Kodak is a 132-year-old company. It invented the handheld camera and as The Economist put it, ¨Lenin was said to have sneered that a capitalist will sell you the rope to hang him.¨ This is relevant today when it is Kodak´s technology that has sent it to file for bankcruptcy.
Here is a timeline showing the history of Kodak.
1880 – George Eastman founded Kodak.
1888 – Kodak marketed the world´s first flexible roll film
1900 – Photography became a craze as Kodak creats the $1 Brownie camera
1912 – George Eastman began dispensing a generous wage dividend and helped pioneer profit-sharing.
1927 – The ´Great Yellow Father´held a virtual monopoly of the U.S photographic industry, by Eastman´s marketing genius.
1932 – Eastman took his own life, long after being diagnosed with his degenerative spinal disorder.
1975 – The first digital camera was created! Engineer Steven Sasson created it. It is described to have been ¨toaster-size¨ and captured black and white photos.
1990´s – Kodak put $4 billion into helping the development of the technology that allowed camera-phones and digital devices to exist.
¨Kodak played a role in pretty much everyone´s life in the 20th century because it was the company we entrusted our most treasured possession to-our memories¨- Robert Burley
Information gathered from: The Daily Mail, The Economist.
Authors: Annabel Snoxall and María José Herdoíza
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