MarketCarolinas
Company Profile

Carolinas

The Carolinas are the U.S. states of North Carolina and South Carolina considered together as a historical or cultural entity. They are bordered by Virginia to the north, Tennessee to the west, and Georgia to the southwest. The Atlantic Ocean is to the east and south.

History
. Carolina is taken from the Latin word for "Charles", Carolus. The region was claimed as part of the Spanish territory named La Florida by Ponce de Leon in 1513. Santa Elena, a Spanish settlement on what is now Parris Island, South Carolina, was the capital of La Florida from 1566 to 1587. It was founded by Pedro Menéndez de Avilés, the first governor of Spanish Florida. There had been a number of earlier attempts to establish colonies in the area by both the Spanish and the French, who had been inspired by earlier accounts of the plentiful land of Chicora. Menéndez's Santa Elena settlement shifted the focus of Spanish colonial efforts northward from St. Augustine, which had been established in 1565 to drive the French from their colony of Fort Caroline. Santa Elena was ultimately built at the site of the abandoned French outpost of Charlesfort, founded in 1562 by Jean Ribault. The establishment of Santa Elena followed the destruction of the French Fort Caroline by Menéndez in 1565. The Spanish settlement housed a sizeable community, and became the base of operations for the Jesuits and military working in the northern zone of Spanish Florida. From this base the Spanish founded a number of other ephemeral forts as far inland as the Appalachian Mountains, but resistance from local Native American tribes and the lack of interest of Spain in the area, caused these to be abandoned, relocated or destroyed. Santa Elena was ultimately abandoned in 1587, with its survivors relocating to St. Augustine. The Spanish never pressed their colonial claims to the area again, focusing on other areas of the American continent. The territory was thereafter left to the native Americans until October 30, 1629, when Charles I granted a patent to his attorney-general, Sir Robert Heath, for the lands south of 36 degrees and north of 31 degrees, "under the name, in honor of that king, of Carolana". Carolus is Latin for 'Charles'. The charter was unrealized and later ruled invalid. On March 24, 1663, Charles II issued a new charter to a group of eight English noblemen, granting them the land of Carolina, as a reward for their faithful support of his efforts to regain the throne of England. The eight were called Lords Proprietor or simply Proprietors. The 1663 charter granted the Lords Proprietor title to all of the land from the southern border of the Virginia Colony at 36 degrees north to 31 degrees north (along the coast of present-day Georgia). The establishment of separate colonies did not officially occur until 1729, when seven of the Lords Proprietors sold their interests in Carolina to the Crown, and both North Carolina and South Carolina became royal colonies. In 1665, the charter was revised slightly, with the northerly boundary extended to 36 degrees 30 minutes north to include the lands of the Albemarle Settlements along the Albemarle Sound, which had been settled mainly by Virginians migrating south. Likewise, the southern boundary was moved south to 29 degrees north, just south of present-day Daytona Beach, Florida, which had the effect of including the existing Spanish settlement at St. Augustine, an unenforceable overreach of English power. The charter also granted all the land, between these northerly and southerly bounds, from the Atlantic Ocean, westward to the shores of the Pacific Ocean, an even more unenforceable overreach. Between 1663 and 1729 there were many disagreements relating to defense, governance and the difference between the two differing agrarian styles employed by the inhabitants of the Colony of Virginia and that practiced by the planters arriving to Charles Town from the West Indies and Barbados. In 1729 the Province of Carolina was divided when the descendants of seven of the eight Lords Proprietors sold their shares back to the Crown. Only the heirs of Sir George Carteret retained their original rights to what would become the Granville District. Both the Province of North Carolina and the Province of South Carolina became British Crown Colonies in 1729. During the American Civil War (1861–1865), South Carolina was the first Southern state to secede from the Union, while North Carolina was the second to last state to secede. South Carolina was generally one of the strongest supporters of the Confederacy. The war began in Charleston, South Carolina, where cadets of the South Carolina Military Academy, known as The Citadel, fired the opening shots at the Union Ship Star of the West. North Carolina was also a key Confederate state, raising and supplying many regiments of soldiers to the Confederacy. At Gettysburg, one in four Confederate soldiers was from North Carolina, despite the fact that some North Carolinians (especially in the western part of the state) refused to support the Confederacy. North Carolina's Civil War governor, Zebulon Vance, was an outspoken critic of Confederate President Jefferson Davis and frequently refused to obey Davis's orders for reinforcements and supplies; Vance insisted the soldiers and supplies would be needed for North Carolina's Confederate effort. However, during the seven days' battles, North Carolina did send large numbers of troops for the general aid of the South as a whole. The Carolinas were both instrumental in keeping the Confederacy alive, because of their deepwater ports in Wilmington and Charleston. These two cities were key in supplying Southern armies with weapons, clothing, and ammunition, and producing food and provisions for Southern civilians. A Unionist presence would persist throughout North Carolina during the Civil War, with North Carolina forming its own Union Army regiments. In South Carolina, no Union Army regiments were formed due to a smaller unionist presence, although the Upstate region of the state was a haven for Confederate Army deserters and resisters, as they used the Upstate topography and traditional community relations to resist service in the Confederate ranks. ==Culture==
Culture
The culture of the Carolinas is a distinct subset of larger Southern culture. Notably, the coastal Carolinas region was settled by Europeans over a century before the inland regions of the South. There was a particular early influence of Caribbean culture, especially from the English colony of Barbados; from which came many of the early governors during the unified period. Though the two states both make up part of the Southern United States, there are historically a number of differences in the settlement patterns, political development, and economic growth between North and South Carolina. ==Politics==
Politics
During most of the 20th century, South Carolina was a bastion of the "solid Democratic South" with almost no Republican officeholders, and the state frequently elected politicians who were outspoken supporters of racial segregation. North Carolina, while mostly Democratic, contained a large Republican minority—the state voted Republican in the presidential election of 1928 and elected several Republican congressmen, governors, and senators from 1868 to 1928—and North Carolina was widely known as one of the more progressive Southern states on the issue of segregation and civil rights. In 1947, the journalist John Gunther wrote, "that North Carolina is by a good deal the most progressive Southern state will, I imagine, be agreed to by almost everybody." On the other hand, he described South Carolina as "one of the poorest American states, and probably one of the balkiest." In describing the differences between the two states, Gunther noted that, in 1947, divorce in North Carolina "may be granted simply on the ground of absence of cohabitation; South Carolina is the one American state in which divorce is not possible." ==Economy==
Economy
Historically, like much of the South, the Carolinas economy was one based around agriculture production. The predominance of certain crops would help influence the regional economy: Like other [Southern] states, until after World War II, North Carolina remained primarily a region of small farms and factories heavily dependent on just a few labor-intensive crops, relying on sharecropping and tenancy, especially for black laborers. The Carolinas are distinct for their economic dependence on tobacco as well as on cotton and rice, and for their many small-scale furniture, textile, and tobacco factories. skyline in 2018, the largest city and metro area of the Carolinas. These industries gave the Carolinas, particularly North Carolina, a more significant industrial base than most Southern states. As mechanization increased in farming, along with textiles, apparel, and furniture jobs shifting because of globalization, combined with the decline of the tobacco industry, many rural and small urban communities suffered economically. During the late 20th century, both states began to experience growth in the technological and banking sectors, bringing jobs, population growth, and new economic industries. These changes, as with earlier industrialization, were more pronounced in North Carolina, with South Carolina experiencing a slower rate of economic growth for several years. Since the 1980s, North Carolina has emerged as a financial hub with Charlotte becoming the second-largest financial district in the United States after New York City. Charlotte is headquarters to several major publicly traded corporations such as Bank of America, Truist Financial, and the East Coast operations of Wells Fargo, and Centene Corporation, as well as six other Fortune 500 companies, including Lowe's, Duke Energy, Nucor, Honeywell, Brighthouse Financial, and Sonic Automotive. ==Boundary between the states==
Boundary between the states
Plotting the boundary According to the Prefatory Notes to Volume 5 of the Colonial Records of North Carolina, the process of determining the boundary between North and South Carolina began in 1720 "when the purpose to erect a third Province in Carolina, with Savannah for its northern boundary" began. On 8 January 1730 an agreement between the two colonies said for the border "to begin southwest of the Cape Fear River, and to be run at that parallel distance the whole course of said river;" The next June Governor Robert Johnson of South Carolina said the border should start southwest of the source of the Cape Fear "due west as far as the South Sea", unless the "Waccamaw River lyes [sic] within of the Cape Fear river," In 1764, a second extension ran westward. In 1772, after making adjustments to keep the Catawba Indians in South Carolina, "extended in a due west course from the confluence of the north and south forks of the Catawba River to Tryon Mountain." but other locations were marked with trees which no longer stand. Financial problems delayed the last survey until October 2012, meaning the results were not expected to be known until spring 2013. It was found that a gas station and 30 homes could change states. Lake Wylie Mini Market has been located in South Carolina, along U.S. Route 321, and the move to North Carolina would result in higher gas taxes and change laws on beer and fireworks. The state legislatures involved expect to pass laws alleviating the concerns those changing states would face. As of August 2014, the states were expected to pass legislation to mitigate many of the negative impacts to affected landowners. ==Major population centers==
Major population centers
Combined Statistical Areas } Metropolitan Statistical Areas Urban areas Counties Cities == Professional sports ==
Professional sports
The Carolinas have three professional sports teams in the Big Four major leagues: the Carolina Panthers of the NFL, the Charlotte Hornets of the NBA, and the Carolina Hurricanes of the NHL. Supported by both states, the three teams are all based in NC, with two in Charlotte and the third in Raleigh. Professional sports franchises in the Carolinas first formed during the late 20th century. The oldest pro team in the Carolinas, the NBA's Charlotte Hornets, were established in 1988, while the youngest, Major League Soccer's Charlotte FC, were established in 2019. The Hornets were known as the Bobcats from 2004 to 2014, and were renamed the Hornets again in May 2014, one season after the former New Orleans Hornets decided to rebrand themselves as the Pelicans. At that time, the Hornets also regained sole ownership of the pre-relocation history of the original Charlotte Hornets. The Hurricanes formed in 1971 as the New England Whalers of the World Hockey Association. After the NHL-WHA merger in 1979, they joined the NHL as the Hartford Whalers until 1997 when they relocated to Raleigh, North Carolina. Currently, the Hurricanes are the most successful after their 2006 Stanley Cup championship marked the first professional sports title for the region. In 2019, a Major League Soccer team was awarded to Charlotte, and begin play in 2022. Bank of America Stadium currently hosts three major sporting events, the Duke's Mayo Bowl, the Belk Kickoff Game and the ACC Championship Game. Charlotte Motor Speedway hosts three major NASCAR events, the Coca-Cola 600, the NASCAR All-Star Race, and the Bank of America Roval 400. == See also ==
tickerdossier.comtickerdossier.substack.com