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 cards in 1916. No one knows the exact origins of the holiday, but it’s predecessors…

This Day in Business History: Apple Macintosh Goes on Sale

Jan 24, 1984:  The Apple Macintosh computer first goes on sale, featuring a graphical user interface and a mouse.  Two days prior to the sale, Apple announced the new computer’s launch via a dramatic ad during Super Bowl XVIII.  In the first three months after the launch, Apple sold over 5,000 Macintosh computers. The One Device: The Secret…

This Day in Business History: Happy Birthday, André Michelin!

January 16, 1853: André Michelin, founder of Michelin Tire Company, is born in Paris. Michelin took over his family’s failing farm equipment company, which manufactured rubber parts such as belts and valves, in 1886. A few years later, he was approached by a cyclist who was having trouble with his tires. At that time, bicycle…

This Day in Business History: Burj Khalifa opens

Jan. 4, 2010:  Burj Khalifa in Dubai, U.A.E., opens as the worlds tallest building at 2,717 feet (828m).  At over 160 stories tall, it also has the highest occupied floor in the world.  The building includes 900 residential apartments, office space and a 304 room hotel, as well as an observation deck. Sources: Burj Khalifa…

This Day in Business History: The European Economic Community Is Formed

January 1, 1958: The European Economic Community, known as the Common Market, becomes official. Belgium, France, West Germany, Italy, Luxembourg, and The Netherlands signed the Treaty of Rome in March 1957, which laid the plan for this trade community, and was later joined by the United Kingdom, Denmark, Ireland, Greece, Portugal,and Spain. East Germany also…

Felicia Kane BBA ’18 Wins Big on Ellen!

Felicia Kane, BBA Class of 2018, wanted to surprise her best friend at Emory with tickets to see their favorite show, Ellen, live. Little did she know that her letter to Ellen would inspire the host to do more than just give them seats in the audience! In additional to the chance to “breathe Ellen’s…

This Day in Business History: Dow Jones closed above 5,000

Nov. 21, 1995: The Dow Jones industrial average closed at 5,023.55, surpassing 5,000 for the first time.  Although it took from 1972-1995 for the Dow  to move from 1000 to 5000,  the next few years saw a rapid rise with the Dow increasing to 10,000 in 1999. The Dow Jones Averages, 1885-1995, by Phillis S….

This Day in Business History: Gillette razor blade patented

November 14, 1904:  King C Gillette patented the Gillette razor blade. This disposable razor was the first safe alternative to the straight razor, which usually required visiting a barber. By selling the replaceable razor blade along with the permanent handle, King established a successful business model still used in razor sales today.   King  founded the…

This Day in Business History: Happy Birthday, James Naismith

November 6, 1861:  James Naismith, credited with inventing the game of basketball, was born in Almonte, Ontario, Canada.  He created the game in 1891 at a YMCA, and later went on to found the University of Kansas basketball program.  Years later, he helped bring basketball at the 1936 Summer Olympic Games.   While there, he presented…