when did mccrory's go out of business
McCrory Stores In 1989, 1,300 stores were operated by the McCrory company. However, as the decade turned, its fortunes decreased, and by 1992 it filed for bankruptcy. Several rounds of store closures followed, with one of the biggest coming in 1997 when McCrory's shuttered 300 of its last 460 stores. The company also converted some stores to their Dollar Zone format of dollar store, but these closed in early 2002.[4] In December 2001, McCrory Stores announced the remaining McCrory's,[4] TG&Y, G. C. Murphy and J.J. Newberry stores it was operating would begin liquidating and in February 2002 the company ceased operation.[5]
McCulloch v. Maryland McCulloch v. Maryland, 17 U.S. 316 (1819), was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the Bank of the United States. The Court invoked the Necessary and Proper Clause of the Constitution, which allowed the Federal government to pass laws not expressly provided for in the Constitution's list of express powers, provided those laws are in useful furtherance of the express powers of Congress under the Constitution.