3. Does the artist's conception of the first store seem idealized? Prosperity and Thrift: The Coolidge Era and the Consumer Economy, 1921-1929. Article Images Copyright 2023 Getty Images unless otherwise indicated. In a way, Penney was conducting a grand experiment, testing his hypothesis that the Christian commitment to love others could be played out in one's entire life, including one's daily work. Over 20% of them were past or present presidents of their Chambers of Commerce. Ask them whether any buildings associated with these businesses remain. Madam Walker At the age of eight, Penney's father told him he would be responsible for clothing himself, and soon he was earning more than enough for his sartorial needs selling junk, growing watermelons and raising pigs. Incorporated: 1905 as Socit, Fred Meyer, Inc. She saved her money and before long she was able to quit that job and, taking in laundry two days a week to pay her rent, spend the rest of her time mixing her products and selling them door to door. This arrangement allowed for rapid expansion in the early years of the business. He died in 1971. To do all in our power to pack the customer's dollar full of value, quality, and satisfaction. We are here to stay; we like the country--its people; we believe in selling you good dependable goods on a Small Margin of Profit Only. But things would turn out all right, he was told, if he just followed the Golden Rule, treating others with fairness and respect. (Not until 1927 did the company have stock which was the same for everyone, but this was supplemented by handing out a sixth of each stores profits to its managers.). Therefore, its best to use Encyclopedia.com citations as a starting point before checking the style against your school or publications requirements and the most-recent information available at these sites: http://www.chicagomanualofstyle.org/tools_citationguide.html. //