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Factoid: Of the ten largest companies in America before the Great Depression, only GE was still in business after the Depression.
by tootie 4y ago
Factoid: Of the ten largest companies in America before the Great Depression, only GE was still in business after the Depression.
- Aloha 4y agoA quick google search tells me this is false. Everyone of of those companies was certainly in business after the depression, most are today Company 1929 Revenues Standard Oil (New Jersey) $1,523 (SO NJ > Exxon > merged with Mobil Oil to form ExxonMobil) General Motors $1,504 (Reorganized in 2008, Still in Business) Ford Motor $1,143 (Privately held until 50's Still in Business) US Steel $1,097 (Still in Business) Great Atlantic & Pacific Tea $1,054 (Out of Business 2015) Swift & Co. $1,000 (Still in Business, Acquired by JBS SA in 2017 to form JBS USA) Armour & Co. $1,000 (Bought by Greyhound in 1970, divested many ways, impractical to explain without a diagram - probably counts as out of business) Standard Oil (Indiana) $495 (Amoco > Acquired by BP) Sears, Roebuck $444 (Alive? maybe a zombie business) General Electric $415
- wrycoder 4y ago[Factoid] was coined in 1973 by American writer Norman Mailer to mean a piece of information that becomes accepted as a fact even though it is not actually true, or an invented fact believed to be true because it appears in print.[0] [0] https://en.wikipedia.org/wiki/Factoid https://en.wikipedia.org/wiki/Factoid
- Aloha 4y agoI guess he used it correctly ;-)
- sgerenser 4y agoSeems dubious based on this: https://history.stackexchange.com/questions/58635/what-were-the-largest-companies-in-the-world-before-and-after-the-great-depressi https://history.stackexchange.com/questions/58635/what-were-...