Trinity College, Cambridge
Trinity College is a constituent college of the University of Cambridge in England. With around 600 undergraduates, 300 graduates, over 180 fellows, it is the largest college in either of the Oxbridge universities by number of undergraduates. In terms of total student numbers, it is second only to Cambridge. Members of Trinity have won 33 Nobel Prizes out of the 116 won by members of Cambridge University, the highest number of any college at either Oxford or Cambridge. Five Fields Medals in mathematics were won by members of the college and one Abel Prize was won. Trinity alumni include six British prime ministers, physicists Isaac Newton, James Clerk Maxwell, Ernest Rutherford and Niels Bohr, mathematician Srinivasa Ramanujan, the poet Lord Byron, historian Lord Macaulay, philosophers Ludwig Wittgenstein and Bertrand Russell, Soviet spies Kim Philby, Guy Burgess, Anthony Blunt. Two members of the British royal family have studied at Trinity and been awarded degrees as a result: Prince William of Gloucester and Edinburgh, who gained an MA in 1790, Prince Charles, awarded a lower second class BA in 1970.
Other royal family members have studied there without obtaining degrees, including King Edward VII, King George VI, Prince Henry, Duke of Gloucester. Trinity has many college societies, including the Trinity Mathematical Society, the oldest mathematical university society in the United Kingdom, the First and Third Trinity Boat Club, its rowing club, which gives its name to the college's May Ball. Along with Christ's, King's and St John's colleges, it has provided several of the well known members of the Apostles, an intellectual secret society. In 1848, Trinity hosted the meeting at which Cambridge undergraduates representing private schools such as Westminster drew up an early codification of the rules of football, known as the Cambridge Rules. Trinity's sister college in Oxford is Christ Church. Like that college, Trinity has been linked with Westminster School since the school's re-foundation in 1560, its Master is an ex officio governor of the school; the college was founded by Henry VIII in 1546, from the merger of two existing colleges: Michaelhouse, King's Hall.
At the time, Henry had been seizing church lands from monasteries. The universities of Oxford and Cambridge, being both religious institutions and quite rich, expected to be next in line; the King duly passed an Act of Parliament. The universities used their contacts to plead with Catherine Parr; the Queen persuaded her husband not to create a new college. The king did not want to use royal funds, so he instead combined two colleges and seven hostels namely Physwick, Gregory's, Ovyng's, Catherine's, Margaret's and Tyler's, to form Trinity. Contrary to popular belief, the monastic lands granted by Henry VIII were not on their own sufficient to ensure Trinity's eventual rise. In terms of architecture and royal association, it was not until the Mastership of Thomas Nevile that Trinity assumed both its spaciousness and its courtly association with the governing class that distinguished it since the Civil War. In its infancy Trinity had owed a great deal to its neighbouring college of St John's: in the exaggerated words of Roger Ascham Trinity was little more than a colonia deducta.
Its first four Masters were educated at St John's, it took until around 1575 for the two colleges' application numbers to draw a position in which they have remained since the Civil War. In terms of wealth, Trinity's current fortunes belie prior fluctuations. Bentley himself was notorious for the construction of a hugely expensive staircase in the Master's Lodge, for his repeated refusals to step down despite pleas from the Fellows. Most of the Trinity's major buildings date from the 17th centuries. Thomas Nevile, who became Master of Trinity in 1593, redesigned much of the college; this work included the enlargement and completion of Great Court, the construction of Nevile's Court between Great Court and the river Cam. Nevile's Court was completed in the late 17th century when the Wren Library, designed by Christopher Wren, was built. In the 20th century, Trinity College, St John's College and King's College were for decades the main recruiting grounds for the Cambridge Apostles, an elite, intellectual secret society.
In 2011, the John Templeton Foundation awarded Trinity College's Master, the astrophysicist Martin Rees, its controversial million-pound Templeton Prize, for "affirming life's spiritual dimension". Trinity is the richest Oxbridge college, with a landholding alone worth £800 million. Trinity is sometimes suggested to be the second, third or fourth wealthiest landowner in the UK – after the Crown Estate, the National Trust and the Church of England. In 2005, Trinity's annual rental income from its properties was reported to be in excess of £20 million. Trinity owns: 3400 acres housing facilities at the Port of Felixstowe, Britain's busiest container port the Cambridge Science Park the O2 Arena in London Lord Byron purportedly kept a pe
Central Intelligence Agency
The Central Intelligence Agency is a civilian foreign intelligence service of the federal government of the United States, tasked with gathering and analyzing national security information from around the world through the use of human intelligence. As one of the principal members of the United States Intelligence Community, the CIA reports to the Director of National Intelligence and is focused on providing intelligence for the President and Cabinet of the United States. Unlike the Federal Bureau of Investigation, a domestic security service, the CIA has no law enforcement function and is focused on overseas intelligence gathering, with only limited domestic intelligence collection. Though it is not the only agency of the Federal government of the United States specializing in HUMINT, the CIA serves as the national manager for coordination of HUMINT activities across the U. S. intelligence community. Moreover, the CIA is the only agency authorized by law to carry out and oversee covert action at the behest of the President.
It exerts foreign political influence through its tactical divisions, such as the Special Activities Division. Before the Intelligence Reform and Terrorism Prevention Act of 2004, the CIA Director concurrently served as the head of the Intelligence Community. Despite transferring some of its powers to the DNI, the CIA has grown in size as a result of the September 11 attacks. In 2013, The Washington Post reported that in fiscal year 2010, the CIA had the largest budget of all IC agencies, exceeding previous estimates; the CIA has expanded its role, including covert paramilitary operations. One of its largest divisions, the Information Operations Center, has shifted focus from counter-terrorism to offensive cyber-operations; when the CIA was created, its purpose was to create a clearinghouse for foreign policy intelligence and analysis. Today its primary purpose is to collect, analyze and disseminate foreign intelligence, to perform covert actions. According to its fiscal 2013 budget, the CIA has five priorities: Counterterrorism, the top priority Nonproliferation of nuclear and other weapons of mass destruction.
Warning/informing American leaders of important overseas events. Counterintelligence Cyber intelligence; the CIA has an executive office and five major directorates: The Directorate of Digital Innovation The Directorate of Analysis The Directorate of Operations The Directorate of Support The Directorate of Science and Technology The Director of the Central Intelligence Agency is appointed by the President with Senate confirmation and reports directly to the Director of National Intelligence. The Deputy Director is formally appointed by the Director without Senate confirmation, but as the President's opinion plays a great role in the decision, the Deputy Director is considered a political position, making the Chief Operating Officer the most senior non-political position for CIA career officers; the Executive Office supports the U. S. military by providing it with information it gathers, receiving information from military intelligence organizations, cooperates on field activities. The Executive Director is in charge of the day-to-day operation of the CIA.
Each branch of the military service has its own Director. The Associate Director of military affairs, a senior military officer, manages the relationship between the CIA and the Unified Combatant Commands, who produce and deliver to the CIA regional/operational intelligence and consume national intelligence produced by the CIA; the Directorate of Analysis, through much of its history known as the Directorate of Intelligence, is tasked with helping "the President and other policymakers make informed decisions about our country's national security" by looking "at all the available information on an issue and organiz it for policymakers". The Directorate has four regional analytic groups, six groups for transnational issues, three that focus on policy and staff support. There is an office dedicated to Iraq; the Directorate of Operations is responsible for collecting foreign intelligence, for covert action. The name reflects its role as the coordinator of human intelligence activities between other elements of the wider U.
S. intelligence community with their own HUMINT operations. This Directorate was created in an attempt to end years of rivalry over influence and budget between the United States Department of Defense and the CIA. In spite of this, the Department of Defense organized its own global clandestine intelligence service, the Defense Clandestine Service, under the Defense Intelligence Agency; this Directorate is known to be organized by geographic regions and issues, but its precise organization is classified. The Directorate of Science & Technology was established to research and manage technical collection disciplines and equipment. Many of its innovations were transferred to other intelligence organizations, or, as they became more overt, to the military services. For example, the development of the U-2 high-altitude reconnaissance aircraft was done in cooperation with the United States Air
Amartya Kumar Sen, is an Indian economist and philosopher, who since 1972 has taught and worked in India, the United Kingdom, the United States. Sen has made contributions to welfare economics, social choice theory and social justice, economic theories of famines, indices of the measure of well-being of citizens of developing countries, he is the Thomas W. Lamont University Professor at Harvard University and member of faculty at Harvard Law School, he is a Fellow and former Master of Trinity College and was awarded the Nobel Memorial Prize in Economic Sciences in 1998 and India's Bharat Ratna in 1999 for his work in welfare economics. In 2017, Sen was awarded the Johan Skytte Prize in Political Science for most valuable contribution to Political Science. In 2004, Sen was ranked number 14 in BBC's poll of the Greatest Bengali of all time. Amartya Sen was born in a Hindu family in Bengal, British India, in the district of modern day Bangladesh, Manikganj. Rabindranath Tagore gave Amartya Sen his name.
Sen's family was from Wari and Manikganj, both in present-day Bangladesh. His father Ashutosh Sen was a professor of chemistry at Dhaka University who moved with his family to West Bengal in 1945 and worked at various government institutions, including the West Bengal Public Service Commission, the Union Public Service Commission. Sen's mother Amita Sen was the daughter of Kshiti Mohan Sen, a well-known scholar of ancient and medieval India and close associate of Rabindranath Tagore, he served as the Vice Chancellor of Delhi University for some years. Sen began his high-school education at St Gregory's School in Dhaka in 1940. In fall 1941, Sen was admitted to Patha Bhavana, where he completed his school education, in which he excelled, obtaining the highest ranks in his school board and I. A. examinations in the whole of Bengal. The school had many progressive features, such as distaste for competitive testing. In addition, the school stressed cultural diversity, embraced cultural influences from the rest of the world.
In 1951, he went to Presidency College, where he earned a B. A. in Economics with First in the First Class, with a minor in Mathematics, as a graduating student of the University of Calcutta. While at Presidency, Sen was diagnosed with oral cancer, given a 15% chance of living five years. With radiation treatment, he survived, in 1953 he moved to Trinity College, where he earned a second B. A. in Economics in 1955 with a First Class, topping the list as well. At this time, he was elected President of the Cambridge Majlis. While Sen was a Ph. D student at Cambridge, he was offered the position of First-Professor and First-Head of the Economics Department of the newly created Jadavpur University in Calcutta, he is still the youngest chairman. He served in that position, starting the new Economics Department, from 1956 to 1958. Meanwhile, Sen was elected to a Prize Fellowship at Trinity College, which gave him four years of freedom to do anything he liked. Sen explained: "The broadening of my studies into philosophy was important for me not just because some of my main areas of interest in economics relate quite to philosophical disciplines, but because I found philosophical studies rewarding on their own".
His interest in philosophy, dates back to his college days at Presidency, where he read books on philosophy and debated philosophical themes. One of the books he was most interested in was Individual Values. In Cambridge, there were major debates between supporters of Keynesian economics on the one hand, the "neo-classical" economists who were skeptical of Keynes, on the other. However, because of a lack of enthusiasm for social choice theory in both Trinity and Cambridge, Sen had to choose a different subject for his Ph. D. thesis, on "The Choice of Techniques" in 1959, though the work had been completed much earlier under the supervision of the "brilliant but vigorously intolerant" post-Keynesian, Joan Robinson. Quentin Skinner notes that Sen was a member of the secret society Cambridge Apostles during his time at Cambridge. During 1960-61, Amartya Sen visited M. I. T. on leave from Trinity College, found it a great relief to get away from the rather sterile debates that the contending armies were fighting in Cambridge.
Sen's work on'Choice of Techniques' complemented that of Maurice Dobb. In a Developing country, the Dobb-Sen strategy relied on maximising investible surpluses, maintaining constant real wages and using the entire increase in labour productivity, due to technological change, to raise the rate of accumulation. In other words, workers were expected to demand no improvement in their standard of living despite having become more productive. Sen's papers in the late 1960s and early 1970s helped develop the theory of social choice, which first came to prominence in the work by the American economist Kenneth Arrow. Arrow, while working at the RAND Corporation, had most famously shown that when voters have three or more distinct alternatives, any ranked order voting system will in at least some situations conflict with what many assume to be basic democratic norms. Sen's contribution
Marxism is a theory and method of working class self-emancipation. As a theory, it relies on a method of socioeconomic analysis that views class relations and social conflict using a materialist interpretation of historical development and takes a dialectical view of social transformation, it originates from the works of 19th-century German philosophers Friedrich Engels. Marxism uses a methodology, now known as historical materialism, to analyze and critique the development of class society and of capitalism as well as the role of class struggles in systemic economic and political change. According to Marxist theory, in capitalist societies, class conflict arises due to contradictions between the material interests of the oppressed and exploited proletariat—a class of wage labourers employed to produce goods and services—and the bourgeoisie—the ruling class that owns the means of production and extracts its wealth through appropriation of the surplus product produced by the proletariat in the form of profit.
This class struggle, expressed as the revolt of a society's productive forces against its relations of production, results in a period of short-term crises as the bourgeoisie struggle to manage the intensifying alienation of labor experienced by the proletariat, albeit with varying degrees of class consciousness. In periods of deep crisis, the resistance of the oppressed can culminate in a proletarian revolution which, if victorious, leads to the establishment of socialism—a socioeconomic system based on social ownership of the means of production, distribution based on one's contribution and production organized directly for use; as the productive forces continued to advance, Marx hypothesized that socialism would be transformed into a communist society: a classless, humane society based on common ownership and the underlying principle: "From each according to his ability, to each according to his needs". Marxism has developed into many different branches and schools of thought, with the result that there is now no single definitive Marxist theory.
Different Marxian schools place a greater emphasis on certain aspects of classical Marxism while rejecting or modifying other aspects. Many schools of thought have sought to combine Marxian concepts and non-Marxian concepts, which has led to contradicting conclusions; however there is movement toward the recognition that historical materialism and dialectical materialism remains the fundamental aspect of all Marxist schools of thought. Marxism has had a profound impact on global academia and has influenced many fields such as archaeology, media studies, political science, history, art history and theory, cultural studies, economics, criminology, literary criticism, film theory, critical psychology and philosophy; the term "Marxism" was popularized by Karl Kautsky, who considered himself an "orthodox" Marxist during the dispute between the orthodox and revisionist followers of Marx. Kautsky's revisionist rival Eduard Bernstein later adopted use of the term. Engels did not support the use of the term "Marxism" to describe either his views.
Engels claimed that the term was being abusively used as a rhetorical qualifier by those attempting to cast themselves as "real" followers of Marx while casting others in different terms, such as "Lassallians". In 1882, Engels claimed that Marx had criticized self-proclaimed "Marxist" Paul Lafargue, by saying that if Lafargue's views were considered "Marxist" "one thing is certain and, that I am not a Marxist". Marxism analyzes the material conditions and the economic activities required to fulfill human material needs to explain social phenomena within any given society, it assumes that the form of economic organization, or mode of production, influences all other social phenomena—including wider social relations, political institutions, legal systems, cultural systems and ideologies. The economic system and these social relations form a superstructure; as forces of production, i.e. technology, existing forms of organizing production become obsolete and hinder further progress. As Karl Marx observed: "At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production or—this expresses the same thing in legal terms—with the property relations within the framework of which they have operated hitherto.
From forms of development of the productive forces these relations turn into their fetters. Begins an era of social revolution"; these inefficiencies manifest themselves as social contradictions in society which are, in turn, fought out at the level of the class struggle. Under the capitalist mode of production, this struggle materializes between the minority who own the means of production and the vast majority of the population who produce goods and services. Starting with the conjectural premise that social change occurs because of the struggle between different classes within society who are under contradiction against each other, a Marxist would conclude that capitalism exploits and oppresses the proletariat, therefore capitalism will lead to a proletarian revolution. Marxian economics and its proponents view capitalism as economically unsustainable and incapable of improving the living standards of the population due to its need to compensate for falling rates of profit by cutting employee's wages, social benefits and pursuing military aggression.
The socialist system would succeed capitalism as humanity's mode of production through workers' revolution. According to Marxian crisis theory, socialism is not an economic necessity. In a sociali
Guy Francis de Moncy Burgess was a British diplomat and Soviet agent, belonging to the Cambridge Five spy ring that operated from the mid-1930s to the early years of the Cold War. His defection in 1951 to the Soviet Union, with his fellow spy, Donald Maclean, led to a serious breach in Anglo-American intelligence co-operation, caused long-lasting disruption and demoralisation in Britain's foreign and diplomatic services. Born into a wealthy middle-class family, Burgess was educated at Eton College, the Royal Naval College and Trinity College, Cambridge. An assiduous networker, he embraced left-wing politics at Cambridge and joined the Communist Party of Great Britain, he was recruited by Soviet intelligence in 1935, on the recommendation of the future double agent Kim Philby. After leaving Cambridge, Burgess worked for the BBC as a producer interrupted by a short period as a full-time MI6 intelligence officer, before joining the Foreign Office in 1944. At the Foreign Office, Burgess acted as a confidential secretary to Hector McNeil, the deputy to Ernest Bevin, the Foreign Secretary.
This post gave Burgess access to secret information on all aspects of Britain's foreign policy during the critical post-1945 period, it is estimated that he passed thousands of documents to his Soviet controllers. In 1950, he was appointed second secretary to the British Embassy in Washington, a post from which he was sent home after repeated misbehaviour. Although not at this stage under suspicion, Burgess accompanied Maclean when the latter, on the point of being unmasked, fled to Moscow in May 1951. Burgess's whereabouts were unknown in the West until 1956, when he appeared with Maclean at a brief press conference in Moscow, claiming that his motive had been to improve Soviet-West relations, he never left the Soviet Union. He remained unrepentant to the end of his life, rejecting the notion that his earlier activities represented treason, he was well provided for materially, but as a result of his lifestyle his health deteriorated, he died in 1963. Experts have found it difficult to assess the extent of damage caused by Burgess's espionage activities, but consider that the disruption in Anglo-American relations caused by his defection was of greater value to the Soviets than any information he provided.
Burgess's life has been fictionalised, dramatised in productions for screen and stage. The Burgess family's English roots can be traced to the arrival in Britain in 1592 of Abraham de Bourgeous de Chantilly, a refugee from the Huguenot religious persecutions in France; the family settled in Kent, became prosperous as bankers. Generations developed a military tradition, his youngest son, Malcolm Kingsford de Moncy Burgess, was born in Aden in 1881, the third forename being a nod to his Huguenot ancestry. Malcolm had a unremarkable career in the Royal Navy reaching the rank of Commander. In 1907, he married the daughter of a wealthy Portsmouth banker; the couple settled in the naval town of Devonport where, on 16 April 1911, their elder son was born, christened Guy Francis de Moncy. A second son, was born two years later; the Gillman wealth ensured a comfortable home for the young family. Guy's earliest schooling was with a governess until, aged nine, he began as a boarder at Lockers Park, an exclusive preparatory school near Hemel Hempstead in Hertfordshire.
He did well there. Having completed the Lockers curriculum a year early, he was too young to proceed as intended, to the Royal Naval College at Dartmouth. Instead, from January 1924, he spent a year at Eton College, Britain's most prestigious public school. Following Malcom Burgess's retirement from the navy, the family moved to West Meon in Hampshire. Here, on 15 September 1924, Malcolm died of a heart attack. Despite this traumatic event, Guy's education proceeded as planned, in January 1925 he began at Dartmouth. Here he encountered strict discipline and insistence on order and conformity, enforced by frequent use of corporal punishment for minor infringements. In this environment, Burgess thrived both academically and at sports, he was marked by the college authorities as "excellent officer material", but an eye test in 1927 exposed a deficiency that precluded a career in the navy's executive branch. Burgess had no interest in the available alternatives – the engineering or paymaster branches – and in July 1927 he left Dartmouth and returned to Eton.
Burgess's second period at Eton, between 1927 and 1930, was rewarding and successful, both academically and socially. Although he failed to be elected to the elite society known as "Pop", he began to develop a network of contacts that proved useful in life. At Eton, sexual relationships between boys were common, although Burgess claimed that his homosexuality began at Eton, his contemporaries could recall little evidence of this. Burgess was remembered as amusingly flamboyant, something of an oddity with his professed left-wing social and political opinions. In January 1930, he sat for and won a history scholarship to Trinity College, concluding his school career with further prizes in history and drawing. Throughout his life he retained fond memories of Eton. Burgess arr
The pound sterling known as the pound and less referred to as sterling, is the official currency of the United Kingdom, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, Tristan da Cunha. It is subdivided into 100 pence. A number of nations that do not use sterling have currencies called the pound. Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, the euro. Together with those two currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is the third most-held reserve currency in global reserves; the British Crown dependencies of Guernsey and the Isle of Man produce their own local issues of sterling which are considered equivalent to UK sterling in their respective regions. The pound sterling is used in Gibraltar, the Falkland Islands, Saint Helena and Ascension Island in Saint Helena and Tristan da Cunha; the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, regulating issuance of banknotes by private banks in Scotland and Northern Ireland.
Banknotes issued by other jurisdictions are not regulated by the Bank of England. The full official name pound sterling, is used in formal contexts and when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is used; the currency name is sometimes abbreviated to just sterling in the wholesale financial markets, but not when referring to specific amounts. The abbreviations "ster." and "stg." are sometimes used. The term "British pound" is sometimes incorrectly used in less formal contexts, it is not an official name of the currency; the exchange rate of the pound sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets. The origins of this term are attributed to the fact that in the 1800s, the GBP/USD exchange rate was transmitted via transatlantic cable. Forex traders of GBP/USD are sometimes referred to as "cable dealers". GBP/USD is now the only currency pair with its own name in the foreign exchange markets, after IEP/USD, known as "wire" in the forward FX markets, no longer exists after the Irish Pound was replaced by the euro in 1999.
There is apparent convergence of opinion regarding the origin of the term "pound sterling", toward its derivation from the name of a small Norman silver coin, away from its association with Easterlings or other etymologies. Hence, the Oxford English Dictionary state that the "most plausible" etymology is derivation from the Old English steorra for "star" with the added diminutive suffix "-ling", to mean "little star" and to refer to a silver penny of the English Normans; as another established source notes, the compound expression was derived: However, the perceived narrow window of the issuance of this coin, the fact that coin designs changed in the period in question, led Philip Grierson to reject this in favour of a more complex theory. Another argument that the Hanseatic League was the origin for both the origin of its definition and manufacture, in its name is that the German name for the Baltic is "Ost See", or "East Sea", from this the Baltic merchants were called "Osterlings", or "Easterlings".
In 1260, Henry III granted them a charter of protection and land for their Kontor, the Steelyard of London, which by the 1340s was called "Easterlings Hall", or Esterlingeshalle. Because the League's money was not debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", contracted to "'sterling". For further discussion of the etymology of "sterling", see sterling silver; the currency sign for the pound is £, written with a single cross-bar, though a version with a double cross-bar is sometimes seen. This symbol derives from medieval Latin documents; the ISO 4217 currency code is GBP, formed from "GB", the ISO 3166-1 alpha-2 code for the United Kingdom, the first letter of "pound". It does not stand for "Great Britain Pound" or "Great British Pound"; the abbreviation "UKP" is used but this is non-standard because the ISO 3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes: GGP, JEP and IMP. Stocks are traded in pence, so traders may refer to pence sterling, GBX, when listing stock prices.
A common slang term for the pound sterling or pound is quid, singular and plural, except in the common phrase "quids in!". The term may have come via Italian immigrants from "scudo", the name for a number of coins used in Italy until the 19th century.
Royal Dutch Shell
Royal Dutch Shell plc known as Shell, is a British-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the six oil and gas "supermajors" and the fifth-largest company in the world measured by 2018 revenues. Shell was first in the 2013 Fortune Global 500 list of the world's largest companies. Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, transport and marketing, power generation and trading, it has renewable energy activities, including in biofuels, energy-kite systems, hydrogen. Shell has operations in over 70 countries, produces around 3.7 million barrels of oil equivalent per day and has 44,000 service stations worldwide. As of 31 December 2014, Shell had total proved reserves of 13.7 billion barrels of oil equivalent. Shell Oil Company, its principal subsidiary in the United States, is one of its largest businesses. Shell holds 50% of Raízen, a joint venture with Cosan, the third-largest Brazil-based energy company by revenues and a major producer of ethanol.
Shell was formed in 1907 through the amalgamation of the Royal Dutch Petroleum Company of the Netherlands and the "Shell" Transport and Trading Company of the United Kingdom. Until its unification in 2005 the firm operated as a dual-listed company, whereby the British and Dutch companies maintained their legal existence but operated as a single-unit partnership for business purposes. Shell first entered the chemicals industry in 1929. In 1970 Shell acquired the mining company Billiton, which it subsequently sold in 1994 and now forms part of BHP Billiton. In recent decades gas exploration and production has become an important part of Shell's business. Shell acquired BG Group in 2016. Shell is a constituent of the FTSE 100 Index, it had a market capitalisation of £185 billion at the close of trading on 30 December 2016, by far the largest of any company listed on the London Stock Exchange and among the highest of any company in the world. It has secondary listings on the New York Stock Exchange.
As of January 2013, Shell's largest shareholder was Capital Research Global Investors with 9.85% ahead of BlackRock in second with 6.89%. The Royal Dutch Shell Group was created in April 1907 through the amalgamation of two rival companies: the Royal Dutch Petroleum Company of the Netherlands and the Shell Transport and Trading Company Limited of the United Kingdom, it was a move driven by the need to compete globally with Standard Oil. The Royal Dutch Petroleum Company was a Dutch company founded in 1890 to develop an oilfield in Pangkalan Brandan, North Sumatra, led by August Kessler, Hugo Loudon, Henri Deterding; the "Shell" Transport and Trading Company was a British company, founded in 1897 by Marcus Samuel, 1st Viscount Bearsted, his brother Samuel Samuel. Their father had owned an antique company in Houndsditch, which expanded in 1833 to import and sell seashells, after which the company "Shell" took its name. For various reasons, the new firm operated as a dual-listed company, whereby the merging companies maintained their legal existence, but operated as a single-unit partnership for business purposes.
The terms of the merger gave 60 percent ownership of the new group to the Dutch arm and 40 percent to the British. National patriotic sensibilities would not permit a full-scale merger or takeover of either of the two companies; the Dutch company, Koninklijke Nederlandsche Petroleum Maatschappij at The Hague, was in charge of production and manufacture. The British Anglo-Saxon Petroleum Company was based in London, to direct the transport and storage of the products. During the First World War, Shell was the main supplier of fuel to the British Expeditionary Force, it was the sole supplier of aviation fuel and supplied 80 percent of the British Army's TNT. It volunteered all of its shipping to the British Admiralty; the German invasion of Romania in 1916 saw. In 1919, Shell took control of the Mexican Eagle Petroleum Company and in 1921 formed Shell-Mex Limited which marketed products under the "Shell" and "Eagle" brands in the United Kingdom. In 1929, Shell Chemicals was founded. By the end of the 1920s, Shell was the world's leading oil company, producing 11 percent of the world's crude oil supply and owning 10 percent of its tanker tonnage.
Shell Mex House was completed in 1931, was the head office for Shell's marketing activity worldwide. In 1932 in response to the difficult economic conditions of the times, Shell-Mex merged its UK marketing operations with those of British Petroleum to create Shell-Mex and BP, a company that traded until the brands separated in 1975. Royal Dutch Company ranked 79th among United States corporations in the value of World War II military production contracts; the 1930s saw. After the invasion of the Netherlands by Germany in 1940, the head office of the Dutch companies was moved to Curacao. In 1945 Shell's Danish headquarters in Copenhagen, at the time being used by the Gestapo, was bombed by Royal Air Force Mosquitoes in Operation Carthage. Around 1952, Shell was the first company to use a computer in the Netherlands; the computer, a Ferranti Mark 1*, was assembled and used at the Shell laboratory in Amste