Word: billioned
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Dates: during 1950-1959
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...CORPORATE ASSETS are nudging the trillion-dollar mark. The Internal Revenue Service reports that total corporation holdings are $996.5 billion...
...done more to revolutionize U.S. cooking than General Foods Corp., the world's biggest food processor. It sparked the revolution with its line of Birds Eye frozen foods, still the biggest-selling brand. Last year it put its 250 products (including different flavors and varieties) into 4.5 billion packages that the housewife took home for $1.1 billion. On pantry shelves and in refrigerators from Maine to Florida, its products are household words -Jell-O, Maxwell House coffee. Post cereals, Swans Down cake mix, Sanka, Minute Rice, Gaines dog food...
...worth of frozen prepared dishes, mostly in convenient, built-in containers that went from oven to table to trash can. The number of frozen-food packers has grown from 750 in 1949 to 1,100; the dollar value of frozen foods has jumped more than 2,700% to $2.7 billion. Almost one in every three cups of coffee is now made with instant coffee. Postwar sales of prepared baby foods have grown some 230% to a quarter-billion-dollar industry, and sales of cake mixes and other prepared mixes have more than doubled to $253 million...
...vice president in charge of marketing in 1947. One of the company's postwar problems was frozen foods. General Foods had carried the burden of the industry for years without making a penny of profit, but World War II shot the industry's business up to 1 billion Ibs. in 1945. Suddenly the get-rich attractions were so strong that fly-by-night outfits rushed out poor-quality products, gave frozen foods a bad name with the public. Result: the "Great Blood Bath," in which dozens of companies folded. General Foods confidently rode out the storm, turned...
...medals on the consumer battlefield-even if a competitor holds the medals. When Swanson's originated the TV Dinner, and began plugging the new convenience, General Foods followed it into the frozen-dinner field. Swanson, now owned by Campbell Soup Co., has sold a quarter of a billion TV Dinners...