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The crisis of the 1890s
Issues of crisis of 1890s
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The discovery of iron ore on the Mesabi Range can hardly be credited to one person. In 1890, however, it was the family of Lewis Merritt that discovered merchantable ore and opened the Mesabi to industry. Within three years, they owned several mines and had built a railroad leading to immense ore docks in Duluth. On the cusp of controlling a mining empire in northern Minnesota, they lost everything to business titan John D. Rockefeller. The Merritts came to Minnesota Territory in 1855 and 1856. They were among the first settlers of Oneota (West Duluth). The family ran a hotel and Lewis, the father, worked as a millwright. Lewis participated in the Vermilion Gold Rush of 1865–1866. Like his peers, he found nothing. He was, however, shown a chunk of iron ore that prompted him to speculate that ranges of the mineral would be discovered in northern Minnesota. Lewis and his wife Hepziabeth had eight sons. One became a teacher and another a minister. Some worked on Lake Superior vessels for a time. Several of the sons worked in the extractive industries of lumbering and mining. Prominent among the brothers was Leonidas. He became the head of the Merritt clan in Duluth, especially after his father Lewis died in 1880. In …show more content…
It led to what were then the largest ore docks in the world. While this was a great accomplishment, the Merritts had achieved it using borrowed money as the country was entering the financial downturn of 1893. In the summer of 1893 Leonidas met with John D. Rockefeller. The two men negotiated the consolidation of their mining interests into the Lake Superior Consolidated Mines Company. In addition, Rockefeller pumped over two million dollars into the Merritt properties to keep them afloat. As the financial depression of 1893 deepened, the Merritts found themselves unable to meet their obligations. Eventually, in January of 1894, the Merritts sold all of their stock in the consolidated company to
One of the first attempts to locate and mine this copper was back in 1771 when the first mining expedition was organized. English miners were sent to the New World to locate and mine the copper heard of in Indian tales that had been passed along by the French. These miners had begun their excavation in a clay bank where they had previously seen trickling green copper-containing water with pieces floating in the water nearby. Unfortunately, the frozen roof of the tunnel had thawed and lead to a cave in resulting in the first failed attempt at mining copper in Michigan.
The Revised Children’s Manifest Anxiety Scale (RCMAS-2) is a revision of the Children’s Manifest Anxiety Scale (CMAS) created by Cecil Reynolds and Bert Richmond in 1985 (Reynolds & Richmond, 2008). The RCMAS-2 includes an updated standardization sample, improved psychometrics, and broadened content (Reynolds & Richmond, 2008). Although these revisions occurred, the brevity, elementary reading level, and content-based item clusters were retained, offering an updated and effective tool for understanding and treating anxiety in school-aged children (Reynolds & Richmond, 2008).
Lewis Latimer had many interests. He was an inventor, draftsman, engineer, author, poet, musician, and, at the same time, a devoted family man and philanthropist.
of shares of new, watered stock. The "poison pill" of the time, although Gould may hav been as Erie as the canal, he did revolutionize financial tactics. When the angry Vanderbilt obtained an arrest warrant for the three, they ferried company headquarters to Jersey City, and Gould rushed to Albany where a pliable New York legislature authorized the stock issue. Eventually peace was made with Vanderbilt, but that gentleman was reported to have muttered that his trouble with the Erie "has learned me it never pays to kick a skunk." Later in the fall of 1869 Gould and Fisk conspired with the brother-in-law of President Ulysses S. Grant to corner the gold market, causing the panic of "Black Friday," September 24, 1869, and a tremendous margin call for Gould. He was even reported as telling his partners to buy as he was selling tremendous volumes of gold. After the crash his partners were left with nothing as Gould went long the market at the lowest levels.
Woodrow had five siblings, two brothers and three sisters. The farm they grew up on was given to them from the government because Minzy Rawls was part Cherokee. The children could not get a good education due to the fact that no schools were near Scraper, at the time. The children were taught by their mother, who ordered books through the mail and taught them how to read.
oldest of four children. He was known for being the fun one entertaining one of his family and of
The Pikes Peak Gold Rush took place between July of 1858 and February of 1861. The Pikes Peak Gold Rush was later to be named the Colorado Gold Rush due to its location. It was only the start of the mining industry. Thousands of people took place in mining, those of which were called the “fifty-niners.” William G. Russell was the leader of the expedition to the Rockies. He was married to a Cherokee Indian, which is how he heard of the gold findings in 1849. Based on the rumors of the gold that was being found in Pikes Peak, Russell organized a group including his two brothers and six companions to seek the gold. After doing so, the discovery of gold findings by the prospectors in 1858 sprung up a boom. Once the news of the gold discoveries
Jim Lewis was born on March 3rd, 1910 in McKinney, Texas. He was the middle child of three, with Jim and Laura Lewis as his parents . He was in the Texas National Guard, before he volunteered to go into World War 2, at the age of 35. He was too old to be drafted, but after Pearl Harbor, he felt the need to serve his country the best he could. Lewis married Catherine Harkey after the war, and had four children. He worked for City Chevrolet for most of his life after the war as a car mechanic and later a security guard. After Catherine died, he was remarried for a few years until he died of testicular cancer, leaving behind all four children, nine grandchildren, and four great grandchildren .
He had one brother and two sisters.. At age five, his father, William Lewis, caught Pneumonia and died. Only six months later, Meriwether's mother, Lucy, remarried to a retired military officer, John Marks. Upon the new marriage, Lewis gained one stepbrother, and one stepsister. Marks moved Lucy and their family to Georgia by the Broad River. As Lewis grew up, he gained a love for hunting and just being in the outdoors in general. Where they lived along the Broad River, were some Cherokee. His mother, along with the Indians, taught him about herbs and fruits. At age thirteen, his parents finally sent him to school in Virginia to get an education. Matthew Maury, Parsons William Douglos, Dr. Charles Everitt, and Reverend James Waddell taught Lewis throughout his time at Liberty Hall, where he graduated in 1793. The next year, by Virginia Militia, he was chosen for detachment to maintain the Whiskey Rebellion. As another year passed, Lewis became a lieutenant, serving the Frontier Army for six years. In the year of 1800, Lewis moved up in rank and became a captain for the U.S. Army. Later on in April of 1801, President Jefferson chose Lewis as his secretary. Working with each other was easier than most, because Lewis and Jefferson already knew each other from childhood. Lewis was also chosen by Jefferson to command or lead a journey of the newly purchased land from the “Louisiana Purchase”. In 1803,
The fortune of silver and gold discovered in Colorado’s mountains were locked inside complex ores consisting of granite, quartz and other metals that rendered them useless, unless they could be separated (Egan. NPS). Miners originally imported stamp mills and Spanish arrastras to extract the gold and silver but both these methods were inefficient and lost upwards of 70 percent of the sought after mineral (NPS). In 1867, chemistry professor Nathanial P. Hill discovered an efficient method called the Swansea process to separate the precious metals and opened the Boston Colorado Smelter in Blackhawk (NPS).
She had great influence on Washington and the development of his Northern philanthropic support. They had two sons, Booker T. Washington Jr. and Ernest Davidson Washington. Olivia died in 1889. Washington married Margaret James Murray in 1892. A teacher, Margaret became the Lady Principal of Tuskegee after Olivia's death.
In “The Fish” by Elizabeth Bishop, the narrator attempts to understand the relationship between humans and nature and finds herself concluding that they are intertwined due to humans’ underlying need to take away from nature, whether through the act of poetic imagination or through the exploitation and contamination of nature. Bishop’s view of nature changes from one where it is an unknown, mysterious, and fearful presence that is antagonistic, to one that characterizes nature as being resilient when faced against harm and often victimized by people. Mary Oliver’s poem also titled “The Fish” offers a response to Bishop’s idea that people are harming nature, by providing another reason as to why people are harming nature, which is due to how people are unable to view nature as something that exists and goes beyond the purpose of serving human needs and offers a different interpretation of the relationship between man and nature. Oliver believes that nature serves as subsidence for humans, both physically and spiritually. Unlike Bishop who finds peace through understanding her role in nature’s plight and acceptance at the merging between the natural and human worlds, Oliver finds that through the literal act of consuming nature can she obtain a form of empowerment that allows her to become one with nature.
... Rush, there were a few that prospered. One of these people was a cook named Jenny Wimmer. She became very wealthy due to the discovery of the first gold nugget which was found at the bottom of her boiling pot. A few months after her discovery, over 20,000 people went searching for gold in that area.
in America during the year 1849 in search of gold. It was, however, the Filipinos, who
Two months after the stock market crash, stockholders lost more than fourteen million dollars; it dropped more than 40%. It continued to decrease; it went down to nearly 90% from its 1929 highs. Before the crash the 1920s were known for the roaring twenties, parties, extravagant outfits, and the music. It was the decade where people were known to spend money, they were not afraid of spending it. But when banks started to crash that is when people started to panic and was trying to get their money back, millions of Americans lost fortunes. This caused companies to lose their values and no longer be able to afford to stay in business. William C. Durant joined the Rockefeller family and other financial giants to buy big stocks to prove to the people their assurance in the market but they failed to stop decline in prices. According to the website Globalyceum, US gross domestic product, in 1929 $103.6 billion, in 1930 $91.2, in 1931 $76.5, in 1932 $58.7, in 1933 $56.4. The total size of the American economy, restrained by gross local product, suddenly dropped following the crash on Wall Street from $103.6 billion to $66