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154-549: The company ultimately encompassed source industries, transport, and manufacturing, making it the first vertically integrated company in the United States. In 1792, a hunter named Philip Ginter discovered anthracite coal on Pisgah Mountain near present-day Summit Hill, Pennsylvania close to the border Schuylkill and Carbon counties. The following year, in 1793, the Lehigh Coal Mine Company

308-491: A broad, sluggish inlet of the sea, with many marshes along its side, widening steadily into its great estuary, Delaware Bay . The Delaware River constitutes the boundary between Delaware and New Jersey. The Delaware–New Jersey border is actually at the easternmost river shoreline within the Twelve-Mile Circle of New Castle , rather than at mid-river, mid-channel or thalweg , so small portions of land lying west of

462-586: A common need. It contrasts with horizontal integration , wherein a company produces several items that are related to one another. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership but also into one corporation (as in the 1920s when the Ford River Rouge Complex began making much of its own steel rather than buying it from suppliers). Vertical integration can be desirable because it secures supplies needed by

616-518: A day from the Delaware and its upstream tributaries. The Delaware River has been attached to areas of high pollution . The Delaware River in 2012 was named the 5th most polluted river in the United States, explained by PennEnvironment and Environment New Jersey. The activist groups claim that there is about 7–10 million pounds of toxic chemicals flowing through the waterways due to dumping by DuPont Chambers Works. PennEnvironment also claims that

770-510: A depth of 40 ft (12 m). There is an effort underway to deepen the 102.5-mile stretch of this federal navigation channel, from Philadelphia and Camden to the mouth of the Delaware Bay to 45 feet. The Delaware River port complex refers to the ports and energy facilities along the river in the tri-state PA - NJ - DE Delaware Valley region. They include the Port of Salem ,

924-490: A factor in determining whether vertical integration is successful. There are many problems and benefits that vertical integration brings to an economic system . Problems that can stem from vertical integration can include large capital investments needed to set up and buy factories and maintain efficient profits. Rapid technology development can increase integration difficulties and further increase costs. The requirement of different business skills venturing into new portions of

1078-446: A fairly new design, invented for the purpose by White, were used so water could be retained until required for use. When the dam became full and the water ran over it long enough for the river below to regain its ordinary depth, the sluice ates were let down, while the boats, which were lying in the pool above, passed down with the artificial flood. In this manner the difficulty was overcome. Crews were sent up Mount Pisgah to improve

1232-565: A few days previously that were kept in ice remained in perfect condition. In 1924, Clarence Birdseye patented the "Birdseye Plate Froster" and established the General Seafood Corporation. In 1929, Birdseye's company and the patent were bought by Postum Cereals and Goldman Sachs Trading Corporation . It was later known as General Foods . They kept the Birdseye name, which was split into two words (Birds eye) for use as

1386-423: A half in width, laid upon wooden ties, which were kept in place by means of stone ballast. The loaded cars or wagons, as they were then termed, each having a capacity of approximately one and a half tons, were connected in trains of from six to fourteen, being attended by men who regulated their speed. Turn-outs were provided at intervals and the empty cars were drawn back to the mines by mules. They descended with

1540-403: A large share of farm receipts, formerly assumed to go to the operator's family". Under production contracts, growers raise animals owned by integrators. Farm contracts contain detailed conditions for growers, who are paid based on how efficiently they use feed, provided by the integrator, to raise the animals. The contract dictates how to construct the facilities, how to feed, house, and medicate

1694-501: A loading chute at the huge slack water pool at Mauch Chunk . Riding this success, the two companies were merged into the Lehigh Coal & Navigation Company, which resolved to apply American Canal era technology, including canals, locks, and rails to bring coal to their foundries and the stoves and furnaces of Philadelphia and beyond. On March 20, 1818, the company was granted various powers they sought to secure navigation in

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1848-452: A major retailer, and Essendant , a dominant wholesaler. Before a wave of deregulation at the end of 20th century, most electric utilities were vertically integrated and provided electric generation , transmission , distribution , and sales. These were not just conglomerates with a common accounting department: there was just one profit center in sales, and costs of transmission and distribution were not separated. Partial deregulation in

2002-400: A peak of 30.95 feet (9.43 m) on September 23, 2004, 34.07 feet (10.38 m) on April 4, 2005, and 33.62 feet (10.25 m) on June 28, 2006, all considerably higher than the flood stage of 22 feet (6.7 m). Since the upper Delaware basin has few population centers along its banks, flooding in this area mainly affects natural unpopulated flood plains. Residents in the middle part of

2156-473: A portion of the syndication revenues in order for a show to gain a spot on the schedule if it was produced by a studio without common ownership. In response, the studios fundamentally changed the way they made movies and did business. Lacking the financial resources and contract talent they once controlled, the studios now relied on independent producers supplying some portion of the budget in exchange for distribution rights. Certain media conglomerates may, in

2310-610: A primary energy source at the time, to the company's primary markets in the Northeastern United States . By the early 1830s, the Lehigh Canal and its bridges along the Delaware River inspired the development and connection of four other regional canals. Lehigh Coal & Navigation Company's success, along with White's reputation for advancing the state of mining and civil engineering, jump started

2464-547: A quiet and charming country of farm and forest, diversified with plateaus and escarpments, until it crosses the Appalachian plain and enters the hills again at Easton , Pennsylvania. From this point it is flanked at intervals by fine hills, and in places by cliffs, of which the finest are the Nockamixon Cliffs, 3 miles (5 km) long and above 200 feet (61 m) high. The Appalachian Trail , which traverses

2618-605: A result of the failure of a controversial plan to build a dam on the Delaware River at Tocks Island , just north of the Delaware Water Gap to control water levels for flood control and hydroelectric power generation. The dam would have created a 37-mile (60 km) lake in the center of present park for use as a reservoir. Starting in 1960, the present-day area of the Recreation Area was acquired for

2772-809: A similar manner, own television broadcasters (either over-the-air or on cable), production companies that produce content for their networks, and also own the services that distribute their content to viewers (such as television and internet service providers). AT&T , Bell Canada , Comcast , Sky plc , and Rogers Communications are vertically integrated in such a manner—operating media subsidiaries (such as WarnerMedia , Bell Media , NBCUniversal , and Rogers Media ), and provide " triple play " services of television, internet, and phone service in some markets (such as Bell Satellite TV / Bell Internet , Rogers Cable , Xfinity , and Sky's satellite TV and internet services). Additionally, Bell and Rogers own wireless providers, Bell Mobility and Rogers Wireless , while Comcast

2926-497: A slower information processing rate, with the side effect of making the company so slow that it could not react quickly. Birds Eye did not take advantage of the growth of supermarkets until ten years after the competition did. The already-developed infrastructure did not allow Birdseye to quickly react to market changes. In order to increase profits and gain more market share, Alibaba , a China-based company, has implemented vertical integration deepening its company holdings to more than

3080-505: A supply chain. Operational routines also become more consistent and certain as the management of these firms gradually merge. Vertically integrated firms rarely need to worry about the sufficiency in their supply of materials because they generally control the facilities that provide them. A vertically integrated company also creates high barriers of entry into their respective economy, eliminating most potential competition. Implementing vertical integration can be beneficial in that it reduces

3234-451: A system in which mass production was most efficient. The model called for the manufacture of additional devices, all of which had carefully-curated designs by Ford engineers. Instead of passing these instructions and duties off to external manufacture firms, vertical integration was exercised within the corporation. This allowed for manageable division of labor, decreased costs in delay and exchange of goods, and organized updates of each firm in

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3388-416: A trademark. Birdseye was paid $ 20 million for the patents and $ 2 million for the assets. Birds Eye was one of the pioneers in the frozen food industry. During these times, there was not a well-developed infrastructure to produce and sell frozen foods. Hence Birds Eye developed its own system by using vertical integration. Members of the supply chain, such as farmers and small food retailers, could not afford

3542-415: A vertical acquisition. Vertical expansion or acquisitions can also be used to increase sales and to gain market power. The acquisition of DirecTV by News Corporation is an example of forwarding vertical expansion or acquisition. DirecTV is a satellite TV company through which News Corporation can distribute more of its media content: news, movies, and television shows. The acquisition of NBC by Comcast

3696-468: A vertically integrated strategy has helped Apple become a leading platform company; integrating their software (through APIs for third-party application developers) with their own hardware, across all the devices and services they offer. Vertical integration allows Apple to control production from beginning to end. Other companies may follow the Apple model, but may not see success for some time, both due to

3850-586: A wire mill foundry at the Schuylkill River falls near Philadelphia . White and Hazard were delighted by the quality of the fuel, and subsequently bought the LCMC's final two barges to survive the trip down the Lehigh River. In 1815, convinced they could much improve the reliability of its delivery, they began in 1815 to inquire after the rights to mine the LCMC's coal and hatched a plan to improve

4004-533: Is a form of vertical integration when purchasing departments take over the former role of wholesalers to source products. For vertical integration to succeed, managers must be able to adapt their managerial approach to compliment the changes in functional activities that their vertical shift accompanies. Managers should make sure that their firm can take advantage of existing functional knowledge through organisation, and simultaneously allow new functional knowledge to develop. However, environmental possibilities can be

4158-475: Is a major barrier to travel between New Jersey and Pennsylvania . Most of the larger bridges are tolled only westbound, and are owned by the Delaware River and Bay Authority , Delaware River Port Authority , Burlington County Bridge Commission or Delaware River Joint Toll Bridge Commission . After New York City built 15 reservoirs to supply water to the city's growing population, it was unable to obtain permission to build an additional five reservoirs along

4312-449: Is an example of an industry in which without vertical integration, would not be able to develop efficiently. In order to implement a telecommunications system that connected cities across a nation reliably, vertical integration was called upon. This strategic move ensured that the wiring, manufacture, and management of the system was consistent and functional across a state. Apple has used the vertical integration strategy for 35 years and

4466-776: Is an example of backward vertical integration. For example, in the United States, protecting the public from communications monopolies that can be built in this way is one of the missions of the Federal Communications Commission . Scholars' findings suggest that a reduction in inefficiencies caused by the market vertical value chains, including downstream prices or double mark-up, can be negated with vertical integration. Application in more complex environments can help firms overcome market failures (markets with high transaction costs or assets specificities) Scholars also identified potential risks and boundaries which may occur under vertical integration. This includes

4620-450: Is an important part of the Delaware River's history, adding to its diverse cultural legacy. The magnitude of the commerce of Philadelphia has made the improvements of the river below that port of great importance. Small improvements were attempted by Pennsylvania as early as 1771. Commerce was once important on the upper river, primarily prior to railway competition of 1857. The Delaware Water Gap National Recreation Area came about as

4774-587: Is one of the most successful companies in the technology industry. Apple centered its business strategy on its own development of integrated hardware, software, and latterly services. They design most of their products in-house, and do not allow their hardware and operating system to be licensed out, which allows the company to apply its company vision to its products. Large companies such as Apple are more likely than smaller companies to employ vertical integration, as they have more resources to manage each stage of production (e.g. major expansion and funding). Implementing

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4928-402: Is partnered with Verizon Wireless for an Xfinity-branded MVNO . Similarly, Sony has media holdings through its Sony Pictures division, including film and television content, as well as television channels, but is also a manufacturer of consumer electronics that can be used to play content from itself and others, including televisions, phones, and PlayStation video game consoles. AT&T

5082-402: Is removed and a corporation has the power to control all firms in its supply chain. One benefit is that the implementation of vertical integration can yield increased profit margins or eliminate the leverage that other firms or buyers may have over the firm. It allows improved coordination between production and distribution firms and decreases the cost of exchange of goods between firms within

5236-481: Is the first ever vertical integration where a mobile phone company and a film studio company are under same umbrella. Vertical integration through production and marketing contracts have also become the dominant model for livestock production. Currently, 90% of poultry, 69% of hogs, and 29% of cattle are contractually produced through vertical integration. The USDA supports vertical integration because it has increased food productivity. However, "... contractors receive

5390-612: Is thought to derive from French de la Guerre . It has often been reported that the river and bay received the name "Delaware" after English forces under Richard Nicolls expelled the Dutch and took control of the New Netherland colony in 1664. However, the river and bay were known by the name Delaware as early as 1641. The state of Delaware was originally part of the William Penn 's Pennsylvania colony . In 1682,

5544-444: Is to pass," wrote one of the commissioners, "I need only tell you that I considered it quite an easement when the wheel of my carriage struck a stump instead of a stone." The public, meanwhile, was divided. Some held that the attempt to operate the coal mine was farcical, but that the improvement of the Lehigh River was an undertaking of great value and would prove profitable to investors. Others were just as positive that improvement's to

5698-402: Is working to try to address the issue of flooding along the river. As the past few years have seen a rise in catastrophic floods, most residents of the river basin feel that something must be done. The local governments have worked in association with FEMA to address many of these problems, however, due to insufficient federal funds, progress is slow. A number of oil spills have taken place in

5852-568: The Army Corps of Engineers through eminent domain . Between 3,000 and 5,000 dwellings were demolished, including historical sites, and about 15,000 people were displaced by the project. Because of massive environmental opposition, dwindling funds, and an unacceptable geological assessment of the dam's safety, the government transferred the property to the National Park Service in 1978. The National Park Service found itself as

6006-608: The Ashley Planes and made or supported means to other novel solutions of transport problems; and created transport corridors still important today.It also pioneered the mining of anthracite coal in the United States, acquiring virtually the entire eastern lobe of the Southern Pennsylvania Coal Region , and brought in Welsh experts to bootstrap Iron production using blast furnace technology in

6160-468: The Bell System , Apple , the U.S. entertainment studios, the U.S. meat industry, Ford Motor Company , CVS , and Amazon demonstrate vertical merging. Other examples like Alibaba and EssilorLuxottica cover vertical integration in other nations. During a hunting trip American explorer and scientist Clarence Birdseye discovered the beneficial effects of " quick-freezing ". For example, fish caught

6314-660: The Canal Age in the U.S. It also spurred historically significant investments in raw materials and bulk transportation infrastructure projects. The company also supported funding efforts behind the Schuylkill Canal project, which began in 1814, and was finally funded and finished with the company's support. White and Hazard had backed the Schuylkill project since their mills were on the River, but became disgusted with

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6468-730: The Delaware Aqueduct . The Delaware River has two branches that rise in the Catskill Mountains of New York: the West Branch at Mount Jefferson in Jefferson , Schoharie County , and the East Branch at Grand Gorge , Delaware County . The branches merge to form the main Delaware River at Hancock, New York . Flowing south, the river remains relatively undeveloped, with 152 miles (245 km) protected as

6622-778: The Delaware City Refinery , the Dupont Chambers Works , Oceanport Terminal at Claymont , the Marcus Hook Refinery, the Trainer Refinery , the Paulsboro Asphalt Refinery , Paulsboro Refinery , Eagle Point Refinery, and Sunoco Fort Mifflin. As of 2011, crude oil was the largest single commodity transported on the Delaware River, accounting for half of all annual cargo tonnage. The Delaware River

6776-634: The Delaware River at Easton on the Pennsylvania border with New Jersey . The Lehigh Coal Mining Company was sporadically successfully in mining and transporting anthracite coal to Philadelphia , and its rights were eventually absorbed by the Lehigh Coal & Navigation Company, which leased their own operational rights from their predecessor, the Lehigh Coal Company. In 1792, the Lehigh Coal Mine Company (LCMC)

6930-553: The Duke of York granted Penn's request for access to the sea and leased him the territory along the western shore of Delaware Bay, which became known as the "Lower Counties on the Delaware". In 1704, the Lower Counties were given political autonomy to form a separate provincial assembly, but they shared Pennsylvania's provincial governor until the two colonies separated on June 15, 1776, and they remained separate as states after

7084-593: The Industrial Revolution in the United States . The company also established the Lehigh Canal , whose construction began in 1818. The Lehigh Canal became usable in 1820, was improved further between 1821 and 1824, and was finally transformed into a two-way canal between 1827 and 1829. The Lehigh Canal played a hugely influential role in the nation's ability to transport anthracite coal ,

7238-618: The Lehigh Valley , building the first six such furnaces and puddling furnaces to create steel, which the company then provided to its own wire rope (steel cable) manufactury, the countries first it set up in Mauch Chunk. Completing the vertical integration, the wire ropes were then marketed to other mining operations, cable railways, and other industries needing high tensile reliability in managing weighty loads. In 1822, Lehigh Coal Company bought out partner George Hauto and formed

7392-492: The Mountain West , Great Plains , and Southeast . An economic theory is a framework that defines how a particular economic system functions. Economists develop principles in which an economy adheres to, which provides insight onto the relationships between economic events, markets, companies, and the government. In economic theory, vertical integration has been studied in the literature on incomplete contracts that

7546-612: The Otter Creek tributary , leading to a water advisory in Philadelphia . With the failure of the dam project to come to fruition, the lack of flood control on the river left it vulnerable, and it has experienced a number of serious flooding events as the result of snow melt or rain run-off from heavy rainstorms. Record flooding occurred in August 1955, in the aftermath of the passing of the remnants of two separate hurricanes over

7700-406: The Port of Wilmington , the Port of Chester , the Port of Paulsboro , the Port of Philadelphia and the Port of Camden . Combined they create one of the largest shipping areas of the United States. In 2015, the ports of Philadelphia, Camden, and Wilmington handled 100 million tons of cargo from 2,243 ship arrivals, and supported 135,000 direct or indirect jobs. The biggest category of imports

7854-548: The Upper , Middle , and Lower Delaware National Scenic Rivers . At Trenton, New Jersey , the Delaware becomes tidal , navigable , and significantly more industrial . This section forms the backbone of the Delaware Valley metropolitan area, serving the port cities of Philadelphia , Camden, New Jersey , and Wilmington, Delaware . The river flows into Delaware Bay at Liston Point, 48 miles (77 km) upstream of

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8008-474: The "Little Three", Universal Studios , Columbia Pictures , and United Artists , produced and distributed feature films but did not own theaters. The issue of vertical integration (also known as common ownership) has been the main focus of policy makers because of the possibility of anti-competitive behaviors affiliated with market influence. For example, in United States v. Paramount Pictures, Inc. ,

8162-652: The Clean Water Act explains how conditions of the river should be stable enough for human fishing and swimming. Even though the river has had success with the cleanup of pollution, the Delaware River still does not meet that standard of swimmable or fishable conditions in the Philadelphia/Chester region. In March 2023, a pipe rupture at a Trinseo chemical plant in Bristol, Pennsylvania , released over 8,000 gallons of latex finishing material into

8316-666: The Delaware River as the River of the Year for 2020, citing 75 years of progress in reducing pollution and restoring wildlife. In 1984, the U.S. Department of the Treasury authorized the creation of a wine region or " American Viticultural Area " called the Central Delaware Valley AVA located in southeastern Pennsylvania and New Jersey . The wine appellation includes 96,000 acres (38,850 ha) surrounding

8470-745: The Delaware River north of Philadelphia and Trenton , New Jersey. In Pennsylvania, it consists of the territory along the Delaware River in Bucks County ; in New Jersey, the AVA spans along the river in Hunterdon County and Mercer County from Titusville , New Jersey, just north of Trenton, northward to Musconetcong Mountain . As of 2013, there are no New Jersey wineries in the Central Delaware Valley AVA. In

8624-437: The Delaware River's tributaries. As a result, in 1928 the city decided to draw water from the Delaware River, putting them in direct conflict with villages and towns across the river in Pennsylvania which were already using the Delaware for their water supply. The two sides eventually took their case to the U.S. Supreme Court , and in 1931, New York City was allowed to draw 440 million US gallons (1,700,000 m ) of water

8778-415: The Delaware River. This settlement marked one of the earliest European establishments in the region, with Fort Christina (located near modern-day Wilmington, Delaware) becoming a key trading post and symbol of Swedish colonial ambition. The Swedes engaged in peaceful land negotiations with the local Lenape people and developed a thriving colony. New Sweden became a center for trade and cultural exchange between

8932-522: The Delaware basin experience flooding, including three major floods in the three years (2004–2006) that have severely damaged their homes and land. The lower part of the Delaware basin from Philadelphia southward to the Delaware Bay is tidal and much wider than portions further north, and is not prone to river-related flooding (although tidal surges can cause minor flooding in this area). The Delaware River Basin Commission , along with local governments,

9086-754: The Delaware. Similarly, the East Branch begins from a small pond south of Grand Gorge in the town of Roxbury in Delaware County , flowing southwest toward its impoundment by New York City to create the Pepacton Reservoir , the largest reservoir in the New York City water supply system . Its tributaries are the Beaver Kill River and the Willowemoc Creek which enter into the river ten miles (16 km) before

9240-567: The EPA involved the Delaware County Regional Water Authority (DELCORA) where they set up a plan to spend around $ 200 million to help rid the waterway of about 740 million gallons of sewage and pollution. DELCORA was also fined about $ 1.4 million for allowing the Delaware River to have so much pollution residing in the river in the first place and for not complying with the Clean Water Act. Part of

9394-829: The English expelled the Dutch and took control of the New Netherland colony in 1664, the river was renamed Delaware after Sir Thomas West , 3rd Baron De La Warr, an English nobleman and the Virginia colony's first royal governor, who defended the colony during the First Anglo-Powhatan War . George Washington's crossing of the Delaware River in 1776 led to the Americans winning the Battle of Trenton , which

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9548-643: The LCN & Co. from rebuilding. In 1827, the Company in one massive well organized effort, completely built the 9.2 miles (14.8 km) of America's second railroad using the road bed of the wagon road built in 1818–19 in just a few months — a gravity railroad named the Mauch Chunk and Summit Hill Railroad using wooden sleepers on a gravel substrate (as did most more modern railways) — to bring coal from mines to river more efficiently. The work went quickly since

9702-603: The Legislature put it, was granted by an act passed March 20, 1818. According to a history of the navigations, authored in 1884: The improvement of the Lehigh was begun at the mouth of the Nesquehoning Creek , during the summer of the year 1818, under the personal supervision of Josiah White. The plan adopted was to contract the channel of the river in the form of a funnel, wherever it was found necessary to raise

9856-574: The Lehigh Coal & Navigation Company (LC&N) by combining the Lehigh Coal Mining Company, the Lehigh Coal Company, which was leased, and the Lehigh Navigation Company. The transactions represented the first merger of interlocking companies in the nation's history. Five years later, the company built the Mauch Chunk and Summit Hill Railroad , the first coal railroad and just the second railroad company in

10010-467: The Lehigh Coal Company on April 21, 1820. Under the conditions of the lease, it was stipulated that, after a given time for preparation, they should deliver for their own benefit at least forty thousand bushels of coal annually in Philadelphia and the surrounding districts, and should pay, if demanded, one ear of corn as a yearly rental. White and Hazard found a wide divergence of opinion on whether

10164-520: The Lehigh Coal Company was launched with capital stock of $ 55,000. This formed one of the most striking illustrations in American history of the dependence of a commercial venture upon methods of inland transportation. The Lehigh Navigation Company proceeded to build its dams and walls while the Lehigh Coal Company constructed the first roadway in America built on the principle, which was later adopted by

10318-435: The Lehigh River at Mauch Chunk. Sporadically active between the years of 1792 and 1814, the Lehigh Coal Mine Company was able to sell all of the coal it could mine to fuel-hungry markets but lost many a boatload on the rough waters of the unimproved Lehigh River, contributing to lost operating profits for the company and sometimes outright losses. The owners later sold some coal to Josiah White and Erskine Hazard, who operated

10472-416: The Lehigh River could be tamed, and even fewer believed that the mining of coal from the Lehigh River's surrounding lands was feasible. On three separate occasions, funds were raised to improve the Lehigh River's functionality. By 1820, the two companies had a marginal level of navigability on the Lehigh over four years ahead of their targeted 1824 deadline. Coal was transported by mule track from Summit Hill to

10626-438: The Lehigh River towns Jim Thorpe , formerly Mauch Chunk, to the towns west, and Nesquehoning to its north. Both towns are built into the flanks, the traverses , of the mountain , with flats along the river banks. (A few decades later, railroads would follow the canals.) Within the next two years, White and Hazard constructed a descending navigation system that used their unique "bear trap" or hydrostatic locks , which allowed

10780-400: The Lehigh River, including with boats loaded with one hundred barrels, or ten tons on coal. Pennsylvania's state government kept an eye on the operation, however, and a minority felt the two men might succeed. The state reserved the right to compel the adoption of a complete system of slack-water navigation from Easton to Stoddartsville if the company did not succeed satisfactorily. Capital

10934-448: The Lenape". The Delaware River played a key factor in the economic and social development of the Mid-Atlantic region. In the seventeenth century it provided the conduit for colonial settlement by the Dutch ( New Netherland ) and the Swedish ( New Sweden ). Beginning in 1664, the region became an English possession as settlement by Quakers established the colonies of Pennsylvania (including present-day Delaware ) and West Jersey . In

11088-544: The New York City water system. It is the most recently constructed New York City reservoir and began serving the city in 1964. Draining a large watershed of 455 square miles (1,180 km ), the reservoir's capacity is 95.7 billion US gallons (362,000,000 m ). This water flows over halfway through the reservoir to enter the 44-mile (71 km) West Delaware Tunnel in Tompkins , New York. Then it flows through

11242-727: The Pennsylvania–New Jersey state line for 25 miles (40 km) to the end of the ridge at Walpack Bend in the Delaware Water Gap National Recreation Area . The Minisink is a buried valley where the Delaware flows in a bed of glacial till that buried the eroded bedrock during the last glacial period . It then skirts the Kittatinny ridge , which it crosses at the Delaware Water Gap , between nearly vertical walls of sandstone , quartzite , and conglomerate , and then passes through

11396-606: The Project of 1885, the U.S. government undertook systematically the formation of a 26-foot (7.9 m) channel 600 feet (180 m) wide from Philadelphia to deep water in Delaware Bay . The River and Harbor Act of 1899 provided for a 30-foot (9.1 m) channel 600 feet (180 m) wide from Philadelphia to the deep water of the bay. Since 1941, the Delaware River Main Channel was maintained at

11550-487: The Supreme Court ordered the five vertically integrated studios to sell off their theater chains and all trade practices were prohibited ( United States v. Paramount Pictures , Inc., 1948). The prevalence of vertical integration wholly predetermined the relationships between both studios and networks and modified criteria in financing. Networks began arranging content initiated by commonly owned studios and stipulated

11704-458: The Swedish settlers, Native Americans, and neighboring Dutch colonies. Although the Dutch would later assert dominance over the region in 1655, New Sweden laid the groundwork for European settlement along the Delaware River. The fort and surrounding settlements played a crucial role in the early European rivalry for control of North America's resources and territory. This era of Swedish colonization

11858-473: The U.S. The vertical merge allowed CVS-Aetna to regulate more of the healthcare and delivery chain and gave them the ability to provide higher quality care to consumers. One of the most significant advantages to this integration is the reduction in costs for healthcare. Amazon.com has been criticized for being anti-competitive as both an owner and participant of its dominant online marketplace. In office products, Sycamore Partners owns both Staples, Inc. ,

12012-493: The US in 1978 ( PURPA ) forced the utilities to buy electricity outside if the rates were competitive; this gave rise to independent power producers . The other deviation from the vertical integration model were local distribution companies in some towns and regions. In the US 250 vertically integrated companies provided 85% of electrical generation. As of 2022, this "public utility" model was still utilized in some US states, mostly in

12166-575: The United States. Using anthracite as fuel in its production, iron for the first time became plentiful and inexpensive. For a period of thirty years, three decades that shaped the future of the valley, anthracite fueled furnaces throughout the Lehigh Valley produced greater quantities of iron than any other part of the nation. The June 6, 1862 flood proved to show a fatal flaw in White's grand dream. The Upper Grand contributed to its own demise in that

12320-748: The Upper Delaware Scenic Byway. The river flows southeast for 78 miles through rural regions along the New York-Pennsylvania border to Port Jervis and Shawangunk Ridge . At Port Jervis , New York, it enters the Port Jervis trough. At this point, the Walpack Ridge deflects the Delaware into the Minisink Valley, where it follows the southwest strike of the eroded Marcellus Formation beds along

12474-690: The West Branch meets the East Branch. The confluence of the two branches is just south of Hancock . The East Branch and West Branch of the Delaware River parallel each other, both flowing in a southwesterly direction. From Hancock, New York , the Delaware flows between the northern Poconos in Pennsylvania, and the lowered shale beds north of the Catskills. The river flows down a broad Appalachian valley, passing Hawk's Nest overlook on

12628-636: The agricultural development of the region. The strategic Delaware River was the scene of several important campaigns during the American Revolutionary War . Perhaps the most famous event was George Washington's crossing of the Delaware River with the Continental Army on the night of December 25–26, 1776, leading to a successful surprise attack and victory against the Hessian troops occupying Trenton, New Jersey , on

12782-411: The animals, and how to handle manure and dispose of carcasses. Generally, the contract also shields the integrator from liability. Jim Hightower , in his book, Eat Your Heart Out , discusses this liability role enacted by large food companies. He finds that in many cases of agricultural vertical integration, the integrator ( food company ) denies the farmer the right of entrepreneurship. This means that

12936-491: The aqueduct into the Rondout Reservoir , where the water enters the 85 miles (137 km) Delaware Aqueduct , that contributes to roughly 50% of the city's drinking water supply. At Deposit , on the border between Broome and Delaware counties, it turns sharply to the southeast and is paralleled by New York State Route 17 . It joins the East Branch at 880 feet (270 m) above sea level at Hancock to form

13090-430: The area within less than a week: first Hurricane Connie and then Hurricane Diane , which was, and still is, the wettest tropical cyclone to have hit the northeastern United States. The river gauge at Riegelsville , Pennsylvania recorded an all-time record crest of 38.85 feet (11.84 m) on August 19, 1955. More recently, moderate to severe flooding has occurred along the river. The same gauge at Riegelsville recorded

13244-549: The bay's outlet to the Atlantic Ocean between Cape May and Cape Henlopen . Before the arrival of European settlers, the river was the homeland of the Lenape native people. They called the river Lenapewihittuk, or Lenape River, and Kithanne, meaning the largest river in this part of the country. In 1609, the river was visited by a Dutch East India Company expedition led by Henry Hudson . Hudson, an English navigator,

13398-434: The business or help market and distribute its product. A firm may desire such expansion to secure the supplies needed by the firm to produce its product and the market needed to sell the product. Such expansion can become undesirable from a system-wide perspective when it becomes anti-competitive and impede free competition in an open marketplace. The result is a more efficient business with lower costs and more profits. On

13552-430: The canal banks, Vertical integration In microeconomics , management and international political economy , vertical integration , also referred to as vertical consolidation, is an arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy

13706-400: The caretaker of the previously endangered territory, and with the help of the federal government and surrounding communities, developed recreational facilities and worked to preserve the remaining historical structures. The nearby Shawnee Inn , was identified in the 1990s as the only resort along the banks of the Delaware River. American Rivers , an environmental advocacy group, named

13860-405: The colony's fledgling settlements. Lord de la Warr arrived with 150 soldiers in time to prevent the colony's original settlers at Jamestown from giving up and returning to England and is credited with saving the Virginia colony. The name of the barony (later an earldom ) is pronounced as in the current spelling form "Delaware" ( / ˈ d ɛ l ə w ɛər / DEL -ə-wair ) and

14014-433: The company from 1822 until 1865, White and Hazard were constantly seeking innovative solutions to increase business and revenues. The vertical integration many economists credit them with inventing would appeal to them as a very natural way to control costs, hence maximize profitability. The two, and the various members of the corporate board often heard of ideas that separately( ? ) or together needed financial investment which

14168-499: The company was combined with the Lehigh Coal Company with the ouster of George Hauto, but was not rechartered officially until 1822. By late 1820, four years ahead of their prospectus 's targeted schedule, the unfinished but much improved Lehigh Valley watercourse began reliably transporting large amounts of coal to White's mills and Philadelphia. The nearly 370 tons of coal brought to market that year not only salved

14322-413: The company would often join as investors, and often end up providing a later critical boost of finishing financing, investing in such ventures directly, or buying out at a later time as subsidiaries as things developed a proof of concept, track record, better promise, or dependency on another business. From that moment on, anthracite and the canals were of pivotal importance in the industrial development of

14476-399: The cost of entering the market and taking on the currently successful incumbent, but also by innovating their products to make them more appealing in the marketplace than the current incumbent. Vertical integration requires a company to focus not only on its core business, but also on several difficult areas such as sourcing materials and manufacturing partners, distribution, and finally selling

14630-518: The country to be constructed after the Granite Railroad in Quincy, Massachusetts . The company was founded by industrialists Josiah White and Erskine Hazard , who sought to improve delivery of coal to markets. and a thickly=accented German immigrant miner named Hauto. The company is known in the Lehigh Valley as the "Old Company", as distinct from the later 1988–2010 company, which

14784-482: The dams and locks necessary to allow the coal barges to travel on the river meant that huge pools of water sat at the ready. Once the heavy June rains began, and dams began to be breached, devastating tidal waves of flood water burst dam after dam causing a great flood and loss of life. John J. Leisenring Jr., then Superintendent of the LCN & Co. estimated that 200 people lost their lives from White Haven down to Lehighton. The state legislature stepped in and prohibited

14938-405: The distance that separates the suppliers and customers from the resources or information, which can then boost profits and efficiency. There are internal and external society-wide gains and losses stemming from vertical integration, which vary according to the state of technology in the industries involved, roughly corresponding to the stages of the industry lifecycle. Static technology represents

15092-464: The e-commerce platform. Alibaba has built its leadership in the market by gradually acquiring complementary companies in a variety of industries including delivery and payments. One of the earliest, largest and most famous examples of vertical integration was the Carnegie Steel company. The company controlled not only the mills where the steel was made, but also the mines where the iron ore

15246-469: The eighteenth century, cities like Philadelphia , Camden (then Cooper's Ferry), Trenton , Wilmington and New Castle were established upon the Delaware and their continued commercial success into the present day has been dependent on access to the river for trade and power. The river provided the path for the settlement of northeastern Pennsylvania's Lehigh Valley , and northwestern New Jersey by German Palatine immigrants—a population that became key in

15400-614: The entire value chain, but do not do everything in-house (e.g. assembly of iPhones by manufacturing partner Foxconn ). From the early 1920s through the early 1950s, the American motion picture had evolved into an industry controlled by a few companies, a condition known as a "mature oligopoly ", as it was led by eight major film studios , the most powerful of which were the "Big Five" studios: MGM , Warner Brothers , 20th Century Fox , Paramount Pictures , and RKO . These studios were fully integrated, not only producing and distributing films, but also operating their own movie theaters ;

15554-577: The establishment of the United States. The name "Delaware" also came to be used as a collective name for the Lenape , a Native American people who inhabited an area of the basins of the Susquehanna River , Delaware River, and lower Hudson River in the northeastern United States at the time of European settlement, as well as for their language . As a result of disruption following the French and Indian War , American Revolutionary War , and

15708-556: The farmer can only sell under and to the integrator. These restrictions on specified growth, Hightower argues, strips the selling and producing power of the farmer. The producer is ultimately limited by the established standards of the integrator. Yet, at the same time, the integrator still keeps the responsibility connected to the farmer. Hightower sees this as ownership without reliability. Under marketing contracts, growers agree in advance to sell their animals to integrators under an agreed price system. Generally, these contracts shield

15862-405: The final consumers; for example, a firm that sells directly to the consumers has a vertical position of 0, a firm that supplies to this firm has a vertical position of 1, and so on. Vertical integration is often closely associated with vertical expansion which, in economics , is the growth of a business enterprise through the acquisition of companies that produce the intermediate goods needed by

16016-415: The firm to produce its product and the market needed to sell the product, but it can become undesirable when a firm's actions become anti-competitive and impede free competition in an open marketplace. Vertical integration is one method of avoiding the hold-up problem . A monopoly produced through vertical integration is called a vertical monopoly : vertical in a supply chain measures a firm's distance from

16170-493: The fuel to company-owned retail stations, for sale to consumers. Standard Oil is a famous example of both horizontal and vertical integration, combining extraction, transport, refinement, wholesale distribution, and retail sales at company-owned gas stations. Telephone companies in most of the 20th century, especially the largest (the Bell System ) were integrated, making their own telephones , telephone cables , telephone exchange equipment and other supplies. The Bell System

16324-411: The high cost of equipment, so Birdseye provided it to them. Until now, Birds Eye has faded slowly because they have fixed costs associated with vertical integration, such as property, plants, and equipment that cannot be reduced significantly when production needs decrease. The Birds Eye company used vertical integration to create a larger organization structure with more levels of command. This produced

16478-609: The incomplete contracting setup. In these extended models, vertical integration can sometimes be optimal even if only the seller has to make an investment decision. Delaware River The Delaware River is a major river in the Mid-Atlantic region of the United States and is the longest free-flowing (undammed) river in the Eastern United States . From the meeting of its branches in Hancock, New York ,

16632-401: The integrator from liability for the grower's actions and the only negotiable item is a price. In the United States new automobiles can not be sold at dealerships owned by the same company that produced them but are protected by state franchise laws. Ford Motor Company vertically integrated due to high demand for their Model T automobile. With the development of Model T, the company required

16786-437: The land mass in the United States. In 2001, the watershed was 18% agricultural land, 14% developed land, and 68% forested land. There are 216 tributary streams and creeks comprising an estimated 14,057 miles of streams and creeks, in the watershed. While the watershed is home to 4.17 million people according to the 2000 Federal Census, these bodies of water provide drinking water to 17 million people—roughly 6% of

16940-615: The later Indian removals from the eastern United States, the name "Delaware" has been spread with the Lenape's diaspora to municipalities, counties and other geographical features in the American Midwest and Canada. The Delaware River's drainage basin has an area of 13,539 square miles (35,070 km ) and encompasses 42 counties and 838 municipalities in five U.S. states: New York, New Jersey, Pennsylvania, Maryland, and Delaware. This total area constitutes approximately 0.4% of

17094-742: The morning of December 26. During the Philadelphia Campaign control of the Delaware River was urgently needed by the British, allowing their naval fleet to supply troops occupying Philadelphia. To this end, the Battle of Red Bank and the Siege of Fort Mifflin were fought on and along the shores of the Delaware by the American and British navies, commanded by Commodore John Hazelwood and Admiral Francis Reynolds respectively. See historical map of that campaign. In 1638, Swedish settlers, led by Peter Menuet, established New Sweden along

17248-421: The mule trails down from the coal deposits at Summit Hill, Pennsylvania , and others to build docks, boat building facilities, and the canal systems head end pool and locks. The canal head end needed a location where barges could be built and timber and coal could be brought into slack water. The challenge was to do it above the gap made by the east end of Mount Pisgah , a hard rock knob that towers 900 feet above

17402-504: The navigation on the Lehigh as a key step. In 1818, building on two predecessor companies, founders Erskine Hazard and Josiah White entered the coal industry to serve customers seeking a steady supply of fuel for foundries and mills on the falls of the Schuylkill River . Its role in accelerating regional industrial development by taking on civil engineering challenges initially thought impossible and creating important transport and mining infrastructure, proved influential in spearheading

17556-434: The now merged company. Within healthcare systems, horizontal integration is generally much more prominent. However, in the United States, major vertical mergers have included CVS Health 's purchase of Aetna , and Cigna 's purchase of Express Scripts . The integration of CVS Health and Aetna resulted in the combination of one of the nation's largest health insurance companies with a pharmaceutical company seen all across

17710-486: The passage of coal boats by means of artificial floods. The coal arrived at the head end from the mines at Summit Hill or down along the steep mule trail from near the headwaters of Panther Creek . It floated down the navigation; at journey's end, the barges were sold as fuel or for Delaware basin transports. The navigation company began shipping significant quantities of coal by early 1819, ahead of expectations, and attained their goal of regular shipments in 1820. In 1820,

17864-479: The plateau in a deep trough. The branch flows generally southwest, entering Delaware County and flowing through the towns of Stamford and Delhi . In southwestern Delaware County it flows in an increasingly winding course through the mountains, generally southwest. At Stilesville the West Branch was impounded in the 1960s to form the Cannonsville Reservoir , the westernmost of the reservoirs in

18018-587: The pollutants in the river can cause birth defects, infertility among women, and have been linked to cancer. In 2015, the EPA saw the Delaware River as a concern for mass pollution especially in the Greater Philadelphia and Chester, Pennsylvania area. The EPA was involved after accusations that the river met standards made illegal by the Clean Water Act . In complying with the Clean Water Act,

18172-487: The population of the United States. The waters of the Delaware River's basin are used to sustain "fishing, transportation, power, cooling, recreation, and other industrial and residential purposes." It is the 33rd largest river in the United States in terms of flow, but is among the nation's most heavily used rivers in daily freight tonnage. The average annual flow rate of the Delaware is 11,700 cubic feet per second at Trenton, New Jersey . With no dams or impediments on

18326-406: The potential competitor, the enhancements to horizontal collusion, and development of barriers to entry. However, it is still debated over if vertical integration expected efficiencies can lead to competitive harm to the market. Some conclude that in many cases that the efficiencies outweigh the potential risks. Contrary to horizontal integration , which is a consolidation of many firms that handle

18480-442: The product. Another major success of Apple's, is the forward integration with their retail stores, allowing them to sell their products directly to customers (helping customers to buy and use Apple's products and services), additionally helping them to control the prices of their products, and thus to maintain high-profit margins when they do. Apple is also known as one of the world's leading "orchestrators" as they exert control over

18634-458: The railway, of dividing the total distance by the total descent in order to determine the grade. The Lehigh Navigation Company, then suffering from an unprecedented dearth of water, adopted White's invention of sluice gates connecting with pools that could be filled with reserve water to be drawn upon as needed for navigation. By 1819, the depth of water between Mauch Chunk and Easton was obtained. The two companies were immediately amalgamated under

18788-638: The ridge of Kittatinny Mountain in New Jersey, and Blue Mountain in Pennsylvania, crosses the Delaware River at the Delaware Water Gap near Columbia, New Jersey. In Easton, Pennsylvania , the Lehigh River joins the Delaware. At Trenton , the Delaware crosses the Atlantic Seaboard Fall Line with a drop of 8 feet (2.4 m). Below Trenton , the Delaware flows between Philadelphia and New Jersey before becoming

18942-411: The right-of-way surveyed by White (well before 1818's charter) ran along the virtually uniform gradient created by grading the original mule trail, work overseen by Hazard in 1818. During the summer of 1827, a railroad was built from the mines at Summit Hill to Mauch Chunk. With one or two unimportant exceptions, this was the first railroad in the United States. It was nine miles in length, and occupied

19096-649: The river flows for 282 miles (454 km) along the borders of New York , Pennsylvania , New Jersey , and Delaware , before emptying into Delaware Bay . The river has been recognized by the National Wildlife Federation as one of the country's Great Waters and has been called the "Lifeblood of the Northeast" by American Rivers . Its watershed drains an area of 13,539 square miles (35,070 km ) and provides drinking water for 17 million people, including half of New York City via

19250-728: The river's main stem, the Delaware is one of the few remaining large free-flowing rivers in the United States. The West Branch of the Delaware River , also called the Mohawk Branch, spans approximately 90 miles (140 km) from the northern Catskill Mountains to its confluence with the Delaware River's East Branch at Hancock, New York . The last 6 miles (9.7 km) forms part of the boundary between New York and Pennsylvania . The West Branch rises in Schoharie County , New York at 1,886 feet (575 m) above sea level, near Mount Jefferson , and flows tortuously through

19404-399: The river's navigation would follow the fate of so many similar enterprises but that a fortune was in store for those who invested in the Lehigh mines. The direct result of the examiners' report and of the public debate ultimately was the organization of the first interlocking companies in American commercial history. The Lehigh Navigation Company was formed with a capital stock of $ 150,000 and

19558-494: The route of the old wagon road most of the distance. Summit Hill, lying nearly a thousand feet higher than Mauch Chunk, the cars on the road made this descent by gravity, passing the coal, at their destination to the boats in the river by means of inclined planes and chutes. The whole of this plan was evolved by Josiah White, under whose direction it was consummated in a period of about four months. The rails were of rolled bar-iron, three-eighths of an inch in thickness and an inch and

19712-631: The same part of the production process, vertical integration is typified by one firm engaged in different parts of production (e.g., growing raw materials, manufacturing, transporting, marketing, and/or retailing ). Vertical integration is the degree to which a firm owns its upstream suppliers and its downstream buyers. The differences depend on where the firm is placed in the order of the supply chain. There are three varieties of vertical integration: backward (upstream) vertical integration, forward (downstream) vertical integration, and balanced (both upstream and downstream) vertical integration. Disintermediation

19866-542: The service given by the company did not meet "the wants of the country." In 1817, they leased the Lehigh Coal Mine's properties and took over operations, incorporating it on October 21, 1818, as the Lehigh Coal Company. They petitioned the legislature and proposed acquiring rights to make improvements to the Lehigh River for which there had been a string of supportive legislation going back decades. In 1820, White and Hazard bought out their partner Hauto and dissolved

20020-543: The shoreline, but on the New Jersey side of the river, are pene-exclaves under the jurisdiction of Delaware. The rest of the borders follow a mid-channel approach. At the time of the arrival of the Europeans in the early 17th century, the area near the Delaware River was inhabited by the Native American Lenape people. They called the Delaware River "Lenape Wihittuck", which means "the rapid stream of

20174-506: The simplest case, where the gains and losses have been studied extensively. A vertically integrated company usually fails when transactions within the market are too risky or the contracts to support these risks are too costly to administer, such as frequent transactions and a small number of buyers and sellers. The following are several case studies of vertical integration in play. Many examples center around American industries, where major companies like General Foods, Carnegie Steel Company ,

20328-455: The steel processes to the next generation. Oil companies , both multinational (such as ExxonMobil , Shell , ConocoPhillips or BP ) and national (e.g., Petronas ) often adopt a vertically integrated structure, meaning that they are active along the entire supply chain from locating deposits , drilling and extracting crude oil , transporting it around the world, refining it into petroleum products such as petrol/gasoline , to distributing

20482-434: The supply chain can be challenging for the firm. Another problem that may stem from vertical integration is the collapse of goals among the various firms in a supply chain. With each firm operating under different systems, integration may cause initial problems in management and production. Vertical integration also proves to be dangerous when monopolistic problems arise in a capitalistic economy. When this happens, competition

20636-598: The supply chain. Vertical integration enabled Ford Motor Company to be self-regulating and self-sufficient. EssilorLuxottica , the company that merged with Essilor and Luxottica , occupies up to 30% of the global market share as well as representing billions of pairs of lenses and frames sold annually. Before the merger, Luxottica also owned 80% of the market share of companies that produce corrective and protective eyewear as well as owning many retailers, optical departments at Target and Sears , and key eye insurance groups, such as EyeMed , many of which are already part of

20790-524: The timid investment and management attitudes of its board, so they explored property and feasibility examinations elsewhere in 1814–1815 and petitioned to build the canal that next year. Upon their return, the company's two founders took over Lehigh Coal Mining Company's mines and mining rights in a 20-year lease. built the Lehigh and Susquehanna Railroad and had its hands in many other northeastern Pennsylvania shortline railroads, spurs, and subsidiaries; created

20944-480: The title of the Lehigh Coal and Navigation Company. By 1823, the two companies delivered over two thousand tons of coal to market. Having displayed great technological skills by creating the world's first iron wire suspension bridge, which spanned the Schuylkill River at their wire works, White and Hazard schemed with other industrialists to secure a reliable source of anthracite. To move the coal to market, they entered political negotiations to acquire rights to tame

21098-429: The trains in specially constructed cars, affording a novel and rather ludicrous spectacle. Thirty minutes was the average time consumed in making the descent, while the weary trip back to the mines required three hours. The wagon road to become gravity railroad ran from what later became Summit Hill along the south side of Pisgah Ridge to Mount Pisgah to the canal's loading chute over 200 feet (61 m) above

21252-436: The turbulent and rapids-ridden Lehigh River for navigation. By 1817–18, they had organized the separate Lehigh Navigation Company and had written stock flyers announcing plans to deliver barge loads of coal regularly to Philadelphia by 1824. The LCMC had trouble delivering Anthracite to Philadelphia at costs cheaper than imported Bituminous Coal from Britain or Virginia. Their last expedition had been sent out in 1813 during

21406-491: The two parties will negotiate tomorrow about how to divide the returns of the investments. Since the owner is in a better bargaining position, he will have stronger incentives to invest. Hence, whether vertical integration is desirable or not depends on whose investments are more important. Hart's theory has been extended by several authors. For instance, DeMeza and Lockwood (1998) have studied different bargaining games, while Schmitz (2006) has introduced asymmetric information into

21560-408: The undesirable side, when vertical expansion leads toward monopolistic control of a product or service then regulative action may be required to rectify anti-competitive behavior. Related to vertical expansion is lateral expansion , which is the growth of a business enterprise through the acquisition of similar firms, in the hope of achieving economies of scale . Vertical expansion is also known as

21714-512: The war & blockade caused bituminous shortages, and by the time five arks were sent down river, three sank, leaving the directors of LCMC disgusted and unwilling to fund more losses. The company began to prepare plans and surveyed sites, and when the state legislature approved the river work in 1818, immediately hired teams of men and began to install locks, dams, and weirs, including water management gates of their own novel design. The desired opportunity " to ruin themselves ," as one member of

21868-483: The water, throwing up the round river-stones into low walls or wing dams, thus providing a regular descending navigation. It soon became apparent that the carrying out of this plan would not insure sufficient water in seasons of drought to float a loaded ark or boat, and the success of the whole enterprise hung in the balance. White resorted to the expedient of creating artificial freshets. Dams were constructed in Mauch Chunk in present-day Jim Thorpe , and sluice gates of

22022-461: The whole range of tried and untried methods for securing "a navigation downward once in three days for boats loaded with one hundred barrels, or ten tons." The State kept its weather eye open in this matter, however, for a small minority felt that these men would not ruin themselves. Accordingly, the act of grant reserved to the commonwealth the right to compel the adoption of a complete system of slack-water navigation from Easton to Stoddartsville if

22176-619: The winter's fuel shortage but created a temporary glut. After buying out co-founder George Hauto, White and Hazard reworked their lease deal with the Lehigh Coal Mine Company, and merged it with the Lehigh Coal Company, acquiring ownership of its 10,000 acres spanning three parallel valleys in the 14 miles (23 km) from Mauch Chunk to Tamaqua . A few months later, they merged the LCC and the Lehigh Navigation Company. In late 1821, they filed papers to incorporate Lehigh Coal & Lehigh Navigation , which took effect in 1822. As operations managers of

22330-611: Was a pivotal moment in the American Revolution . The Delaware River is named in honor of Thomas West, 3rd Baron De La Warr (1577–1618), an English nobleman and the Virginia colony's first royal governor , who defended the colony during the First Anglo-Powhatan War . Lord de la Warr waged a punitive campaign to subdue the Powhatan after they had killed the colony's council president, John Ratcliffe , and attacked

22484-504: Was developed by Oliver Hart and his coauthors. Consider a seller of an intermediate product that is used by a buyer to produce a final product. The intermediate product can only be produced with the help of specific physical assets (e.g., machines, buildings). Should the buyer own the assets (vertical integration) or should the seller own the assets (non-integration)? Suppose that today the parties have to make relationship-specific investments. Since today complete contracts cannot be written,

22638-403: Was extracted, the coal mines that supplied the coal , the ships that transported the iron ore and the railroads that transported the coal to the factory, the coke ovens where the coal was coked, etc. The company focused heavily on developing talent internally from the bottom up, rather than importing it from other companies. Later, Carnegie established an institute of higher learning to teach

22792-407: Was founded, but management proved weak and tried to operate in an absentee mode. Company personnel ambitiously attempted to trek to the mine site, dig the anthracites, and then use mules to transport bags of it to the Lehigh River , which required cutting down trees and building crude arks near Lausanne Landing and then shooting the Lehigh River's rapids, hoping to reach the river's confluence with

22946-463: Was founded. It was incorporated the following year, in 1793, and the company also acquired 10,000 acres (4,000 ha) in and around Panther Creek Valley and Pisgah Mountain , and the aim of hauling anthracite coal from the large deposits on Pisgah Mountain near what is now Summit Hill, Pennsylvania , to Philadelphia via mule train to arks built near Lausanne on the Lehigh and Delaware rivers. The mining camps were over nine miles from

23100-436: Was fruit, carried by 490 ships, followed by petroleum, and containers, with 410 and 381 ships, respectively. The biggest category of exports was of shipping was containers, with 470 ships. In 2016, 2,427 ships arrived at Delaware River port facilities. Fruit ships were counted at 577, petroleum at 474, and containerized cargo at 431. At one time it was a center for petroleum and chemical products and included facilities such as

23254-586: Was hired to find a western route to Cathay (China), but his encounters set the stage for Dutch colonization of North America in the 17th century. Early Dutch and Swedish settlements were established along the lower section of the river and Delaware Bay . Both colonial powers called the river the South River (Zuidrivier), compared to the Hudson River , which was known as the North River . After

23408-426: Was less likely to succeed. They secured additional investors by forming two companies, the Lehigh Coal Company (LCC) and the Lehigh Navigation Company, and began seeking legislative approval for improving the Lehigh River 's navigation. The desired opportunity "to ruin themselves," as one member of the Legislature put it, was granted by an act passed March 20, 1818. The various powers applied for, and granted, embraced

23562-401: Was subscribed by a patriotic public on condition that a committee of stockholders go over the Lehigh River ground and pass judgment on the probable success of the effort. The report was favorable so far as the improvement of the Lehigh River was concerned. But the nine-mile road from the river to the mines was unanimously voted impracticable. "To give you an idea of the country over which the road

23716-466: Was very similarly named the Lehigh Coal and Navigation Company and was known as the "New Company" in the region. White and Hazard very shortly found themselves on the receiving end of investor criticisms that the improvements and mining operation at Summit Hill were failing and were both considered crackpot schemes. The majority opinion was that improvements were possible, but that coal mining

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