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Delaware acquired its status as a corporate haven in the early 20th century. Following the example of New Jersey, which enacted corporate-friendly laws at the end of the 19th century to attract businesses [5] from New York, Delaware adopted on March 10, 1899, a general incorporation act aimed at attracting more businesses.
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Dewey insisted that education and schooling are instrumental in creating social change and reform. He noted that "education is a regulation of the process of coming to share in the social consciousness; and that the adjustment of individual activity on the basis of this social consciousness is the only sure method of social reconstruction.".
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Accordingly, Delaware corporations could acquire stock in other corporations registered in Delaware and exercise all rights. This helped make Delaware increasingly an attractive places for businesses to incorporate holding companies, through which they could retain control over large operations without sanction under the Sherman Act. As ...
The state of Delaware is the place of incorporation for over 60 per cent of Fortune 500 corporations. [15] In 1999, from 6,530 publicly traded nonfinancial firms in the US, 3,771 (57.75%) were incorporated in Delaware, 283 (4.33%) in California, and 226 (3.46%) in New York. [16]
Delaware was primarily referred to as a "state" in its 1776 Constitution; however, the term commonwealth was also used in one of its articles. [12] Two U.S. territories are also designated as commonwealths: Puerto Rico and the Northern Mariana Islands.
Definitions of the geographic components of the Mid-Atlantic region differ slightly among sources. [15] Generally speaking, the region is inclusive of the states of Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and West Virginia, and the federal district of the District of Columbia, with some additional sources including or excluding other areas in parts of the Northeast ...