Nokia’s Rubber Roots: The Evolution of Nokian Footwear

Established in 1865, Nokia has enjoyed a long-standing presence in the business world. Nokia boots, originating from the brand’s early focus on rubber products, are a notable product in their history. Nokian Footwear, a Finnish rubber boot manufacturer, was a division of Nokia—now renowned for mobile phones—from 1967 until 1990,...

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Thanksgiving Nuptials: NYC’s Chinese Immigrant Wedding Rush

In New York City, Thanksgiving holds the distinction of being the preferred wedding day for Chinese immigrants, given that it’s typically the one day when entire families aren’t working. Due to the high demand, restaurants must be reserved a year ahead, and it’s not uncommon for a single venue to...

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Chicago Onion Monopoly: The 1955 Market Manipulation and Subsequent Legislation

The Onion Futures Act is a piece of legislation in the United States that prohibits the trading of onion futures contracts. In 1955, a pair of traders acquired a substantial amount of onions and futures contracts, ultimately gaining control over 98% of the onions in Chicago. To compel growers to...

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Benjamin Franklin’s Fugio Cent: A Call to Focus on Affairs

The initial U.S. coin to officially circulate, known as the Fugio Cent, featured the phrase “Mind Your Business” rather than “In God We Trust.” Benjamin Franklin is thought to have designed the coin, according to some sources. As a prominent and accomplished entrepreneur, historians theorize that Franklin used the term...

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Salisbury Steak: American Dish Inspired by European Tastes and Health Advocacy

Originating in the United States, Salisbury Steak was created to cater to the preferences of European immigrants and was named in honor of Dr. James Salisbury, an advocate of a meat-centric diet for improved health. Since 1897, the term “Salisbury Steak” has been associated with a main course featuring a...

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Cadillac’s 1930s Policy Reversal: Embracing Diversity and Boosting Sales

In the beginning of the 1930s, Cadillac had a policy that prohibited the sale of cars to African Americans. However, in 1933, Nicholas Dreystadt, a mid-level manager at General Motors, boldly interrupted a GM executive committee meeting and persuaded them to abandon this policy, advocating for marketing efforts targeting the...

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