Six Very Short Stories about Business History
Today we republish an excerpt from the book I wrote twenty-one years ago, including some short but sweet diverse business history stories. The original has been slightly edited and we have added a few more pictures. (The complete book, expanded but only available as...
Gimbel Brothers Department Stores: Dust to Dust
The retailing industry is a continuous story of the rise and fall of companies. No enterprise stays on top forever in this highly competitive field that touches our lives every day. Today we look at a company, now long forgotten, named Gimbel...
Fast Food Before Fast Food: The Original Food Trucks
In the nineteenth century, restaurants were patronized by the wealthy and by travelers (at stagecoach stops, inns, and on trains and in train stations). Most workers brought their lunch from home. Over time, especially in cities, diners had more options....
America’s Largest Airlines 1950-2019 in Two Animated Charts
The United States airline system, one of the technological and business wonders of the twentieth century, evolved in the 1920s and 1930s. With early subsidies from the Post Office for carrying mail, airplanes began connecting US cities. With successive air...
Two Books: The American West and Business History
July 9 is the deadline for our high school essay contest, with $7500 in prizes, including $3000 for the best essay. PLEASE SPREAD THE WORD! …. and, by the way, this is the 100th issue of our free weekly newsletter! Today we recommend two books for our fellow...
Gone with the Wind: Amazon Spends $8.45 Billion but Doesn’t Get the Best of M-G-M
In order to bolster their Amazon Prime Video streaming service, Amazon is buying the legendary M-G-M, probably the most famous of the great movie studios, for $8.45 billion. This will be the second biggest acquisition in Amazon’s history, exceeded only by its...
Ahmet Ertegun: America’s Greatest Music Man
This article first appeared in the Archbridge Institute’s American Originals Series. Ahmet Ertegun did as much as anyone to shape the popular music that serves as the soundtrack for our daily lives. As the founder and leader of Atlantic Records for almost sixty years,...
Business History on the Rise
On May 8, 2019, two years ago, four of us launched the American Business History Center. As enumerated below, we are pleased with the growth of our weekly newsletter and our website traffic (shown above). Your donations have helped us continue our work and will help...
Americans Vote with Their Feet
Last week, the Census Bureau published their annual estimates of population, as of July 1, 2020. Population trends underly all economic activity, so we study that data as soon as it is released. The fastest growing and shrinking cities and metropolitan areas...
Superwealth: A Historical Perspective
Few business subjects fascinate people as much as the very wealthy. Our obsession with celebrity goes back centuries but seems to have accelerated in recent decades. Forbes produced its first list of the richest Americans in 1982 and later started publishing it...
Success Lost & Found: Sherwin-Williams
While most big companies disappear over time (as shown in our recent newsletter), some figure out how to survive and prosper decade after decade, even century after century. But is the journey from founding to long-term durability a straight path? Today...
Big Rich, Big News, & A Short Book
Big Rich Forbes magazine just released their annual list of the richest people in the world, topped by Jeff Bezos at $177 billion and Elon Musk at $151 billion. Computer scientist and founder of the incubator Y Combinator Paul Graham has written an excellent...
Bye Bye, New York
One of the most significant shifts in American business over the last several decades has been the shrinking number of big corporations headquartered in New York City. At first, some moved “upstate” to the New York suburbs and to Connecticut. But more...
What Became of That Railroad?
On March 21, 2021, the Canadian Pacific Railroad announced that it was buying the Kansas City Southern Railroad for $25 billion. To understand the strategic and geographic implications of this very important business deal, we must first go back in time. ...
Giant Companies Rarely Survive
A careful study of this week’s list will show you the huge American industries which once dominated stock markets, employment, and community life, but which are not as important in the age of Amazon and Google. Our readers know we love lists. There are few other...
Retailing Trends 1992 through 2020
The $6.3 trillion US retailing industry has evolved continuously since the end of the Civil War, when the first chain grocery stores and first department stores began to develop. This chart, based on data from the US Census, shows how the different types of...
Business History Podcast and Video
Friends of Business History, I have been doing a lot of podcasts and interviews recently. I always make plenty of historical references. But when they are primarily about the present and future, I put them up on my other website, https://hooversworld.com/ and...
Student Essay Contest $3,000 First Prize
The American Business History Center is proud to introduce our first annual Business History Essay Contest for High School Students. This is a chance for students to learn about businesses and how they are built, that they are human ventures and have human stories and...
Upcoming Event on Sun March 7 at 9 PM EST
Tune in to the History Channel on Sunday, March 7, at 9 PM Eastern time, to see my appearance in their series The Food That Made America in an episode about “the Cola Wars.” I will see it at the same time you do, so I make no predictions about how nice I will look or...
Forgotten Business Giant: Charles M. Schwab
We are all familiar with the visionary entrepreneur Charles R. Schwab who pioneered the discount stock brokerage industry in the 1970s. But almost no one remembers the unrelated Charles M. Schwab, one of the most important business leaders in American history....
American Business History Center On the History Channel
We at the American Business History Center are delighted to announce that we will soon make our first appearance on national television! Last year, the producers of the History Channel series “The Food that Built America” approached us for research on several stories...
Tech Wars: RCA and the Television Industry
From the telegraph to the modern age, high technology has seen continuous innovation, followed by the rise of numerous competitors, then consolidation into fewer companies, and finally decline. Here is one of our favorite stories. The advent of television rivals...
What Became of My Stockbroker?
Few industries have seen as many acquisitions, mergers, and name changes as the American stock brokerage and investment banking industries. Perhaps only the equally old railroad industry has seen more such activity. These firms have been called wire houses...
From Hero to Hated: America’s Most Tragic Entrepreneur
This article was first published on the Archbridge Institute website. Few business leaders or entrepreneurs in American history have done more to enable progress and prosperity than Samuel Insull, a name little known today. Yet eighty years ago, he was one of the most...
Office Machines, Forerunners of the Computer
Welcome to 2021! In 2020, our first full calendar year of operation, these American Business History newsletters have been read over 90,000 times. The number of pages viewed on our website rose from 1,500 per month at the beginning of 2020 to 4-5,000 a...
Two Entrepreneurs Who Helped Create Florida
Every state has a fascinating history, including the role of business and entrepreneurship. The swamp that was much of Florida did not develop until the late 19th and early 20th centuries. Two men, both named Henry, were perhaps the most important in that...
Venture Capital: A History
This post was originally published by Advisor Perspectives, http://www.advisorperspectives.com, under the title, “The History and Future of Venture Capital Investing,” on July 8, 2019. Is venture capital a good investment? For long periods in the past, the best VC...
Music for the Millions: The Wurlitzer Story
Rudolph Wurlitzer and his sons Howard and Farny Wurlitzer The Wurlitzer Company is one of the most interesting companies we have studied. At their peak, their slogan was “Music for the Millions.” Here is the story of this formerly great company, based on...
Giving Tuesday: Help Us Encourage the Next Generation
Today is Giving Tuesday, a national event to support non-profit organizations like ours. Many of America’s young people have had little or no exposure to free enterprise beyond buying things. High school students seldom know the real stories of...Support Us
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