Business, the Economy, and World Affairs
Business, the Economy, and World Affairs BUS 1301
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This 2 page Class Notes was uploaded by Mr. Ozzie Morar on Saturday October 3, 2015. The Class Notes belongs to BUS 1301 at Baylor University taught by Blaine McCormick in Fall. Since its upload, it has received 39 views. For similar materials see /class/217948/bus-1301-baylor-university in Business at Baylor University.
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Date Created: 10/03/15
This Day in Business History Exam 2 Review February 24 1955 Steven Paul Jobs is born and soon adopted by the Jobs family of Mountain View California Jobs would grow up to be the driving force behind Apple Computers Pixar Animation Studios iPods iTunes iPhones and numerous failures like NeXT and Apple Newton The Apple Newton lasted from 1989 1998 February 26 1829 Levi Strauss creator of blue jeans is born in Bavaria southern Germany By trade he was a sail maker and he moved to San Francisco in 1849 to outfit ships Instead he outfitted gold rush miners with durable canvas trousers and an apparel revolution began March 3 1998 William H Gates chairman of Microsoft Corporation testifies before Congress about antitrust concerns llWill the United States continue its breathtaking technological advances he prodded llI believe the answer is yes if innovation is not restricted by the government I March 5 1954 It took a quarter century but for the first time since October 26 1929 when the stock market crashed before the Great Depression the Dow Jones Industrial Average hits 300 again March 17 1883 Inventor of the word I capitaism I and one of the world s most influential economists Karl Marx is buried in London s Highgate Cemetery The grave was virtually unmarked a monument stands there now and fewer than 20 people attended March 20 1856 Frederick Winslow Taylor the father of scientific management is born in Philadelphia His 1881 time and movement efficiency studies revolutionized factory work making him both famous and hated March 24 1883 Andrew W Mellon is born in Pittsburgh and by age 27 was running his father s bank He would grow up to become Secretary of the Treasury and cut income taxes from 77 to 25 known as the llMellon Plan llThe history of taxation shows that taxes which are inherently excessive are not paid The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business March 26 1937 Frederick Lewis Maytag dies at age 79 Maytag succeeded by leveraging the technical superiority of his machines as a key selling point
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