Ruth Handler Quotes
It took us three years to even come close to catching up with the demand a little bit.
The President had a series of radio talks to the people in which he addressed them directly and explained things as he then understood them.
As a result of this report, IBM did not acquire the Xerox technology. Xerox went on to place 600,000 units of the machine that Arthur D. Little assessed would be only 5,000. Until IBM pulled out of their Partnership with Microsoft for the development of Windows, the failure to deploy the Xerox process was the largest mistake they had made. It shows that even the best of companies make large errors.
Hoover was the Food Administrator at that time. Although he gave lip service to the free market economy concept, he was proposing government price controls and rationing. When the free market was not functioning, at this time in his career, he was willing to use government controls and regulation. By the end of 1918 over 250,000 food-handling corporations, firms, and individuals were under Food Administration licenses. Meat, fish, poultry, eggs, butter, milk, potatoes, fresh and dried vegetables, and fruits, canned goods, the coarse grains and rice, vegetable oils, coffee, and such various commodities accessory to food-handling, as ice, ammonia (for ice-making), arsenic (for insecticides), jute bags, sisal, etc., were under direct control. Ironically, later when he was President and faced with the Great Depression, he had become much more rigid and would not “interfere” with the free, private market and use government to solve the national problems. It was Franklin Delano Roosevelt who did that after Hoover would not. At the time he gave this speech, Hoover was not very political and was more of a technocrat. It may have been that by the time he became President he was intellectually and politically locked in to Republican Party conservative economic ideology.
Ruth Marianna Handler was an American businesswoman and inventor. She served as the president of the toy manufacturer Mattel Inc., In 1959, she invented the Barbie doll, which sold over a billion worldwide. She was the founder and president of the world's largest toy company, which at its peak had 18,000 employees and annual sales of over $300 million. In 1974, the Handlers were forced to resign from Mattel, and in 1978 Ruth Handler was convicted of false reporting to the Securities and Exchange Commission.
