The Rise and Fall and Rise Again of Lionel Trains (1997)
a year ago
- #model trains
- #business history
- #innovation
- Joshua Lionel Cowen's early life and family background, including his grandparents' hardships and his father's business ventures.
- Cowen's childhood curiosity and mechanical aptitude, leading to his early inventions and education at Peter Cooper Institute High School.
- Cowen's entrepreneurial journey, starting with the Lionel Manufacturing Company and the invention of the electric fan and model trains.
- The evolution of Lionel's product line, including the introduction of the third rail system and the impact of World War II on production.
- The 'Golden Age' of Lionel in the 1920s, featuring elaborate train sets and accessories, followed by financial struggles during the Great Depression.
- Innovations in model trains during the 1930s and 1940s, such as the first whistle in a model train and remote control accessories.
- Post-war challenges, including market decline, competition from HO gauge trains, and the sale of the company to Roy Cohn.
- The revival of Lionel under Richard Kughn in the 1980s, with improvements in quality and innovation, and competition from MTH.
- Controversies and trends in Lionel's business practices, including dealer restrictions and accusations of price fixing.