Foundation and First Mentions
The history of Hancock is inextricably linked to the legendary "copper boom" of the mid-19th century that swept across the Keweenaw Peninsula. The city was officially founded in 1859 on the steep northern shore of Portage Lake. The settlement was named in honour of John Hancock, a renowned American statesman and the first signatory of the US Declaration of Independence.
Key Factors of Development
The rapid transformation of a small settlement into a thriving industrial centre was driven by a combination of several important circumstances:
- Influence of the Quincy Mining Company: The main engine of the economy was the famous Quincy Mine, nicknamed "Old Reliable". It was this company's success in copper mining that ensured the city's financial stability and influx of investment.
- Geographical Advantage: The location on the banks of the navigable Portage Lake canal played a strategic role. The waterway allowed for the efficient transport of mined ore to processing plants and the delivery of heavy equipment and supplies to the region.
Early Cultural and Economic Features
From the moment of its foundation, Hancock was formed as a multi-ethnic city. The high demand for skilled labour in the mines attracted a wave of immigrants from Europe, particularly from Cornwall and Ireland. However, the massive influx of Finnish settlers became defining for the city's identity.
By the end of the 19th century, Hancock had established itself as the cultural and religious centre of the Finnish diaspora in the USA. An important milestone was the founding of Suomi College (later Finlandia University) in 1896, which added the status of an educational hub preserving Scandinavian traditions to the industrial city.