Atlanta is the capital of, the most populous city in, the U. S. state of Georgia. With an estimated 2017 population of 486,290, it is the 38th most-populous city in the United States; the city serves as the cultural and economic center of the Atlanta metropolitan area, home to 5.8 million people and the ninth-largest metropolitan area in the nation. Atlanta is the seat of the most populous county in Georgia. A small portion of the city extends eastward into neighboring DeKalb County. Atlanta was founded as the terminating stop of a major state-sponsored railroad. With rapid expansion, however, it soon became the convergence point between multiple railroads, spurring its rapid growth; the city's name derives from that of the Western and Atlantic Railroad's local depot, signifying the town's growing reputation as a transportation hub. During the American Civil War, the city was entirely burned to the ground in General William T. Sherman's famous March to the Sea. However, the city rose from its ashes and became a national center of commerce and the unofficial capital of the "New South".
During the 1950s and 1960s, Atlanta became a major organizing center of the civil rights movement, with Dr. Martin Luther King Jr. Ralph David Abernathy, many other locals playing major roles in the movement's leadership. During the modern era, Atlanta has attained international prominence as a major air transportation hub, with Hartsfield–Jackson Atlanta International Airport being the world's busiest airport by passenger traffic since 1998. Atlanta is rated as a "beta" world city that exerts a moderate impact on global commerce, research, education, media and entertainment, it ranks in the top twenty among world cities and 10th in the nation with a gross domestic product of $385 billion. Atlanta's economy is considered diverse, with dominant sectors that include transportation, logistics and business services, media operations, medical services, information technology. Atlanta has topographic features that include rolling hills and dense tree coverage, earning it the nickname of "the city in a forest."
Revitalization of Atlanta's neighborhoods spurred by the 1996 Summer Olympics, has intensified in the 21st century, altering the city's demographics, politics and culture. Prior to the arrival of European settlers in north Georgia, Creek Indians inhabited the area. Standing Peachtree, a Creek village where Peachtree Creek flows into the Chattahoochee River, was the closest Indian settlement to what is now Atlanta; as part of the systematic removal of Native Americans from northern Georgia from 1802 to 1825, the Creek were forced to leave the area in 1821, white settlers arrived the following year. In 1836, the Georgia General Assembly voted to build the Western and Atlantic Railroad in order to provide a link between the port of Savannah and the Midwest; the initial route was to run southward from Chattanooga to a terminus east of the Chattahoochee River, which would be linked to Savannah. After engineers surveyed various possible locations for the terminus, the "zero milepost" was driven into the ground in what is now Five Points.
A year the area around the milepost had developed into a settlement, first known as "Terminus", as "Thrasherville" after a local merchant who built homes and a general store in the area. By 1842, the town had six buildings and 30 residents and was renamed "Marthasville" to honor the Governor's daughter. J. Edgar Thomson, Chief Engineer of the Georgia Railroad, suggested the town be renamed Atlanta; the residents approved, the town was incorporated as Atlanta on December 29, 1847. By 1860, Atlanta's population had grown to 9,554. During the American Civil War, the nexus of multiple railroads in Atlanta made the city a hub for the distribution of military supplies. In 1864, the Union Army moved southward following the capture of Chattanooga and began its invasion of north Georgia; the region surrounding Atlanta was the location of several major army battles, culminating with the Battle of Atlanta and a four-month-long siege of the city by the Union Army under the command of General William Tecumseh Sherman.
On September 1, 1864, Confederate General John Bell Hood made the decision to retreat from Atlanta, he ordered the destruction of all public buildings and possible assets that could be of use to the Union Army. On the next day, Mayor James Calhoun surrendered Atlanta to the Union Army, on September 7, Sherman ordered the city's civilian population to evacuate. On November 11, 1864, Sherman prepared for the Union Army's March to the Sea by ordering the destruction of Atlanta's remaining military assets. After the Civil War ended in 1865, Atlanta was rebuilt. Due to the city's superior rail transportation network, the state capital was moved from Milledgeville to Atlanta in 1868. In the 1880 Census, Atlanta surpassed Savannah as Georgia's largest city. Beginning in the 1880s, Henry W. Grady, the editor of the Atlanta Constitution newspaper, promoted Atlanta to potential investors as a city of the "New South" that would be based upon a modern economy and less reliant on agriculture. By 1885, the founding of the Georgia School of Technology and the Atlanta University Center had established Atlanta as a center for higher education.
In 1895, Atlanta hosted the Cotton States and International Exposition, which attracted nearly 800,000 attendees and promoted the New South's development to the world. During the first decades of the 20th century, Atlanta experienced a period of unprecedented growth. In three decades' time, Atlanta's population tripled as the city limits expanded to include nearby streetcar suburbs; the city's skyline emerged with the construction of the
Alabama is a state in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east and the Gulf of Mexico to the south, Mississippi to the west. Alabama is the 30th largest by area and the 24th-most populous of the U. S. states. With a total of 1,500 miles of inland waterways, Alabama has among the most of any state. Alabama is nicknamed the Yellowhammer State, after the state bird. Alabama is known as the "Heart of Dixie" and the "Cotton State"; the state tree is the longleaf pine, the state flower is the camellia. Alabama's capital is Montgomery; the largest city by population is Birmingham. The oldest city is Mobile, founded by French colonists in 1702 as the capital of French Louisiana. From the American Civil War until World War II, like many states in the southern U. S. suffered economic hardship, in part because of its continued dependence on agriculture. Similar to other former slave states, Alabamian legislators employed Jim Crow laws to disenfranchise and otherwise discriminate against African Americans from the end of the Reconstruction Era up until at least the 1970s.
Despite the growth of major industries and urban centers, white rural interests dominated the state legislature from 1901 to the 1960s. During this time, urban interests and African Americans were markedly under-represented. Following World War II, Alabama grew as the state's economy changed from one based on agriculture to one with diversified interests; the state's economy in the 21st century is based on management, finance, aerospace, mineral extraction, education and technology. The European-American naming of the Alabama River and state was derived from the Alabama people, a Muskogean-speaking tribe whose members lived just below the confluence of the Coosa and Tallapoosa rivers on the upper reaches of the river. In the Alabama language, the word for a person of Alabama lineage is Albaamo; the suggestion that "Alabama" was borrowed from the Choctaw language is unlikely. The word's spelling varies among historical sources; the first usage appears in three accounts of the Hernando de Soto expedition of 1540: Garcilaso de la Vega used Alibamo, while the Knight of Elvas and Rodrigo Ranjel wrote Alibamu and Limamu in transliterations of the term.
As early as 1702, the French called the tribe the Alibamon, with French maps identifying the river as Rivière des Alibamons. Other spellings of the name have included Alibamu, Albama, Alibama, Alabamu, Allibamou. Sources disagree on the word's meaning; some scholars suggest the word comes from amo. The meaning may have been "clearers of the thicket" or "herb gatherers", referring to clearing land for cultivation or collecting medicinal plants; the state has numerous place names of Native American origin. However, there are no correspondingly similar words in the Alabama language. An 1842 article in the Jacksonville Republican proposed it meant "Here We Rest." This notion was popularized in the 1850s through the writings of Alexander Beaufort Meek. Experts in the Muskogean languages have not found any evidence to support such a translation. Indigenous peoples of varying cultures lived in the area for thousands of years before the advent of European colonization. Trade with the northeastern tribes by the Ohio River began during the Burial Mound Period and continued until European contact.
The agrarian Mississippian culture covered most of the state from 1000 to 1600 AD, with one of its major centers built at what is now the Moundville Archaeological Site in Moundville, Alabama. This is the second-largest complex of the classic Middle Mississippian era, after Cahokia in present-day Illinois, the center of the culture. Analysis of artifacts from archaeological excavations at Moundville were the basis of scholars' formulating the characteristics of the Southeastern Ceremonial Complex. Contrary to popular belief, the SECC appears to have no direct links to Mesoamerican culture, but developed independently; the Ceremonial Complex represents a major component of the religion of the Mississippian peoples. Among the historical tribes of Native American people living in present-day Alabama at the time of European contact were the Cherokee, an Iroquoian language people. While part of the same large language family, the Muskogee tribes developed distinct cultures and languages. With exploration in the 16th century, the Spanish were the first Europeans to reach Alabama.
The expedition of Hernando de Soto passed through Mabila and other parts of the state in 1540. More than 160 years the French founded the region's first European settlement at Old Mobile in 1702; the city was moved to the current site of Mobile in 1711. This area was claimed by the French from 1702 to 1763 as part of La Louisiane. After the French lost to the British in the Seven Years' War, it became part of British West Florida from 1763 to 1783. After the United States victory in the American Revolutionary War, the territory was divided between the United States and Spain; the latter retained control of this western territory from 1783 until the surrender of the Spanish garrison at Mobile to U. S. forces on April 13, 1813. Thomas Bassett, a loyalist to the British monarchy during the Revolutionary era, was one of the earliest white settlers in the state
The United States of America known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U. S. is the third most populous country. The capital is Washington, D. C. and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico; the State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean; the U. S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The diverse geography and wildlife of the United States make it one of the world's 17 megadiverse countries.
Paleo-Indians migrated from Siberia to the North American mainland at least 12,000 years ago. European colonization began in the 16th century; the United States emerged from the thirteen British colonies established along the East Coast. Numerous disputes between Great Britain and the colonies following the French and Indian War led to the American Revolution, which began in 1775, the subsequent Declaration of Independence in 1776; the war ended in 1783 with the United States becoming the first country to gain independence from a European power. The current constitution was adopted in 1788, with the first ten amendments, collectively named the Bill of Rights, being ratified in 1791 to guarantee many fundamental civil liberties; the United States embarked on a vigorous expansion across North America throughout the 19th century, acquiring new territories, displacing Native American tribes, admitting new states until it spanned the continent by 1848. During the second half of the 19th century, the Civil War led to the abolition of slavery.
By the end of the century, the United States had extended into the Pacific Ocean, its economy, driven in large part by the Industrial Revolution, began to soar. The Spanish–American War and World War I confirmed the country's status as a global military power; the United States emerged from World War II as a global superpower, the first country to develop nuclear weapons, the only country to use them in warfare, a permanent member of the United Nations Security Council. Sweeping civil rights legislation, notably the Civil Rights Act of 1964, the Voting Rights Act of 1965 and the Fair Housing Act of 1968, outlawed discrimination based on race or color. During the Cold War, the United States and the Soviet Union competed in the Space Race, culminating with the 1969 U. S. Moon landing; the end of the Cold War and the collapse of the Soviet Union in 1991 left the United States as the world's sole superpower. The United States is the world's oldest surviving federation, it is a representative democracy.
The United States is a founding member of the United Nations, World Bank, International Monetary Fund, Organization of American States, other international organizations. The United States is a developed country, with the world's largest economy by nominal GDP and second-largest economy by PPP, accounting for a quarter of global GDP; the U. S. economy is post-industrial, characterized by the dominance of services and knowledge-based activities, although the manufacturing sector remains the second-largest in the world. The United States is the world's largest importer and the second largest exporter of goods, by value. Although its population is only 4.3% of the world total, the U. S. holds 31% of the total wealth in the world, the largest share of global wealth concentrated in a single country. Despite wide income and wealth disparities, the United States continues to rank high in measures of socioeconomic performance, including average wage, human development, per capita GDP, worker productivity.
The United States is the foremost military power in the world, making up a third of global military spending, is a leading political and scientific force internationally. In 1507, the German cartographer Martin Waldseemüller produced a world map on which he named the lands of the Western Hemisphere America in honor of the Italian explorer and cartographer Amerigo Vespucci; the first documentary evidence of the phrase "United States of America" is from a letter dated January 2, 1776, written by Stephen Moylan, Esq. to George Washington's aide-de-camp and Muster-Master General of the Continental Army, Lt. Col. Joseph Reed. Moylan expressed his wish to go "with full and ample powers from the United States of America to Spain" to seek assistance in the revolutionary war effort; the first known publication of the phrase "United States of America" was in an anonymous essay in The Virginia Gazette newspaper in Williamsburg, Virginia, on April 6, 1776. The second draft of the Articles of Confederation, prepared by John Dickinson and completed by June 17, 1776, at the latest, declared "The name of this Confederation shall be the'United States of America'".
The final version of the Articles sent to the states for ratification in late 1777 contains the sentence "The Stile of this Confederacy shall be'The United States of America'". In June 1776, Thomas Jefferson wrote the phrase "UNITED STATES OF AMERICA" in all capitalized letters in the headline of his "original Rough draught" of the Declaration of Independence; this draft of the document did not surface unti
Nashville is the capital and most populous city of the U. S. state of Tennessee. The city is located on the Cumberland River; the city's population ranks 24th in the U. S. According to 2017 estimates from the U. S. Census Bureau, the total consolidated city-county population stood at 691,243; the "balance" population, which excludes semi-independent municipalities within Davidson County, was 667,560 in 2017. Located in northern Middle Tennessee, Nashville is the main core of the largest metropolitan area in Tennessee; the 2017 population of the entire 14-county Nashville metropolitan area was 1,903,045. The 2017 population of the Nashville—Davidson–Murfreesboro–Columbia combined statistical area, a larger trade area, was 2,027,489. Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779; the city grew due to its strategic location as a port and railroad center. Nashville seceded with Tennessee during the American Civil War and in 1862 became the first state capital to fall to Union troops.
After the war the city developed a manufacturing base. Since 1963, Nashville has had a consolidated city-county government, which includes six smaller municipalities in a two-tier system; the city is governed by a mayor, a vice-mayor, a 40-member metropolitan council. Reflecting the city's position in state government, Nashville is home to the Tennessee Supreme Court's courthouse for Middle Tennessee. Nashville is a center for the music, publishing, private prison and transportation industries, is home to numerous colleges and universities such as Tennessee State University, Vanderbilt University, Belmont University, Fisk University, Lipscomb University. Entities with headquarters in the city include Asurion, Bridgestone Americas, Captain D's, CoreCivic, Dollar General, Hospital Corporation of America, LifeWay Christian Resources, Logan's Roadhouse, Ryman Hospitality Properties; the town of Nashville was founded by James Robertson, John Donelson, a party of Overmountain Men in 1779, near the original Cumberland settlement of Fort Nashborough.
It was named for the American Revolutionary War hero. Nashville grew because of its strategic location, accessibility as a port on the Cumberland River, a tributary of the Ohio River. By 1800, the city had 345 residents, including 136 enslaved African Americans and 14 free African-American residents. In 1806, Nashville was incorporated as a city and became the county seat of Davidson County, Tennessee. In 1843, the city was named as the permanent capital of the state of Tennessee; the city government of Nashville owned 24 slaves by 1831, 60 prior to the war. They were "put to work to build the first successful water system and maintain the streets." The cholera outbreak that struck Nashville in 1849–1850 took the life of former U. S. President James K. Polk. There were 311 deaths from cholera in 1849 and an estimated 316 to about 500 in 1850. By 1860, when the first rumblings of secession began to be heard across the South, antebellum Nashville was a prosperous city; the city's significance as a shipping port made it a desirable prize as a means of controlling important river and railroad transportation routes.
In February 1862, Nashville became the first state capital to fall to Union troops. The state was occupied by Union troops for the duration of the war; the Battle of Nashville was a significant Union victory and the most decisive tactical victory gained by either side in the war. Afterward, the Confederates conducted a war of attrition, making guerrilla raids and engaging in small skirmishes, with the Confederate forces in the Deep South constantly in retreat. In 1868, a few years after the Civil War, the Nashville chapter of the Ku Klux Klan was founded by Confederate veteran John W. Morton. Chapters of this secret insurgent group formed throughout the South. In 1873 Nashville suffered another cholera epidemic, as did towns throughout Sumner County along railroad routes and the Cumberland River. Meanwhile, the city had reclaimed its important shipping and trading position and developed a solid manufacturing base; the post–Civil War years of the late 19th century brought new prosperity to Nashville and Davidson County.
These healthy economic times left the city with a legacy of grand classical-style buildings, including the Parthenon in Centennial Park, near downtown. On April 30, 1892, Ephraim Grizzard, an African-American man, was lynched in a spectacle murder in front of a white mob of 10,000 in Nashville, his lynching was described by journalist Ida B. Wells as: "A naked, bloody example of the blood-thirstiness of the nineteenth century civilization of the Athens of the South." From 1877 to 1950, a total of six lynchings of blacks were conducted in Davidson County, most in the county seat of Nashville near the turn of the century. By the turn of the century, Nashville had become the cradle of the Lost Cause of the Confederacy, as the first chapter of the United Daughters of the Confederacy was founded here and the Confederate Veteran magazine was published here. Most "guardians of the Lost Cause" lived near Centennial Park. At the same time, Jefferson Street became the historic center of the African-American community.
It remained so until the federal government s
Bloomin' Brands, Inc. is a hospitality industry company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, where it is headquartered; the company was founded in August 1988 as Multi-Venture Partners, Inc. in Florida by Tim Gannon, Bob Basham, Chris Sullivan. In 1988 the first Outback Steakhouse was opened in Florida; the company went public in 1991 as a 49-restaurant chain and changed its name to Outback Steakhouse, Inc. The Carrabba's Italian Grill was launched in 1993; the company's international expansion began with the first Outback Steakhouse to open in Canada. Revenues for the company exceed $1 billion for the first time. In 1998 the first units of Roy's Restaurant, Fleming's Prime Steakhouse & Wine Bar, Lee Roy Selmon's open. Cheeseburger in Paradise was launched several years in 2002; the Wall Street Journal reported on November 7, 2006, that Bain Capital, Catterton Partners and founders Sullivan and Gannon, had reached an agreement to buy OSI Restaurant Partners Inc. for about $3 billion.
On April 1st 2019 David Deno will be Bloomin' Brands new CEO replacing Elizabeth Smith As of 2015, chains that the company owns and/or operates include: Abbraccio. Bonefish Grill Carrabba's Italian Grill Fleming's Prime Steakhouse & Wine Bar Outback SteakhouseThe company held the Cheeseburger in Paradise and Lee Roy Selmon's restaurant concepts. OSI opened Blue Coral Seafood & Spirits in 2006, planned 15 locations, they had opened two in California: one at Newport Beach in Orange County, a second in San Diego, until deciding to close in 2009. Prior to the company becoming OSI Restaurant Partners, LLC, Outback Steakhouse Inc. operated the Paul Lee's Chinese Kitchen and Zazarac brands. In 2001, OS Restaurant Partners and other national restaurants helped to raise $1 million for Dine Out for America for Victims of 9/11. Bloomin' Brands has a political action committee called Inc.. Political Action Committee which gives to both conservative and liberal and Democrat and Republican candidates; those on Congressional committees overseeing its business sector.
Bloomin' Brands, Inc. Political Action Committee is a PAC during the 2016 election; as of the most recent 2018 financial filing from the Federal Election Commission, the committee raised a total of $334,000 and spent a total of $301,000. During the 2017-18 period so far, as of the most recent financial filing from the Federal Election Commission, the committee contributed to a mix of Democrats and Republican candidates and committees, as well as specific business sector oriented PACS such as the National Restaurant Association PAC. Darden Restaurants Brinker International List of food companies Official website
Banking Act of 1935
The Banking Act of 1935 passed on August 19, 1935 and was signed into law by the president, Franklin D. Roosevelt, on August 23; the Act changed the structure and power distribution in the Federal Reserve System that began with the Banking Act of 1933. The Act contained three titles. Title I amended section 12B of the 1933 Act with regards to the creation of the Federal Deposit Insurance Corporation and its duties; the board of directors of the FDIC would include the Comptroller of Currency and two members selected by the President and confirmed by the Senate. They shall hold a term of 6 years and receive an annual salary of $10,000. Title I established the maximum insured deposit to be $5,000; the Act of 1935 made the FDIC permanent, included the following provisions: All accounts would be insured up to $5,000. At this time 98.5% of all deposits were under the $5,000 limit. This was a dramatic change from the initial guidelines under the 1933 act. All banks who were insured under the initial creation of the FDIC are still insured under the new permanent program.
All Federal Reserve member banks are required to participate in the FDIC. Smaller state banks, national banks who were not members of the Federal Reserve System and loan institutions and other similar organizations had differing requirements for participation. All banks who participated in the FDIC were able to advertise and place signage in their business stating that the deposits were insured by the FDIC; these signs are still displayed at local banks. Title II changed the name of the "Federal Reserve Board" to the "Board of Governors of the Federal Reserve System." The board consists of seven members selected by the President with consent of the Senate. Each member would serve a fourteen year term on the Board. Of those selected one member would be selected as chairman and one as vice-chairman each serving four years in that capacity. Title II creates a Federal Open Market Committee The membership of this committee will include the governors of the Federal Reserve System and five representatives of the Federal Reserve banks.
The Committee meets quarterly in Washington DC. The FOMC controls when Reserve Banks participate in open market operations. All such decisions go through the FOMC; the Act renewed the ability of each Federal Reserve bank to make loans to its member banks. The rates for these loans must be 0.5% above the current discount rate at the Federal Reserve. Title III included 46 sections of technical amendments; these included but were not limited to the rules of stock ownership, elimination of double liability, surplus requirements, rules for loans to executives, rules of branch banking, rules of securities transactions and the rights of shareholders. For a few years, there had been growing desire for changes to be made to the Federal Reserve Act. In 1934 Jacob Viner, was an assistant to the Treasury Secretary Henry Morgenthau, Jr. Viner chaired a committee tasked with determining what changes were needed to update the Federal Reserve Act. Marriner Stoddard Eccles became the governor of the Federal Reserve Board on November 15, 1934.
He dismissed the token reforms put forth by Viner and the committee. Eccles insisted that the two main goals of the new legislation were to "control speculation" and to "promote the stability of employment and business". To make this happen, Eccles wanted the Federal Reserve to become the Central Bank with concentrated power. Eccles proposed four key points to be included in the new legislation: Change the title and approval process for the bank's heads. On February 5, 1935, the "Administration banking bill", as it was titled, was given to the House Committee on Banking and Currency, it passed the House quickly and with all main points intact. In the Senate, the bill faced stiffer criticism from Carter Glass; the main sticking point was, to have the most control, the bankers or the politicians. The bill that passed the Senate was a compromise; the Act was signed into law by Franklin D. Roosevelt on August 23, 1935. Banking Act of 1935 at Federalreservehistory.org
Birmingham is a city located in the north central region of the U. S. state of Alabama. With an estimated 2017 population of 210,710, it is the most populous city in Alabama. Birmingham is the seat of Alabama's most populous and fifth largest county; as of 2017, the Birmingham-Hoover Metropolitan Statistical Area had a population of 1,149,807, making it the most populous in Alabama and 49th-most populous in the United States. Birmingham serves as an important regional hub and is associated with the Deep South and Appalachian regions of the nation. Birmingham was founded in 1871, during the post-Civil War Reconstruction era, through the merger of three pre-existing farm towns, most notably Elyton; the new city was named for Birmingham, the UK's second largest city and, at the time, a major industrial city. The Alabama city annexed smaller neighbors and developed as an industrial center, based on mining, the new iron and steel industry, rail transport. Most of the original settlers who founded Birmingham were of English ancestry.
The city was developed as a place where cheap, non-unionized immigrant labor, along with African-American labor from rural Alabama, could be employed in the city's steel mills and blast furnaces, giving it a competitive advantage over unionized industrial cities in the Midwest and Northeast. From its founding through the end of the 1960s, Birmingham was a primary industrial center of the southern United States, its growth from 1881 through 1920 earned it nicknames such as "The Magic City" and "The Pittsburgh of the South". Its major industries were steel production. Major components of the railroad industry and railroad cars, were manufactured in Birmingham. Since the 1860s, the two primary hubs of railroading in the "Deep South" have been Birmingham and Atlanta; the economy diversified in the latter half of the 20th century. Banking, telecommunications, electrical power transmission, medical care, college education, insurance have become major economic activities. Birmingham ranks as one of the largest banking centers in the U.
S. Also, it is among the most important business centers in the Southeast. In higher education, Birmingham has been the location of the University of Alabama School of Medicine and the University of Alabama School of Dentistry since 1947. In 1969 it gained the University of Alabama at Birmingham, one of three main campuses of the University of Alabama System, it is home to three private institutions: Samford University, Birmingham-Southern College, Miles College. The Birmingham area has major colleges of medicine, optometry, physical therapy, law and nursing; the city has three of the state's five law schools: Cumberland School of Law, Birmingham School of Law, Miles Law School. Birmingham is the headquarters of the Southwestern Athletic Conference and the Southeastern Conference, one of the major U. S. collegiate athletic conferences. Birmingham was founded on June 1, 1871, by the Elyton Land Company, whose investors included cotton planters and railroad entrepreneurs, it sold lots near the planned crossing of the Alabama & Chattanooga and South & North Alabama railroads, including land, a part of the Benjamin P. Worthington plantation.
The first business at that crossroads was the trading post and country store operated by Marre and Allen. The site of the railroad crossing was notable for its proximity to nearby deposits of iron ore and limestone – the three main raw materials used in making steel. Birmingham is the only place where significant amounts of all three minerals can be found in close proximity. From the start the new city was planned as a center of industry; the city's founders, organized as the Elyton Land Company, named it in honor of Birmingham, one of the world's premier industrial cities, to emphasize that point. The growth of the planned city was impeded by an outbreak of cholera and a Wall Street crash in 1873. Soon afterward, however, it began to develop at an explosive rate; the Tennessee Coal and Iron Company became the leading steel producer in the South by 1892. In 1907 U. S. Steel became the most important political and economic force in Birmingham, it resisted new industry, however. In 1911, the town of Elyton and several other surrounding towns were absorbed into Birmingham.
From the early 20th century, the city grew so it earned the sobriquet "The Magic City". The downtown was redeveloped from a low-rise commercial and residential district into a busy grid of neoclassical mid- and high-rise buildings crisscrossed by streetcar lines. Between 1902 and 1912, four large office buildings were constructed at the intersection of 20th Street, the central north-south spine of the city, 1st Avenue North, which connected the warehouses and industrial facilities along the east-west railroad corridor; this early group of skyscrapers was nicknamed the "Heaviest Corner on Earth". Birmingham was hit by the 1916 Irondale earthquake. A few buildings in the area were damaged; the earthquake was felt as far as Atlanta and neighboring states. While excluded from the best-paying industrial jobs, African Americans joined the migration of residents from rural areas to the city, drawn by economic opportunity; the Great Depression of the 1930s struck Birmingham hard, as the sources of capital fueling the city's growth dried up at the same time farm laborers, driven off the land, made their way to the city in search of work.
Hundreds poured into many riding in empty boxcars. "Hobo jungles" were established in Boyles, the Twenty-fourth Street Viaduct, G