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…
This Day in Business History
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This Day in Business History: Happy Birthday, Jim Henson!
September 24, 1936: Jim Henson, creator of the Muppets, was born in Greenville, Mississippi. His passion for puppets started in…
This Day in Business History: Lehman Brothers Files for the Largest Bankruptcy in A ...
September 15, 2008: After arduous but unsuccessful negotiations with the federal government and the leading investment banks of the world,…
This Day in Business History: Best Buy Celebrates its Golden Anniversary
August 22, 1966: In St. Paul, Minnesota, a small store called Sound of Music opened its doors to customers in…
This Day in Business History: Happy Birthday Otis Elevator!
August 3, 1811: It’s the birthday of Elisha Graves Otis, born 205 years ago in Halifax, Vt. who found his inspiration…
This Day in Business History: Happy Birthday, Milton Friedman!
July 31, 1912: Milton Friedman is born in Brooklyn, NY. Friedman, winner of the 1976 Nobel Prize for Economics, is best…
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This Day in Business History: Ford’s Model A Goes to Market
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,...
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 Act was signed into law. As a provision, and the Federal Deposit Insurance Corporation was established to protect bank customers’...
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....
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...