Despite public perception to the contrary, the electric razor patented by Schick in 1928 was never a product of the same company as the nonelectric shaving products sold under the Schick name. At age fifty-one, convinced that his new invention would bring him the great fortune that had thus far eluded him, Schick invested all he had in a Connecticut factory and planned for mass production. But capital began to dry up in 1929, culminating in the November crash of the New York Stock Exchange. Desperate, Schick convinced his wife to mortgage their Stamford residence. The Schick Dry Razor Company produced its first electric razor in 1931. By the standards of the Great Depression, it was an enormous success, with more than a million shavers, priced at twenty-five dollars each, sold within two years.
Matt: WRONG
Record: 632-530
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