Photo of the Day

BUSINESS NEWS 1880 - 1889 A decade of advances • John Wanamaker’s Philadelphia Department Store, The Grand Depot hires the first advertising copywriter in the United States • Joseph Wharton , a merchant donates $ 100,000. to The University of Pennsylvania to form the nation’s first permanent college business school • William Filene starts a women’s clothing store in Boston • Dow, Jones & Company, a financial news service is established • Chemist Robert F. Lazenby invents a new soft drink, calling it Dr. Pepper • In Atlanta, pharmacist John S. Pemberton devises a new medicinal drink that his bookkeeper Frank Robinson dubs Coca – Cola • Congress approves the incorporation of trade unions • Richard W. Sears and Alvah C. Roebuck join forces to sell watches by mail • Dow, Jones & Company begins publishing The Wall Street Journal • George Eastman of Rochester, NY patents Kodak processes and products • Isaac Merrit Singer begins selling electric sewing machines • Congress creates the Department of Labor