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
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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…
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…
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: 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…
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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 to gain a following when it first aired on NBC July 5, 1989 but by its sixth season it was...
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 for 40 years. It is now the fifth tallest building in the United States and the 28th tallest building in...
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 restaurant across the country from the founders, Maurice and Richard McDonald. To announce the grand opening, Kroc ran in add...
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...