COMPANY·HISTORIES
SIC 3541

Machine Tools--Metal Cutting Types

How the companies in this industry began, and the forces that shaped them.

22companies1852–1983founding years22still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironment
FoundedThe Stanley WorksFoundedThe Stanley Works
1852
FoundedUnited Dominion Industries LimitedFoundedUnited Dominion Industries Limited
1882
FoundedGiddings & Lewis, Inc.
1895
FoundedGleason CorporationFoundedGleason Corporation
1903
TechnologyThe Wright brothers achieve powered flight.
1908
TechnologyThe Ford Model T brings the automobile to the middle class.
1913
EconomyThe Federal Reserve is created.
FoundedFansteel Inc.FoundedFansteel Inc.
1914
EconomyWorld War I begins; global trade reorders.
1929
EconomyThe stock market crashes; the Great Depression begins.
FoundedHardinge Inc.
1931
1933
EconomyNew Deal reforms reshape banking and industry.
FoundedBrother Industries, Ltd.FoundedBrother Industries, Ltd.
1934
FoundedBridgeport Machines, Inc.FoundedBridgeport Machines, Inc.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long postwar expansion begins.
1947
TechnologyThe transistor is invented at Bell Labs.
FoundedMoog Inc.
1951
FoundedRegal-Beloit CorporationFoundedRegal-Beloit Corporation
1955
1956
EconomyThe Interstate Highway program remakes commerce.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
1970
EnvironmentThe EPA is founded; environmental regulation expands.
1971
EconomyThe dollar leaves the gold standard; Nasdaq opens.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins with the Altair.
1979
EconomyA second oil crisis drives inflation higher.
1981
TechnologyThe IBM PC launches and sets a standard.
FoundedSudbury Inc.
1983
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall 22% in a single day.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2001
EconomyThe September 11 attacks; a recession follows.
2004
TechnologySocial media and Web 2.0 begin to take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

The Stanley Works →
Active · founded 1852
The Stanley Works is a manufacturer of a broad range of tools and hardware for home improvement, consumer, industrial,…
The Stanley Works →
Active · founded 1852
The Stanley Works is a manufacturer of a broad range of tools and hardware for home improvement, consumer, industrial,…
United Dominion Industries Limited →
Active · founded 1882
United Dominion Industries Limited once provided extensive manufacturing, engineering, and construction services to…
United Dominion Industries Limited →
Active · founded 1882
United Dominion Industries Limited once provided extensive manufacturing, engineering, and construction services to…
Giddings & Lewis, Inc. →
Active · founded 1895
Giddings & Lewis, Inc.
Giddings & Lewis, Inc. →
Active · founded 1895
Giddings & Lewis, Inc.
Gleason Corporation →
Active · founded 1903
With a history stretching over 130 years, Gleason Corporation is the world's most comprehensive resource for the…
Gleason Corporation →
Active · founded 1903
With a history stretching over 130 years, Gleason Corporation is the world's most comprehensive resource for the…
Fansteel Inc. →
Active · founded 1914
Fansteel Inc.
Fansteel Inc. →
Active · founded 1914
Fansteel Inc.
Hardinge Inc. →
Active · founded 1931
Hardinge Inc., located in the city of Elmira, in Chemung County, New York, which is on the south-central border of…
Hardinge Inc. →
Active · founded 1931
Hardinge Inc., located in the city of Elmira, in Chemung County, New York, which is on the south-central border of…
Brother Industries, Ltd. →
Active · founded 1934 · Japan
Brother Industries, Ltd., is one of the world's top manufacturers of electronic office machines.
Brother Industries, Ltd. →
Active · founded 1934 · Japan
Brother Industries, Ltd., is one of the world's top manufacturers of electronic office machines.
Bridgeport Machines, Inc. →
Active · founded 1939
Bridgeport Machines, Inc., is the leading manufacturer of manual milling machines, surface grinders, and…
Bridgeport Machines, Inc. →
Active · founded 1939
Bridgeport Machines, Inc., is the leading manufacturer of manual milling machines, surface grinders, and…
Moog Inc. →
Active · founded 1951
Moog Inc.
Moog Inc. →
Active · founded 1951
Moog Inc.
Regal-Beloit Corporation →
Active · founded 1955
Regal-Beloit Corporation is the fifth-largest firm in the U.S.
Regal-Beloit Corporation →
Active · founded 1955
Regal-Beloit Corporation is the fifth-largest firm in the U.S.
Sudbury Inc. →
Active · founded 1983
Sudbury Inc.
Sudbury Inc. →
Active · founded 1983
Sudbury Inc.
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