Big Business That Started During Recession
General Motors
When William Durant and Charles Stewart Mott founded General Motors in 1908, the U.S. was undergoing a severe recession due to a series of bank failures in 1907. When the U.S. was striving hard to come out of the downturn, General Motors was on a buying spree, and acquired brands like Oldsmobile, Cadillac and the Reliance Truck Company within a year of its formation.
Currently, GM values more than $150 billion in revenue and offers products in automobile and financial services.
