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Business and Industry

Showing results: 46 to 60 out of 119

Harris Teeter Encyclopedia

 

Harris Teeter is a grocery store chain founded in Charlotte, North Carolina. As of 2012, Harris Teeter operated 208 stores in North Carolina, South Carolina, Virginia, Georgia, Tennessee, Delaware, Maryland, Florida, and Washington, D.C.

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Headache Powders Encyclopedia

During the early twentieth century, many Tar Heels moved to towns and urban areas to find work in mills and on railroads, while local pharmacists also began creating patent medicines. One such medicine, headache relief powders, became popular among mill and railroad workers who referred to them as “production powders.”  Pharmacists often compounded their own headache relief medicine in an easier-made powder form rather than in the more complex pill form.

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Heilig-Meyers Furniture Encyclopedia

Two Lithuanian immigrants started a furniture company in Goldsboro that survived and grew during the Great Depression.  In 1946, the two parted ways, and the company had 19 stores by 1970.  During the next three decades, the number of Heilig-Meyers stores increased, and it grew exponentially in the 1990s (from 258 stores in 1988 to 647 stores in 1994).  The chain reached its zenith in 1998 yet lost money.  It filed for bankruptcy in 2000 and eliminated 4,400 jobs.

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Willis Hinton (1840-1924) Encyclopedia

In spite of his illiteracy, Hinton was a successful entrepreneur.  He ran two flourishing businesses when African Americans struggled for equality and respect and the chance to participate in a free market where each held his own.

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Luther H. Hodges (1895 - 1974) Encyclopedia

Luther Hodges was the 64th Governor of North Carolina (1954 to 1961).  He also served as United States Secretary of Commerce from 1961 to 1965.  Hodges was known for his role in creating Research Triangle Park.

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Thomas Michael Holt (1831 - 1896) Encyclopedia

An industrialist who later entered into the political arena as a friend of farmers, Thomas Michael Holt served North Carolina as its 47th governor.  His administration is known for supporting higher education and returning elective control to localities.

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The Impending Crisis of the South: How to Meet It Encyclopedia

Although many are aware that Harriet Beecher Stowe’s Uncle Tom’s Cabin, heightened tensions between the North and the South, some historians argue that Hinton R. Helper’s The Impending Crisis of the South: How to Meet It played a more significant role in starting the American Civil War.  According to historian George M. Fredrickson, it can be argued convincingly that Helper’s 1857 publication was “the most important single book, in terms of its political impact, that has ever been published in the United States.”

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Kerr-Smith Tobacco Control Act Encyclopedia

Passed in 1934, the Kerr-Smith Tobacco Act addressed a loophole in the Agricultural Adjustment Act of 1933. The act levied a tax of 25 percent on all tobacco sales, while providing tax exemption permits to farmers who participated in the AAA. After passage of the Kerr-Smith Act, the price of tobacco rose markedly, briefly benefiting North Carolina farmers.

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Ralph W. Ketner (1920- ) Encyclopedia

Co-founder of Food Town (later renamed Food Lion), Ralph Ketner started working in the grocery business as a child in his father’s meat store in Salisbury, North Carolina and later as a teenager during the Depression in his brother’s Kannapolis, North Carolina store.  These early experiences, combined with an innovation and lifelong desire to cut costs, helped Ralph Ketner revolutionize the grocery industry and make a one-store operation in Salisbury into a leading, national supermarket chain.

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Krispy Kreme Encyclopedia

Vernon Rudolph and his Krispy Kreme doughnuts are excellent examples of the entrepreneurial spirit that flourished in North Carolina despite the Great Depression.

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The Lake Company Encyclopedia

The Lake Company was created in 1784 by Josiah Collins, Sr., Nathaniel Allen, and Dr. Samuel Dickenson to acquire and develop land around Lake Phelps.  The Lake Company was a successful agricultural business and built canals around Lake Phelps. After a long legal battle, Collins bought his partners’ shares in the company, and turned the Lake Company into “Somerset Place” Plantation.

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Lance Incorporated Encyclopedia

What started in 1913 as 500 pounds of unwanted Virginia peanuts has evolved into Lance Inc., with revenues steadily approaching one billion dollars. Phillip L. Lance, a Charlotte-based food distributor, ordered 500 pounds of peanuts directly from a planter with the intent to resale them to one of his customers. When Lance’s customer reneged on the peanut deal, Lance roasted the peanuts at his home and sold them on the streets of Charlotte for a nickel a bag instead of returning them to the planter. The home roasted peanuts quickly became popular among Charlotte residents, and Lance soon started producing peanut butter.

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Lunsford Lane (1803-?) Encyclopedia

Born just outside of Raleigh, North Carolina on May 30, 1803, Lunsford Lane exhibited entrepreneurial talent as a child and a determination as an adult to buy his freedom.  He is most famous for writing a slave narrative that included descriptions of his business activities while in bondage and his troubles securing his and his family’s freedom.

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LFPINC (Lowest Food Prices in North Carolina) Encyclopedia

LFPINC (Lowest Food Prices In North Carolina) was an acronym used successfully by Ralph W. Ketner, co-founder and president of Food Town/Lion, to symbolize his cutting cost theory—lowering prices on all items to sell more products and therefore make a larger profit.  By the 1970s, the LFPINC concept revolutionized the supermarket industry.

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Live at Home Program Encyclopedia

Governor O. Max Gardner implemented the Live at Home Program in 1929. The initiative encouraged farmers to increase food and livestock production in order to improve farm conditions and provide for year round family farm consumption.

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