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In the 19th century, a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy . [ 2 ]
Chicago in the United States and Melbourne in Australia were non-existent in the earliest decades but grew to become the 2nd largest cities in the United States and British Empire respectively by the end of the century. In the 19th century, approximately 70 million people left Europe, with most migrating to the United States. [10]
His book, The Market Revolution: Jacksonian America, 1815-1846 portrayed it as a highly negative development that marked the triumph of capitalism over democracy. [1] He argued that this was one of the most significant transformations of America within the first half of the nineteenth century—indeed, the defining event of world history—the ...
The Great Divergence or European miracle is the socioeconomic shift in which the Western world (i.e. Western Europe and the parts of the New World where its people became the dominant populations) overcame pre-modern growth constraints and emerged during the 19th century as the most powerful and wealthy world civilizations, eclipsing previously ...
Classical economics, also known as the classical school of economics, [1] or classical political economy, is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. It includes both the Smithian and Ricardian schools. [2]
A Hokkien by his paternal ancestry with ancestry from Quanzhou, Wu was known to the West as Howqua, as was his father, Wu Guorong, the founder of the family business or hong. The name "Howqua" is a romanization, in his native Hokkien language , of the business name under which he traded, "浩官" ( Pe̍h-ōe-jī : Hō-koaⁿ ). [ 8 ]
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As a highly successful investor, with a Wall Street office, she was unusual for being a woman in a man's world. Unwilling to participate in New York City high society, conspicuous consumption, or business partnerships, she may have been eccentric and curt with the press but she was a pioneer of value investing.