To ensure that folks using WSJ.com with an Emory.edu email are, in fact, still current students, staff, or faculty, WSJ requires users to re-activate accounts each year. If you try to login to WSJ, and it’s acting like you don’t have a subscription, it may be time to re-activate! Follow these simple steps to resume Read More …
August 22, 1966: In St. Paul, Minnesota, a small store called Sound of Music opened its doors to customers in late August of 1966. Fifty years later, Best Buy (the company changed its name in 1983) is a multinational retailer with nearly $40 billion in annual revenue. Source: Company Website Read more from the Goizueta Read More …
July 31, 1912: Milton Friedman is born in Brooklyn, NY. Friedman, winner of the 1976 Nobel Prize for Economics, is best known for his scholarship on the free market economy and monetary policy, namely the quantity theory of money which states that the amount of money in circulation has a direct and proportional relationship to prices. Sources: Milton Friedman: A Read More …
July 23, 1903: The freshly incorporated Ford Motor Company sells its very first Model A, ushering in a new era of transportation for Americans. Having spent nearly all of its initial cash investment of $28,000 prior to its first sale, in less than two months, the company profited $37,000. Source: Ford Motor Company Website Read Read More …
July 20, 1841: On this date, Lewis Tappan founded The Mercantile Agency to collect business information such as sales estimates and bill paying ability. In 1859, the company was sold to Robert Graham Dun and incorporated under a new name, R. G. Dun & Company. And in 1933, Dun & Co. merged with Bradstreet Company, a Read More …
July 17, 1955: On a sunny Anaheim, California Sunday afternoon, Walt Disney opens his first theme park, Disneyland. Offering 5 theme lands with 18 attractions, the park took more than twenty years to plan and cost $17 million to build. Disney’s financial advisers were skeptical of his plan, suggesting that it would be a disaster, but Read More …
July 2, 1962: Sam Walton opens his first Walmart store in Rogers, Arkansas at the age of 44. Sam Walton was no stranger to retail by this time. He worked for the J.C. Penney Company after college, which at that time was a relatively small retailer. After serving in World War II, where he was captain of Read More …
June 1, 1999: The world’s first peer-to-peer music sharing site, Napster, launched on this date. Before Napster, music lovers were limited to purchasing music as hard copies on CDs, vinyl, or cassettes. Napster enabled users to share music files in MP3 format, initiating a massive disruption in the music industry. Within just a year of Read More …
May 17, 1792: Outside of 66 Wall Street, under a buttonwood tree, 24 stockbrokers and merchants signed what became known as the Buttonwood Agreement, which established The New York Stock Exchange. The very first listed company on the exchange was Bank of New York. Source: History of the New York Stock Exchange via Library of Congress Read more Read More …
April 15, 1955: Ray Kroc opened the first McDonald’s franchise in Des Plaines, Illinois, having purchased the rights to franchise the restaurant across the country from the founders, Maurice and Richard McDonald. To announce the grand opening, Kroc ran in add in the Des Plaines Journal, advertising “speedee service” and “plenty of free parking,” along with Read More …
