On Cars, Baseball and the Halcyon Days of Summer

The automotive world was introduced to economies of scale in 1954 as Nash and Hudson (yes, those were makes of cars exactly 52 years ago) merged to form American Motors. Both Nash and Hudson models are history now. Heck, American Motors has taken a hike since then too.Two other auto manufacturers-Studebaker and Packard-also merged their production in response to economies of scale. They are both gone now as well.As these four auto manufacturers were headed toward oblivion, another entrepreneur was just getting started. Ray Kroc founded McDonald’s in 1954 and went on to create the fast food restaurant industry as we know it today.The first nonstick pan was produced in 1954, leading to Teflon (a trademark for polytetrafluoroethylene), and Reagan (who would become the Teflon President) was not even President. It was another guy named Ike (Dwight David Eisenhower), who in 1944 was made Supreme Allied Commander for the invasion of Europe during World War II.While Ike was busy making war plans, I was born in Flint (MI), then headquarters of General Motors and its vast manufacturing facilities.The New York Yankees, who had won five consecutive World Series from 1949 through 1953, were watching the World Series from the sidelines… Read full this story

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