Sep 12, 2021

This is Entrepreneurs of Faith, a Sunday episode of Monetization Nation. I’m Nathan Gwilliam, your host. In today’s episode, we're going to talk about patriotism through entrepreneurship.

Publix in the Great Depression

During the Great Depression, there was a 22-year-old man named George Jenkins. Jenkins was the manager of a Florida Piggly Wiggly, but he quit his job and started his own grocery store chain next door. The store not only survived, but it has grown to be a 1000-store chain today that is known as Publix. President Ronald Reagan said, “Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.” That's a little bit of an exaggeration, but America's 31 million small businesses generate nearly half of all US economic activity. The nominal GDP (gross domestic product) of American small businesses comes out to roughly $6 trillion—more than the entire GDP of Japan, the world’s third largest economy (Source: Independent.org). 

Read more at: https://monetizationnation.com/blog/patriotism-through-entrepreneurship/