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Rubber - An American Industrial History (Paperback)
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Rubber - An American Industrial History (Paperback)
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The rubber industry was an industry born in bankruptcy and built
through bankruptcies. Many of the great rubber barons found
themselves or company in bankruptcy courts. Bankruptcies defined
the very nature and structure of the rubber industry we know today.
Fortunately, the rubber industry has always proven as elastic as
its product. The very man that invented rubber, Charles Goodyear,
started out in a Philadelphia debtor's prison after failing in the
hardware business. Amazingly near the end of his life he would
return to prison again for debt problems over his failing rubber
enterprise. Bankruptcy and failure would become part of the story
of rubber. Harvey Firestone entered the rubber business after
failing in other businesses, B. F. Goodrich after failing in
earlier business endeavors such as oil drilling moved his failed
rubber company from New England to start over in Akron, and F. A.
Seiberling, founder of Goodyear Rubber, was forced out of the
company he founded to avoid a total bankruptcy of the company and
lost most of his personal wealth. Rubber proved far from an elastic
gold, but it would be an industrial jewel, once conquered. In the
early years, it was a search for an American location to process
the rubber of the tropics. The industry would shift from its roots
in New England to Akron, Ohio. The collapse of the industry is the
story of the de-industrialisation of America.
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