In this edition of This Week in Business History, Kelly Barner shares the story of the first successful passenger elevator, installed on March 23, 1857 in the Haughwout Emporium in New York City. Designed and installed by Elisha Graves Otis, founder of the Otis Elevator Company, this half engineering marvel half sales gimmick revolutionized the potential height of commercial buildings and gave rise to an industry that still flourishes today.
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