John deere steel plow biography of christopher
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How a Son-in-Law saved the John Deere Company
Be kind to your son-in-law. He just might make you a millionaire!
The year was Business was booming for John Deere. His steel plow as a huge success, with his factory churning out more than 1, plows a month. From humble beginnings, Deere had risen to be a titan of industry.
He hadn’t planned for what happened next. An unprecedented worldwide financial crisis, known as the Panic of , caused commercial credit to dry up. Pioneers were suddenly unable to get credit to purchase farms (and new John Deere plows). The question of slavery was quickly bubbling to the surface in the federal government, creating even more financial instability as the country headed for war. This was the first worldwide financial crisis the United States had ever been involved in &#; and it threatened to tear the John Deere company apart.
With a sudden decline in revenues, John Deere was once again facing bankruptcy. Perhaps he thought back to his early years as a blacksmith, and humiliation of selling his bankrupt shop to his father-in-law and leaving his pregnant wife and children behind to seek work out west. How could he, after rising so far, be faced with bankruptcy again?
The solution was to re-organize the business. By passing the reigns of le
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Contributions from
The Museum of History and Technology:
Paper 2
John Deere's Steel Plow
[Pg 15]
Edward C. Kendall
DEERE AND ANDRUS 17
THE FIRST PLOW 19
STEEL OR IRON 21
WHY A STEEL PLOW 23
RECONSTRUCTIONS 24
IN SUMMARY— 25
[Pg 16]
By Edward C. Kendall
JOHN DEERE'S STEEL PLOW
John Deere in invented a plow that could be used successfully in the sticky, root-filled soil of the prairie. It was called a steel plow. Actually, it appears that only the cutting edge, the share, on the first Deere plows was steel. The moldboard was smoothly ground wrought iron.
Deere's i
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