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Business and Industry
Showing results: 1 to 15 out of 114
Agricultural Adjustment Administration Encyclopedia
Created by the Agricultural Adjustment Act of 1933, the Agricultural Adjustment Administration (AAA) was a federal agency tasked with reducing crop yields. Low crop prices had harmed U.S. farmers; reducing the supply of crops was a straightforward means of increasing prices. During its brief existence, the AAA accomplished its goal: the supply of crops decreased, and prices rose. It is now widely considered the most successful program of the New Deal. Though the AAA generally benefited North Carolina farmers, it harmed small farmers--in particular African American tenant farmers.
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Town of Apex Encyclopedia
Originally named “Apex” because it was the highest point on the Chatham Railroad line between Richmond, Virginia and Jacksonville, Florida, the town of Apex still exemplifies its motto: “Peak of Good Living.” Although a little over 30,000 people reside there, and many industries have moved to the area, Apex remains a quaint place to live.
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B. C. Powders Encyclopedia
Commodore Thomas Council created one of the most popular
headache powders in 1906 at his Durham pharmacy. In 1910, it was renamed “B.C. Powder."
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James G. Babb (1932- ) Encyclopedia
A native North Carolinian, James G. Babb was born January 1, 1932. He graduated from Belmont Abbey College in 1959 with a degree in business and later achieved success in the communications industry.
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Barringer Gold Mine Encyclopedia
Historians claim the opening of Barringer Gold Mine was a watershed event. Formerly one of the most important gold mines in 1800s North Carolina, the Barringer Gold Mine is remembered now mostly for being the first gold mine in the Southern Piedmont to use lode mining (pure mining from mineral deposits).
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William Henry Belk (1862 - 1952) Encyclopedia
Born in 1862, as the son of a farmer, Belk overcame obstacles in life to later build a retail empire.
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Caleb Bradham (1867-1934) Encyclopedia
Known mainly for inventing “Brad’s Drink,” later called Pepsi-Cola, Caleb Bradham’s business career reached its apogee a couple years before World War I. The effects of the government’s rationing of sugar during the Great War cost Bradham immensely. Although Pepsi-Cola declared bankruptcy in 1924, the New Bern resident had created a product that North Carolinians and Americans (and now the world) still enjoys.
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Branch Banking and Trust Company (BB&T) Encyclopedia
Like the Wachovia Corporation and several other American banks, Branch Banking and Trust Company (BB&T) started as a simple, private bank. As mergers and takeovers occurred throughout the years, BB&T made strides in the banking realm of North Carolina and eventually the American South. With over 1,800 branches and 30,000 employees in 12 states and Washington, D.C., the BB&T Corporation, stationed in Winston-Salem, N.C., ranks as the eleventh largest banking corporation in the United States as of March 31, 2011.
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Camel Cigarettes Encyclopedia
During the late 1800s, North Carolina dominated the national tobacco market, and in 1913 R. J. Reynolds Company (RJR) introduced a product that revolutionized tobacco advertising and processing: Camel cigarettes.
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Cameron Village Encyclopedia
The Cameron Village Shopping Center opened in 1949 with three stores and one restaurant. The open-air shopping mall was not only Raleigh's first shopping center away from downtown but also is considered the first shopping center constructed between Washington, D.C. and Atlanta, Georgia. By 1950, Cameron Village, a “town within a town,” comprised 65 stores, 112 business or professional offices, 566 apartment units, and 100 private homes.
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Charles Albert Cannon (1892-1971) Encyclopedia
Charles Albert Cannon, the son of a textile mill owner, was born in 1892. After attending Fishburne Military Academy and Davidson College, Cannon entered the textile industry himself, achieving success as a manager, treasurer and secretary. When his father died in 1921, Cannon assumed the leadership of the Cannon manufacturing plants and consolidated them to one entity, The Cannon Mills Company.
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James W. Cannon (1852-1921) Encyclopedia
Born in Mecklenburg County in 1852, James W. Cannon revolutionized the cloth industry and towel manufacturing. His entrepreneurial adventure produced the largest towel manufacturer in the world (Cannon Mills) and, according to one historical account, “the largest unincorporated town in the world.”
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Cape Fear Navigation Company Encyclopedia
During the early 1800s, the state of North Carolina purchased stock in a few companies. One such company was the Cape Fear Navigation Company. It became the first state-funded internal improvement project to reap dividends. However, critics still argued that the company's finances were mismanaged.
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Carolina Rocker Encyclopedia
President John F. Kennedy's used this rocker, and in the end, boosted this Asheboro product into the global spotlight.
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Carteret County (1722) Encyclopedia
Carteret County, North Carolina was formed in 1722 out of Craven County. It is named in honor of Sir John Carteret, who later became the Earl of Granville and one of the Lords Proprietors of North Carolina.
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