With the flick of a switch, President Herbert Hoover turned on the lights of Manhattan’s iconic Empire State Building on this day in 1931. Reaching 102 stories into the sky, the Art Deco-inspired structure was born out of a competition between Walter Chrysler of the Chrysler Corporation and John Raskob of General Motors to erect the world’s tallest building. After both projects were complete, the 1,250-feet high (1,454 if you include the lightning rod) Empire State Building had edged out the Chrysler Building (recently sold at the bargain price of $150 M) by more than 200 feet, establishing its four-decade reign as the world’s tallest skyscraper until the original World Trade Center beat the record in 1970.
“Go ahead and do things, the bigger the better, if your fundamentals are sound. Avoid procrastination. Do not quibble for an hour over things that might be decided in minutes.” —