This Day in Business History: Inventor Garrett Morgan Granted Patent for the Automa ...
November 20, 1923: Patent #1,475,024 was granted to inventor Garrett Augustus Morgan for his automatic traffic signal. Morgan, who had…
This Day in Business History
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This Day in Business History: Happy Birthday, Peter Drucker!
November 19, 1909: Peter Drucker, widely considered the inventor of of management, was born on this day in 1909. He described…
This Day in Business History: Happy Birthday, Mr. Goizueta!
November 18, 1931: Roberto C. Goizueta is born in Havana, Cuba. He studied chemical engineering at Yale University and after graduating…
This Day in Business History: Charles Van Doren testifies in Congress about TV game ...
Nov 2, 1959: Charles Van Doren admitted to a House subcommittee that he was provided advance knowledge of the questions…
This Day in Business History: Happy Birthday, Procter & Gamble!
October 31, 1837: Two European immigrants, William Procter and James Gamble, happened to marry sisters Olivia and Elizabeth Norris in Cincinnati…
This Day in Business History: Opening of the Erie Canal
October 26, 1825: Although construction first began in 1817, the Erie Canal did not officially open until October 26, 1825….
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This Day in Business History: The Black Monday Stock Market Crash
October 19, 1987: As a call-back to the October 28, 1929 stock market crash on Black Tuesday, Black Monday refers to the October 19, 1987 stock market crash during which the Dow Jones Industrial Average (DJIA) fell 508 points (22.6% of...
This Day in Business History: Henry Ford’s Model-T hits the market
October 1, 1908: Also known as the Tin Lizzie, the Leaping Lena, and the “flivver,” the Model T was designed to be an accessible automobile for the masses. Inventor Henry Ford innovated the car making process by implementing assembly line...
This Day in Business History: NYSE Ends Saturday Session
September 29, 1952: The New York Stock Exchange ended the Saturday trading session to create a five day work-week. To even out the reduced number of days, a half hour was added to the close of the Monday-Friday trading sessions....
This Day in Business History: Honeywell Retreats from Computer Market
September 25, 1986: Honeywell announced partnership discussions to join one of its computer operations with the Japanese firm NEC and France’s Groupe Bull. This consolidation was in part due to IBM’s large market size, controlling over 50% in 1986. According...