General Electric Through the Years: The Decline of an American Powerhouse

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General Electric Through the Years: The Decline of an American Powerhouse
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At its height, General Electric touched nearly every part of life in the U.S. with its light bulbs, movies, refrigerators, plane engines and MRI machines. Here's a look at some milestones in the company's history.

At its height, General Electric Co. was one of the biggest companies in the U.S., touching nearly every part of life with its light bulbs, movies, refrigerators, plane engines and MRI machines, among other things.

The company today is a shadow of its former self, after it sold or spun off many of its businesses. On Tuesday, it announced plans to split into three companies.1879 Inventor Thomas Edison and his assistants create a light bulb filament that stays lit for 1,200 hours.General Electric is born after the merging of Thomas Edison’s Edison General Electric Co. and manufacturing company Thomson-Houston Co.Elihu Thomson develops an early X-ray machine that allows doctors to diagnose bone fractures, launching GE into the healthcare industry. Decades later, GE makes imaging machines that help diagnose disease or injury, including the MRI.GE builds the first U.S.

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