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Millwall Ironworks
The Millwall Iron Works, London, England, was a 19th-century industrial complex and series of companies, which developed from 1824. Formed from a series of small shipbuilding companies to address the need to build larger and larger ships, the holding company collapsed after the Panic of 1866 which greatly reduced shipbuilding in London. Subsequently, a recovery was made by a series of smaller companies, but by the later 19th century the location was too small for the building of ships on the scale then required. Most of its buildings, being near the apex of the peninsula in the Isle of Dogs, survived the Blitz and have been made into apartment blocks in a residential estate, Burrells Wharf. Background By the early 18th century, the ''Land of Promise estate'' was in Marshwall (now Millwall) on the north side of the River Thames east of London, was owned by St Martin-in-the-Fields haberdasher Simon Lemon. Mastmaker Robert Todd then bought the estate, leaving it to his partner Th ...
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Panic Of 1866
The Panic of 1866 was a financial downturn that accompanied the failure of Overend, Gurney and Company in London. In United Kingdom, Britain, the economic impacts are held partially responsible for public agitation for political reform in the months leading up to the 1867 Reform Act. The crisis led to a sharp rise in unemployment to 8% and a subsequent fall in wages across the country. Similar to the "knife and fork" motives of Chartism in the late 1830s and 1840s, the financial pressure on the British working class led to rising support for greater representation of the people. Groups such as the Reform League saw rapid increases in membership and the organisation spearheaded multiple demonstrations against the political establishment such as the Hyde Park riot of 1866. Ultimately the popular pressure that arose from the banking crisis and the recession that followed can be held partly responsible for the enfranchisement of 1.1 million people as a result of Reform Act 1867, Disr ...
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Shipyard
A shipyard, also called a dockyard or boatyard, is a place where ships are shipbuilding, built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Compared to shipyards, which are sometimes more involved with original construction, dockyards are sometimes more linked with maintenance and basing activities. The terms are routinely used interchangeably, in part because the Shipyard#History, evolution of dockyards and shipyards has often caused them to change or merge roles. Countries with large shipbuilding industries include Australia, Brazil, China, Croatia, Denmark, Finland, France, Germany, India, Republic of Ireland, Ireland, Italy, Japan, the Netherlands, Norway, the Philippines, Poland, Romania, Russia, Singapore, South Korea, Sweden, Taiwan, Turkey, the United Arab Emirates, Ukraine, the United Kingdom, the United States and Vietnam. The shipbuilding industry is more fragmented in Economy of Europe, Europe than in Econom ...
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Nathaniel Fenner
Nathaniel John Fenner (31 May 1824 – 28 November 1888) was a British Petroleum, oil merchant who owned a wharf in Millwall on the Isle of Dogs, London. Along with Robert Fairlie, he came up with idea of developing the Millwall Docks. He first asked Fairlie to draw up a plan to develop the empty land behind his wharf. In 1856, with Henry James Fenner, Nathaniel had taken out a lease on a plot of undeveloped land which had previously been used as a garden and paddock, in Southern Millwall. Here they erected a two-storey wharehouse. Having experienced difficulty when attempting to land cargoes at low tide, Fenner hit on the idea of an enclosed non-tidal docks for wharfingers created by building a 'canal' across the Isle of Dogs provided with entrance basins at each end and a central arm which would extend north towards the East and West India Dock Company's Timber Pond. Following the insolvency of the Millwall Iron Works#1861–1866: Millwall Iron Works, Ship Building & Graving Doc ...
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Overend, Gurney And Company
Overend, Gurney and Company was a London wholesale banking, wholesale discount bank, known as "the bankers' bank", which collapsed in 1866 owing about £11 million, equivalent to £ million in . The collapse of the institution triggered a banking panic. History Early years The business was founded in 1800 as Richardson, Overend and Company by Thomas Richardson, clerk to a London bill discounter, and John Overend, chief clerk in the bank of Smith, Payne and Company at Nottingham (absorbed into the National Provincial Bank in 1902), with Gurney's Bank (absorbed into Barclays Bank in 1896) supplying the capital. At that time, bill-discounting was carried on sporadically by ordinary merchants in addition to their regular business, but Richardson considered that there was room for a London house which should devote itself entirely to the trade in bills. This idea, novel at the time, proved an instant success. Samuel Gurney (1786–1856), Samuel Gurney joined the firm in 1807 and too ...
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Royal Navy Dockyard
Royal Navy Dockyards (more usually termed Royal Dockyards) were state-owned harbour facilities where ships of the Royal Navy were built, based, repaired and refitted. Until the mid-19th century the Royal Dockyards were the largest industrial complexes in Britain. From the reign of Henry VII up until the 1990s, the Royal Navy had a policy of establishing and maintaining its own dockyard facilities (although at the same time, as continues to be the case, it made extensive use of private shipyards, both at home and abroad). Portsmouth was the first Royal Dockyard, dating from the late 15th century; it was followed by Deptford, Woolwich, Chatham and others. By the 18th century, Britain had a string of these state-owned naval dockyards, located not just around the country but across the world; each was sited close to a safe harbour or anchorage used by the fleet. Royal Naval Dockyards were the core naval and military facilities of the four Imperial fortresses - colonies which ena ...
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Thames Ironworks And Shipbuilding Company
The Thames Ironworks and Shipbuilding Company, Limited was a shipyard and iron works straddling the mouth of Bow Creek at its confluence with the River Thames, at Leamouth Wharf (often referred to as Blackwall) on the west side and at Canning Town on the east side. Its main activity was shipbuilding, but it also diversified into civil engineering, marine engines, cranes, electrical engineering and motor cars.Jim Lewis 1999, ''London's Lea Valley'', Phillimore, The company notably produced iron work for Isambard Kingdom Brunel's Royal Albert Bridge over the Tamar in the 1850s, and the world's first all-iron warship, HMS ''Warrior'', launched in 1860. History 1837–46 The company originated in 1837 as the Ditchburn and Mare Shipbuilding Company, founded by shipwright Thomas J. Ditchburn and the engineer and naval architect Charles John Mare. Originally located at Deptford, after a fire destroyed their yard the company moved to Orchard Place in 1838, between the ...
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British Admiralty
The Admiralty was a Departments of the Government of the United Kingdom, department of the Government of the United Kingdom that was responsible for the command of the Royal Navy. Historically, its titular head was the Lord High Admiral of the United Kingdom, Lord High Admiral – one of the Great Officers of State. For much of its history, from the early Admiralty in the 18th century, 18th century until its abolition, the role of the Lord High Admiral was almost invariably put "in commission" and exercised by the Lords Commissioner of the Admiralty, who sat on the governing Board of Admiralty, rather than by a single person. The Admiralty was replaced by the Admiralty Board (United Kingdom), Admiralty Board in 1964, as part of the reforms that created the Ministry of Defence (United Kingdom), Ministry of Defence and its Navy Department (Ministry of Defence), Navy Department (later Navy Command (Ministry of Defence), Navy Command). Before the Acts of Union 1707, the Office of t ...
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Royal Navy
The Royal Navy (RN) is the naval warfare force of the United Kingdom. It is a component of His Majesty's Naval Service, and its officers hold their commissions from the King of the United Kingdom, King. Although warships were used by Kingdom of England, English and Kingdom of Scotland, Scottish kings from the early Middle Ages, medieval period, the first major maritime engagements were fought in the Hundred Years' War against Kingdom of France, France. The modern Royal Navy traces its origins to the English Navy of the early 16th century; the oldest of the British Armed Forces, UK's armed services, it is consequently known as the Senior Service. From the early 18th century until the World War II, Second World War, it was the world's most powerful navy. The Royal Navy played a key part in establishing and defending the British Empire, and four Imperial fortress colonies and a string of imperial bases and coaling stations secured the Royal Navy's ability to assert naval superior ...
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London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ...
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John Hughes (businessman)
John James Hughes (1814 – 17 June 1889) was a Welsh engineer, businessman and founder of the city of Donetsk. The village was originally named Yuzovka (''Hughesovka'', ) or Yuzivka () after Hughes, (" Yu z" being a Russian and Ukrainian approximation of Hughes), formally becoming a town in May 1917 and later, in 1924, being renamed to Stalino (); in 1961, the name was changed to Donetsk. Biography Hughes was born in Merthyr Tydfil, Wales, where his father was head engineer at the Cyfarthfa Ironworks. It was there that Hughes started his career, under his father's supervision. He then moved to Ebbw Vale, before joining the Uskside Foundry in Newport, Monmouthshire, in the 1840s. It was here that Hughes made his reputation and fortune, patenting a number of inventions in armaments and armour plating. The resultant revenues allowed him to acquire a shipyard aged 28, and by the age of 36 he owned a foundry in Newport. It was also during this time that he married Elizabeth Le ...
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Charles John Mare
Charles John Mare (1815 – 8 February 1898) was a British Conservative politician, and shipbuilder. Family In 1844, Mare married Mary ńee Rolt, daughter of Conservative MP for Greenwich (1852–1857) Peter Rolt, and they had at least two sons, Charles J. and John. Shipbuilding Born in Staffordshire, Mare travelled to London where he started training to be a solicitor in Doctors' Commons but, upon his father's death in 1835, he leased the family home in Cheshire to form shipbuilding firm Ditchburn and Mare with Thomas J. Ditchburn on the Thames. They established a yard at Dudman's Creek, Deptford where they started building iron ships. In 1838, their yard was completely destroyed by fire. It was suspected arson by rival wooden shipbuilders. They moved the business to the Orchard House Yard, Canning Town, taking over the premises of the recently bankrupt firm of William and Benjamin Wallis. After Ditchburn's retirement in 1846, Mare continued to run the firm, and expanded th ...
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Samuda Brothers
Samuda Brothers was an engineering and ship building firm at Cubitt Town on the Isle of Dogs in London, founded by Jacob and Joseph d'Aguilar Samuda. The site is now occupied by Samuda Estate. Samuda Brothers initially leased a premises on the Goodluck Hope peninsula, Leamouth, London, in 1843, by the mouth of Bow Creek. However disaster struck with one of their first ships, the ''Gipsy Queen'' which exploded on its test trip in November 1844. Jacob was killed with nine of the firm's employees. There was a further explosion at their shipyard in 1845 and another three workers were killed. The firm moved to Cubitt Town in 1852, having outgrown a site that was hemmed in by other industrial premises. By this time the company was run by Joseph, Jacob having been killed in the trial of the ''Gipsy Queen''. The Cubitt Town yard specialised in iron and steel warships and steam packets and by 1863 was said to be producing double the output of the other London shipyards combined. ...
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