This Day in Business History: The FDIC Is Founded as a Provision of the Glass-Steagall Act

June 16, 1933: Following the failure of nearly five thousand banks in 1929, which promulgated the Great Depression, the Glass-Steagall Act was signed into law. As a provision, and the Federal Deposit Insurance Corporation was established to protect bank customers’ deposits in the event of future bank failures. Source: The Oxford Encyclopedia of American Business, Labor, Read More …

This Day in Business History: The Birth of CNN and the 24-Hour News Cycle

June 1, 1980: With only 1.7 million viewers, the first 24-hour news cycle channel CNN was launched right here in Atlanta. The low viewership did not stop Ted Turner’s vision, and within three years, CNN gained over 33 million viewers. Now, CNN reaches hundreds of millions of households worldwide, not to mention passengers at every single Read More …

This Day in Business History: The Patent that Changed Fashion

May 20, 1873: Jacob Davis and Levi Strauss, both immigrants to the United States, were granted U.S. patent number 139,121 for Davis’ innovative design using rivets to reinforce stress points in pants. Davis, a tailor in Reno, Nevada, regularly bought fabric from Strauss’s dry goods store in San Francisco and had reached out to him in a Read More …

Goizueta Faculty Interview: Doug Bowman on marketing research trends and the skills today’s business school graduates need to have

Professor of Marketing Doug Bowman joined Goizueta Business School in 1999. Business Librarian Ann Cullen, a frequent collaborator of Professor Bowman for his marketing classes, interviewed Professor Bowman in January 2018. He shares his insights on the complexity of marketing decisions and how shifting the research focus from “asking” to “observing” can lead to better Read More …

This Day in Business History: New York Fashion Week (AKA Seventh on Sixth) launched in 1993

 October 31, 1993: After New York City had hosted a “Press Week” for fifty years where different designers showed in diverse venues throughout the city, in October 1993 for the first time all the shows took place in a single location under tents in Bryant Park and was called Seventh on Sixth. Now called, New York Read More …

This Day in Business History: Walt Disney Takes on a Big Contract and Founds His Epic Company

October 16, 1923: Walt Disney and M. J. Winkler sign an agreement for Disney to produce a series called “Alice Comedies.” Five years before the existence of Mickey Mouse, this date is considered to be the founding of The Disney Brothers Studio. A few years later, in January of 1926, the company would change names to Walt Read More …

This Day in Business History: The Invention of Multiline Insurance

September 12, 1950: The Pennsylvania Insurance Department approves the Insurance Company of North America’s request to go to market with a new “package” that allowed homeowners to insure their properties against multiple risks including fire, theft, storms, explosions, and vandalism, rather than the multiple policies required previously. This innovation saved customers over 20% and has become the standard in Read More …

This Day in Business History: The Story of Cantor Fitzgerald and 9/11

September 11, 2001: September sadly marks the 16th anniversary of the terrorist attacks on the World Trade Center. Being a working day, many lives were lost at businesses in the two towers. The financial firm Cantor Fitzgerald lost the most with the demise of two-thirds of its 960 employees. It had offices on floors just above Read More …