1.
Chicago
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Chicago, officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois, and it is the county seat of Cook County. In 2012, Chicago was listed as a global city by the Globalization and World Cities Research Network. Chicago has the third-largest gross metropolitan product in the United States—about $640 billion according to 2015 estimates, the city has one of the worlds largest and most diversified economies with no single industry employing more than 14% of the workforce. In 2016, Chicago hosted over 54 million domestic and international visitors, landmarks in the city include Millennium Park, Navy Pier, the Magnificent Mile, Art Institute of Chicago, Museum Campus, the Willis Tower, Museum of Science and Industry, and Lincoln Park Zoo. Chicagos culture includes the arts, novels, film, theater, especially improvisational comedy. Chicago also has sports teams in each of the major professional leagues. The city has many nicknames, the best-known being the Windy City, the name Chicago is derived from a French rendering of the Native American word shikaakwa, known to botanists as Allium tricoccum, from the Miami-Illinois language. The first known reference to the site of the current city of Chicago as Checagou was by Robert de LaSalle around 1679 in a memoir, henri Joutel, in his journal of 1688, noted that the wild garlic, called chicagoua, grew abundantly in the area. In the mid-18th century, the area was inhabited by a Native American tribe known as the Potawatomi, the first known non-indigenous permanent settler in Chicago was Jean Baptiste Point du Sable. Du Sable was of African and French descent and arrived in the 1780s and he is commonly known as the Founder of Chicago. In 1803, the United States Army built Fort Dearborn, which was destroyed in 1812 in the Battle of Fort Dearborn, the Ottawa, Ojibwe, and Potawatomi tribes had ceded additional land to the United States in the 1816 Treaty of St. Louis. The Potawatomi were forcibly removed from their land after the Treaty of Chicago in 1833, on August 12,1833, the Town of Chicago was organized with a population of about 200. Within seven years it grew to more than 4,000 people, on June 15,1835, the first public land sales began with Edmund Dick Taylor as U. S. The City of Chicago was incorporated on Saturday, March 4,1837, as the site of the Chicago Portage, the city became an important transportation hub between the eastern and western United States. Chicagos first railway, Galena and Chicago Union Railroad, and the Illinois, the canal allowed steamboats and sailing ships on the Great Lakes to connect to the Mississippi River. A flourishing economy brought residents from rural communities and immigrants from abroad, manufacturing and retail and finance sectors became dominant, influencing the American economy. The Chicago Board of Trade listed the first ever standardized exchange traded forward contracts and these issues also helped propel another Illinoisan, Abraham Lincoln, to the national stage
2.
Federal Reserve System
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The Federal Reserve System is the central banking system of the United States. Over the years, events such as the Great Depression in the 1930s, the U. S. Congress established three key objectives for monetary policy in the Federal Reserve Act, maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserves dual mandate. S, the Fed conducts research into the economy and releases numerous publications, such as the Beige Book. S. member banks, and various advisory councils. The federal government sets the salaries of the seven governors. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, thus, the Federal Reserve System has both private and public components to serve the interests of the public and private banks. The structure is considered unique among central banks and it is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used. The U. S. Government receives all the annual profits, after a statutory dividend of 6% on member banks capital investment is paid. In 2015, the Federal Reserve made a profit of $100.2 billion, the primary motivation for creating the Federal Reserve System was to address banking panics. Before the founding of the Federal Reserve System, the United States underwent several financial crises, a particularly severe crisis in 1907 led Congress to enact the Federal Reserve Act in 1913. Today the Federal Reserve System has responsibilities in addition to ensuring the stability of the financial system. S. S and this practice is called fractional-reserve banking. As a result, banks usually invest the majority of the funds received from depositors, on rare occasions, too many of the banks customers will withdraw their savings and the bank will need help from another institution to continue operating, this is called a bank run. Bank runs can lead to a multitude of social and economic problems, the Federal Reserve System was designed as an attempt to prevent or minimize the occurrence of bank runs, and possibly act as a lender of last resort when a bank run does occur. Many economists, following Milton Friedman, believe that the Federal Reserve inappropriately refused to lend money to banks during the bank runs of 1929. Because some banks refused to clear checks from certain others during times of economic uncertainty, to address these problems, Congress gave the Federal Reserve System the authority to establish a nationwide check-clearing system. It took over this role from the private sector clearing houses which operated during the Free Banking Era, whether public or private, through its discount window and credit operations, Reserve Banks provide liquidity to banks to meet short-term needs stemming from seasonal fluctuations in deposits or unexpected withdrawals. Longer term liquidity may also be provided in exceptional circumstances, the rate the Fed charges banks for these loans is called the discount rate. By making these loans, the Fed serves as a buffer against unexpected day-to-day fluctuations in reserve demand and this contributes to the effective functioning of the banking system, alleviates pressure in the reserves market and reduces the extent of unexpected movements in the interest rates. For example, on September 16,2008, the Federal Reserve Board authorized an $85 billion loan to stave off the bankruptcy of international insurance giant American International Group
3.
Central bank
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A central bank, reserve bank, or monetary authority is an institution that manages a states currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries, Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists, prior to the 17th century most money was commodity money, typically gold or silver. However, promises to pay were widely circulated and accepted as value at least five hundred years earlier in both Europe and Asia. The Song dynasty was the first to issue generally circulating paper currency, in 1455, in an effort to control inflation, the succeeding Ming Dynasty ended the use of paper money and closed much of Chinese trade. The Bank of Amsterdam, established in the Dutch Republic in 1609, is considered to be the forerunner to modern central banks. The Wisselbanks innovations helped lay the foundations for the birth and development of the banking system that now plays a vital role in the worlds economy. Along with a number of local banks, it performed many functions of a central banking system. Lucien Gillard calls it the European guilder, and Adam Smith devotes many pages to explaining how the bank guilder works, the model of the Wisselbank as a state bank was adapted throughout Europe, including the Bank of Sweden and the Bank of England. Established by Dutch-Latvian Johan Palmstruch in 1668, Sveriges Riksbank is often considered by many as the worlds oldest central bank, the lenders would give the government cash and also issue notes against the government bonds, which could be lent again. A Royal Charter was granted on 27 July through the passage of the Tonnage Act 1694, the bank was given exclusive possession of the governments balances, and was the only limited-liability corporation allowed to issue banknotes. The £1. 2M was raised in 12 days, half of this was used to rebuild the Navy and these modern central banking functions evolved slowly through the 18th and 19th centuries. The currency crisis of 1797, caused by panicked depositors withdrawing from the Bank led to the government suspending convertibility of notes into specie payment. The bank was accused by the bullionists of causing the exchange rate to fall from over issuing banknotes. Nevertheless, it was clear that the Bank was being treated as an organ of the state, henry Thornton, a merchant banker and monetary theorist has been described as the father of the modern central bank. An opponent of the real bills doctrine, he was a defender of the bullionist position, thorntons process of monetary expansion anticipated the theories of Knut Wicksell regarding the cumulative process which restates the Quantity Theory in a theoretically coherent form. Until the mid-nineteenth century, commercial banks were able to issue their own banknotes, many consider the origins of the central bank to lie with the passage of the Bank Charter Act of 1844. Under this law, authorisation to issue new banknotes was restricted to the Bank of England, at the same time, the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt
4.
Illinois
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Illinois is a state in the midwestern region of the United States, achieving statehood in 1818. It is the 6th most populous state and 25th largest state in terms of land area, the word Illinois comes from a French rendering of a native Algonquin word. For decades, OHare International Airport has been ranked as one of the worlds busiest airports, Illinois has long had a reputation as a bellwether both in social and cultural terms and politics. With the War of 1812 Illinois growth slowed as both Native Americans and Canadian forces often raided the American Frontier, mineral finds and timber stands also had spurred immigration—by the 1810s, the Eastern U. S. Railroads arose and matured in the 1840s, and soon carried immigrants to new homes in Illinois, as well as being a resource to ship their commodity crops out to markets. Railroads freed most of the land of Illinois and other states from the tyranny of water transport. By 1900, the growth of jobs in the northern cities and coal mining in the central and southern areas attracted a new group of immigrants. Illinois was an important manufacturing center during both world wars, the Great Migration from the South established a large community of African Americans in Chicago, who created the citys famous jazz and blues cultures. Three U. S. presidents have been elected while living in Illinois, Abraham Lincoln, Ulysses S. Grant, additionally, Ronald Reagan, whose political career was based in California, was the only U. S. president born and raised in Illinois. Today, Illinois honors Lincoln with its official slogan, Land of Lincoln. The Abraham Lincoln Presidential Library and Museum is located in the capital of Springfield. Illinois is the spelling for the early French Catholic missionaries and explorers name for the Illinois Native Americans. American scholars previously thought the name Illinois meant man or men in the Miami-Illinois language and this etymology is not supported by the Illinois language, as the word for man is ireniwa and plural men is ireniwaki. The name Illiniwek has also said to mean tribe of superior men. The name Illinois derives from the Miami-Illinois verb irenwe·wa he speaks the regular way and this was taken into the Ojibwe language, perhaps in the Ottawa dialect, and modified into ilinwe·. The French borrowed these forms, changing the ending to spell it as -ois. The current spelling form, Illinois, began to appear in the early 1670s, the Illinois name for themselves, as attested in all three of the French missionary-period dictionaries of Illinois, was Inoka, of unknown meaning and unrelated to the other terms. American Indians of successive cultures lived along the waterways of the Illinois area for thousands of years before the arrival of Europeans, the Koster Site has been excavated and demonstrates 7,000 years of continuous habitation
5.
Indiana
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Indiana /ɪndiˈænə/ is a U. S. state located in the midwestern and Great Lakes regions of North America. Indiana is the 38th largest by area and the 16th most populous of the 50 United States and its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th U. S. state on December 11,1816, before becoming a territory, varying cultures of indigenous peoples and historic Native Americans inhabited Indiana for thousands of years. Indiana has an economy with a gross state product of $298 billion in 2012. Indiana has several areas with populations greater than 100,000. The states name means Land of the Indians, or simply Indian Land and it also stems from Indianas territorial history. On May 7,1800, the United States Congress passed legislation to divide the Northwest Territory into two areas and named the section the Indiana Territory. In 1816, when Congress passed an Enabling Act to begin the process of establishing statehood for Indiana, a resident of Indiana is officially known as a Hoosier. The first inhabitants in what is now Indiana were the Paleo-Indians, divided into small groups, the Paleo-Indians were nomads who hunted large game such as mastodons. They created stone tools made out of chert by chipping, knapping and flaking, the Archaic period, which began between 5000 and 4000 BC, covered the next phase of indigenous culture. The people developed new tools as well as techniques to cook food, such new tools included different types of spear points and knives, with various forms of notches. They made ground-stone tools such as axes, woodworking tools. During the latter part of the period, they built mounds and middens. The Archaic period ended at about 1500 BC, although some Archaic people lived until 700 BC, afterward, the Woodland period took place in Indiana, where various new cultural attributes appeared. During this period, the people created ceramics and pottery, an early Woodland period group named the Adena people had elegant burial rituals, featuring log tombs beneath earth mounds. In the middle portion of the Woodland period, the Hopewell people began developing long-range trade of goods, nearing the end of the stage, the people developed highly productive cultivation and adaptation of agriculture, growing such crops as corn and squash. The Woodland period ended around 1000 AD, the Mississippian culture emerged, lasting from 1000 until the 15th century, shortly before the arrival of Europeans. During this stage, the people created large urban settlements designed according to their cosmology, with mounds and plazas defining ceremonial
6.
Wisconsin
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Wisconsin is a U. S. state located in the north-central United States, in the Midwest and Great Lakes regions. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, Wisconsin is the 23rd largest state by total area and the 20th most populous. The state capital is Madison, and its largest city is Milwaukee, the state is divided into 72 counties. Wisconsin is second to Michigan in the length of its Great Lakes coastline, Wisconsin is known as Americas Dairyland because it is one of the nations leading dairy producers, particularly famous for its cheese. Manufacturing, especially paper products, information technology, and tourism are major contributors to the states economy. The word Wisconsin originates from the given to the Wisconsin River by one of the Algonquian-speaking Native American groups living in the region at the time of European contact. French explorer Jacques Marquette was the first European to reach the Wisconsin River, arriving in 1673, subsequent French writers changed the spelling from Meskousing to Ouisconsin, and over time this became the name for both the Wisconsin River and the surrounding lands. English speakers anglicized the spelling from Ouisconsin to Wisconsin when they began to arrive in numbers during the early 19th century. The legislature of Wisconsin Territory made the current spelling official in 1845, the Algonquin word for Wisconsin and its original meaning have both grown obscure. Interpretations vary, but most implicate the river and the red sandstone that lines its banks, other theories include claims that the name originated from one of a variety of Ojibwa words meaning red stone place, where the waters gather, or great rock. Wisconsin has been home to a variety of cultures over the past 12,000 years. The first people arrived around 10,000 BCE during the Wisconsin Glaciation and these early inhabitants, called Paleo-Indians, hunted now-extinct ice age animals such as the Boaz mastodon, a prehistoric mastodon skeleton unearthed along with spear points in southwest Wisconsin. After the ice age ended around 8000 BCE, people in the subsequent Archaic period lived by hunting, fishing, agricultural societies emerged gradually over the Woodland period between 1000 BCE to 1000 CE. Toward the end of period, Wisconsin was the heartland of the Effigy Mound culture. Later, between 1000 and 1500 CE, the Mississippian and Oneota cultures built substantial settlements including the village at Aztalan in southeast Wisconsin. The Oneota may be the ancestors of the modern Ioway and Ho-Chunk tribes who shared the Wisconsin region with the Menominee at the time of European contact, the first European to visit what became Wisconsin was probably the French explorer Jean Nicolet. He canoed west from Georgian Bay through the Great Lakes in 1634, pierre Radisson and Médard des Groseilliers visited Green Bay again in 1654–1666 and Chequamegon Bay in 1659–1660, where they traded for fur with local Native Americans. In 1673, Jacques Marquette and Louis Jolliet became the first to record a journey on the Fox-Wisconsin Waterway all the way to the Mississippi River near Prairie du Chien
7.
Iowa
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Iowa is a U. S. state in the Midwestern United States, bordered by the Mississippi River on the east and the Missouri River and the Big Sioux River on the west. Surrounding states include Wisconsin and Illinois to the east, Missouri to the south, Nebraska and South Dakota to the west, in colonial times, Iowa was a part of French Louisiana and Spanish Louisiana, its state flag is patterned after the flag of France. After the Louisiana Purchase, people laid the foundation for an economy in the heart of the Corn Belt. Iowa is the 26th most extensive in area and the 30th most populous of the 50 United States. Its capital and largest city by population is Des Moines, Iowa has been listed as one of the safest states in which to live. Its nickname is the Hawkeye State, Iowa derives its name from the Ioway people, one of the many Native American tribes that occupied the state at the time of European exploration. Iowa is bordered by the Mississippi River on the east, the Missouri River and the Big Sioux River on the west, Iowa is the only state whose east and west borders are formed entirely by rivers. Iowa has 99 counties, but 100 county seats because Lee County has two, the state capital, Des Moines, is in Polk County. Iowas bedrock geology generally increases in age from west to east, in northwest Iowa, Cretaceous bedrock can be 74 million years old, in eastern Iowa Cambrian bedrock dates to c.500 million years ago. Iowa is generally not flat, most of the consists of rolling hills. Iowa can be divided into eight landforms based on glaciation, soils, topography, Loess hills lie along the western border of the state, some of which are several hundred feet thick. Northeast Iowa along the Mississippi River is part of the Driftless Zone, consisting of steep hills, several natural lakes exist, most notably Spirit Lake, West Okoboji Lake, and East Okoboji Lake in northwest Iowa. To the east lies Clear Lake, man-made lakes include Lake Odessa, Saylorville Lake, Lake Red Rock, Coralville Lake, Lake MacBride, and Rathbun Lake. The states northwest area has remnants of the once common wetlands. Iowas natural vegetation is tallgrass prairie and savanna in areas, with dense forest and wetlands in flood plains and protected river valleys. Most of Iowa is used for agriculture, crops cover 60% of the state, grasslands cover 30%, as of 2005 Iowa ranked 49th of U. S. states in public land holdings. Endangered or threatened plants include western prairie fringed orchid, eastern prairie fringed orchid, Meads milkweed, prairie bush clover, the explosion in the number of high-density livestock facilities in Iowa has led to increased rural water contamination and a decline in air quality. Iowa has a continental climate throughout the state
8.
Federal Reserve Note
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Federal Reserve Notes, also United States banknotes or U. S. banknotes, are the banknotes currently used in the United States of America. Denominated in United States dollars, Federal Reserve Notes are printed by the United States Bureau of Engraving and Printing on paper made by Crane & Co. of Dalton, Federal Reserve Notes are the only type of U. S. banknote currently produced. The notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks, Federal Reserve Notes are legal tender, with the words this note is legal tender for all debts, public and private printed on each note. They have replaced United States Notes, which were issued by the Treasury Department. Federal Reserve Notes are backed by the assets of the Federal Reserve Banks and these assets are generally Treasury securities which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called debt monetizing. This monetized debt can increase the supply, either with the issuance of new Federal Reserve Notes or with the creation of debt money. This increase in the base leads to a larger increase in the money supply through fractional-reserve banking as deposits are lent. Prior to centralized banking, each bank issued its own notes. The first institution with responsibilities of a bank in the U. S. was the First Bank of the United States. Its charter was not renewed in 1811, in 1816, the Second Bank of the United States was chartered, its charter was not renewed in 1836, after President Andrew Jackson campaigned heavily for its disestablishment. From 1837 to 1862, in the Free Banking Era there was no central bank. From 1862 to 1913, a system of banks was instituted by the 1863 National Banking Act. The first printed notes were Series 1914, in 1928, cost-cutting measures were taken to reduce the note to the size it is today. The authority of the Federal Reserve Banks to issue notes comes from the Federal Reserve Act of 1913, legally, they are liabilities of the Federal Reserve Banks and obligations of the United States government. Although not issued by the Treasury Department, Federal Reserve Notes carry the signature of the Treasurer of the United States, at the time of the Federal Reserves creation, the law provided for notes to be redeemed to the Treasury in gold or lawful money. The Emergency Banking Act of 1933 removed the gold obligation and authorized the Treasury to satisfy these redemption demands with current notes of equal face value, under the Bretton Woods system, although citizens could not possess gold, the federal government continued to maintain a stable international gold price. This system ended with the Nixon Shock of 1971, present-day Federal Reserve Notes are not backed by convertibility to any specific commodity, but only by the collateral assets that Federal Reserve Banks post in order to obtain them. Series 1914 FRN were the first of two large-size issues, denominations were $5, $10, $20, $50, and $100 printed first with a red seal and then continued with a blue seal
9.
Money bag
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A money bag is a bag of money used to hold and transport coins and banknotes from/to a mint, bank, ATM, vending machine, business, or other institution. Money bags are transported in an armored car or a money train and, in the past. Crumillospongia is a genus of middle Cambrian sponge named after its similarity to a small leathery money purse, according to the account given in the Bibles Gospel of John, Judas Iscariot carried the disciples money bag. During the Roman era, the Legio IV Scythica was camped in Zeugma, excavations carried out in the city revealed 65,000 seal imprints found in a place which is believed to serve as the archives for the customs of ancient Zeugma. Charons obol, a custom originating in ancient Greece whereby a coin is placed with a corpse, in the 3rd-4th century AD in Western Europe, were often found in pouches. From the Middle Ages to around 1900, Rottweiler dogs were used by travelling butchers at markets to guard money pouches tied around their necks. Beginning in the 14th century, purses of money were awarded to scholars during the Revathi Pattathanam, in 16th century feudal Japan, samurai wore uchi-bukuro around the waist or neck. In 1620, pediatric tracheotomy was unheard of until a boy tried to hide a bag of gold by swallowing it and it became lodged in his esophagus and blocked his trachea. The tracheotomy allowed the surgeon to manipulate the bag and it to pass through his system, in September 1864, Rose ONeal Greenhow, a Confederate agent, drowned with a bag of gold around her neck after leaving the Condor in a boat. A wealthy person can have the nickname moneybag, marcus Licinius Crassus, a leading Roman politician in his day, was known in Rome as Dives, meaning The Rich or Moneybags. Ivan I of Moscow was a Russian Grand Prince of Moscow from 1328-1341 who was famous for being generous with his wealth. American Cardinal Francis Spellman was sometimes called Cardinal Moneybags in his later life, miss Moneybags is a fictional character in the 1915 Charlie Chaplin silent comedy film The Count. James Edward Baron of Edgerton Hansons billion-dollar empire earned him the nickname Lord Moneybags, another fictional character, Victor Newman of The Young and the Restless soap opera, has also been called Moneybags. Money bags have been represented in art and culture throughout history, including paintings, literature, film, television, games. A leno, a theatre of ancient Rome stock character, is depicted carrying a money bag. Lugus, another god worshipped by Celtic people and identified with Mercury, around 1130, Hugh of St. Victors Chronicas preface refers to a money bag, with its compartments, as a memory training analogy. In the 16th century, The Conjurer, a painting by Hieronymus Bosch, around 1791, James Gillray published a cartoon about reaction to the Boydell Shakespeare Gallery labelled Boydell sacrificing the Works of Shakespeare to the Devil of Money-Bags. The Apotheosis of Washington, a fresco in the dome in the rotunda of the United States Capitol Building that contains a scene with the Roman god Mercury holding a bag of gold
10.
Ann Arbor, Michigan
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Ann Arbor is a city in the U. S. state of Michigan and the county seat of Washtenaw County. The 2010 census recorded its population to be 113,934, the citys population was estimated at 117,070 as of July 2015 by the U. S. Census Bureau. The Ann Arbor Metropolitan Statistical Area includes all of Washtenaw County, the city is also part of the larger Detroit–Ann Arbor–Flint, MI Combined Statistical Area with a population of 5,318,744. Ann Arbor was founded in 1824, named for wives of the villages founders, the University of Michigan moved from Detroit to Ann Arbor in 1837, and the city grew at a rapid rate in the early to mid-20th century. During the 1960s and 1970s, the city gained a reputation as a center for left-wing politics, Ann Arbor became a focal point for political activism and anti-Vietnam War movement, as well as various student movements. Ann Arbor is home to the University of Michigan, one of the foremost research universities in the United States, the university shapes Ann Arbors economy significantly as it employs about 30,000 workers, including about 12,000 in the medical center. The citys economy is centered on high technology, with several companies drawn to the area by the universitys research and development infrastructure. In about 1774, the Potawatomi founded two villages in the area of what is now Ann Arbor, Ann Arbor was founded in 1824 by land speculators John Allen and Elisha Walker Rumsey. On 25 May 1824, the plat was registered with Wayne County as Annarbour. Allen and Rumsey decided to name it for their wives, both named Ann, and for the stands of Bur Oak in the 640 acres of land purchased for $800 from the federal government at $1.25 per acre. The local Ojibwa named the settlement kaw-goosh-kaw-nick, after the sound of Allens sawmill, Ann Arbor became the seat of Washtenaw County in 1827, and was incorporated as a village in 1833. The Ann Arbor Land Company, a group of speculators, set aside 40 acres of undeveloped land and offered it to the state of Michigan as the site of the state capital, but lost the bid to Lansing. In 1837, the property was accepted instead as the site of the University of Michigan, since the universitys establishment in the city in 1837, the histories of the University of Michigan and Ann Arbor have been closely linked. Throughout the 1840s and the 1850s settlers continued to come to Ann Arbor, while the earlier settlers were primarily of British ancestry, the newer settlers also consisted of Germans, Irish, and African-Americans. In 1851, Ann Arbor was chartered as a city, though the city showed a drop in population during the Depression of 1873. It was not until the early 1880s that Ann Arbor again saw robust growth, with new immigrants coming from Greece, Italy, Russia, Ann Arbor saw increased growth in manufacturing, particularly in milling. Ann Arbors Jewish community also grew after the turn of the 20th century, during the 1960s and 1970s, the city gained a reputation as an important center for liberal politics. Ann Arbor also became a locus for left-wing activism and anti-Vietnam War movement, during the ensuing 15 years, many countercultural and New Left enterprises sprang up and developed large constituencies within the city
11.
Schaumburg, Illinois
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Schaumburg /ˈʃɔːmbərɡ/ is a village located in Cook County in northeastern Illinois, United States. The village is a suburb of Chicago and is part of the Golden Corridor. Schaumburg is located roughly 28 miles northwest of the Chicago Loop, as of the 2010 census, the village had a total population of 74,227. The village contains one of only two IKEA stores in Illinois and it contains the Woodfield Mall, the 11th largest mall in The United States according to List of largest shopping malls in the United States, which at most times has over 300 stores. By the mid-nineteenth century, settlers first began to arrive from Germany, legend has it that one of the earliest settler was Trumball Kent from Oswego, New York. Kent, a Yankee, as settlers from New England were called in the west, another Yankee was Horace Williams, who owned substantial lands but lived in the hamlet of Palatine in Palatine Township. Ernst Schween settled in 1835 not far from used to be called Olde Schaumburg Centre. Another early settler in Schaumburg Township was German-born Johann Sunderlage, according to one legend, Sunderlage was a member of a survey team that divided Cook County into townships around 1833, or, according to another legend, he worked on a survey team on the Joliet canal. His home still stands in its original location, Sunderlage and his family occupied their land in the township until the federal land sale of 1842 allowed them to buy the property and obtain the deed. Sunderlage and Kent represented the predominant groups that settled Schaumburg Township in its early days, in 1840,56 percent of the township households originated from the eastern United States, while 28 percent were German-born. By the 1850s, the mix had changed to 28 percent Yankee and 48 percent German. By 1870, Schaumburg Township had become completely German, land records show that most of the property in the township was owned by German immigrants or their descendants. This pattern emerged as many Yankee settlers continued to travel west for the promise of newly opened lands on the Great Plains, the land they owned in Schaumburg was then purchased by German-born immigrants. Schaumburg Township remained almost exclusively under German ownership until the Great Depression of the 1930s, the Depression caused the foreclosure on some German-owned farms which were then purchased by non-German individuals and companies. Nonetheless, German heritage remained important in the area, German was the first language of the majority of households until the 1950s. St. Peter Lutheran Church, the communitys oldest Christian church, had services in German as late as 1970, the church remains as a museum, as does the second church of this congregation. The pastor was Francis Hoffman, who walked from the Bensenville area to hold the Christian religious meetings in Schaumburg and he later served as Lieutenant Governor of Illinois. When he retired from the ministry, he moved to Wisconsin where he operated an experimental farm
12.
Ford Motor Company
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The Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16,1903, the company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer, Troller, and Australian performance car manufacturer FPV, in the past, it has also produced tractors and automotive components. Ford owns an 8% stake in Aston Martin of the United Kingdom, and it also has a number of joint-ventures, one in China, one in Taiwan, one in Thailand, one in Turkey, and one in Russia. It is listed on the New York Stock Exchange and is controlled by the Ford family, Fords former UK subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000 respectively, were sold to Tata Motors in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010, in 2011, Ford discontinued the Mercury brand, under which it had marketed entry-level luxury cars in the United States, Canada, Mexico, and the Middle East since 1938. During the financial crisis at the beginning of the 21st century, it was close to bankruptcy, Ford is the second-largest U. S. -based automaker and the fifth-largest in the world based on 2015 vehicle production. At the end of 2010, Ford was the fifth largest automaker in Europe, Ford is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion. In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants, the company went public in 1956 but the Ford family, through special Class B shares, still retain 40 percent voting rights. The Ford Motor Company was launched in a factory in 1903 with $28,000 in cash from twelve investors, most notably John. During its early years, the company produced just a few cars a day at its factory on Mack Avenue and later its factory on Piquette Avenue in Detroit, Michigan. Groups of two or three men worked on car, assembling it from parts made mostly by supplier companies contracting for Ford. Henry Ford was 39 years old when he founded the Ford Motor Company and it has been in continuous family control for over 100 years and is one of the largest family-controlled companies in the world. The first gasoline powered automobile had been created in 1885 by the German inventor Carl Benz, between 1903 and 1908, Ford produced the Models A, B, C, F, K, N, R, and S. Hundreds or a few thousand of most of these were sold per year, in 1908, Ford introduced the mass-produced Model T, which totalled millions sold over nearly 20 years. In 1927, Ford replaced the T with the Model A, Ford launched the first low-priced car with a V8 engine in 1932. In an attempt to compete with General Motors mid-priced Pontiac, Oldsmobile, Henry Ford purchased the Lincoln Motor Company in 1922, in order to compete with such brands as Cadillac and Packard for the luxury segment of the automobile market. The creation of a laboratory in Dearborn, Michigan in 1951, doing unfettered basic research
