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Captain Of Industry
In the 19th century, a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy. This characterization contrasts with that of the robber baron (industrialist), robber baron, a business leader using political means to achieve personal ends. Origin The term was coined by the Scottish essayist, historian and philosopher Thomas Carlyle in his essay "Alessandro Cagliostro, Count Cagliostro" (1833). In such periods of Social Decay, what is called an overflowing Population, that is a Population which, under the old Captains of Industry (named Higher Classes, ''Ricos Hombres'', Aristocracies and the like), can no longer find work and wages, increases the number of Unprofessionals, Lackalls, Social Nondescripts; with appetite of utmost keenness, which there is no known method of satisfying. ...
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Sir Joseph Whitworth, Printer's Sample For The World's Inventors Souvenir Album (A25) For Allen & Ginter Cigarettes MET DP838857
''Sir'' is a formal honorific address in English language, English for men, derived from Sire in the High Middle Ages. Both are derived from the old French "" (Lord), brought to England by the French-speaking Normans, and which now exist in French only as part of "", with the equivalent "My Lord" in English. Traditionally, as governed by law and custom, Sir is used for men who are knights and belong to certain Order of chivalry, orders of chivalry, as well as later applied to baronets and other offices. As the female equivalent for knighthood is damehood, the ''suo jure'' female equivalent term is typically Dame. The wife of a knight or baronet tends to be addressed as Lady, although a few exceptions and interchanges of these uses exist. Additionally, since the late modern period, Sir has been used as a respectful way to address a man of superior social status or military rank. Equivalent terms of address for women are Madam (shortened to Ma'am), in addition to social honorif ...
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William Smart (economist)
William Smart (10 April 1853 – 19 March 1915) was a Scottish economist. Initially inspired by Thomas Carlyle and John Ruskin, Smart was a conveyor of the thought of the Austrian School, before being won-over to the neoclassicalism of Alfred Marshall. Smart, eldest son of Alexander Smart and grandson of Reverend The Reverend (abbreviated as The Revd, The Rev'd or The Rev) is an honorific style (form of address), style given to certain (primarily Western Christian, Western) Christian clergy and Christian minister, ministers. There are sometimes differen ... William Smart, was born in Barrhead, Scotland. Works ''An Introduction to the Theory of Value on the Lines of Menger, Wieser, and Böhm-Bawerk''(1891, 1910). ''The Return to Protection''(1904) * * * * * References External links * * {{DEFAULTSORT:Smart, William 1853 births 1915 deaths British economists Scottish economists Neoclassical economists Austrian School economists People from Barrhead Gui ...
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Business Terms
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from sole proprietors and partnerships. Corporations are separate and unique legal entities from their shareholders; as such they provide limited liability for their owners and members. Cor ...
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Laissez Faire
''Laissez-faire'' ( , from , ) is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations). As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e., the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." The original phrase was ''laissez faire, laissez passer'', with the second part meaning "let (things) pass". It is generally attributed to Vincent de Gournay. Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. The Physiocrats were early advocates of ''laissez-faire'' and advocated for an ''impôt unique'', a tax on land rent to replace the "monstrous and crippling netw ...
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National Endowment For The Humanities
The National Endowment for the Humanities (NEH) is an independent federal agency of the U.S. government, established by thNational Foundation on the Arts and the Humanities Act of 1965(), dedicated to supporting research, education, preservation, and public programs in the humanities. The NEH is housed in the Constitution Center (Washington, D.C.), Constitution Center at 400 7th St SW, Washington, D.C. From 1979 to 2014, NEH was at 1100 Pennsylvania Avenue, N.W., Washington, D.C., in the Old Post Office Pavilion, Nancy Hanks Center at the Old Post Office. History and purpose The NEH provides grants for high-quality humanities projects to cultural institutions such as museums, archives, libraries, colleges, universities, public television, and radio stations, and to individual Scholasticism, scholars. According to its mission statement: "Because democracy demands wisdom, NEH serves and strengthens our republic by promoting excellence in the humanities and conveying the lesso ...
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John D
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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Leland Stanford
Amasa Leland Stanford (March 9, 1824June 21, 1893) was an American attorney, industrialist, philanthropist, and Republican Party (United States), Republican Party politician from Watervliet, New York. He served as the eighth governor of California from 1862 to 1863 and represented the state in the United States Senate from 1885 until his death in 1893. He and his wife Jane Stanford, Jane founded Stanford University, named after Leland Stanford Jr., their late son. Stanford became a successful merchant and wholesaler after migrating to California in 1852 during California gold rush, the gold rush; he built a commerce , business empire. He was an influential executive of the Central Pacific Railroad and later of the Southern Pacific Railroad, Southern Pacific railroads from 1861 to 1890; these positions gave him tremendous power in the Western United States which left a lasting impact on California. He also played a significant role as a shareholder and executive in the early ...
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Andrew Mellon
Andrew William Mellon (; March 24, 1855 – August 26, 1937), known also as A. W. Mellon, was an American banker, businessman, industrialist, philanthropist, art collector, and politician. The son of Mellon family patriarch Thomas Mellon, 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 of the United States in the aftermath of World War I. Mellon also helped fund and manage Kennywood Park in West Mifflin, Pennsylvania. Andrew began working at his father's Pittsburgh, Pennsylvania, 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, t ...
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Andrew Carnegie
Andrew Carnegie ( , ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the History of the iron and steel industry in the United States, American steel industry in the late-19th century and became one of the List of richest Americans in history, richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (equivalent to $ billion in ), almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an Inheritance tax, estate tax, and stimulated a wave of philanthropy. Carnegie was born in Dunfermline, Scotland. He immigrated to what is now Pittsburgh, Pennsylvania, United States with his parents in 1848 ...
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Cornelius Vanderbilt
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trading, water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the United States. As one of the List of richest Americans in history, richest Americans in history and wealthiest figures overall, Vanderbilt was the patriarch of the wealthy and influential Vanderbilt family. He provided the initial gift to found Vanderbilt University in Nashville, Tennessee. For his monopoly on shipping and the railroads, facilitated by political manipulation, Vanderbilt is often described as a "robber baron (industrialist), robber baron", including in what may be one of first uses of the term, in ''The New York Times'' in 1859. Ancestry Cornelius Vanderbilt's great- ...
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Robber Baron (industrialist)
Robber baron is a term first applied by 19th century muckrakers and others as social criticism to certain wealthy, powerful, and unethical 19th-century American businessmen. The term appeared in that use as early as the August 1870 issue of ''The Atlantic Monthly'' magazine. By the late 19th century, the term was typically applied to businessmen who used exploitative practices to amass their wealth. Those practices included Exploitation of natural resources, unfettered consumption and destruction of natural resources, Crony capitalism, influencing high levels of government, wage slavery, Anti-competitive practices, squashing competition by acquiring their competitors, and to create Monopoly, monopolies and/or Trust (business), trusts that control Market (economics), the market. The term combines the sense of criminal ("robber") and illegitimate aristocracy (“baron”) in a republic.Worth Robert Miller, ''Populist cartoons: an illustrated history of the third-party movement in th ...
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Ernst Abbe
Ernst Karl Abbe (23 January 1840 – 14 January 1905) was a German businessman, optical engineer, physicist, and social reformer. Together with Otto Schott and Carl Zeiss, he developed numerous optical instruments. He was also a co-owner of Carl Zeiss AG, a German manufacturer of scientific microscopes, astronomical telescopes, planetariums, and other advanced optical systems. Personal life Abbe was born 23 January 1840 in Eisenach, Saxe-Weimar-Eisenach, to Georg Adam Abbe and Elisabeth Christina Barchfeldt. He came from a humble home – his father was a foreman in a spinnery. Supported by his father's employer, Abbe was able to attend secondary school and to obtain the general qualification for university entrance with fairly good grades, at the Eisenach Gymnasium, which he graduated from in 1857. By the time he left school, his scientific talent and his strong will had already become obvious. Thus, in spite of the family's strained financial situation, his father decide ...
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