American Decades
Kroc, Raymond A. 1902-1984
FAST-FOOD MAGNATE
Early Career.
Few millionaires begin a worldwide empire with a paper cup. But Raymond A. Kroc, who had sold Lily cups for almost twenty years, started just that way. Kroc spent much of his early life as a paper-cup salesman until, in 1941, he abandoned cups for the milk-shakes that went in them. He joined the Mult-A-Mixer company, which produced multiple-milkshake mixers for restaurants. When he visited the McDonald Brothers hamburger stand owned by Dick and Mac McDonald in San Bernardino, California, in 1954, Kroc saw a mass-production operation—using his Mult-A-Mixers in sets—that no one else had developed. Kroc was impressed by the McDonalds' procedures for food preparation: "each step was stripped down to its essence and accomplished with a minimum of effort." Kroc reasoned that by combining the fast service offered at McDonald Brothers with his Mult-A-Mixers and disposable eating utensils...
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1950's Business and the Economy
- Overview
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Topics in the News
- Advertising in the 1950s
- The AFL-CIO
- Air Travel in the 1950s
- Alcoa, Aluminum, and the End of a Monopoly
- Bank of America Leads a Financial Expansion
- Big vs. Small Businesses
- Creating the Computer
- Credit, Inflation, and Price Controls
- Energy
- Farming in the 1950s
- Housing in the 1950s
- Labor in the 1950s
- The Merger Wave
- The Military-Industrial Complex
- The National Highway Act and the Auto Industry
- The Railroad and its Decline
- Shopping Malls
- The Stock Market and Investment Trends
- The Sun Belt
- The Television Industry
- The Turbulent Teamsters
- Headline Makers
- People in the News
- Deaths
- Publications
- Important Events in Business and the Economy, 1950–1959
