Business and Personal Finance © 2007

Chapter 20: Financial Accounting

NAF Case Studies

Plan Your Financial Life (National Academy Foundation)

Although most small businesses fail during their first year, some are successful. Mr. Sylvan Goldman’s business was one of the lucky ones. He invented the shopping cart after seeing women carrying their groceries. Mr. Goldman would notice that they would stop shopping when they got tired of carrying everything. So, in the 1930s he designed the first shopping cart, patented the invention and amassed a fortune of over $200 million.

Apply

How do you think Mr. Goldman went from becoming a modest inventor to a millionaire? Why are people like Mr. Goldman important to our country?

Glencoe Online Learning CenterBusiness Administration HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe

Please read our Terms of Use and Privacy Policy before you explore our Web site. To report a technical problem with this Web site, please contact the Web Producer.