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(dramatic music)
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‐ [Narrator] They cut, drill,
and literally build America.
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‐ The coolest thing
about power tools
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00:00:10,469 --> 00:00:14,519
is that they
democratized creation.
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Anybody can build anything.
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‐ [Narrator] It's an
industry that generates
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over $50 billion
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00:00:21,688 --> 00:00:22,858
every
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single
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year.
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(dramatic music)
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‐ Since the beginning of time
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when we figured out we could
dig a hole with a stick,
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00:00:32,824 --> 00:00:37,164
we've always been in creating
tools to make our life easier.
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‐ [Narrator] But more
than a century ago,
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it was all done by hand
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until tools were electrified.
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‐ This was going to truly change
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how the tool industry
worked forever.
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‐ [Narrator] The future is
built by a few visionaries.
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‐ Holy moly.
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‐ [Narrator] Some
power tool makers
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will become household names.
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‐ Duncan Black,
meet Alonzo Decker.
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‐ [Narrator] Others
forgotten by history.
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‐ It's all yours, Al.
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‐ [Man] Here it is, Mr. Ford.
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‐ [Narrator] As a
group of visionaries
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battle it out to revolutionize
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the way we construct and create.
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‐ You can essentially
mold the world in a way
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that humans had only
dreamed of before.
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‐ [Narrator] This is
power tool showdown.
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(dramatic music)
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(tense music)
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‐ [Narrator] At the turn
of the 20th century,
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American industrialization
is entering a new phase.
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Factories that were
once powered by coal
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and lit by candles or kerosene
are now becoming electrified.
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‐ Electricity facilitates
greater productivity
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00:02:07,836 --> 00:02:09,296
for business owners.
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It allows for shops
to stay open later,
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for workers to work
longer into the evening.
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‐ [Narrator] But one part of
industry still lags behind,
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the hardware market
hasn't changed much
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since two brothers founded
the Stanley Toolworks
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in the 1840s.
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‐ If somebody could come up
with a way of taking the idea
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behind the industrial
revolution,
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that is applying
artificial power to a job,
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and if you could take the
power to the job site,
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if you could make
power portable,
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then all sorts of things
would become possible
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that hadn't been
possible before.
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‐ [Narrator] America is
ripe for a revolution
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in the tool industry,
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and two strangers are about
to join forces to lead it.
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(tense music)
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‐ Duncan Black,
meet Alonzo Decker.
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‐ Hi, Duncan.
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‐ Hi, how are you?
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‐ Black, show Decker how
the octaplex system works.
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‐ Yes sir, of course.
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Hey so, yeah.
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‐ [Narrator] In 1906, Duncan
Black and Alonzo Decker
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meet working at the
Roland Telegraph company.
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They are from Baltimore,
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but they had very
different upbringings.
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‐ Alonzo Decker had a
really tough childhood.
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He dropped out by
the time he was 14
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to get a job and then
take care of the family.
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He was always very
creative and a tinkerer,
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but he also was at
some point a teenager
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and didn't wanna have to get
up early to feed the horses.
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And so he rigged the horse
feeder onto an alarm clock.
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And every time the
alarm would ring,
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it would open up the
feeder and feed the horses.
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‐ Duncan Black came from a
much more comfortable home.
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He didn't have to work,
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so his upbringing was
a whole lot easier.
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(dramatic music)
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‐ [Narrator] One day,
these very different men
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will completely upend
the tool business,
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create the DIY
industry from scratch,
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and forge a company now
worth over $30 billion.
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(dramatic music)
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But in 1910, they are both still
at their telegraph company.
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And after four years,
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the ambitious Decker
is getting restless.
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‐ Duncan, you're still here.
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‐ Alonzo?
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You okay, what's the matter?
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‐ Oh no, I'm fine, I'm fine.
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I just wanted to catch
you before you left.
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‐ What is it?
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What's the matter?
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‐ I'm leaving Roland.
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‐ What do you mean
you're leaving Roland?
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‐ And I want you
to come with me.
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‐ You mean to go where?
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‐ You and I start
our own business.
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We do our own designs.
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‐ Decker was a natural
born risk taker
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and Black was a little
bit more conservative.
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But with that, he had
a great business mind
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where Decker was
always inventing
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and tinkering and
creating things.
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Those brains put together made
for a brilliant partnership.
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‐ [Narrator] Decker
loves to tinker
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and wants to go
into manufacturing.
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He's designed electric
machines in the past
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and thinks he can make
a business out of it,
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but they have one concern.
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Neither of them has any money.
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And Black has a
family to support.
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(dramatic music)
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900 miles away,
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a future competitor, 21
year old Arno Peterson,
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is on the mound
blowing away batters.
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‐ [Coach] Come on Arno,
let's see that fastball.
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‐ He was a baseball player,
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00:06:07,367 --> 00:06:09,617
but professional
baseball at the time,
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wasn't considered
a full time job.
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It was really just
a side hustle.
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Arno's main job
was as a handyman.
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(dramatic music)
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‐ Whoever designed
his damn thing
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never had to use it
eight hours a day.
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(tense music)
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‐ [Narrator] One day
Peterson's company
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will create a drill
and other devices
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that will transform
construction,
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launch and empire making
$5 billion a year,
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and be among the biggest
power tool manufacturers
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in the world.
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But right now, he's frustrated.
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‐ Using these tools, he
saw the flaws in them
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and where they
could be improved.
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He was constantly realizing that
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if he could make a better tool,
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it would make his job
a whole lot easier.
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‐ He is the epitome of an
entrepreneur in America.
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He's young, he's
creative, he's got drive.
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He sees an opportunity,
he sees a need,
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and he goes after to
try to make it better.
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‐ Just pull it up a
little on the right.
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00:07:19,230 --> 00:07:20,480
Yeah, that's it.
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‐ [Narrator] By 1914, Peterson's
baseball days are over
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and he turns his attention
to a new passion.
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‐ How's that?
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‐ It's perfect.
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‐ [Narrator] Designing
tools that will make the job
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of handyman, like
he was, easier.
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(tense music)
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By this time,
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Decker had already convinced
Black to leave the safety
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00:07:50,387 --> 00:07:52,637
of his telegraph
job and risk it all
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00:07:52,764 --> 00:07:54,724
to open a machine shop together.
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‐ This is what really
blows my mind about this.
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Black sells his car
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to Alonzo Decker's
father‐in‐law for $600,
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Alonzo Decker than mortgages
his house for $600 as well.
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So the stakes were
insanely high.
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‐ It takes a lot of guts, it
takes a lot of confidence,
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maybe a little dose
of lunacy as well,
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00:08:16,830 --> 00:08:20,040
but I guess the spoils go
to those that risk at all.
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(tense music)
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‐ I followed the
plans to the letter,
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so why won't it turn on?
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Oh, wait a minute.
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Yeah, got it.
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Okay.
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So go ahead and add the sugar.
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‐ Okay.
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‐ [Narrator] To get
their operation
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up and running quickly,
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they initially focus
on manufacturing
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existing designs,
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a candy dipping machine and
one that adds pockets to vests.
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‐ How often have I been
standing in my vest
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00:09:00,999 --> 00:09:03,169
wishing that I had a machine
to put a pocket in it.
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‐ [Narrator] By 1916, business
is slow and profits are slim.
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If Black and Decker
are going to survive,
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they'll have to develop a
machine for a bigger market.
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00:09:13,887 --> 00:09:17,057
And they see a need
with hand tools.
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‐ Most of the tools that
are used in industry
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are still very much dependent
on manpower, elbow grease.
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‐ Guys worked day and
night to build a house.
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00:09:27,275 --> 00:09:29,025
With electric drill these days,
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00:09:29,152 --> 00:09:30,702
you can drill a hundred
holes by the time
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somebody would drill one.
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‐ [Narrator] Black and
Decker think they can improve
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the power drill, which was
invented in Germany in 1895.
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But at 17 pounds,
it's hard to use,
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00:09:41,456 --> 00:09:44,786
and not much more powerful
than a hand cranked model.
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00:09:45,668 --> 00:09:47,128
‐ You had to grab two handles,
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00:09:47,212 --> 00:09:50,802
press your chest against the
chest plate to operate it.
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00:09:50,924 --> 00:09:52,474
And then the on and off
switch was separate,
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00:09:52,550 --> 00:09:53,470
and you had to do
that so you had
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00:09:53,510 --> 00:09:54,800
to take your hand off the tool.
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‐ Which is really dangerous
because if it gets bound
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00:09:58,515 --> 00:10:00,885
on something and it
wants to keep turning
203
00:10:01,017 --> 00:10:04,017
and you have to let go
to find the off switch,
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00:10:04,145 --> 00:10:07,065
that's where injuries
can happen very easily.
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00:10:09,859 --> 00:10:12,489
‐ [Narrator] They set out to
create the next generation
206
00:10:12,570 --> 00:10:15,660
of power drills,
but it's not easy.
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00:10:16,825 --> 00:10:19,235
‐ The hard part was figuring
out how to have the worker
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00:10:19,369 --> 00:10:23,999
hold that tool and turn it on
and off without dropping it
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00:10:24,082 --> 00:10:25,962
or having to take a hand off it.
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00:10:27,293 --> 00:10:29,803
‐ [Narrator] In the
meantime to make ends meet,
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00:10:29,921 --> 00:10:33,801
they take on a project
redesigning the Colt 45 pistol
212
00:10:33,842 --> 00:10:36,682
to help make
manufacturing it easier.
213
00:10:37,387 --> 00:10:39,887
(soft music)
214
00:10:47,689 --> 00:10:50,609
(dramatic music)
215
00:10:54,195 --> 00:10:55,775
‐ A drill with a trigger.
216
00:11:00,285 --> 00:11:01,285
How good would that be?
217
00:11:02,537 --> 00:11:05,327
(dramatic music)
218
00:11:07,834 --> 00:11:09,714
‐ I'd want one now.
219
00:11:12,630 --> 00:11:15,180
(tense music)
220
00:11:16,843 --> 00:11:18,143
‐ [Narrator] To
create a trigger,
221
00:11:18,219 --> 00:11:21,259
they have to reinvent how
the on off switch works.
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00:11:21,347 --> 00:11:23,557
They need something
that can be pressed
223
00:11:23,683 --> 00:11:25,193
with just one finger.
224
00:11:26,728 --> 00:11:28,438
The partners work the problem,
225
00:11:28,521 --> 00:11:31,861
imagining all sorts
of configurations.
226
00:11:31,941 --> 00:11:33,781
If they can't figure it out,
227
00:11:33,860 --> 00:11:36,150
they're struggling
business could go under.
228
00:11:38,531 --> 00:11:42,701
It takes several months of
tinkering, but they pull it off.
229
00:11:45,330 --> 00:11:46,750
(upbeat music)
230
00:11:46,873 --> 00:11:48,043
‐ This was such a big invention.
231
00:11:48,166 --> 00:11:49,666
It's going to make
it more consistent.
232
00:11:49,751 --> 00:11:52,341
You can control the power
on and off the trigger
233
00:11:52,462 --> 00:11:53,462
like a gun does.
234
00:11:53,588 --> 00:11:55,298
It's going to have
more accuracy.
235
00:11:56,716 --> 00:11:58,926
‐ [Narrator] But the drill
does have a major issue.
236
00:12:00,220 --> 00:12:03,770
‐ Black and Decker's original
drill started out at $230,
237
00:12:03,848 --> 00:12:07,518
which is around $5,000
in today's money.
238
00:12:07,644 --> 00:12:09,314
‐ [Narrator] And
there's another problem.
239
00:12:09,395 --> 00:12:11,685
At least 70% of Americans
240
00:12:11,814 --> 00:12:13,984
are still living
without electricity.
241
00:12:19,489 --> 00:12:20,819
(upbeat music)
242
00:12:21,491 --> 00:12:24,831
‐ [Narrator] When the US
enters World War I in 1917,
243
00:12:24,911 --> 00:12:28,211
there is an urgent need for
an American manufacturing.
244
00:12:29,707 --> 00:12:33,207
Exports to Europe
skyrocket from $1.5 billion
245
00:12:33,336 --> 00:12:36,836
to four billion as
allies look for support.
246
00:12:36,923 --> 00:12:38,803
But keeping up with
the increased demands
247
00:12:38,925 --> 00:12:42,255
requires using
state‐of‐the‐art power tools.
248
00:12:43,721 --> 00:12:46,101
‐ Working in a great
period of innovation,
249
00:12:46,182 --> 00:12:49,142
there's a lot of money and
profit to be made from war,
250
00:12:49,227 --> 00:12:51,847
which of course
spurs new products.
251
00:12:53,856 --> 00:12:55,816
‐ [Narrator] Despite
its high price,
252
00:12:55,942 --> 00:12:57,992
Black and Decker's
breakthrough drill
253
00:12:58,069 --> 00:12:59,949
is quickly snapped
up by factories
254
00:13:00,029 --> 00:13:03,409
producing munitions
for the US war effort.
255
00:13:03,533 --> 00:13:08,003
‐ The clear need during World
War I for the hole drilling
256
00:13:08,037 --> 00:13:11,327
that was provided by the
Black and Decker drill
257
00:13:11,457 --> 00:13:14,037
was a major success.
258
00:13:14,168 --> 00:13:15,958
‐ [Narrator] It
weighs around twice
259
00:13:16,004 --> 00:13:17,344
what a modern drill does,
260
00:13:17,463 --> 00:13:20,883
and it's a hundred
times more expensive.
261
00:13:21,009 --> 00:13:25,509
Even so, there's no competition,
and it's a huge success.
262
00:13:28,016 --> 00:13:31,476
By 1918, Black and
Decker expands.
263
00:13:32,478 --> 00:13:36,318
The company is doing $1
million in annual sales,
264
00:13:36,357 --> 00:13:38,187
around $13 million today,
265
00:13:39,235 --> 00:13:42,195
but they're about to
face serious competition.
266
00:13:43,698 --> 00:13:46,328
(tense music)
267
00:13:50,079 --> 00:13:52,999
During the war, Arno
Peterson carved out a niche
268
00:13:53,124 --> 00:13:56,464
in Milwaukee creating
custom made hand tools,
269
00:13:58,046 --> 00:14:00,666
but Black and Decker's
success inspires him
270
00:14:00,798 --> 00:14:02,508
to move into power tools.
271
00:14:02,592 --> 00:14:05,972
He desperately needs cash
for research and development,
272
00:14:06,095 --> 00:14:09,135
when he gets a lifeline
from one of his clients.
273
00:14:10,433 --> 00:14:13,023
(phone rings)
274
00:14:14,020 --> 00:14:16,810
‐ A. H. Peterson manufacturing.
275
00:14:18,399 --> 00:14:22,029
Mr. Peterson, it's
Henry Ford on the line.
276
00:14:22,862 --> 00:14:24,072
He says it's urgent.
277
00:14:25,615 --> 00:14:28,365
(dramatic music)
278
00:14:28,493 --> 00:14:30,333
‐ Yes, Mr. Ford?
279
00:14:31,245 --> 00:14:33,325
‐ [Narrator] In
1918, Henry Ford runs
280
00:14:33,456 --> 00:14:35,916
the largest automaker
in the world
281
00:14:35,958 --> 00:14:37,958
thanks to his assembly line.
282
00:14:42,048 --> 00:14:44,128
But both Chrysler
and General Motors
283
00:14:44,217 --> 00:14:46,797
are eating into Ford's sales.
284
00:14:46,928 --> 00:14:49,808
Now, even Black and
Decker's breakthrough drill
285
00:14:49,847 --> 00:14:51,517
isn't good enough for him.
286
00:14:51,641 --> 00:14:55,061
Ford wants a lighter,
smaller, cheaper drill.
287
00:14:57,563 --> 00:14:59,403
‐ This is a make
or break moment.
288
00:14:59,524 --> 00:15:01,034
'Cause if he's successful,
289
00:15:01,150 --> 00:15:03,990
then he's gonna be famous
for inventing the drill
290
00:15:04,112 --> 00:15:05,912
that Henry Ford uses.
291
00:15:06,030 --> 00:15:07,160
If he's not successful,
292
00:15:07,281 --> 00:15:08,951
he's gonna be the man who failed
293
00:15:09,033 --> 00:15:11,293
to build the drill
that Henry Ford wanted.
294
00:15:12,870 --> 00:15:15,500
(tense music)
295
00:15:18,835 --> 00:15:23,295
‐ Okay, so there are
two conductors connected
296
00:15:24,424 --> 00:15:25,884
to the switch box.
297
00:15:27,468 --> 00:15:29,508
And the trigger's pulled.
298
00:15:33,099 --> 00:15:36,689
The springs connect
with the contact plates
299
00:15:38,688 --> 00:15:40,398
and chuck engages.
300
00:15:44,819 --> 00:15:46,449
‐ [Narrator] Peterson
tinkers for weeks,
301
00:15:46,529 --> 00:15:50,489
examining Black and Decker's
drill for ways to improve it.
302
00:15:50,575 --> 00:15:53,195
‐ Look how much space
the motor takes up.
303
00:15:53,327 --> 00:15:55,957
A quarter inch drill doesn't
need a motor that big.
304
00:15:56,038 --> 00:15:57,958
They're grip in the
trigger is genius,
305
00:15:58,040 --> 00:16:01,630
but what if we put
it behind the motor
306
00:16:01,752 --> 00:16:03,132
instead of underneath?
307
00:16:03,254 --> 00:16:08,434
That way a smaller casing
might be easier on the forearm.
308
00:16:09,469 --> 00:16:12,259
(dramatic music)
309
00:16:19,187 --> 00:16:20,977
‐ [Narrator] After weeks
of trial and error,
310
00:16:21,105 --> 00:16:23,605
the drill is reconfigured
and scaled down.
311
00:16:29,363 --> 00:16:32,163
(drill whirring)
312
00:16:34,660 --> 00:16:36,250
‐ Well, would you look at?
313
00:16:36,370 --> 00:16:38,460
Cut clean through in
five seconds flat.
314
00:16:39,707 --> 00:16:40,667
I think she's ready.
315
00:16:43,628 --> 00:16:44,668
Here it is, Mr. Ford.
316
00:16:46,756 --> 00:16:49,716
‐ [Narrator] Peterson's drill
weighs just about four pounds,
317
00:16:49,800 --> 00:16:51,800
half as much as
Black and Decker's
318
00:16:51,928 --> 00:16:54,508
and about the same
as a modern drill.
319
00:16:57,725 --> 00:17:01,265
‐ I've taken to calling
it the hole shooter.
320
00:17:03,022 --> 00:17:05,982
(drill whirring)
321
00:17:08,653 --> 00:17:11,703
‐ Well, that seems
fitting doesn't it?
322
00:17:15,868 --> 00:17:18,498
‐ Henry Ford loves
Peterson's design.
323
00:17:18,579 --> 00:17:22,329
In fact, he hires them to
create them for his immediately.
324
00:17:22,416 --> 00:17:23,996
This is a complete game changer.
325
00:17:24,126 --> 00:17:25,956
‐ Most small business
owners, you know,
326
00:17:26,087 --> 00:17:27,377
in the case of
Peterson, as an example,
327
00:17:27,505 --> 00:17:29,965
if you put the whale
in front of them,
328
00:17:30,007 --> 00:17:31,427
they'll find the harpoon.
329
00:17:32,927 --> 00:17:35,467
(soft music)
330
00:17:36,556 --> 00:17:39,056
‐ [Narrator] Peterson secures
a patent on his design
331
00:17:39,141 --> 00:17:41,481
and starts producing
the hole shooter
332
00:17:41,602 --> 00:17:43,772
for the commercial
construction market.
333
00:17:44,939 --> 00:17:49,489
The price is much lower than
Black and Decker's, just $42.
334
00:17:49,569 --> 00:17:51,649
About $610 today,
335
00:17:51,779 --> 00:17:55,159
but Black and Decker still
dominates the market.
336
00:17:55,283 --> 00:17:56,493
‐ Part of the problem
with coming up
337
00:17:56,617 --> 00:17:59,407
with the next great new
ideas is that it's hard
338
00:17:59,537 --> 00:18:03,117
to communicate how
great your new idea is.
339
00:18:04,083 --> 00:18:06,593
(soft music)
340
00:18:10,673 --> 00:18:13,343
‐ [Narrator] To generate buzz,
Peterson's head of sales,
341
00:18:13,467 --> 00:18:18,717
Al Siebert, devises an eye
catching marketing strategy.
342
00:18:19,765 --> 00:18:23,555
A series of live demonstrations
in local hardware stores
343
00:18:23,644 --> 00:18:24,604
with a twist.
344
00:18:26,147 --> 00:18:28,317
‐ Look, boys, it's so simple,
345
00:18:28,357 --> 00:18:29,857
even the ladies can use it.
346
00:18:30,901 --> 00:18:32,491
(applause)
347
00:18:32,612 --> 00:18:35,572
‐ Back then, all
labor was done by men.
348
00:18:35,656 --> 00:18:39,326
It was not a woman's
way to use a drill.
349
00:18:39,452 --> 00:18:42,252
So the fact that you
put a woman in a window
350
00:18:42,371 --> 00:18:45,171
using a drill, ingenious.
351
00:18:45,207 --> 00:18:47,497
(drill whirring)
352
00:18:47,585 --> 00:18:52,005
They were playing off of the
sexist mind state of men,
353
00:18:52,131 --> 00:18:53,301
and it worked.
354
00:18:54,675 --> 00:18:57,295
(tense music)
355
00:18:58,220 --> 00:18:59,970
‐ [Narrator] Factories
and construction sites
356
00:19:00,056 --> 00:19:02,216
soon adopt Peterson's drill.
357
00:19:03,351 --> 00:19:07,611
Black and Decker now see
Peterson as a serious threat.
358
00:19:08,522 --> 00:19:11,282
In response, they
invest in a range of new
359
00:19:11,359 --> 00:19:13,489
and improved power tools.
360
00:19:15,196 --> 00:19:17,566
A grinder for cutting
and polishing metal,
361
00:19:17,657 --> 00:19:20,867
an electric screwdriver,
and a new series of smaller,
362
00:19:20,993 --> 00:19:25,123
less expensive drills to
challenge the hole shooter.
363
00:19:25,206 --> 00:19:27,326
‐ When you have two
inventors competing
364
00:19:27,416 --> 00:19:28,786
to make the best product,
365
00:19:28,918 --> 00:19:30,588
you're going to push each other.
366
00:19:32,254 --> 00:19:34,554
‐ [Narrator] And they
don't know it yet,
367
00:19:35,675 --> 00:19:38,885
but a new rival is about
to enter the fray.
368
00:19:41,263 --> 00:19:42,643
‐ Holy moly.
369
00:19:43,766 --> 00:19:46,346
(tense music)
370
00:19:58,322 --> 00:20:01,452
(upbeat music)
371
00:20:07,123 --> 00:20:09,833
(upbeat music)
372
00:20:09,959 --> 00:20:12,289
‐ [Narrator] As the US
enters the roaring 20s,
373
00:20:12,420 --> 00:20:14,170
the economy takes off,
374
00:20:14,296 --> 00:20:16,666
and so does the home
building industry.
375
00:20:18,300 --> 00:20:21,180
Department stores like
Sears and Montgomery Ward
376
00:20:21,303 --> 00:20:24,063
even sell mail order home kits
377
00:20:24,181 --> 00:20:25,811
that local builders put together
378
00:20:25,850 --> 00:20:29,650
with the help new
electric power tools.
379
00:20:29,729 --> 00:20:30,809
By this time,
380
00:20:30,938 --> 00:20:32,978
Black and Decker has factories
throughout the Northeast
381
00:20:33,107 --> 00:20:38,317
and customers as far away as
Russia, Australia, and Japan.
382
00:20:39,029 --> 00:20:41,659
(upbeat music)
383
00:20:41,741 --> 00:20:45,581
But competition is coming,
and from a surprising place.
384
00:20:49,123 --> 00:20:51,633
(tense music)
385
00:20:55,212 --> 00:20:56,632
‐ Keep at it, boys.
386
00:20:56,756 --> 00:20:58,466
Smooth and straight.
387
00:20:59,592 --> 00:21:02,012
If I see a variance of more
than an eighth of an inch,
388
00:21:02,094 --> 00:21:03,894
I'm putting you
all on mop‐up duty.
389
00:21:05,139 --> 00:21:07,729
(tense music)
390
00:21:09,852 --> 00:21:12,312
‐ I need this load
done yesterday.
391
00:21:12,438 --> 00:21:13,268
‐ We're on it, boss.
392
00:21:13,355 --> 00:21:14,765
Moving as fast as we can.
393
00:21:16,275 --> 00:21:18,145
(tense music)
394
00:21:18,277 --> 00:21:19,567
Okay, let's keep
it moving, fellas.
395
00:21:19,653 --> 00:21:22,283
There's no more breaks
till we get this load out.
396
00:21:23,532 --> 00:21:26,162
‐ [Narrator] In a mill in
Oakville, Pennsylvania,
397
00:21:26,285 --> 00:21:29,655
a 37 year old foreman is
driving his crew hard.
398
00:21:30,581 --> 00:21:32,831
His name is Raymond DeWalt.
399
00:21:33,793 --> 00:21:35,503
‐ He actually grew
up in the wood shop.
400
00:21:35,628 --> 00:21:37,458
His father was a wagon maker.
401
00:21:37,588 --> 00:21:39,258
When he had finished school,
402
00:21:39,340 --> 00:21:41,930
he actually went into
that same profession,
403
00:21:42,009 --> 00:21:44,509
and out of the corner
of his dad's wood shop
404
00:21:44,637 --> 00:21:45,677
starts his own business
405
00:21:45,805 --> 00:21:48,925
building children's
toys, games, wood chests.
406
00:21:50,392 --> 00:21:53,402
‐ [Narrator] In 1922,
DeWalt lands a position
407
00:21:53,521 --> 00:21:55,611
as head of a woodworking mill.
408
00:21:55,689 --> 00:21:58,069
He is under constant
pressure from the owner
409
00:21:58,192 --> 00:21:59,652
to speed up production.
410
00:22:01,862 --> 00:22:05,282
But sawing wood is a
laborious, inexact,
411
00:22:05,366 --> 00:22:08,156
and inefficient process.
412
00:22:08,244 --> 00:22:10,874
(tense music)
413
00:22:12,998 --> 00:22:16,338
‐ Ray DeWalt is realizing
that too many man hours
414
00:22:16,418 --> 00:22:18,998
are being spent on
preparing the lumber
415
00:22:19,129 --> 00:22:21,049
with the ripping of the boards
416
00:22:21,131 --> 00:22:22,971
and the cross cutting to length.
417
00:22:23,092 --> 00:22:26,392
And there's got to
be a better way.
418
00:22:26,512 --> 00:22:29,102
(tense music)
419
00:22:33,143 --> 00:22:34,233
‐ [Narrator] DeWalt
has no background
420
00:22:34,353 --> 00:22:35,903
in engineering or design,
421
00:22:35,980 --> 00:22:39,530
but he's a born tinkerer with
a knack for finding new ways
422
00:22:39,650 --> 00:22:43,320
to modify his tools to
accomplish the task at hand.
423
00:22:44,280 --> 00:22:48,450
And one day in 1922,
an idea comes to him.
424
00:22:50,744 --> 00:22:53,374
He is sure that if he can
figure out how to invent
425
00:22:53,455 --> 00:22:55,615
a saw powered by electricity,
426
00:22:56,709 --> 00:22:58,459
it would be a game changer.
427
00:22:59,336 --> 00:23:02,336
(dramatic music)
428
00:23:07,261 --> 00:23:11,021
He tinkers with the design
for weeks using a circular saw
429
00:23:11,140 --> 00:23:13,890
and mounts it onto an
arm that would pivot.
430
00:23:15,019 --> 00:23:17,649
(tense music)
431
00:23:19,857 --> 00:23:23,987
‐ This lets him move the saw
blade at almost any angle.
432
00:23:24,069 --> 00:23:25,149
He can go up and down with it,
433
00:23:25,279 --> 00:23:29,239
and that lets him make
circular cuts, make cross cuts,
434
00:23:29,366 --> 00:23:30,446
make rip cuts.
435
00:23:30,534 --> 00:23:32,914
He could even bore holes
and put in notches.
436
00:23:34,788 --> 00:23:37,538
This tool basically
does everything
437
00:23:37,666 --> 00:23:40,456
that a carpenter would
do by hand on a job site.
438
00:23:44,924 --> 00:23:47,804
DeWalt calls his saw
the wonder worker.
439
00:23:49,929 --> 00:23:52,509
(tense music)
440
00:23:56,352 --> 00:23:57,652
‐ [Narrator] The same year,
441
00:23:57,770 --> 00:24:00,520
a young businessman named
Paul Gardner visits the mill
442
00:24:00,648 --> 00:24:02,108
about another matter.
443
00:24:02,191 --> 00:24:05,691
He's amazed to see the
wonder worker in action.
444
00:24:09,323 --> 00:24:11,663
‐ So, for a cross cut,
445
00:24:11,784 --> 00:24:14,084
you wanna set the blade
depth to just below
446
00:24:14,161 --> 00:24:15,541
the surface of the wood.
447
00:24:15,871 --> 00:24:16,581
‐ Right.
448
00:24:16,705 --> 00:24:18,495
‐ And then, and
this is important,
449
00:24:18,540 --> 00:24:21,840
I don't lower the blade
to its cutting position
450
00:24:21,961 --> 00:24:23,751
until the saws motor
is up to speed.
451
00:24:23,837 --> 00:24:25,457
Otherwise, I'll end
up cutting grooves
452
00:24:25,589 --> 00:24:26,799
all over the table.
‐ Got it.
453
00:24:26,924 --> 00:24:32,434
‐ Now, I reckon I can do about
29 different types of cut
454
00:24:32,513 --> 00:24:33,433
with this one machine.
455
00:24:34,181 --> 00:24:35,771
‐ [Narrator] Gardner is just 23.
456
00:24:35,849 --> 00:24:38,269
He's already a successful
tool distributor,
457
00:24:38,352 --> 00:24:41,772
and is familiar with Black
and Decker's electric drill.
458
00:24:41,855 --> 00:24:45,065
He knows the power
tool is the future.
459
00:24:45,192 --> 00:24:47,782
He seizes the opportunity
and on the spot
460
00:24:47,861 --> 00:24:51,201
asks the DeWalt if he wants
to quit his job at the mill
461
00:24:51,323 --> 00:24:52,873
and go into business together.
462
00:24:53,909 --> 00:24:56,249
‐ DeWalt has the
creativity and Paul Gardner
463
00:24:56,370 --> 00:24:57,750
has the business savvy,
464
00:24:57,871 --> 00:24:59,671
and that's how Gardner
convinced DeWalt
465
00:24:59,748 --> 00:25:01,328
to go into business with him.
466
00:25:01,458 --> 00:25:03,378
‐ Paul Gardner was
very ambitious,
467
00:25:03,460 --> 00:25:05,750
and he could have
gone on to college,
468
00:25:05,838 --> 00:25:08,628
but he went on to interview
some of the titans of American
469
00:25:08,757 --> 00:25:10,797
business during that time.
470
00:25:10,926 --> 00:25:15,216
Andrew Carnegie, John D
Rockefeller, and JP Morgan,
471
00:25:15,305 --> 00:25:18,515
and this was really better
than any business degree
472
00:25:18,642 --> 00:25:20,772
or college degree he
could have gotten.
473
00:25:21,645 --> 00:25:23,015
(dramatic music)
474
00:25:23,147 --> 00:25:24,647
‐ [Narrator] Someday
their tool company
475
00:25:24,732 --> 00:25:27,782
will be an industry leader
in the high‐end tool market,
476
00:25:29,111 --> 00:25:30,491
become a household name,
477
00:25:32,239 --> 00:25:35,159
and be worth $3.5 billion.
478
00:25:37,202 --> 00:25:41,922
But in 1923, DeWalt's rivals
have a commanding lead.
479
00:25:43,667 --> 00:25:46,167
(soft music)
480
00:25:49,798 --> 00:25:53,588
Meanwhile, Arno Peterson's
hole shooter marketing campaign
481
00:25:53,677 --> 00:25:57,057
is working and his
company is taking off.
482
00:25:58,015 --> 00:25:59,925
(tense music)
483
00:26:00,017 --> 00:26:03,647
Then on a cold
April night in 1924,
484
00:26:07,191 --> 00:26:09,821
his dreams go up in flames.
485
00:26:09,902 --> 00:26:12,702
Arson is suspected,
but never proven.
486
00:26:13,614 --> 00:26:16,584
(dramatic music)
487
00:26:25,667 --> 00:26:30,667
His factory and his ambitions
lie in smoldering ruins.
488
00:26:32,674 --> 00:26:35,094
‐ Arno Peterson has a
really difficult decision.
489
00:26:35,177 --> 00:26:39,307
He can either face bankruptcy
and start all over again,
490
00:26:39,389 --> 00:26:41,559
or he can choose to walk away.
491
00:26:42,434 --> 00:26:44,984
(soft music)
492
00:26:50,400 --> 00:26:53,820
‐ It's all yours,
Al, if you want it.
493
00:26:56,448 --> 00:26:57,698
‐ Are you sure Arno?
494
00:27:01,286 --> 00:27:02,246
‐ Yeah.
495
00:27:03,705 --> 00:27:04,745
Yeah, I'm sure.
496
00:27:06,917 --> 00:27:10,127
‐ His factory burnt down
and that just really
497
00:27:10,254 --> 00:27:11,094
broke his spirit.
498
00:27:11,171 --> 00:27:12,091
He gave up.
499
00:27:14,800 --> 00:27:16,180
‐ [Narrator] Peterson's
head of marketing,
500
00:27:16,301 --> 00:27:18,931
Al Siebert, buys the company,
501
00:27:19,012 --> 00:27:20,722
but he's starting from scratch.
502
00:27:20,848 --> 00:27:23,978
And with Peterson gone,
Siebert will need a miracle
503
00:27:24,059 --> 00:27:25,019
to bring it back.
504
00:27:33,360 --> 00:27:34,280
(upbeat music)
505
00:27:34,361 --> 00:27:36,491
‐ [Narrator] In 1925,
one year after fire
506
00:27:36,613 --> 00:27:38,323
destroys the Peterson factory,
507
00:27:38,448 --> 00:27:42,118
new owner Al Siebert is
clawing his way back.
508
00:27:42,202 --> 00:27:45,162
He's rebuilt the plant,
but he knows he must expand
509
00:27:45,289 --> 00:27:48,879
if he's going to compete with
Black and Decker and DeWalt.
510
00:27:51,295 --> 00:27:53,955
(tense music)
511
00:27:55,048 --> 00:27:58,588
Without Peterson to innovate,
Siebert's plan is simple.
512
00:27:58,677 --> 00:28:00,967
Keep making the hole
shooter while looking
513
00:28:01,096 --> 00:28:04,676
for ways to improve on
their rivals designs.
514
00:28:04,766 --> 00:28:06,136
‐ You know fellas,
515
00:28:06,185 --> 00:28:08,095
we have to find a way
to not just fix them,
516
00:28:08,187 --> 00:28:09,437
but to make them better.
517
00:28:10,814 --> 00:28:12,194
Take good notes.
518
00:28:12,316 --> 00:28:13,936
‐ [Narrator] With the intel
gained from dissecting
519
00:28:14,026 --> 00:28:17,646
Black and Decker's latest drill
and DeWalt's electric saw,
520
00:28:17,779 --> 00:28:20,029
the company goes
back into production,
521
00:28:21,283 --> 00:28:25,253
but they are no longer called
A. H. Peterson manufacturing.
522
00:28:25,370 --> 00:28:28,790
‐ It's the same hole
shooter, same great product,
523
00:28:28,874 --> 00:28:30,174
but under a new name.
524
00:28:30,209 --> 00:28:32,959
From now on, it'll be
known as Milwaukee.
525
00:28:33,921 --> 00:28:36,671
That's right, Milwaukee
Electric Tool Company.
526
00:28:36,798 --> 00:28:38,128
And we've got big plans.
527
00:28:39,051 --> 00:28:39,931
Yes, indeed.
528
00:28:41,762 --> 00:28:44,472
‐ The hole shooter as it
was, he improved on that,
529
00:28:44,514 --> 00:28:47,524
he made a better
motor, better cord.
530
00:28:47,643 --> 00:28:52,653
He also introduced an electric
saw, a grinder, and a sander.
531
00:28:53,106 --> 00:28:54,976
‐ [Narrator] Milwaukee's
improved hole shooter
532
00:28:55,108 --> 00:28:55,978
sells well,
533
00:28:56,068 --> 00:28:57,738
but to catch up with
Black and Decker,
534
00:28:57,861 --> 00:29:00,071
Siebert desperately needs more.
535
00:29:01,323 --> 00:29:01,663
(knock at the door)
536
00:29:01,740 --> 00:29:02,780
‐ Come in.
537
00:29:03,867 --> 00:29:06,367
‐ Mr. Siebert,
your mail is here.
538
00:29:06,495 --> 00:29:07,445
‐ Thank you, Mary.
539
00:29:08,705 --> 00:29:11,285
(tense music)
540
00:29:12,834 --> 00:29:16,714
‐ [Narrator] Then Milwaukee
gets a game surprise.
541
00:29:17,965 --> 00:29:19,215
‐ Well, I'll be damned.
542
00:29:19,341 --> 00:29:22,221
‐ [Narrator] The Navy gives
them a valuable contract.
543
00:29:23,512 --> 00:29:24,682
And for the first time,
544
00:29:24,805 --> 00:29:27,845
Milwaukee can compete
with Black and Decker.
545
00:29:29,434 --> 00:29:32,024
(tense music)
546
00:29:37,693 --> 00:29:40,403
(saw whirring)
547
00:29:43,532 --> 00:29:46,372
(dramatic music)
548
00:29:48,870 --> 00:29:51,290
‐ When you see the blade
start to climb the lumber
549
00:29:51,373 --> 00:29:53,793
so that it stops cutting
all the way through,
550
00:29:53,875 --> 00:29:56,995
it's time to check the
roller bearings in the yolk
551
00:29:57,129 --> 00:29:59,379
and give them a good
tightening, okay?
552
00:29:59,506 --> 00:30:01,336
‐ [Narrator] Meanwhile,
DeWalt and Gardner
553
00:30:01,466 --> 00:30:02,876
aren't taking it easy.
554
00:30:03,010 --> 00:30:05,180
They set up a plant in
Eastern Pennsylvania
555
00:30:05,262 --> 00:30:07,642
to manufacture the
breakthrough saw.
556
00:30:07,764 --> 00:30:09,144
It's an immediate hit.
557
00:30:10,350 --> 00:30:15,400
By 1928, monthly sales reach
$800,000 in today's money.
558
00:30:16,690 --> 00:30:20,070
DeWalt also comes up with a
range of other power tools,
559
00:30:20,193 --> 00:30:22,453
putting them further
ahead of Milwaukee
560
00:30:22,529 --> 00:30:25,319
and in striking distance
of Black and Decker.
561
00:30:26,700 --> 00:30:29,830
(dramatic music)
562
00:30:29,911 --> 00:30:33,291
Then, just as DeWalt
is hitting its stride,
563
00:30:34,291 --> 00:30:37,171
Ray DeWalt makes a
fateful decision.
564
00:30:37,294 --> 00:30:40,964
‐ He sells his entire
investment in his company
565
00:30:41,089 --> 00:30:43,129
for what his granddaughter
would later describe
566
00:30:43,216 --> 00:30:44,966
as a pittance.
567
00:30:45,093 --> 00:30:48,143
And he takes that money and
he goes to form a commune,
568
00:30:48,263 --> 00:30:50,603
a religious commune
in Pennsylvania.
569
00:30:51,516 --> 00:30:53,846
‐ [Narrator] Gardner
now owns the company,
570
00:30:53,935 --> 00:30:56,395
but the timing
couldn't be worse.
571
00:30:56,521 --> 00:31:00,151
In 1929, the most catastrophic
stock market crash
572
00:31:00,275 --> 00:31:04,855
in American history sends
the economy into a tailspin.
573
00:31:04,946 --> 00:31:08,826
And the white hot construction
industry is hit hard.
574
00:31:08,909 --> 00:31:11,789
‐ By 1933, the construction
industry was off
575
00:31:11,870 --> 00:31:14,000
by almost 87%.
576
00:31:14,122 --> 00:31:15,752
So not only was
construction stopped,
577
00:31:15,874 --> 00:31:17,134
but tradesmen were out of work,
578
00:31:17,209 --> 00:31:19,039
tool manufacturers
were not making tools
579
00:31:19,169 --> 00:31:21,129
because what would
people need tools for,
580
00:31:21,213 --> 00:31:23,053
they weren't building anymore.
581
00:31:25,258 --> 00:31:27,968
‐ [Narrator] Gardner is
forced to give pink slips
582
00:31:28,095 --> 00:31:30,215
to much of his staff.
583
00:31:30,305 --> 00:31:32,925
(tense music)
584
00:31:33,850 --> 00:31:35,350
Reeling from his
partner's departure,
585
00:31:35,477 --> 00:31:37,307
he is now staring
at the possibility
586
00:31:37,396 --> 00:31:39,516
of a total collapse
of his company,
587
00:31:41,024 --> 00:31:43,614
but his rivals are
also in trouble.
588
00:31:46,446 --> 00:31:48,776
(soft music)
589
00:31:48,865 --> 00:31:50,525
After dizzying success,
590
00:31:50,659 --> 00:31:54,329
Black and Decker is forced to
lay off hundreds of workers.
591
00:31:54,454 --> 00:31:57,254
And one of them is
extremely personal.
592
00:31:58,625 --> 00:32:01,125
‐ He decides to lay off his son.
593
00:32:01,211 --> 00:32:04,011
I think that that's
incredibly respectful.
594
00:32:04,089 --> 00:32:06,799
And that's an example
of moral leadership.
595
00:32:06,883 --> 00:32:08,303
You know, that he is
actually gonna make
596
00:32:08,385 --> 00:32:11,255
the biggest sacrifice by
letting go one of his own
597
00:32:11,346 --> 00:32:14,306
to show the company that
this is not something
598
00:32:14,433 --> 00:32:15,393
that he wants to do,
599
00:32:15,517 --> 00:32:17,227
but it's something
that he has to do.
600
00:32:18,395 --> 00:32:20,305
‐ [Narrator] With his
company near bankruptcy,
601
00:32:20,439 --> 00:32:23,149
Decker Sr. has a nervous
breakdown while his son
602
00:32:23,191 --> 00:32:26,901
finds a job selling soap
flakes to grocery stores
603
00:32:27,028 --> 00:32:28,908
for $8 a week.
604
00:32:29,030 --> 00:32:31,950
But Al Jr. vows to come back.
605
00:32:40,500 --> 00:32:41,330
(tense music)
606
00:32:41,460 --> 00:32:42,960
It's been four years
since Alonzo Decker Jr.
607
00:32:43,044 --> 00:32:44,964
was let go from his
father's company
608
00:32:45,046 --> 00:32:46,836
in a massive round of layoffs
609
00:32:46,965 --> 00:32:48,625
triggered by the
great depression.
610
00:32:49,634 --> 00:32:52,054
With financial losses
now bottoming out,
611
00:32:52,179 --> 00:32:55,179
in 1933, Decker rehires Al Jr.
612
00:32:55,307 --> 00:32:59,267
But the young man doesn't get
his old executive job back.
613
00:32:59,352 --> 00:33:04,612
‐ Instead of putting it back
at a executive position,
614
00:33:04,691 --> 00:33:05,861
he starts him out at the bottom
615
00:33:05,984 --> 00:33:08,284
as a janitor making
25 cents an hour.
616
00:33:09,696 --> 00:33:11,986
(tense music)
617
00:33:12,073 --> 00:33:13,283
‐ A lot of people would think
618
00:33:13,366 --> 00:33:14,986
I have a right to this company.
619
00:33:15,076 --> 00:33:20,366
I'm the son, an educated
son, of one of its founders.
620
00:33:21,374 --> 00:33:22,504
He doesn't take that
attitude at all.
621
00:33:22,584 --> 00:33:24,964
There's not a sense of
entitlement about this company,
622
00:33:25,086 --> 00:33:27,296
and he wants to earn it.
623
00:33:27,422 --> 00:33:29,172
‐ [Narrator] Decker's
plan is to work his way
624
00:33:29,299 --> 00:33:30,799
back up to the top,
625
00:33:30,926 --> 00:33:32,966
but the economy
has not rebounded
626
00:33:33,053 --> 00:33:36,563
and his father's company
is barely hanging on.
627
00:33:36,681 --> 00:33:38,311
‐ Hey, look at this.
628
00:33:38,391 --> 00:33:40,641
What's this casing made from?
629
00:33:40,769 --> 00:33:41,649
‐ That's aluminum.
630
00:33:41,770 --> 00:33:43,150
Die‐cast aluminum.
631
00:33:43,230 --> 00:33:45,820
‐ Oh yeah, dad was
telling you about this.
632
00:33:45,941 --> 00:33:47,901
Wow, wasn't kidding.
633
00:33:48,026 --> 00:33:50,446
So much lighter
than the cast metal.
634
00:33:50,529 --> 00:33:51,739
How durable is it?
635
00:33:51,863 --> 00:33:52,993
Customer complaints?
636
00:33:53,114 --> 00:33:54,784
‐ No, they love it.
637
00:33:56,159 --> 00:33:57,579
‐ [Narrator] As the country
enters the next decade,
638
00:33:57,702 --> 00:34:00,582
power tools will suddenly
be in high demand.
639
00:34:03,375 --> 00:34:05,875
America's industrial
priorities shift
640
00:34:06,002 --> 00:34:08,762
after the 1941 attack
on Pearl Harbor
641
00:34:08,838 --> 00:34:11,838
pulls the US into World War II.
642
00:34:11,967 --> 00:34:13,717
‐ There's tanks,
there was artillery,
643
00:34:13,843 --> 00:34:15,393
there was battleships,
644
00:34:15,512 --> 00:34:19,642
there was planes and they all
needed high tech power tools
645
00:34:19,766 --> 00:34:20,636
to create them.
646
00:34:21,851 --> 00:34:24,231
‐ [Narrator] Black and
Decker, Milwaukee, and DeWalt
647
00:34:24,354 --> 00:34:26,774
all see a surge in orders.
648
00:34:26,856 --> 00:34:28,856
‐ The DeWalt wonder workers
really became popular
649
00:34:28,984 --> 00:34:30,194
during World War II.
650
00:34:30,318 --> 00:34:32,898
In fact, it was standard
issue on all military bases
651
00:34:33,029 --> 00:34:34,859
for building
barracks and bridges
652
00:34:34,990 --> 00:34:36,120
and whatever else they needed.
653
00:34:36,199 --> 00:34:37,739
‐ Welcome back.
‐ Thank you.
654
00:34:39,786 --> 00:34:40,996
‐ [Paul] Welcome back.
655
00:34:41,037 --> 00:34:44,997
‐ [Narrator] DeWalt, now led
by a re‐energized Paul Gardner,
656
00:34:45,083 --> 00:34:47,383
is able to bring on
several new employees
657
00:34:47,460 --> 00:34:51,170
that are dedicated entirely
to America's war effort.
658
00:34:51,298 --> 00:34:54,338
Meanwhile, Milwaukee's
improved hole shooter
659
00:34:54,467 --> 00:34:56,757
is still the Navy's go to grill.
660
00:34:58,013 --> 00:35:00,143
‐ We've got 10,000
ready to ship out
661
00:35:00,265 --> 00:35:01,725
whenever you boys need them.
662
00:35:01,850 --> 00:35:05,310
I want the first destroyer
that drops anchor in Tokyo bay
663
00:35:05,437 --> 00:35:07,397
to be made with a Milwaukee.
664
00:35:07,522 --> 00:35:08,732
‐ [Narrator] And black
and Decker switches
665
00:35:08,857 --> 00:35:12,527
some of their manufacturing
capacity over to munitions,
666
00:35:12,652 --> 00:35:16,452
as well as increasing their
output of power tools.
667
00:35:16,531 --> 00:35:19,031
(tense music)
668
00:35:19,159 --> 00:35:20,539
With men fighting overseas,
669
00:35:20,660 --> 00:35:23,330
thousands of women use
those tools in factories
670
00:35:23,455 --> 00:35:24,995
across the country.
671
00:35:25,123 --> 00:35:27,173
They are recruited
by the US government
672
00:35:27,250 --> 00:35:29,630
with posters portraying
a patriotic symbol
673
00:35:29,711 --> 00:35:33,841
that will become an American
icon, Rosie the Riveter.
674
00:35:36,176 --> 00:35:38,006
The demand for Black
and Decker drills
675
00:35:38,136 --> 00:35:40,216
increases during the war,
676
00:35:40,347 --> 00:35:42,637
but Al Jr., who by
now has worked his way
677
00:35:42,766 --> 00:35:46,846
back up to executive,
notices something unusual.
678
00:35:46,978 --> 00:35:48,268
‐ Now, how about that?
679
00:35:50,649 --> 00:35:53,149
(tense music)
680
00:35:56,112 --> 00:35:57,452
Hello, George?
681
00:35:57,530 --> 00:35:59,660
Hi, it's Al from
Black and Decker.
682
00:35:59,741 --> 00:36:01,451
I just had a quick
question for you.
683
00:36:01,534 --> 00:36:05,334
‐ What happened is the
factories kept reordering drills
684
00:36:05,413 --> 00:36:07,293
and Decker is concerned
that the drills
685
00:36:07,374 --> 00:36:09,004
were breaking down
or burning out.
686
00:36:09,125 --> 00:36:10,585
And Decker at some point finally
687
00:36:10,669 --> 00:36:12,669
called the government
contractors and said,
688
00:36:12,796 --> 00:36:15,216
what is happening
with all these drills?
689
00:36:16,341 --> 00:36:18,891
‐ So I did some looking
into these duplicate orders,
690
00:36:20,929 --> 00:36:24,519
and get this, these Rosies
like our drills so much
691
00:36:24,641 --> 00:36:27,561
they're smuggling them
home for their husbands.
692
00:36:27,686 --> 00:36:32,226
‐ Okay, so we make more,
keep the factory stocked.
693
00:36:32,357 --> 00:36:35,237
‐ Yeah, but I think there's
something else to this.
694
00:36:35,360 --> 00:36:38,030
People want to have a
drill around the house.
695
00:36:38,154 --> 00:36:39,324
You know, if they
wanna hang a picture
696
00:36:39,406 --> 00:36:42,826
or fix a staircase or
maybe build a new shed.
697
00:36:45,370 --> 00:36:50,170
‐ Eureka, he realizes that
the next wave of power tools
698
00:36:50,250 --> 00:36:51,460
is the common man.
699
00:36:51,584 --> 00:36:55,384
He's got to make these tools
cheaper, less cumbersome,
700
00:36:55,463 --> 00:36:58,263
so that they can be in
every household in America.
701
00:36:59,342 --> 00:37:02,472
‐ About 1946, they introduced
a homeowner version
702
00:37:02,554 --> 00:37:05,014
of the electric drill that
was being used in the factory.
703
00:37:05,098 --> 00:37:06,138
So now the factory workers
704
00:37:06,224 --> 00:37:07,644
didn't have to
take home a drill,
705
00:37:07,726 --> 00:37:11,306
they could afford one to keep
it home to use all week long.
706
00:37:11,396 --> 00:37:15,186
‐ Black and Decker releases
a host of household tools.
707
00:37:15,316 --> 00:37:16,986
Their drill is the most popular.
708
00:37:17,068 --> 00:37:22,528
They produce about 80,000
and it sells out immediately.
709
00:37:22,824 --> 00:37:23,744
Decker Jr.
710
00:37:23,867 --> 00:37:28,287
realizes his foresight
was right on the money.
711
00:37:29,956 --> 00:37:32,456
‐ [Narrator] What happens
next changes the game
712
00:37:32,542 --> 00:37:34,462
and drives the power
tool industry
713
00:37:34,586 --> 00:37:36,956
to unimaginable profits.
714
00:37:43,428 --> 00:37:45,008
(upbeat music)
715
00:37:45,555 --> 00:37:47,135
‐ [Narrator] For more
than 20 years,
716
00:37:47,265 --> 00:37:49,135
there have been
three power players
717
00:37:49,184 --> 00:37:50,814
in the power tool business,
718
00:37:50,894 --> 00:37:51,814
Black and Decker,
719
00:37:51,895 --> 00:37:53,055
Milwaukee,
720
00:37:53,188 --> 00:37:54,398
and DeWalt.
721
00:37:54,522 --> 00:37:57,442
(upbeat music)
722
00:37:57,525 --> 00:38:02,605
But in 1949, DeWalt's owner
makes a surprising move.
723
00:38:02,697 --> 00:38:06,277
He sells DeWalt to the American
Machine and Foundry Company
724
00:38:06,367 --> 00:38:09,447
for $23 million
in today's money.
725
00:38:10,413 --> 00:38:12,213
‐ He achieved a
goal he had set out
726
00:38:12,332 --> 00:38:13,672
to do from the beginning
727
00:38:13,792 --> 00:38:17,382
and by emulating these
great titans of business,
728
00:38:17,504 --> 00:38:19,464
it helped him get to that point.
729
00:38:21,508 --> 00:38:23,798
‐ [Narrator] A
decade later in 1960,
730
00:38:23,885 --> 00:38:26,505
Black and Decker buys
DeWalt for more than double
731
00:38:26,638 --> 00:38:28,008
what Gardner sold it for.
732
00:38:30,350 --> 00:38:32,350
Now there are just
two contenders
733
00:38:32,435 --> 00:38:35,305
duking it out in
the power tools war,
734
00:38:35,396 --> 00:38:38,896
Black and Decker and
their old rival Milwaukee.
735
00:38:41,027 --> 00:38:43,147
The next year, Alonzo Decker Jr.
736
00:38:43,238 --> 00:38:46,488
tries to pull Black and Decker
further ahead of Milwaukee
737
00:38:46,616 --> 00:38:48,486
with a bold new idea.
738
00:38:50,703 --> 00:38:53,413
‐ Well, here it is gentlemen,
739
00:38:53,540 --> 00:38:55,710
the world's first
cordless drill.
740
00:38:56,501 --> 00:38:58,841
As you can see, no wires.
741
00:38:58,962 --> 00:39:02,672
You can drill anywhere
inside, outside.
742
00:39:02,799 --> 00:39:04,879
Everyone is going to
want one of these.
743
00:39:08,388 --> 00:39:10,348
‐ For Alonzo Decker, Jr.
744
00:39:10,473 --> 00:39:14,353
to realize and invest in
a cutting edge technology
745
00:39:14,477 --> 00:39:17,477
at that time, which were
nickel cadmium batteries,
746
00:39:17,564 --> 00:39:18,654
it was a risk.
747
00:39:18,731 --> 00:39:20,691
He had to reconfigure
the entire tool.
748
00:39:20,817 --> 00:39:23,437
It's not just the battery
and the power source,
749
00:39:23,528 --> 00:39:26,448
it's having the motor
and the circuitry
750
00:39:26,531 --> 00:39:27,991
to actually be
able to draw power,
751
00:39:28,074 --> 00:39:30,494
enough power off of his
battery to make it effective
752
00:39:30,618 --> 00:39:31,738
for somebody to use.
753
00:39:31,870 --> 00:39:33,500
‐ If you were gonna be
doing a lot of projects
754
00:39:33,580 --> 00:39:35,670
around the house and you
were tethered to an outlet,
755
00:39:35,790 --> 00:39:37,630
you would constantly be
having to take it out
756
00:39:37,709 --> 00:39:39,459
and move it and bring
it somewhere else.
757
00:39:39,586 --> 00:39:40,796
In the professional setting,
758
00:39:40,879 --> 00:39:42,919
they were also
tremendous benefits.
759
00:39:43,006 --> 00:39:44,126
So it was groundbreaking.
760
00:39:45,091 --> 00:39:46,341
‐ [Narrator] Black
and Decker introduces
761
00:39:46,467 --> 00:39:48,507
the cordless drill in 1961,
762
00:39:49,178 --> 00:39:50,928
and it's just the beginning.
763
00:39:53,224 --> 00:39:56,734
‐ You use a cordless leaf blower
to clean off your sidewalk.
764
00:39:56,853 --> 00:39:59,983
They have a cordless weed
eater, a cordless chainsaw.
765
00:40:00,064 --> 00:40:03,534
All of these things came
from this development.
766
00:40:04,611 --> 00:40:07,201
(tense music)
767
00:40:09,616 --> 00:40:10,826
‐ [Narrator] But it's
the cordless drill
768
00:40:10,950 --> 00:40:14,330
that cements Al Jr.'s
standing as the new genius
769
00:40:14,454 --> 00:40:15,964
behind Black and Decker.
770
00:40:17,415 --> 00:40:19,745
In 1964, following the deaths
771
00:40:19,876 --> 00:40:21,706
of his father and Duncan Black,
772
00:40:21,836 --> 00:40:25,206
Alonzo Decker Jr. finally
completes his journey
773
00:40:25,340 --> 00:40:27,720
from janitor to CEO.
774
00:40:31,638 --> 00:40:34,428
(upbeat music)
775
00:40:34,515 --> 00:40:37,475
In the late 1960s, at the
height of the space race,
776
00:40:37,560 --> 00:40:39,230
NASA comes to Black and Decker
777
00:40:39,354 --> 00:40:40,984
with an even greater challenge,
778
00:40:41,105 --> 00:40:44,065
develop a drill that
can take core samples
779
00:40:44,192 --> 00:40:45,742
from the surface of the moon.
780
00:40:47,362 --> 00:40:49,322
(upbeat music)
781
00:40:49,447 --> 00:40:50,487
‐ Could you imagine
the astronauts
782
00:40:50,615 --> 00:40:52,325
pulling a power cord
around with them?
783
00:40:52,450 --> 00:40:54,950
Could you imagine
dragging an extension cord
784
00:40:55,036 --> 00:40:58,996
all the way from a power
station on earth up to the moon?
785
00:40:59,082 --> 00:41:01,672
(upbeat music)
786
00:41:03,628 --> 00:41:05,298
‐ [Narrator] It takes
years of testing,
787
00:41:05,421 --> 00:41:07,471
including simulating
lunar gravity
788
00:41:07,590 --> 00:41:09,880
by taking prototype
drills underwater
789
00:41:10,009 --> 00:41:12,849
and onboard a nosediving
transport plane,
790
00:41:12,971 --> 00:41:16,771
but incredibly, Black and
Decker eventually pulls it off.
791
00:41:18,559 --> 00:41:20,479
‐ [Astronaut] Hey that
beauty is going right in.
792
00:41:20,561 --> 00:41:22,861
‐ [Mission Control]
Outstanding.
793
00:41:23,690 --> 00:41:26,530
(dramatic music)
794
00:41:28,027 --> 00:41:30,357
‐ [Narrator] 50 years
later and back on earth,
795
00:41:30,488 --> 00:41:32,658
the best selling
power tool in America
796
00:41:32,782 --> 00:41:35,452
is still the one
that started it all,
797
00:41:35,535 --> 00:41:36,995
a Black and Decker drill.
798
00:41:37,996 --> 00:41:39,656
The company that Al
Decker Jr.'s father
799
00:41:39,789 --> 00:41:42,459
mortgaged his home to help start
800
00:41:42,542 --> 00:41:45,172
wins the power tools war.
801
00:41:45,294 --> 00:41:48,054
(dramatic music)
802
00:41:49,382 --> 00:41:51,762
But Milwaukee is
still going strong.
803
00:41:51,843 --> 00:41:57,063
From 2015 to 2020, annual
revenue more than doubled
804
00:41:57,515 --> 00:41:58,765
to $5 billion.
805
00:41:59,600 --> 00:42:00,940
‐ Since the beginning of time
806
00:42:01,019 --> 00:42:04,399
when we figured out that we
could dig a hole with a stick,
807
00:42:04,522 --> 00:42:06,612
we've always been creating tools
808
00:42:06,691 --> 00:42:09,491
and ways to make
our life easier.
809
00:42:09,610 --> 00:42:13,070
It's basically who we
are as human beings.
810
00:42:14,198 --> 00:42:15,908
And let's just be honest,
811
00:42:16,034 --> 00:42:19,914
it's fun to build
stuff on the weekends.
812
00:42:19,996 --> 00:42:23,826
It's fun to show your
neighbors, hey, I did that.
813
00:42:23,958 --> 00:42:26,038
That's me right
there, I did that.
814
00:42:27,170 --> 00:42:29,800
‐ Who knows what the
future of power tool is.
815
00:42:31,007 --> 00:42:33,257
It might be that the next
generation of power tools
816
00:42:33,342 --> 00:42:36,802
is going to do things that we
can't even imagine right now.
817
00:42:38,181 --> 00:42:40,811
(tense music)
818
00:42:40,861 --> 00:42:45,411
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