Business and Personal Finance © 2007Chapter 20:
Financial AccountingNAF Case StudiesPlan Your Financial Life (National Academy Foundation) Although most small businesses fail during their first year, some are successful. Mr. Sylvan Goldmans 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? |