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9min chapter
#69 Charles Goodyear: An Inventor's Obsession and the Struggle for a Rubber Monopoly
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The Rise and Fall of Charles Goodyear
This chapter delves into Charles Goodyear's successful venture of opening a hardware store that only sells domestically-made hardware, but ultimately leads to his downfall due to overleveraging and financial difficulties. It discusses his involvement in angel investing, his expansion into several states, and his practice of extending credit to southern farmers. The chapter highlights the consequences of being in debt during the 19th century and the importance of learning from past experiences.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode