This Day in Business History: The FDIC Is Founded as a Provision of the Glass-Steag ...
June 16, 1933: Following the failure of nearly five thousand banks in 1929, which promulgated the Great Depression, the Glass-Steagall…
This Day in Business History
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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…
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…
This Day in Business History: Commercials for Last Episode of Seinfeld Priced at $2 ...
May 14 1998: Last episode of Seinfeld airs on NBC. Commercials are offered at $2M for 30 seconds. Seinfeld was slow…
This Day in Business History: Empire State Building Opens
May 1, 1931: The Empire State Building opens in New York City, standing as the tallest building in the skyline…
This Day in Business History: McDonald’s Opens First Franchise
April 15, 1955: Ray Kroc opened the first McDonald’s franchise in Des Plaines, Illinois, having purchased the rights to franchise the…
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This Day in Business History: Apple Inc. Is Founded By Steve Jobs and Steve Wozniak
April 1, 1976: College dropouts Steve Jobs and Steve Wozniak founded Apple Computers, Inc. The two wanted to make computers small enough for people to have in their homes and offices. Ever wondered how they came up with the company name? According to...
This Day in Business History: Starbucks opens its first doors in Seattle
March 30, 1971: Well before Howard Schultz walked into the picture, a small coffee shop with a name inspired by Moby Dick opened its doors in Seattle’s Pike Place Market for the first time. What started as a humble coffee...
This Day in Business History: Pan Am Airways Takes Flight
March 14, 1927: Initially designed to be just an air mail and passenger service operation between Key West, Florida and Havana, Cuba, Pan Am grew to be one of the most influential and innovative airline companies of the twentieth century....
This Day in Business History: St. Valentine’s Day Becomes Big Business
February 14, 1913: Hall Bros. of Kansas City, MO (later known as Hallmark) offers its first valentine postcards. Two years later, a fire would destroy all of their inventory, forcing them to buy printing equipment to start mass producing their own valentine...