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Business Wars

Denim Wars | Cowboys & Indigos | 1

Business Wars

Wondery

History, Business, David Brown, Management

4.613.2K Ratings

🗓️ 2 November 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

It's the 1930s and Californian jeans maker Levi Strauss & Co. is struggling. The Great Depression is destroying jobs and killing demand for its denim workwear.

So when a craze for the Old West boosts demand for jeans, Levi's and its rival Lee seize the moment. But then an unfamiliar stranger swaggers into town looking to make their battle a three-way shootout.

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Transcript

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0:00.0

Hey, prime members, you can listen to business wars ad-free on Amazon music.

0:04.6

Download the app today.

0:07.0

It's summer, 1931, San Francisco.

0:19.7

On the fourth floor of the Levi Strousin Company factory, CEO Walter Haas stares at the

0:25.2

piles of folded blue jeans.

0:27.7

Tower after tower of Unso Levi's 501s, the denim pants that manual labor in the southwest

0:33.4

swear by.

0:35.5

Haas's brother-in-law and company Treasurer Daniel Kaushlin wanders over.

0:40.4

He stares at the nearest pile of jeans, or, as Levi's calls them, waste overalls.

0:45.0

You know how many waste overalls we got piled up here?

0:49.3

Haas doesn't reply.

0:51.1

He senses Kaushlin is eager to answer his own question.

0:55.0

I'll tell you how many?

0:56.5

Ten thousand pairs before the crash that would have lasted at six months.

1:02.2

Two years ago, the Great Depression killed the man for denim, and this pile has been growing

1:07.5

ever since.

1:11.1

In 1931, jeans are workwear.

1:14.4

Tough, durable pants were an exclusively by men who earned their pay through hard physical

1:19.5

toil, but now millions of those men are unemployed, and they're no longer buying jeans.

1:26.2

In two years, Levi's sales have tumbled from four to two million dollars.

1:31.3

It salesmen now return from field trips with empty order books and harrowing tales of

1:36.1

grinding poverty.

...

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