Companies Started During Recession
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General Electric

GE, general electric, edison, bulbGeneral Electric was founded in 1892, during the 1873-96 recession, by Thomas Edison, Charles Coffin, Edwin Houston, and Elihu Thomson. Edison was of a view to commercialize his invention—The light Bulb—and brought together his business interests under the ‘Edison General Electric’. The company which was a result of the merger of ’Edison General Electric’ and ‘Thomson-Houston Electric Company’, now offers products ranging from power plants to financial services. With a revenue of $38.4 billion in 2011, GE has also been ranked the 6th Largest Firm in U.S., as well as the 14th Most Profitable. It has also been ranked the 7th Company for Leaders, 5th Best Global Brand, 82nd Green Company, 13th Most Admired Company, and the 19th Most Innovative Company.

 
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