Word: yourselfing
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Dates: during 1950-1959
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Like most Americans, Engineer Hans Goldschmidt knew that one of the quickest ways to make a fortune is to invent a new gadget or machine. Unlike most Americans, who never get beyond the daydreaming stage, Goldschmidt made his daydream come true. His invention: a home power tool that could be...
Farewell to Chiseling. German-born Hans Goldschmidt, who earned his doctor's degree in administrative engineering at the University of Berlin, set out in 1945 to invent the machine that would make his fortune. He was earning good pay as a time-study man at the Kaiser shipyards in...
The do-it-yourself life in suburbia has also opened up a vast new market. Power-lawnmower sales, for example, shot from 42,000 (worth $5,000,000) in 1940 to 1,275,000 (worth $144.5 million) last year. Home-freezer sales zoomed from 210,000 (worth $80 million) to...
The middle and rich peasants are afraid to expose their wealth, fearing that somebody may come along to borrow from them without returning the loans-"like tigers borrowing pigs." The report quoted Middle Peasant Ho Yao-hsiang: "Why bother to make production such a success? It will be sufficient if...
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