Commerce

The wealthiest Nashvillian of his time, George M. Deaderick was a wholesale merchant, real estate dealer, and pioneer banker. Born of German stock (the family name was originally Dietrich) in Winchester, Virginia, George and his younger brother Thomas already enjoyed…

John B. Dennis, financier and creator of modern Kingsport, was born in Gardiner, Maine, the eldest son of David and Julia Bartlett Dennis. His father was a prominent businessman and president of the Merchants National Bank of Gardiner, and Dennis…

Dollar General, whose corporate office is located in Goodlettsville, Tennessee, has helped shaped twentieth-century retail patterns in Tennessee and the South since its establishment in 1939. Dollar General began as a liquidating company called J. L. Turner and Son Wholesale…

The drive-in movie theater was the creation of Richard M. Hollingshead Jr., whose family owned and operated the R. M. Hollingshead Corporation chemical plant in Camden, New Jersey. Hollingshead began experimenting with the idea in his backyard by hanging a…

These Memphis-based firms were among the world leaders in cotton merchandising at the end of the twentieth century. Cotton marketing has been an important commercial activity in Memphis since the 1840s, thanks to the city's location on the Mississippi River…

Memphis cotton broker William Buchanan “Billy” Dunavant Jr. shaped the Bluff City’s commerce and the world cotton futures market during the late twentieth century. Dunavant was born on December 19, 1932, to William and Dorothy Dunavant. He was educated first…

The largest express transportation company in the world is FedEx, headquartered in Memphis. Frederick W. Smith, a Memphis businessman and U.S. Marine Corps veteran, began a company named Federal Express in April 1973 with fourteen small aircraft flying from the…

First Tennessee Bank was founded in 1864 as the First National Bank of Memphis. Today, First Tennessee is part of First Horizon National Corporation, which sits at number 575 on the Fortune 1000 and is the nation’s twenty-fourth largest commercial…

Headquartered in Memphis, First Tennessee National Corporation was founded as the First National Bank of Memphis on March 10, 1864. During the Federal occupation of Memphis in the Civil War, Franklin S. Davis and his associates recognized the city's need…

Situated on the public square in Clarksville in the Arlington Hotel, the First Woman's Bank began operations on October 6, 1919. As a financial institution created, directed, and staffed entirely by women, its opening produced something of a sensation, and…

Isaac Franklin, slave trader and planter, was born in Sumner County, the son of a Revolutionary War soldier who had received a military land warrant in Tennessee. Franklin served in the War of 1812, and at age eighteen, while working…

The 1927 merger of two black-owned and -operated Memphis banks which had been instrumental in launching and supporting African American businesses in the 1910s and 1920s created the Fraternal and Solvent Savings Bank and Trust Company. The bank's eventual failure,…

Julius Freed was an important post-Civil War German Jewish merchant in Trenton, Gibson County. A native of Prussia, Freed immigrated in 1854 to Columbus, Georgia, where he worked as a peddler. Three years later he moved to Memphis and established…

A financial institution chartered by Congress in 1865 for the newly freed black population of former slave states, the Freedmen's Savings Bank was a key component of the African American struggle for equality and independence during Reconstruction. A total of…

A vision of grandeur for the developing river metropolis at Memphis, the Gayoso House was built by Robertson Topp, a wealthy young planter. Topp was involved in the development of South Memphis, an area of houses, commercial buildings, and a…

Located in Coffee County near Tullahoma, the George Dickel Distillery holds the distinction of being one of only two legal Tennessee distilleries that remain in operation, the other being the Jack Daniel Distillery in Moore County. In the late 1860s,…

The Golden Circle Life Insurance Company was first established in 1950 as a fraternal organization through the efforts of Charles Allen Rawls, a Haywood County mortician who believed that the African American community should unite and create a cash benefit…

Jacob Goldsmith and his older brother, Isaac, were significant Memphis merchants in post-Reconstruction Memphis. Jacob Goldsmith established one of the state’s best-known department stores, Goldsmith’s, which operated in downtown Memphis until 1990. Goldsmith’s was a family-controlled business until 1959, when…

Goldsmith's is a well-known Memphis department store which traces its origins to the antebellum period and German immigrant Louis Ottenheimer. After moving to Memphis from Arkansas, where he had operated a provisions store, Ottenheimer opened a store on Main Street…

Edwin Wiley Grove became one of the South’s leading entrepreneurs by using ingenuity and vision typical of New South business tycoons. Grove was born in Whiteville, Hardeman County, in 1850. At the age of twenty-four, he moved from southwest Tennessee…