entrepreneurship

Clarence Mackay connected the World

Clarence Mackay connected the World

On April 17, 1874, American financier Clarence Hungerford Mackay was born. Mackay was chairman of the board of the Postal Telegraph and Cable Corporation and president of the Mackay Radio and Telegraph Company. He supervised the completion of the first transpacific cable between the United States and the Far East in 1904. He laid a cable between New York and Cuba in 1907 and later established cable communication with southern Europe via the…
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Herbert Henry Dow – Chemist and Industrialist

Herbert Henry Dow – Chemist and Industrialist

On February 26, 1866, American chemical industrialist Herbert Henry Dow was born. Dow best known as the founder of the American multinational conglomerate Dow Chemical. He also was a prolific inventor of chemical processes, compounds, and products, and was a successful businessman. Herbert Henry Dow – Early Years Herbert Henry Dow was born in Belleville, Ontario, Canada, the eldest child of Americans Joseph Henry Dow, an inventor and mechanical engineer, and his…
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Enzo Ferrari – Il Commendatore

Enzo Ferrari – Il Commendatore

On February 18, 1898, Italian motor racing driver and entrepreneur Enzo Ferrari was born. He is best known as the founder of the Scuderia Ferrari Grand Prix motor racing team, and subsequently of the Ferrari automobile marque. He was widely known as “il Commendatore” or “il Drake”. Born in Modena Enzo Ferrari was born in Modena, Italy. It is believed that he had his first significant encounter with race cars in 1908…
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Ehrenfried Walther von Tschirnhaus and the White Gold

Ehrenfried Walther von Tschirnhaus and the White Gold

On April 10, 1719, German mathematician, physicist, physician, and philosopher Ehrenfried Walter von Tschirnhaus was born. Among others, he is credited being the first European to discover the secret of the creation of porcelain in 1708. Certainly, the Meissen factory, established 1710 with its director Johann Friedrich Böttger, was the first to produce porcelain in Europe in large quantities and since the recipe was kept a trade secret by Böttger for his company, experiments…
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Robert Bosch – Inventor for Life

Robert Bosch – Inventor for Life

On March 12 1942, Robert Bosch passed away. Robert Bosch was a German industrialist, engineer and inventor, and founder of Robert Bosch GmbH. “I do not pay good wages because I have a lot of money; I have a lot of money because I pay good wages.” — Robert Bosch Early Years Robert Bosch was born among twelve siblings on September 23, 1861 near the city of Ulm, Germany. His parents Servatius…
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Henry Steinway and the Overstrung Iron-Frame Grand Piano

Henry Steinway and the Overstrung Iron-Frame Grand Piano

On February 15, 1797, German-born American inventor and entrepreneur Henry Steinway was born. He invented the overstrung iron-frame grand piano (1859) and is founder of the piano company Steinway & Sons. Henry Steinway – Early Life Steinway was born Heinrich Engelhard Steinweg in Wolfshagen im Harz, Duchy of Brunswick in the Holy Roman Empire of the German Nation (modern Germany). His childhood was marked by many tragedies and twists of fate. He…
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Robert Cornelius shoots the very first Selfie

Robert Cornelius shoots the very first Selfie

On March 1, 1809, American photographic pioneer and business man Robert Cornelius was born. He is credited of making the very first selfie in the U.S. With his own knowledge of chemistry and metallurgy, Cornelius attempted to perfect the daguerreotype. “I to myself am dearer than a friend.” – William Shakespeare, The Two Gentlemen of Verona (1590s) A Self-centered Society? As we all know, ‘selfies’ have become really popular in the past years. There…
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Sir Henry Bessemer and the Secret of Steel

Sir Henry Bessemer and the Secret of Steel

On January 19, 1813, English engineer, inventor, and businessman Sir Henry Bessemer was born. Bessemer’s name is chiefly known in connection with the Bessemer process, the first process for manufacturing steel inexpensively (1856), leading to the development of the Bessemer converter. “I had an immense advantage over many others dealing with the problem inasmuch as I had no fixed ideas derived from long-established practice to control and bias my mind, and did not…
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John Jacob Astor and the American Fur Company

John Jacob Astor and the American Fur Company

On April 6, 1808, Johann Jacob Astor founded the American Fur Company in New York. The company grew to monopolize the fur trade in the United States by 1830, and became one of the largest businesses in the country and John Jacob Astor became the first multi-millionaire in the United States. “The first hundred thousand—that was hard to get; but afterwards it was easy to make more.” – James Jacob Astor, quoted…
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Jack Northrop and the Flying Wing Design

Jack Northrop and the Flying Wing Design

On November 10, 1895, American aircraft industrialist and designer Jack Northrop was born. Northrop was an early advocate of all-metal construction and the flying wing design. He founded the Northrop Corporation in 1939. A Boy of Restless Ambition John “Jack” Knudsen Northrop was born in Newark, New Jersey, USA, and grew up in Santa Barbara, California. The course for his life was set in 1911 upon watching a visiting pilot fly a pusher…
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