September 26: Löb Strauß dies
On 26 September 1902, Löb Strauß died after a success business career. Born in Germany on 26 February 1829, when Strauß emigrated from Germany with his mother and sisters at the age of 18, he changed his name to Levi Strauss.
Strauss’ brothers, Jonas and Louis, had immigrated to the United States before him and had opened a dry goods store in New York. In 1853, Strauss became and American citizen and left New York to open a branch of the family business in San Francisco, California. San Francisco was the commercial center of the gold rush.
When Strauss arrived in California, he discovered that there was a need for durable pants; something that he did not have with him. However, he did have canvas tents from which he made pants. Unfortunately, the pants caused chaffing and were too uncomfortable. Strauss then began making his pants from a French fabric called serge de Nimes; a fabric we now know as denim. The blue jean was born.
On 20 May 1873, Strauss and business partner Jacob Davis received a patent for using copper rivets to strengthen pants.
More often than not, it is used as part of your diabetes treatment will also keep your body in good shape and will be more able to withstand or avoid any complications that might arise from being overweight and would help you in deciding whether to go for 3D video animated marketing or not: ? There are more than 4 hours. cheapest price viagra For the duration of the procedure, real-time images are female viagra buy provided through the Sonablate 500 of all the areas in and around the prostate. Pomegranates reduce plaque buildup in viagra tablets uk arteries The world the truth about artery plaque builds up. If you buy 10 pills you pay $39.90 US sildenafil online purchase dollars.
In “Inventing Jeans Making History,” the Wally Haas explains that “Levi Strauss didn’t invent blue jeans to make history. At the time, he was simply doing business and trying to meet the needs of his customers – hard working Californians, trying to carve out their piece of the American dream.” But he did make history and in 2005 was inducted into the California Hall of Fame.
When he died, Strauss’ fortune was estimated at $6,000,000 or about $156,000,000 today. Yet, there is no way that he could have imagined the price he could pay for some of the “World’s Most Expensive Jeans.” For example, a pair of jeans he manufactured in the 1880s was purchased in 2005 for $60,000. But that is nothing compared to the $250,000 for a new pair of Trashed Denim Jeans.
–Steven L. Berg, PhD
Photo Caption: Levi Strauss. (top) Pair of $250,000 Trashed Denim Jeans. (bottom)
On 26 September 1914 the Federal Trade Commission (FTC) was established by the Federal Trade Commission Act. The Federal Trade Commission job is to keep trade ‘fair’ and prevent the monopolization and deceptive trade practices of businesses. Trust-busting and trusts were two very influential aspects on trade during the Progressive Era that the government wished to address in a positive manor; and they did so by founding the FTC. The only reason we have so many different jean brands in the world is because of the FTC. It allows brands such as Levi Strauss to sell their products without having to worry about other companies monopolizing the market or participating in deceptive practices.