2 Clyde Barrow and his feminine companion Bonnie Parker, popularly generally known as Bonnie and Clyde, had been notorious American criminals who had a two-year-long spree from 1932 to 1934 throughout which they engaged in a string of robberies in Texas and surrounding states. Henry Ford: The Legendary Man. What was the main effect of entrepreneurship? He made cars affordable to the average person by building cars in high volume for the first time. Ford started his profession as an engineer however later give up his job to develop into an entrepreneur. He was the first of six children born to Irish-born William Ford and his wife Mary. His beginnings were perfectly ordinary. By the late 1920s, the Ford Motor Company had about 20 overseas assembly plants across the world, including in Europe, Canada, Asia, South Africa, Australia, and Latin America. A leader earns the trust and respect of his team by demonstrating positive work qualities and confidence, then fostering an environment that proliferates these values through the team. He was always looking for ways to improve his products and make them more accessible. He had many characteristics that would shape whom he was to become. In 1915, Ford gathered up a lot of fellow pacifists and sailed to Europe, hoping to encourage troopers on all sides to go on strike and derail leaders who he believed had been financing the War to End All Wars. The base principal is there but it has been refined many times over to create the manufacturing centers that we have today. You can tour the 2 estates now theyre dwelling to a botanical backyard and museum, rehabbed within the 2000s, and now listed on the U.S. National Register of Historic Places, Henry Ford interesting facts. We have lightbulbs to see in the dark, computers to connect with the world, and stoves to cook our food; however, nothing serves as significant and hard to live without purpose for us as transportation does. James D. Nicholas 2.3. He constructed a complete city smack in the course of the Amazon, 3. When Fords brother-in-law E.G. Henry Ford had all these characteristics, but it took him many years to develop all of them fully. The hottest and aggressive of those tales had been then compiled and printed in a four-volume set of booklets titled The International Jew. Henry Ford had great ambition and he had a great confidence about himself and he truly believed his dreams come to true and he succeed. In 5 minutes or less, this free 10 question quiz will help youll find out if a Career in Real Estate is Right For You. Hes an interesting determine, characterized as certainly one of historys great innovators, a wild idealist, a champion of the common particular person. Young Henry Ford 3 https://www.linkedin.com/in/hernan-porras-50b1aa/ business plan of entrepreneur entrepreneurs relief benefits entrepreneurship definition joseph schumpeter . To this Ford replied: If they want to elect me let them do so, but I wont make a pennys investment. Know Your Market. "Failure is simply the opportunity to begin again, this time more intelligently," "The way to learn to do thing is to do things. Ford was born in Dearborn, Michigan on July 30, 1863, which used to home his fathers farm. Ford is steadily credited for pioneering the five-day, 40-hour workweek diminished from six days and 48 hours believing leisure time was not solely useful and worthwhile for his staff, but additionally one thing to be loved by all social and economic lessons. And named it Fordlandia. An entrepreneur is tenacious and will do whatever it takes to see their plan through, regardless of setbacks and barriers. Kingsford brokered the location choice for Fords charcoal manufacturing plant, Ford named the corporate Kingsford Charcoal in his honor, Henry Ford interesting facts. View Henry Ford.docx from MARKETING 123 at Oxford University. For this goal, he established a relationship with American agricultural scientist George Washington Carver. In 1911, Ford bought the property adjoining to the southwest Flordia trip retreat of his idol, Thomas Alva Edison, and constructed his personal winter dwelling. - Henry Ford. 9. He wanted to finance his work in the future. Henry Ford was an individual who had acquired the trait of being persistent and carried it without resignation. His Ford Motor Company went on to grew to become the dominant vehicle producer with its Model T car capturing 50% of the American market. In 1926, Henry Ford purchased the Redstone School House in Sterling, Massachusetts. More than any other individual he was responsible for transforming the automobile from an They get up early and work hard all day . Perhaps it goes without saying that this was certainly one of his wackiest, most idealistic tasks, and it wound up being his personal Burden of Dreams.. This type of move was characteristic of Fords overall business strategy, as he was an engineer before a businessman. Devised Engagement-Ring Custom 7 This vehicle boasted more than 26 horsepower and led to the creation of the Henry Ford Motor Company. However, the ensuing vehicles had been nowhere near what Ford had in thoughts, with inferior high quality and high worth. 4) Flexibility. He worked part-time on the Westinghouse Engine Company. Introduction 3 In 1927, he purchased a piece of property the size of Connecticut with the intention of constructing civilization across the business of harvesting rubber for automobile tires and ended up dropping his hind finish. There is a Great Spirit. There was a riot, resistance to the meeting line by native staff, and devastation of the rubber crop by bugs. Successful startups rarely start out with the product that becomes their bread and butter, it's usually a careful process of learning, building, and measuring- Lean Startup Style. At the time, the First World War was concerning the finish, and the League of Nations, a worldwide intergovernmental organization to keep up peace, had developed into a right away political chance. Henry Ford had a long curiosity in supplies science and engineering. Henry Ford (1863 1947) was an American industrialist who is without doubt one of the most famed business magnates of the 20th century. A great businessman, For was able to use the initial popularity to his advantage in propelling the Model T, and Ford Motor Company, to the top of the industry. Amazingly, he lost by solely 4,500 votes. Ford Motor Company founder and entrepreneur Henry Ford. 6. As part of our daily lives. Have you ever wondered what made Henry Ford successful as an entrepreneur? There are many attention-grabbing particulars from Fords life. By the time the U.S. entered the warfare in 1917, Ford crops started producing weapons, airplane engines, and boats for the hassle. He in actual fact labored as an engineer in his early profession. To name a few, entrepreneurs are creative thinkers, resourceful, passionate, highly motivated, willing to take risks, and able to persevere through hardship. He efficiently launched the Mercury line, and was key within the firms acquisition of the posh Lincoln brand; he additionally was a major supporter of the humanities in Detroit and financed exploratory expeditions, certainly one of which resulted in an Antarctic mountain range being named after him. The International Jew was translated into German in 1922 and went on to affect a number of people together with Baldur von Schirach, who went on to develop into national youth leader of the Nazi Party. In fact, it was in the summer of 1899 that industrial giant Henry Ford left his position as chief engineer at the Edison Illuminating Company's headquarters to concentrate on automobile. From special offers to our series of popular Enthusiasts eNewsletters, you can tailor the information youd like us to deliver directly to your inbox. As Project Curator, I will work with Project Collections Specialist-Cataloger Katrina Wioncek and Project Imaging Technician Cory Taylor, as well as other staff from The Henry Ford, to identify and provide access to these stories through our Digital Collections and related content, including blog posts like this one.The Henry Fords founder and namesake is one of the best-known American entrepreneurs. He is the one American talked about in Hitlers Mein Kampf, 33. - Henry A. Ford. His key to success as an entrepreneur was innovation and the ability to recognize the opportunity. References 8 Ford grew to become Chief Engineer of the Edison Illuminating Companys primary plant in 1893 and was on-call 24 hours a day to maintain Detroits electrical energy operating. In Huxleys dystopian society, the phrase My Lord is replaced with My Ford, and the Christian cross has been changed with a T, after the Model T. Its not essentially the most flattering use of the name, contemplating Huxley was vital of mass manufacturing and its effect on individuality. He was able to make automobiles less expensive by inventing the moving assembly line. No doubt, Ford was an advanced man, and that is his ugly underbelly. References 8 Allegedly Clyde even wrote a letter to Henry Ford by which he thanked Ford for the fantastic car he had constructed. The aviation line shut down in the course of the Great Depression, though manufacturing would begin up once more throughout World War II. Womack described the automobiles that Henry Ford first made as being made in a stall and that the worker had to fit the parts to it by hand until the vehicle was done. A prolific innovator and shrewd businessman, Ford was responsible . Henry Ford, father of mass production and also popularly called the father of assembly line automation production, was a man of great qualities, both inside the factory and outside. A Robber Baron is a businessman who obtained wealth through cruel manors. So in 1891, Ford began devoting his spare time to building what he called the "Quadricycle"-a crude contraption that consisted of two bicycles placed side by side, powered by a gasoline engine.. He is also very smart for example on this website http://www.history.com/topics/henry-ford It says that he created the Model, Innovation requires self-confidence, a taste for taking risks, leadership ability and a vision of what the future should be (Henry Ford). An individual who will review and operate the certain venture will be termed as the visionary of business. He believed that they restricted productiveness with a view to improving employment and infrequently instigated strikes in a bid to keep up their energy. View Henry Ford2.docx from ENT 500 at Ryerson University. - Organizations that were extremely decentralized, although concentrated within a single city. Flexible. Henry despised farm work, however, and refused to take over the business. This was the catalyst for his meeting line thought. He patented a car constructed nearly solely of agricultural plastic, 3. It is really important for an entrepreneur to gain their success. Ford transformed the construction, which was getting used for storage, back into a correct faculty: Classes had been taught on the Redstone School House till 1951. Henry, before being successful had initiated 2 other companies pertaining to the sole purpose of developing automobile machinery. Ford demonstrated mechanical ability, and a determination, Henry Ford The makeup of a successful entrepreneur invariably includes: motivation, hard work, focused passion, nonconformity, leadership, street smarts, creativity, and yes, dashes of luck . Following his departure, Ford teamed up with former racing cyclist Tom Cooper to produce the 999, a racer with over 80 horsepower. With time, as Ford grew to become well-known and profitable, the 2 males began a lifelong friendship. Social entrepreneur Lauren Bush Lauren was the first speaker in the William Davidson Foundation Initiative for Entrepreneurship Speaker Series. 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Henry Ford was one of the most brilliant entrepreneurs in creating the automobile assembly line, it was his controversial characteristics and unorthodox approach towards administrating the Ford Motor Company which resulted in the conglomeration of one of the most successful corporations in the world. Is a Career in Real Estate Right for You? Long before Colonial Williamsburg, Ford tried to show Sudbury, Massachusetts Wayside Innthe place Longfellow penned Tales of a Wayside Innright into a dwelling museum of American history. Get the latest news from The Henry Ford. THF112405, Henry J. Heinz transformed the eating habits of late 19th and early 20thcentury America. History of Henry Ford. The Dearborn Independent was a weekly newspaper printed by Henry Ford from 1919 to 1927. Being born to an immigrant parent who had to work his way up in his attempt to achieve the American Dream, Ford learned the value of hard work from a young age. Using wooden scraps from his crops, Ford discovered he might make charcoal briquettes. At the turn of the century everything was booming! The base principal is there but it has been refined many times over to create the manufacturing centers that we have today. Henry Ford the Self Taught Leader an American Innovator Ford was allegedly thanked for his V-Eight vehicles by legal Clyde Barrow, 4. In Aldous Huxleys dystopian society of Brave New World, the world dates its years as Annum Fordum, or Year of Our Ford. Huxleys characters also use Henrys name as Our Ford instead of Our Lord.. This was a success. There are many attention-grabbing particulars from Fords life. one-seater mini-plane with a 23-foot wingspan, operating on a 35-horsepower Ford engine, calling it the Ford Flivver. Fords curiosity in flying led to 2 extra improvements, one successful, the opposite an enormous flop, Henry Ford facts. Three years later, he left home for Detroit to work as an apprentice machinist for James F. Flower & Bros. and later with the Detroit Dry Dock Co. Another three years later, and Ford was back at home, using his new machinist knowledge to improve the efficiency of the family farm. As Ford was one of the crucial famed and influential Americans of the time, his antisemitic views gave legitimacy to many concepts that will have been given little authority in any other case. Henry Ford was an American industrialist who was born on July 30, 1863, and later passed on April 7, 1947. He as soon as regained the trust of the market by constructing a race car. This was partly as a result of his being an extremely expert driver and secondly as a result of his alternative of vehicles: the Ford V-8 automobiles, Henry Ford facts. Below are ten traits and qualities successful entrepreneurs have, and tips on how you can get those too. Persisting through multiple failures, Ford revolutionized the automotive industry and built a lasting enterprise in the Ford Motor Company. In 1918, Henry Ford stepped down from the presidency of the corporate and went on to ascertain one other firm, Henry Ford and Son. Early Life and Education. His work also had a massive impact on the world, economically and politically. I never did anything by my own volition. 20900 Oakwood Boulevard, Dearborn, MI 481245029, Henry Ford Museum of American Innovation Overview, Teacher's Choice @ Giant Screen Experience, Simmons Graduate Internship: Rare Book Survey Internship, Simmons Graduate Internship: Roadside Collections Processing Project Internship, Simmons Graduate Internship: Science Based Collections Development Plans for the Agriculture and Environment Collections, Henry Austin Clark, Jr. Graduate Internship, Clark Travel-to-Collections Research Fellowship, Diversity and Inclusion Internship Program, Teacher's Choice @ Giant Screen Experience, Educator Professional Development Overview, William Davidson Foundation Initiative for Entrepreneurship. Introduction When he was a younger man, Ford repaired watches for his associates and familyand he made his personal instruments to do it. Not liking his farming life and his studies in school, Ford set off at the young age of sixteen to the nearby town of Detroit to work three years as a machinist's apprentice. by Samantha Johnson, entrepreneurship. Regardless of their personality type, most famous entrepreneurs possess certain traits that help drive their desire and success. Henry Ford is influential because of his accomplishments characteristics and his pivotal moments. Introduction 1 Henry Ford Name Institution 2 Description of the entrepreneur venture Henry Ford is an entrepreneur who was born in the city of His most important qualities included his vision, determination, and ability to inspire others. Your employees need to be rewarded and feel rewarded. He would get a group of boys and build things together, he learned about steam engines by becoming friends with the men who would run them, and he taught himself to fix watches. Click the drop-down menu below and make your selection. 2 car, a stripped-down Model T, was the first to cross the end line after 23 days on the street. The design was placed on paper, but the engineers agreed, to a man, that it was simply impossible to cast an eight-cylinder engine-block in . Well, a form of, possibly. Motivation and Reward Craft production had these major specifications; Henry Ford (July 30, 1863-April 7, 1947) was an American industrialist and business magnate best known for founding the Ford Motor Company and promoting the development of the assembly line technique of mass production. More than any other individual he was responsible for transforming the automobile from an Henry Ford the Self Taught Leader an American Innovator When Ford's brother-in-law E.G. The Wright Brothers were fantastic inventors their greatest invention being the first powered, controlled airplane. You need to see opportunities, find innovative ways to do things and bring solutions to the public. by. Schirach said: I read it and became antisemitic. Begin with the determination to succeed,. Entrepreneurship can be termed as the statement that can help in the creation and development of innovative services and products for the consumer within large competitive marketplace. The following day, images of the injured UAW members had been printed in newspapers and the conflict grew to become notorious because of the Battle of the Overpass. In 1914 Ford supplied its employees double the present market common, creating Henry Fords $5-a-day. The new wage, accompanied by a shorter working day and firm revenue sharing, minimized employee turnover and was important in raising the center class and truthful wages motion. He sued for $1 million after the paper labeled him an ignorant idealist and an anarchist. Here Heinz is in a cucumber field encouraging and motivating his workers. Henry, as a young child, was a very ambitious kid. The test tube can be found in the Henry Ford Museum. He had many characteristics that would shape whom he was to become. His model was copied by every other automobile company soon after, becoming a blueprint for the entire automotive industry. Theres some debate about who did it first, however, he undoubtedly popularized the motion, mockingly saved alive by the identical labor unions Ford battled his complete life, resulting in the federal normal and regulation. THF242526. However, there is a certain knowledge that is essential for a successful flow of operations in the entrepreneurship business. Henry Ford, the founder of the American automaker Ford Motor Company, is widely recognized not only for his accomplishments, but for his way of thinking and leading. But three years later, he was hired as an engineer at Edison Illuminating Company. Being an entrepreneur is about beliving in your product, and always satnding behind it, even when its not convenient or people arent quite yet living up to buy it. Also, between 1914 and 1924, Ford and Edison toured the eastern U.S. in Ford vehicles for a collection of tenting journeys. As part of our daily lives. From his conception to the end of his years the impact that he made in business management. Whether your vision inspires you to change the world and have an impact on all humans, or if your aspirations do not have as far reaching of an impact, the skills needed to achieve entrepreneurial success will always be the same: drive, determination, commitment and passion! When Ford was 13 years old, his father gifted him a pocket watch, which the . However, it by no means caught on. - A work force that was highly skilled in design, machine operations, and fitting. Highly self-motivated Its about harnessing the integrity needed to make people realize what an truly valuable offering you can provide. The assignment takes into account two entrepreneurs from two different eras, one from 1900-1950s era and the second from the 21 st century. Study with Quizlet and memorize flashcards containing terms like Which of the following are goals of the business plan for a new entrepreneurial business?, Identity a characteristic of venture capital start-ups, Large firms can obtain ______ _____ _____ in some industries because of their ability to operate on a larger scale than can a small firm. - The use of general-purpose machine tools to perform drilling, grinding, and other operations on metal and wood. The growth of the economy and stock market increased the job opportunities as well as morals. Henry Ford was a successful entrepreneur because he never stopped learning. He is great entrepreneur, charismatic personality, great leader, hard worker, risk taker and he had an unbeatable great qualities as an entrepreneur and it cannot be compare to another entrepreneur in world. Invention of unknown utility into an innovation that profoundly shaped the 20th century and still 1. Additionally, four Entrepreneurs in Residence (EIRs) beginning with local urban farmer Melvin Parson will foster entrepreneurial learning for both youth and adults by engaging the EIRs expertise in a project that connects The Henry Ford and the broader entrepreneurial community. The president wrote to Ford: You are the only man in Michigan who can be elected and help bring about the peace you so desire. Soybean-based plastics had been utilized in Ford vehicles all through the 1930s in plastic components similar to automobile horns, in paint, and so on. Innovators change things, they take their own ideas, Being able to not hav to rely on public transportation like the Subway was revolutionary. Hes additionally been labeled semi-literate, and, sure, an inspiration for Adolf Hitlers Third Reich, Henry Ford facts. "Apprentice yourself in failure." When he began his career at twenty-three, he suffered through a great loss. He had four siblings, two sisters and two brothers, and gained a reputation as a watch repairman at the young age of 15. He infamously printed antisemitic materials and was talked about by Adolf Hitler in his guide Mein Kampf. Many experts describe entrepreneurship as the act of launching and managing a business venture. Record-keeping skills Characteristics of an Entrepreneur. Aldous Huxleys 1932 satirical basic Brave New World is set on a timeline before or after Ford, with 1908 the year the first Model T rolled off the assembly line acting as a year zero. Moreover, the infamous legal Clyde Barrow allegedly thanked Ford for his vehicles as they helped Clyde escape pursuing policemen. Hes additionally been labeled semi-literate, and, sure, an inspiration for Adolf Hitlers Third Reich, Henry Ford facts.He infamously printed antisemitic materials and was talked about by Adolf Hitler in his guide Mein Kampf. He was passionate about providing a quality product and supported a strong working relationship with his employees. In Greenfield Township, Michigan, on July 30th of 1863, Henry Ford was born with a destiny that he would later fulfill. Invention of unknown utility into an innovation that profoundly shaped the 20th century and still He spearheaded the ill-fated Peace Ship to finish World War I, 18. He conducted personal experiments on gasoline engines, which culminated with the completed self-propelled Ford Quadricycle in 1896. Although, the companies he introduced, were soon shut down. The U.S. Centennial of Flight Commission acknowledged Ford as a pioneer of aviation in 2002, however, the Ford Airplane Division shut down in 1933 as a result of lackluster gross sales. What are the Qualities of a Successful Entrepreneur? Edsels makes an attempt to salvage the corporate within the wake of declining gross sales had been steadily debated by Henry, who would veto his sons rule. At this point, he resigned from Edison Illuminating Company and founded the Detroit Automobile Company in 1899. While each one is very unique in their own way, many successful entrepreneurs have similar characteristics: Hard work - Most entrepreneurs are hard workers. The journeys additionally served as ads for Ford vehicles and Firestone tires, producing headlines like Millions of Dollars Worth of Brains off on a Vacation. These traits include: . ENTREPRENEUR TRAITS FORESIGHT. Soon after it began, the Dearborn Independent started operating a collection of articles that claimed an enormous Jewish conspiracy was infecting America. When it came to being a people person, Ford was a genius. To improve your creativity, develop habits that support the creative system. while he was still in his teens Ford was experimenting with ways to shift to machines tasks that men and women had performed since biblical times, writes one Ford biographer. Henry Ford has a quote attributed to him that makes sense. He truly was an inventive, determined entrepreneur with an eye for business. The firm failed and Ford was pressured to dissolve it by January 1901. Henry Ford had all of these qualities, but it took him many years to acquire them entirely. According to John and Dodge (2010), Henry Ford was born on his father's farm in the United States in 1863. Womack described the automobiles that, Abstact And Summary : Racial Identity In Bolivia. He was passionate about providing a quality product and supported a strong working relationship with his employees. 2. Though Henry Ford is thought for the $ 5-day wage and the five-day, 40-hour workweek, he was in opposition to labor unions. Cars changed the way people lived, worked, and enjoyed leisure time; however, what most people dont realize is that the process of manufacturing automobiles had an equally, Make Millions: Henry Ford As a nonprofit, we need your support now more than ever. Automobile manufacturer Henry Ford was born July 30, 1863, on his family's farm in Dearborn, Michigan. At the turn of the century everything was booming! Then the idea was to create an assembly, Contrary to popular belief Henry Ford did not invent the automobile, or the assembly line. The first six months of the initiative will focus on Social Transformation within Agriculture and the Environment two of our collecting areas that encompass transformative social change in the history of how we grow and experience food. 16 Week 135 Hour Real Estate Agent Course and Lifetime Access to a 52 week step by step, week by week, online video course ensuring success. 2.3. The trick labored wonders and Ford was in a position to take over 100% of the possession of the Ford Motor Company. They're resilient and thrive off of the negativity. Henry Ford was an American inventor and business magnate and the founder of Ford Motor Company. It is the result of his persistent efforts that he got a marvellous rise through the establishment of Ford Motor Co. Open-Mindedness He as soon regained the trust of the market by constructing a race automobile and he ran for a place within the United States Senate within the 1918 elections.Of course, everyone knows him because he the inventor of the meeting line, the person behind the motorcar, the holder of 161 patents, as a neo-Renaissance Man of the 20th century who impressed one of many nations biggest historic museums, The Henry Ford Museum of American Innovation and Greenfield Village. In fact, he learned from mistakes and used those experiences to improve his company. Ford began his greatest business plan in 1918 when he turned the presidency of the Ford Motor Company to his son, Edsel Ford. "If I had simply asked people what they wanted, they would have asked me for faster horses!". Farm work and a job in a Detroit machine shop afforded him ample opportunities to experiment. The luxurious resort featured Colonial structure and design and remains to be in operation, owned by Marriott. Stay tuned over the next several months as we digitize related archival material and publish new entrepreneurial digital content! - Organizations that were extremely decentralized, although concentrated within a single city. Examples of successful entrepreneurs that were resilient are Walt Disney, Donald Trump, Steve Jobs, Bill Gates, Henry Ford, or Thomas Edison. Fords official career began when he was hired as an engineer for Edison Illuminating Company in 1891. The Dodge brothers, John and Horace, accepted a portion of the company, and it was reincorporated as the Ford Motor Company we know today. Henry Ford was a successful entrepreneur because he never stopped learning. In 1913, Ford introduced the assembly line into his factories in an effort to make production more efficient and his cars more affordable. Fords success within the auto trade overshadowed his work with issues that left the ground. Failing for Success: Henry A. Ford. One of the characteristics of an entrepreneur portrayed by Hershey on this instance is persistence or diligence to keep on trying the same thing. Bennett was notorious for his intimidation ways in opposition to unions. His key to success as an entrepreneur was innovation and the ability to recognize the opportunity. Those who establish these businesses are called entrepreneurs but what does it really mean to be an entrepreneur?The Parker Brothers honed their own entrepreneurship skills as they became a household name in the board game industry. HENRY FORD 1. After witnessing this success, Murphy and different stockholders within the earlier firm bought collectively to kind the Henry Ford Company on November 30, 1901. When former President Gerald Ford was describing his no-nonsense, model of governing, he was quoted as saying, Im a Ford, not a Lincoln, evaluating President Lincolns eloquence with Lincoln, the posh car firm owned by Ford Motor Company. For-profit entrepreneurs measure success based on revenue or stock increases, while social entrepreneurs can be a blend of for-profit and non-profit agendas, assessing their impact on society while still generating revenue. He as soon as gained 6 cents in a newspaper libel case, 12. As a result of this industrial revolution, Henry Ford: Transforming a Nation & a Dark Side, Atlantis : The Gods Of The Island Of Atlantis, Analysis Of Eheridge Knight's Hard Rock Returns. And sometimes other peoples, and develop and promote those ideas until it has become accepted During its operation, a complete of solely 20 automobiles might be constructed and about $86000 price of investments (equal to $2.61 million in 2019) was lost. 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