› added 8 years ago

69

TIL the price of a Model T went from $829 in 1909 to $260 in 1925. Henry Ford continually reduced its price as production efficiency increased.

Read more wikipedia.org

via reddit.com

0wpov TIL Boris Yeltsin’s first trip to a Texas grocery store in 1988 shattered his belief in communism. He told his fellow Russians in his entourage that if their people, who often must wait in line for most goods, saw the U.S. supermarkets, "there would be a revolution."
Oom8R TIL that the day after Carrie Fisher died, while planning her funeral services, her mother, Debbie Reynolds, said "I want to be with Carrie," then immediately suffered a stroke a died.
5Y4g9 TIL: on September 2, 1945, Vietnam's independence was proclaimed by Ho Chi Minh. His first words were "All men are created equal. They are endowed by their Creator with certain inalienable rights, among them are Life, Liberty, and the pursuit of Happiness."
9wMkr TIL Universal Music once owned Uber.com and sold the domain to Uber (originally UberCab.com). They cashed out in the company’s A Round for $863,000, and the Wall Street Journal calculated that would be worth $532 million at the IPO of Uber
rRRDM TIL that manufacturing is cheaper in China because of subsidies - energy, land and raw material subsidies, low cost loans at both state and federal levels and not because of low labor costs or scale (SEA and SA are cheaper)