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The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe, for $4,200, [ 9 ] that same year.
In 1916, the company sold its one millionth Hoosier Cabinet and was clearly the leader in free-standing kitchen cabinets. By 1920, two million had been sold. [ 33 ] During its peak years, the company produced nearly 700 cabinets per day, and was the largest manufacturer of kitchen cabinets in the United States.
Cabinet Chaos: A "professional" cabinet and kitchen company does a very unprofessional job on a couple's home. Not only that, due to improper safety measures on the site, the couple's son is poisoned (he survives). They enlist Mike to testify in court on their behalf as well as salvage their wreck of a kitchen. 03: EP3029: Cold Feet
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Arnold Lowes (1919–1994), English footballer; Bob Lowes (born 1963), Canadian ice hockey coach; James Lowes (born 1969), English rugby league footballer; John Livingston Lowes (1867–1945), American scholar of English literature
When the 1990 oil price shock hit in mid-1990, consumer spending contracted and the economy entered recession. Unlike the early 1980s recession, the recession beginning in 1990 was relatively mild. Some of the hardest hit cities were in California and the Northeast, while much of the South was less affected.
At the beginning of his presidency, Reagan ended the price controls on domestic oil which had been started by Richard Nixon; they had contributed to both the 1973 Oil Crisis and the 1979 Energy Crisis. [43] [44] The price of oil subsequently dropped, and the 1980s did not see the gasoline lines and fuel shortages that the 1970s had. [44]
The unfinished obelisk is nearly one-third larger than any ancient Egyptian obelisk ever erected. If finished it would have measured around 41.75 metres (137.0 ft) [ 1 ] and would have weighed nearly 1,090 tonnes (1,200 short tons).
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