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Krupp

(Encyclopedia)Krupp kro͝op [key], family of German armament manufacturers. The family settled in Essen in the 16th cent. The core of the great Krupp industrial empire was started by Friedrich Krupp, 1787–1826, w...

Root, Elihu

(Encyclopedia)Root, Elihu, 1845–1937, American cabinet member and diplomat, b. Clinton, N.Y. Admitted to the bar in 1867, he practiced law in New York City, became prominent in Republican politics, and was appoin...

bankruptcy

(Encyclopedia)bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiv...

public relations

(Encyclopedia)public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving parti...

Odebrecht corruption scandal

(Encyclopedia)Odebrecht corruption scandal, series of graft scandals involving the Odebrecht (now Novonor), a Brazilian construction and petrochemicals conglomerate, as well as Petrobras, the Brazilian multinationa...

Mellon, Andrew William

(Encyclopedia)Mellon, Andrew William, 1855–1937, American financier, industrialist, and public official, b. Pittsburgh. He studied at the Western Univ. of Pennsylvania (now the Univ. of Pittsburgh), but he left c...

subsidy

(Encyclopedia)subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the public welfare. Sub...

philanthropy

(Encyclopedia)philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. Every year vast sums of money are co...

Hudson's Bay Company

(Encyclopedia)Hudson's Bay Company, corporation chartered (1670) by Charles II of England for the purpose of trade and settlement in the Hudson Bay region of North America and for exploration toward the discovery o...

Field, Marshall

(Encyclopedia)Field, Marshall, 1834–1906, American merchant, b. Conway, Mass. In 1856, after five years' apprenticeship in a general store in Pittsfield, Mass., he went to Chicago and became a clerk for Cooley, W...