Changes: National Electric

Revision as of 23:08, 27 March 2020

National Electric is a company established by North American inventor Thomas Edison in the 1870s to produce and market the incandescent light bulb he invented. The company electrified the North American capital of Burgoyne in 1880, but filed for bankruptcy in May of that year due to the Great Depression. Although Sobel does not specifically say so, it is likely that National Electric received a loan from the National Financial Administration that allowed it to pay off its creditors and emerge from bankruptcy.

National Electric was a subsidiary of Edison's main company, National Union.

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 [[File:Thomas Edison, 1878.jpg|thumb|171x171px|Thomas Edison.]]
-'''National Electric''' is a company established by [[C.N.A.|North American]] inventor [[Thomas Edison]] in the 1870s to produce and market the incandescent light bulb he invented. The company electrified to North American capital of [[Burgoyne]] in 1880, but filed for bankruptcy in May of that year due to the [[Great Depression]]. Although [[Robert Sobel|Sobel]] does not specifically say so, it is likely that National Electric received a loan from the [[National Financial Administration]] that allowed it to pay off its creditors and emerge from bankruptcy.
+'''National Electric''' is a company established by [[C.N.A.|North American]] inventor [[Thomas Edison]] in the 1870s to produce and market the incandescent light bulb he invented. The company electrified the North American capital of [[Burgoyne]] in 1880, but filed for bankruptcy in May of that year due to the [[Great Depression]]. Although [[Robert Sobel|Sobel]] does not specifically say so, it is likely that National Electric received a loan from the [[National Financial Administration]] that allowed it to pay off its creditors and emerge from bankruptcy.
 National Electric was a subsidiary of Edison's main company, [[National Union]].