Why the price of Coke didn't change for 70 years (classic)

2025-01-19 07:09:34 source: category:Finance

This episode originally ran in 2012.

Prices go up. Occasionally, prices go down. But for 70 years, the price of a bottle of Coca-Cola didn't change. From 1886 until the late 1950s, a bottle of coke cost just a nickel.

On today's show, we find out why. The answer includes a half a million vending machines, a 7.5 cent coin, and a company president who just wanted to get a couple of lawyers out of his office.

This episode was hosted by David Kestenbaum. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Music: "I'd Like To Buy The World A Coke" by New Seekers and "Always Coca-Cola" by Joey Diggs

More:Finance

Recommend

A list of mass killings in the United States this year

The latest mass killing in the U.S. happened Sunday in Wichita, Kansas, after police found the bodie

Rescue begins of ailing US researcher stuck 3,000 feet inside a Turkish cave, Turkish officials say

Rescue has begun of ailing US researcher stuck 3,000 feet inside a Turkish cave, Turkish disaster ma

Vicky Krieps on the feminist Western ‘The Dead Don’t Hurt’ and how she leaves behind past roles

TORONTO (AP) — Vicky Krieps noticed that while there’s plenty of instruction for getting into a role