Tag: management
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Henry Ford and the Model T
Henry Ford and the Model T. On May 26, 1927, Henry Ford watched the fifteen millionth Model T Ford roll off the assembly line. Henry Ford invented neither the automobile nor the assembly line, but recast each to dominate a new era. Indeed, no other individual in this country so completely transformed the nation’s way…
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J.P. Morgan saves the country
John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel…
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Cyrus McCormick – the industrialization of farming
Cyrus Hall McCormick, Sr. (1809–1884) was an American inventor and founder of the McCormick Harvesting Machine Company. It became part of International Harvester Company in 1902. From the Blue Ridge Mountains of Virginia, he and many members of his family became prominent residents of Chicago. McCormick proved an emancipator of a different sort. The reaper,…
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Robert Morris – America’s First Financier
Robert Morris, Jr. (January 20, 1734 – May 8, 1806) was a British-born American merchant, and signer of the Declaration of Independence, the Articles of Confederation, and the United States Constitution. As the richest person in America during the Revolutionary War, Robert Morris was commonly known by the single name that encompassed his profession, his…
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