GM started during the 1908 recession. Founder Billy Durant had made a fortune making horse carriages. There were 253 U.S. automakers. Durant wanted one company with lots of brands. Buick was the first (he worried it might be pronounced “Boo-ick.”) Oldsmobile was next. pic.twitter.com/ooUWzofjFH — Jon Erlichman (@JonErlichman) August 6, 2022
GM started during the 1908 recession. Founder Billy Durant had made a fortune making horse carriages. There were 253 U.S. automakers. Durant wanted one company with lots of brands. Buick was the first (he worried it might be pronounced “Boo-ick.”) Oldsmobile was next. pic.twitter.com/ooUWzofjFH
Kraft started during a recession in 1903. James Kraft rented a wagon with a horse named Paddy. He sold cheese to local grocers, who liked the convenience. But it was hard to keep fresh. He spent years working on a process for sterilizing cheese… …hence, processed cheese. pic.twitter.com/L567bHJpNM — Jon Erlichman (@JonErlichman) August 6, 2022
Kraft started during a recession in 1903. James Kraft rented a wagon with a horse named Paddy. He sold cheese to local grocers, who liked the convenience. But it was hard to keep fresh. He spent years working on a process for sterilizing cheese… …hence, processed cheese. pic.twitter.com/L567bHJpNM
Goldman Sachs was founded during the recession in 1869. It was a one room office. Marcus Goldman had been a teacher. A German immigrant, he worked as a shopkeeper before loaning money to local merchants… …and eventually building a massive commercial paper business. pic.twitter.com/oWsfGWz6VZ — Jon Erlichman (@JonErlichman) August 6, 2022
Goldman Sachs was founded during the recession in 1869. It was a one room office. Marcus Goldman had been a teacher. A German immigrant, he worked as a shopkeeper before loaning money to local merchants… …and eventually building a massive commercial paper business. pic.twitter.com/oWsfGWz6VZ
There have been lots of headlines about a recession. While recessions can be tough, new companies get started everyday. Here are 32 well known businesses that launched during recessions…???? pic.twitter.com/rnO02I6aHu — Jon Erlichman (@JonErlichman) August 6, 2022
There have been lots of headlines about a recession. While recessions can be tough, new companies get started everyday. Here are 32 well known businesses that launched during recessions…???? pic.twitter.com/rnO02I6aHu
