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The Hive Becomes More Populous

Posted in Contemporary economics Tagged with: , , , , , , , ,

For 125 years, practically since the beginning of the industrial age, General Electric Co. has been the pole star among US technology companies, second only to DuPont Co.” and, for a time, Bell Telephone. Founded in Manhattan in 1883 by Tomas Edison himself, buttressed before long by the acquisition of rival Thomson-Houston Electric Co. of Lynn, Mass. (and subsequently led by its executives), GE, with the Bell System (which was organized in Boston in 1977), invented industrial research in the US.  The company then scaled up in the 1920s to become a major manufacturer of industrial equipment and consumer appliances.