Famous Businesses That Started in a
The following 10 major
corporations were started during economic slumps.
- Hyatt Corp. opened its first hotel at
the Los Angeles International Airport during the recession
of 1957 to 1958.
- FedEx Corp. began
operations on April 17, 1973 as Federal Express by founder
Frederick W. Smith. The company delivered 186 packages to
25 cities on its first night of
- Microsoft Corp. was
created by Harvard University dropout Bill Gates, Microsoft
was located in Albuquerque, N.M when it
- CNN was started in
recession year 1980; it was a little-known station called
The Cable Network News.
- MTV Networks debuted in
the economic slump of 1981.
- Trader Joe's started as
Pronto Markets in the slow financial times of 1958. In
1967, the company changed its name to Trader
- Sports Illustrated
magazine launched in August 1954 at the tail-end of a
(General Electric Co.) born in 1876 was
established during a six-year recession in 1876 by American
inventor Thomas Edison. By the way, Edison one time said,
"There are no rules around here. We are trying to
(Hewlett-Packard Development Company LP) was
stared with a $538 investment in a Palo Alto garage at the
end of the Great Depression.
- Burger King Corp. is
another recession startup. The company began in 1954 during
an economic downturn.
Copyright 2010 by
Ernie Zelinski — All Rights