in the United States. Pullman, Inc. purchased control of SSC in 1929 and merged it with Pullman Car & Manufacturing in 1934 to form Pullman-Standard Car Manufacturing Company. History The overnight success of the Pressed Steel Car Company at the end of the 19th century spurred a flurry of competitors in the suddenly booming market for steel railroad cars. American Car & Foundry predecessor Michigan-Peninsular Car had produced steel frame cars beginning in 1897, American Steel Foundries produced steel cars in 1900, and the Cambria Steel Company opened a car plant at Johnstown, Pennsylvania in 1901. Pressed Steel Car's Chief Designer John M. Hansen and famed salesman "Diamond Jim" Br ...
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Old Overholt
Old Overholt is America's oldest continually maintained brand of whiskey, was founded in West Overton, Pennsylvania, in 1810. Old Overholt is a rye whiskey distilled by A. Overholt & Co., currently a subsidiary of Beam Suntory, which is a subsidiary of Suntory Holdings of Osaka, Japan. It is produced at the Jim Beam distillery in Clermont, Kentucky. It is one of the most commonly available straight rye whiskies in the United States, where it is available at most liquor stores. It is aged for four years and since early 2020 is non-chill filtered and bottled at 86 proof (43% alcohol by volume). A four-year bottled in bond, 100 proof version was released in late 2017. Old Overholt has been called a "foundation stone of American whiskey" because of its long history. History Early years Henry Oberholzer (Anglicized to "Overholt"), a German Mennonite farmer, moved to West Overton, Pennsylvania, on the banks of Jacobs Creek in Western Pennsylvania in 1800. His family came from the ...
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New York Shipbuilding Corporation
The New York Shipbuilding Corporation (or New York Ship for short) was an American shipbuilding company that operated from 1899 to 1968, ultimately completing more than 500 vessels for the U.S. Navy, the United States Merchant Marine, the United States Coast Guard, and other maritime concerns. At its peak during World War II, NYSB was the largest and most productive shipyard in the world. Its best-known vessels include the destroyer , the cruiser , the aircraft carrier , the nuclear-powered cargo ship , and a quartet of cargo-passenger liners nicknamed the '' Four Aces''. History It was founded in 1899 by Henry G. Morse (1850–2 June 1903),Not to be confused with architect Henry Grant Morse, Jr. (1884 – May 28, 1934). an engineer noted in connection with bridge design and construction and senior partner of Morse Bridge Company. The original plan was to build a shipyard on Staten Island, thus the name of the company. Plans to acquire a site failed and, after exploration as fa ...
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Alcoa
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City ...
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Mellon Financial
Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, including the Dreyfus family of mutual funds, business banking, and shareholder and investor services. On December 4, 2006, it announced a merger agreement with Bank of New York, to form BNY Mellon. After regulatory and shareholder approval, the banks completed the merger on July 2, 2007. History Mellon was opened in January 1870 by Thomas Mellon and his sons Andrew W. Mellon and Richard B. Mellon, as T. Mellon & Sons' Bank. In 1902, the institution became Mellon National Bank. Mellon Bank was an important force in the mass production revolution in the United States, especially in the Midwest. The Mellon family using the bank as a proxy had direct involvement with founding the modern aluminium, oil, consumer electronics and financial in ...
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