3min chapter

My First Million cover image

SPECIAL: Thomas Edison (Part 2)

My First Million

CHAPTER

Electric Light - A New York City Story

In 18 82, Edison turned the lights on on new york city. The next day, edison had a permit to bring incandescent electric light to 51 blocks of downtown manhattan. In 18 86, he's in a really good situation, with more than 300 thousand lamps in his circuit and booming revenue and profits. Around this time, edison decides that he can't really afford to be way out in menlo park, so he moves his family up to New York City. He establishes a new operating base and starts work on a power plant facility on pearl street. Over the next couple of years, edison managed to pull himself out of financial crisis; by 18 86,

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