Word: agee
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Dates: during 1990-1999
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Sarah Breedlove was born on a cotton plantation near Delta, La., in 1867. Orphaned at age 7, married at 14, widowed at 20, Breedlove earned a subsistence living as a laundress in St. Louis, Mo. Seeking to supplement her income--and cure her case of alopecia, or baldness, commonly suffered by black women at the time because of scalp diseases, poor diet and stress--Breedlove became an agent for Annie Turnbo Pope Malone's Poro Co., selling its "Wonderful Hair Grower." Realizing the potential of these products, Breedlove took her daughter and $1.50 in savings to Denver, married her third...
...American Dream in the second half of the 20th century than Sam Walton. A scrappy, sharp-eyed bantam rooster of a boy, Walton grew up in the Depression dust bowl of Oklahoma and Missouri, where he showed early signs of powerful ambition: Eagle Scout at an improbably young age and quarterback of the Missouri state-champion high school football team. He earned money to help his struggling family by throwing newspapers and selling milk from the cow. After graduating from the University of Missouri, he served in the Army during World War II. Then, like millions of others, he returned...
Walton was an active student of retailing--all family vacations included store visits--so by the time a barber named Herb Gibson from Berryville, Ark., began opening discount stores outside towns where Sam ran variety stores, Walton saw what was coming. On July 2, 1962, at the age of 44, he opened his first Wal-Mart store, in Rogers, Ark. That same year, S.S. Kresge launched K Mart, F.W. Woolworth started Woolco and Dayton Hudson began its Target chain. Discounting had hit America in a big way. At that time, Walton was too far off the beaten path to attract...
...just-in-time inventory control and sophisticated logistics--the ultimate user of information as a competitive advantage. Today Wal-Mart's computer database is second only to the Pentagon's in capacity, and though he is rarely remembered that way, Walton may have been the first true information-age...
...1950s and '60s, TIME lionized the Capitalist as Hero in a flock of fact-packed if somewhat breathless cover stories. They were rather typical of the uncritical coverage in this age of conformity and steady growth. The 1955 Man of the Year was General Motors' central-casting CEO Harlow Curtice (he was Hollywood-handsome, tungsten-tough, up-from-the-bottom, etc.); that year, GM also topped FORTUNE's first 500 list. TIME created a sensation by spotlighting the little-known Jean Paul Getty as the world's richest private citizen...