Entrepreneurship is the American dream
Coca-Cola, McDonald’s, Nike, Microsoft and Apple are among the most-iconic brands and well-known businesses around the planet, but each of those international corporate giants traces its roots back to the entrepreneurial spirit upon which America’s economic system of free enterprise is based.
Although Dr. John Pemberton, an Atlanta pharmacist, formulated a new cocaine-extract tonic drink in 1886, it was fellow Atlanta pharmacist Asa Candler who forcefully marketed Coca-Cola into a soda fountain sensation after purchasing the formula in 1887 for $2,300.
Mac and Dick McDonald opened their popular San Bernardino, Calif., burger joint in 1940, but it required a Ray Kroc, who filed for bankruptcy multiple times, to envision what his 1955 Golden Arch franchise in Des Plaines could become before buying out the brothers in 1961 for $2.7 million.
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