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These are the user uploaded subtitles that are being translated: 1 00:00:02,336 --> 00:00:03,496 (dramatic music) 2 00:00:03,587 --> 00:00:07,217 ‐ [Narrator] They cut, drill, and literally build America. 3 00:00:08,884 --> 00:00:10,394 ‐ The coolest thing about power tools 4 00:00:10,469 --> 00:00:14,519 is that they democratized creation. 5 00:00:14,640 --> 00:00:17,180 Anybody can build anything. 6 00:00:17,267 --> 00:00:18,727 ‐ [Narrator] It's an industry that generates 7 00:00:18,852 --> 00:00:21,652 over $50 billion 8 00:00:21,688 --> 00:00:22,858 every 9 00:00:22,940 --> 00:00:24,360 single 10 00:00:24,441 --> 00:00:24,821 year. 11 00:00:24,900 --> 00:00:27,650 (dramatic music) 12 00:00:28,779 --> 00:00:29,989 ‐ Since the beginning of time 13 00:00:30,072 --> 00:00:32,702 when we figured out we could dig a hole with a stick, 14 00:00:32,824 --> 00:00:37,164 we've always been in creating tools to make our life easier. 15 00:00:37,246 --> 00:00:39,536 ‐ [Narrator] But more than a century ago, 16 00:00:39,665 --> 00:00:40,785 it was all done by hand 17 00:00:42,167 --> 00:00:44,377 until tools were electrified. 18 00:00:45,754 --> 00:00:47,924 ‐ This was going to truly change 19 00:00:48,006 --> 00:00:50,626 how the tool industry worked forever. 20 00:00:50,759 --> 00:00:53,429 ‐ [Narrator] The future is built by a few visionaries. 21 00:00:53,512 --> 00:00:54,972 ‐ Holy moly. 22 00:00:55,097 --> 00:00:56,267 ‐ [Narrator] Some power tool makers 23 00:00:56,348 --> 00:00:58,178 will become household names. 24 00:00:58,308 --> 00:01:00,558 ‐ Duncan Black, meet Alonzo Decker. 25 00:01:00,686 --> 00:01:04,726 ‐ [Narrator] Others forgotten by history. 26 00:01:04,856 --> 00:01:06,146 ‐ It's all yours, Al. 27 00:01:06,942 --> 00:01:08,532 ‐ [Man] Here it is, Mr. Ford. 28 00:01:08,652 --> 00:01:09,952 ‐ [Narrator] As a group of visionaries 29 00:01:10,028 --> 00:01:11,238 battle it out to revolutionize 30 00:01:11,363 --> 00:01:14,373 the way we construct and create. 31 00:01:14,491 --> 00:01:16,871 ‐ You can essentially mold the world in a way 32 00:01:16,994 --> 00:01:19,664 that humans had only dreamed of before. 33 00:01:19,746 --> 00:01:22,826 ‐ [Narrator] This is power tool showdown. 34 00:01:24,459 --> 00:01:27,169 (dramatic music) 35 00:01:48,984 --> 00:01:50,154 (tense music) 36 00:01:50,193 --> 00:01:52,033 ‐ [Narrator] At the turn of the 20th century, 37 00:01:52,154 --> 00:01:56,074 American industrialization is entering a new phase. 38 00:01:56,199 --> 00:01:58,659 Factories that were once powered by coal 39 00:01:58,744 --> 00:02:03,254 and lit by candles or kerosene are now becoming electrified. 40 00:02:04,374 --> 00:02:07,754 ‐ Electricity facilitates greater productivity 41 00:02:07,836 --> 00:02:09,296 for business owners. 42 00:02:09,379 --> 00:02:12,219 It allows for shops to stay open later, 43 00:02:12,341 --> 00:02:14,551 for workers to work longer into the evening. 44 00:02:14,676 --> 00:02:17,596 ‐ [Narrator] But one part of industry still lags behind, 45 00:02:17,679 --> 00:02:20,559 the hardware market hasn't changed much 46 00:02:20,641 --> 00:02:23,771 since two brothers founded the Stanley Toolworks 47 00:02:23,852 --> 00:02:25,692 in the 1840s. 48 00:02:25,812 --> 00:02:29,522 ‐ If somebody could come up with a way of taking the idea 49 00:02:29,608 --> 00:02:31,438 behind the industrial revolution, 50 00:02:31,526 --> 00:02:35,856 that is applying artificial power to a job, 51 00:02:35,947 --> 00:02:38,327 and if you could take the power to the job site, 52 00:02:38,408 --> 00:02:41,158 if you could make power portable, 53 00:02:41,244 --> 00:02:43,964 then all sorts of things would become possible 54 00:02:44,039 --> 00:02:45,709 that hadn't been possible before. 55 00:02:46,708 --> 00:02:49,088 ‐ [Narrator] America is ripe for a revolution 56 00:02:49,169 --> 00:02:50,499 in the tool industry, 57 00:02:50,629 --> 00:02:54,879 and two strangers are about to join forces to lead it. 58 00:02:56,760 --> 00:02:59,260 (tense music) 59 00:03:05,352 --> 00:03:09,312 ‐ Duncan Black, meet Alonzo Decker. 60 00:03:10,023 --> 00:03:11,323 ‐ Hi, Duncan. 61 00:03:11,400 --> 00:03:12,650 ‐ Hi, how are you? 62 00:03:12,776 --> 00:03:16,106 ‐ Black, show Decker how the octaplex system works. 63 00:03:16,196 --> 00:03:18,946 ‐ Yes sir, of course. 64 00:03:20,701 --> 00:03:23,291 Hey so, yeah. 65 00:03:23,370 --> 00:03:26,830 ‐ [Narrator] In 1906, Duncan Black and Alonzo Decker 66 00:03:26,873 --> 00:03:30,843 meet working at the Roland Telegraph company. 67 00:03:30,961 --> 00:03:32,091 They are from Baltimore, 68 00:03:32,170 --> 00:03:34,420 but they had very different upbringings. 69 00:03:35,841 --> 00:03:38,051 ‐ Alonzo Decker had a really tough childhood. 70 00:03:38,135 --> 00:03:40,595 He dropped out by the time he was 14 71 00:03:40,679 --> 00:03:42,639 to get a job and then take care of the family. 72 00:03:42,723 --> 00:03:45,433 He was always very creative and a tinkerer, 73 00:03:45,517 --> 00:03:47,807 but he also was at some point a teenager 74 00:03:47,894 --> 00:03:50,064 and didn't wanna have to get up early to feed the horses. 75 00:03:50,147 --> 00:03:53,357 And so he rigged the horse feeder onto an alarm clock. 76 00:03:53,442 --> 00:03:55,152 And every time the alarm would ring, 77 00:03:55,277 --> 00:03:57,607 it would open up the feeder and feed the horses. 78 00:03:57,696 --> 00:04:01,406 ‐ Duncan Black came from a much more comfortable home. 79 00:04:01,533 --> 00:04:03,623 He didn't have to work, 80 00:04:03,702 --> 00:04:06,502 so his upbringing was a whole lot easier. 81 00:04:08,373 --> 00:04:10,833 (dramatic music) 82 00:04:10,917 --> 00:04:13,247 ‐ [Narrator] One day, these very different men 83 00:04:13,336 --> 00:04:15,836 will completely upend the tool business, 84 00:04:17,132 --> 00:04:19,892 create the DIY industry from scratch, 85 00:04:20,844 --> 00:04:24,854 and forge a company now worth over $30 billion. 86 00:04:26,099 --> 00:04:28,849 (dramatic music) 87 00:04:31,062 --> 00:04:35,232 But in 1910, they are both still at their telegraph company. 88 00:04:36,193 --> 00:04:37,743 And after four years, 89 00:04:37,861 --> 00:04:40,781 the ambitious Decker is getting restless. 90 00:04:44,534 --> 00:04:45,914 ‐ Duncan, you're still here. 91 00:04:45,994 --> 00:04:46,914 ‐ Alonzo? 92 00:04:47,537 --> 00:04:48,907 You okay, what's the matter? 93 00:04:48,997 --> 00:04:50,537 ‐ Oh no, I'm fine, I'm fine. 94 00:04:50,624 --> 00:04:53,004 I just wanted to catch you before you left. 95 00:04:55,170 --> 00:04:56,760 ‐ What is it? 96 00:04:56,838 --> 00:04:57,918 What's the matter? 97 00:04:58,006 --> 00:05:00,176 ‐ I'm leaving Roland. 98 00:05:00,300 --> 00:05:01,640 ‐ What do you mean you're leaving Roland? 99 00:05:01,760 --> 00:05:03,850 ‐ And I want you to come with me. 100 00:05:03,970 --> 00:05:05,310 ‐ You mean to go where? 101 00:05:05,388 --> 00:05:09,178 ‐ You and I start our own business. 102 00:05:09,309 --> 00:05:10,689 We do our own designs. 103 00:05:12,145 --> 00:05:13,805 ‐ Decker was a natural born risk taker 104 00:05:13,939 --> 00:05:15,859 and Black was a little bit more conservative. 105 00:05:15,941 --> 00:05:18,901 But with that, he had a great business mind 106 00:05:19,027 --> 00:05:21,277 where Decker was always inventing 107 00:05:21,363 --> 00:05:23,163 and tinkering and creating things. 108 00:05:23,198 --> 00:05:27,658 Those brains put together made for a brilliant partnership. 109 00:05:27,786 --> 00:05:29,326 ‐ [Narrator] Decker loves to tinker 110 00:05:29,454 --> 00:05:31,584 and wants to go into manufacturing. 111 00:05:31,706 --> 00:05:34,286 He's designed electric machines in the past 112 00:05:34,376 --> 00:05:37,206 and thinks he can make a business out of it, 113 00:05:37,337 --> 00:05:39,297 but they have one concern. 114 00:05:39,381 --> 00:05:41,631 Neither of them has any money. 115 00:05:41,675 --> 00:05:44,045 And Black has a family to support. 116 00:05:47,138 --> 00:05:49,928 (dramatic music) 117 00:05:53,186 --> 00:05:54,766 900 miles away, 118 00:05:54,855 --> 00:05:58,525 a future competitor, 21 year old Arno Peterson, 119 00:05:58,650 --> 00:06:01,900 is on the mound blowing away batters. 120 00:06:02,028 --> 00:06:05,318 ‐ [Coach] Come on Arno, let's see that fastball. 121 00:06:05,407 --> 00:06:07,237 ‐ He was a baseball player, 122 00:06:07,367 --> 00:06:09,617 but professional baseball at the time, 123 00:06:09,703 --> 00:06:11,333 wasn't considered a full time job. 124 00:06:11,413 --> 00:06:13,373 It was really just a side hustle. 125 00:06:13,456 --> 00:06:16,706 Arno's main job was as a handyman. 126 00:06:17,460 --> 00:06:20,420 (dramatic music) 127 00:06:21,506 --> 00:06:23,256 ‐ Whoever designed his damn thing 128 00:06:23,341 --> 00:06:25,591 never had to use it eight hours a day. 129 00:06:27,512 --> 00:06:28,972 (tense music) 130 00:06:29,014 --> 00:06:30,394 ‐ [Narrator] One day Peterson's company 131 00:06:30,515 --> 00:06:32,385 will create a drill and other devices 132 00:06:32,475 --> 00:06:34,635 that will transform construction, 133 00:06:35,604 --> 00:06:39,694 launch and empire making $5 billion a year, 134 00:06:39,774 --> 00:06:42,904 and be among the biggest power tool manufacturers 135 00:06:43,028 --> 00:06:44,028 in the world. 136 00:06:47,699 --> 00:06:50,659 But right now, he's frustrated. 137 00:06:52,787 --> 00:06:55,247 ‐ Using these tools, he saw the flaws in them 138 00:06:55,373 --> 00:06:57,173 and where they could be improved. 139 00:06:57,250 --> 00:06:58,670 He was constantly realizing that 140 00:06:58,793 --> 00:07:00,303 if he could make a better tool, 141 00:07:00,337 --> 00:07:02,547 it would make his job a whole lot easier. 142 00:07:02,672 --> 00:07:06,182 ‐ He is the epitome of an entrepreneur in America. 143 00:07:06,301 --> 00:07:09,971 He's young, he's creative, he's got drive. 144 00:07:10,055 --> 00:07:12,305 He sees an opportunity, he sees a need, 145 00:07:12,349 --> 00:07:14,769 and he goes after to try to make it better. 146 00:07:16,019 --> 00:07:19,149 ‐ Just pull it up a little on the right. 147 00:07:19,230 --> 00:07:20,480 Yeah, that's it. 148 00:07:20,523 --> 00:07:23,823 ‐ [Narrator] By 1914, Peterson's baseball days are over 149 00:07:23,902 --> 00:07:26,952 and he turns his attention to a new passion. 150 00:07:27,030 --> 00:07:27,950 ‐ How's that? 151 00:07:29,157 --> 00:07:29,947 ‐ It's perfect. 152 00:07:31,117 --> 00:07:32,737 ‐ [Narrator] Designing tools that will make the job 153 00:07:32,869 --> 00:07:35,539 of handyman, like he was, easier. 154 00:07:36,957 --> 00:07:39,497 (tense music) 155 00:07:46,341 --> 00:07:47,721 By this time, 156 00:07:47,842 --> 00:07:50,302 Decker had already convinced Black to leave the safety 157 00:07:50,387 --> 00:07:52,637 of his telegraph job and risk it all 158 00:07:52,764 --> 00:07:54,724 to open a machine shop together. 159 00:07:55,850 --> 00:07:57,850 ‐ This is what really blows my mind about this. 160 00:07:57,978 --> 00:07:59,308 Black sells his car 161 00:07:59,396 --> 00:08:03,016 to Alonzo Decker's father‐in‐law for $600, 162 00:08:03,149 --> 00:08:07,569 Alonzo Decker than mortgages his house for $600 as well. 163 00:08:07,696 --> 00:08:09,696 So the stakes were insanely high. 164 00:08:09,823 --> 00:08:13,413 ‐ It takes a lot of guts, it takes a lot of confidence, 165 00:08:13,535 --> 00:08:16,705 maybe a little dose of lunacy as well, 166 00:08:16,830 --> 00:08:20,040 but I guess the spoils go to those that risk at all. 167 00:08:20,166 --> 00:08:22,666 (tense music) 168 00:08:28,717 --> 00:08:30,257 ‐ I followed the plans to the letter, 169 00:08:30,343 --> 00:08:31,723 so why won't it turn on? 170 00:08:33,596 --> 00:08:34,886 Oh, wait a minute. 171 00:08:40,186 --> 00:08:41,016 Yeah, got it. 172 00:08:43,189 --> 00:08:43,859 Okay. 173 00:08:43,982 --> 00:08:45,482 So go ahead and add the sugar. 174 00:08:45,608 --> 00:08:46,648 ‐ Okay. 175 00:08:47,610 --> 00:08:48,490 ‐ [Narrator] To get their operation 176 00:08:48,570 --> 00:08:49,650 up and running quickly, 177 00:08:49,738 --> 00:08:52,028 they initially focus on manufacturing 178 00:08:52,115 --> 00:08:53,275 existing designs, 179 00:08:53,366 --> 00:08:58,576 a candy dipping machine and one that adds pockets to vests. 180 00:08:59,080 --> 00:09:00,870 ‐ How often have I been standing in my vest 181 00:09:00,999 --> 00:09:03,169 wishing that I had a machine to put a pocket in it. 182 00:09:04,377 --> 00:09:08,797 ‐ [Narrator] By 1916, business is slow and profits are slim. 183 00:09:08,882 --> 00:09:10,932 If Black and Decker are going to survive, 184 00:09:11,009 --> 00:09:13,799 they'll have to develop a machine for a bigger market. 185 00:09:13,887 --> 00:09:17,057 And they see a need with hand tools. 186 00:09:17,182 --> 00:09:18,892 ‐ Most of the tools that are used in industry 187 00:09:19,017 --> 00:09:24,307 are still very much dependent on manpower, elbow grease. 188 00:09:25,231 --> 00:09:27,151 ‐ Guys worked day and night to build a house. 189 00:09:27,275 --> 00:09:29,025 With electric drill these days, 190 00:09:29,152 --> 00:09:30,702 you can drill a hundred holes by the time 191 00:09:30,820 --> 00:09:32,240 somebody would drill one. 192 00:09:32,363 --> 00:09:33,993 ‐ [Narrator] Black and Decker think they can improve 193 00:09:34,074 --> 00:09:38,664 the power drill, which was invented in Germany in 1895. 194 00:09:38,703 --> 00:09:41,333 But at 17 pounds, it's hard to use, 195 00:09:41,456 --> 00:09:44,786 and not much more powerful than a hand cranked model. 196 00:09:45,668 --> 00:09:47,128 ‐ You had to grab two handles, 197 00:09:47,212 --> 00:09:50,802 press your chest against the chest plate to operate it. 198 00:09:50,924 --> 00:09:52,474 And then the on and off switch was separate, 199 00:09:52,550 --> 00:09:53,470 and you had to do that so you had 200 00:09:53,510 --> 00:09:54,800 to take your hand off the tool. 201 00:09:54,886 --> 00:09:58,466 ‐ Which is really dangerous because if it gets bound 202 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, 204 00:10:04,145 --> 00:10:07,065 that's where injuries can happen very easily. 205 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. 207 00:10:16,825 --> 00:10:19,235 ‐ The hard part was figuring out how to have the worker 208 00:10:19,369 --> 00:10:23,999 hold that tool and turn it on and off without dropping it 209 00:10:24,082 --> 00:10:25,962 or having to take a hand off it. 210 00:10:27,293 --> 00:10:29,803 ‐ [Narrator] In the meantime to make ends meet, 211 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. 222 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 Repair and Synchronization by Easy Subtitles Synchronizer 1.0.0.0 62581

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