the demise of the "Dollar Watch" and inflation

CentreKeystone

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Interesting article on the demise of the Dollar Watch:
(Electric Railway Journal, Jan 7 , 1922)

dollar watch and 5 cent fare Jan 7, 1922 p 1 ERJ.jpg
 
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musicguy

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More of the demise of Ingersoll as the Ingersoll Watch Company went bankrupt in 1921
It was purchased by the Waterbury Clock Company in 1922
1944 the Waterbury Clock Company was renamed United States Time Corporation (timex)
Interestingly enough the so called "dollar" watch lasted quite a bit longer than 1922
when this article was written.
(even if they didn't sell for exactly a dollar)


Rob
 
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PatH

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Interesting article on the demise of the Dollar Watch:
(Electric Railway Journal, Jan 7 , 1922)

420585-dd08b05be2a850ed791cba718b5452fe.jpg
Very interesting take on the demise of Ingersoll. Everything I have read attributes the collapse to WWI combined with financial overextension. Makes me wonder...Have we been looking at the situation incorrectly by looking at the economic situation and not considering the power of the fixed price? Just a thought...

Thanks for sharing!
Pat
 
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Steven Thornberry

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Very interesting take on the demise of Ingersoll. Everything I have read attributes the collapse to WWI combined with financial overextension. Makes me wonder...Have we been looking at the situation incorrectly by looking at the economic situation and not considering the power of the fixed price? Just a thought...

Thanks for sharing!
Pat
Generally a number of factors contribute to a company's bankruptcy. I think it wrong to try to separate out one factor alone and point to it as the reason, though that method does play to a desire for a simple explanation for what happened.
 
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musicguy

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The teens were plagued with high inflation and wartime devastation.
The 1920's began with a strong depression and prices declined by over
10% in 1921. Any of these strong economic factors combined
with poor management can send any company into bankruptcy.
I'm still surprised by some of the household named companies that went
bankrupt(in the "not so" distant past).

Compaq Computers
Kodak
Enron
Pacific Gas & Electric Co
Radio Shack
Eastern Airlines
American Airlines
Woolworth's
Standard Oil
General Motors
Chrysler
Polaroid
Arthur Andersen
Blockbuster
General Foods Corp.
TWA
Sears
Toys R Us


Rob
 
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johnnypocket

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More of the demise of Ingersoll as the Ingersoll Watch Company went bankrupt in 1921
It was purchased by the Waterbury Clock Company in 1922
1944 the Waterbury Clock Company was renamed United States Time Corporation (timex)
Interestingly enough the so called "dollar" watch lasted quite a bit longer than 1922
when this article was written.
(even if they didn't sell for exactly a dollar)


Rob
Mickey saved Ingersoll (the Waterbury takeover of Ingersoll) after the Great Depression. They were survivors and a testament as to why so much admiration to this day. Anytime I need to feel a happy boost, I wind up my 33 long stem Mickey and watch the 3 little mice run around, and all is well...lol

Waterbury Clock Company Saved by Mickey Mouse – Who Knew? | ConnecticutHistory.org
 
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