Some of the world’s greatest companies were born during economic recessions. Bet you didn’t know that.
An article from Entrepreneur Magazine highlights some of the most innovative ideas to arise from economic slumps. From that list, I noticed four great companies:
The Great Depression (1930 – 1939)
1939 – Hewlett-Packard (HP)
Eisenhower Recession (1954 – 1961)
1955 – McDonald’s (MCD)
Vietnam, Stagflation, Oil Crisis (1973 – 1975)
1975 – Microsoft (MSFT)
1980’s Recession (1981 – 1983)
1981 – MTV (VIA)
The article also cites some pretty important ideas, such as scotch tape (1930), fluorescent light bulbs (1938), disposable diapers (1961), Post-It Notes (1974), Prozac (1987), the World Wide Web (1991), and the iPod (2001), all of which were born during recessions.
So you see, this isn’t a time for gloom and doom. It is a time to create and elate! After all, recession is the mother of invention.
