During World War One, Assistant
Navy Secretary Franklin D. Roosevelt decided that the wireless industry
should be kept under American control in order to focus technological
improvements and sort out the tangle of patent infringements that
had been crippling industry development thus far.
General Electric, which was planning a major sale
of broadcasting equipment to the British Marconi company, was asked
instead to take the lead in organizing an American radio concern.
GE agreed, and The Radio Corporation of America (RCA) was formed
in October 1919.
By 1925, RCA's revenues from "wireless"
amounted to $4 million and revenue from the sale of Radiolas and
related equipment had grown to $46 million. Radio development continued,
and soon, some six million radio sets were in use in the USA.
Television was introduced at the 1939 World's Fair
in New York City and President Franklin D. Roosevelt, present at
the creation of RCA and a frequent speaker on radio, became the
first president to be seen on television when the fair's opening
ceremonies were telecast ten days later. The first RCA consumer
colour televisions were produced in March 1954 and by 1960, there
were half a million colour TV sets in use.
During the Hi-Fi golden years, RCA contributed
a few high quality components but were never considered to be a
major player. Today the giant RCA corporation still manufacture
televisions, audio and communications equipment.
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