Learn what happened in business in today’s past


April 02:

1875: Walter P. Chrysler is born in Wamego, Kansas. He goes on to found the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co. in 1925 and to buy Dodge Brothers, Inc., in 1928.

Michael Schwartz, "Markets, Networks, and the Rise of Chrysler in Old Detroit, 1920-1940," Enterprise & Society, Vol. 1, No. 1 (March, 2000), p. 77; http://www.chryslerheritage.com/pg500chron.phphttp://en.wikipedia.org/wiki/Walter_P._Chryslerhttp://www.daimlerchrysler.com/dccom/0,,0-5-7168-1-9837-1-0-0-0-0-0-8-7168-0-0-0-0-0-0-0,00.html

1799: The New York State legislature approves the corporate charter for the Manhattan Co., a corporation founded by Alexander Hamilton and Aaron Burr that plans to build dams, divert streams and lay pipes that would help supply New York City with fresh water. It quickly morphs into the Bank of the Manhattan Co., ancestor of Chase Manhattan Corp.

Bray Hammond, Banks and Politics in America: from the Revolution to the Civil War (Princeton Univ. Press, 1991 ed.), pp. 149-155.