Dark Legacy of Phoebus Cartel
Explore how a handful of mighty companies formed 'Phoebus cartel & exploited the Lightening Industry.
Timeline of Events
- 1924: The Phoebus Cartel is formed by major light bulb manufacturers, including General Electric, Philips, and Osram.
- 1930: The cartel members agree to limit the lifespan of light bulbs to 1,000 hours.
- 1950: The US Department of Justice launches an investigation into the activities of the Phoebus Cartel.
- 1953: The investigation uncovers evidence of price-fixing and other anti-competitive practices by the cartel members.
- 1955: The Phoebus Cartel officially disbands, but its legacy lives on through the standardization of light bulb specifications that it had established.
- 1962: The first LED is invented by Nick Holonyak Jr. at General Electric.
- 1970s: LEDs are used in niche applications such as electronic displays and indicator lights.
- 1990s: The development of blue LED technology allows for the creation of white light, opening up new applications for general lighting.
- 2000s: LEDs become more widely used in residential and commercial lighting applications.
- 2010s: The use of LEDs becomes dominant in the lighting industry, and the technology is used in smart lighting systems.