John Deere

A bankrupt blacksmith made a plow from a broken sawmill blade. Today, his company is worth $100 billion. In 1837, John Deere was a 33-year-old blacksmith in Rutland, Vermont, and his life was falling apart. His business was struggling. He had debts he couldn't pay. Vermont's economy was stagnant, and opportunities for a small-town blacksmith were dwindling. He had a wife, five children, and no clear path forward. So John Deere made a bold decision: He would start over. He left Vermont—and his creditors—behind and headed west to the American frontier, to a tiny settlement called Grand Detour, Illinois, where land was cheap, settlers were flooding in, and a skilled blacksmith might actually make a living. What John Deere found in Illinois changed everything. Not just for him—for American agriculture itself. The problem was the soil. The rich, heavy, sticky prairie soil of the Midwest was unlike anything back East. When farmers tried to plow it with traditional cast iron plows (the standard tool of the time), the soil would stick to the plow blade like glue. Farmers had to stop every few feet to scrape the mud off. The cast iron would break under the strain. Plowing was slow, backbreaking, and often impossible. The Midwest had the most fertile soil in America, but farmers couldn't effectively use it. John Deere, watching these struggling farmers, saw an opportunity. He remembered something: polished steel doesn't stick. He'd seen it in sawmills back in Vermont—how polished steel blades sliced through wood cleanly, without accumulation. What if he made a plow out of steel instead of cast iron? In 1837, Deere found a broken steel sawmill blade, heated it in his forge, and hammered it into the shape of a plow. The blade was smooth, hard, and polished. He attached it to a wooden frame and gave it to a local farmer to test. The plow cut through the prairie soil like butter. The sticky, heavy earth that had defeated cast iron plows simply slid off the polished steel. The plow was self-cleaning—farmers could plow continuously without stopping to scrape. It didn't break. It was faster, more efficient, and transformed what had been grueling, impossible work into something actually achievable. Word spread like wildfire. Farmers came from miles around to buy John Deere's steel plows. He couldn't make them fast enough. By 1838, he'd sold three plows. By 1842, he was making about 100 plows a year. By 1857, he was producing over 10,000 plows annually. But Deere didn't just make plows—he obsessed over quality. He personally inspected every plow. He constantly refined the design. He experimented with different steel types and shapes. His motto became: "I will never put my name on a product that does not have in it the best that is in me. "And he quite literally put his name on every plow. Each one was stamped "JOHN DEERE" so farmers would know they were getting genuine quality. The steel plow transformed American agriculture. It made the Great Plains farmable. It enabled the massive westward expansion of farming. It helped turn America into an agricultural powerhouse. Historians often cite it as one of the most important inventions of the 19th century—as transformative as the cotton gin or the reaper. In 1848, Deere moved his operation to Moline, Illinois (where the company is still headquartered today), positioning himself on the Mississippi River for better transportation and access to materials. The business continued to grow. In 1868, the company was officially incorporated as Deere & Company. John Deere remained involved in the business until his death in 1886 at age 82. By then, his company was an American institution, producing tens of thousands of plows and other agricultural implements annually. From bankrupt Vermont blacksmith to industrial titan—in one lifetime. Today, Deere & Company is worth approximately $100 billion. It's one of the most recognizable brands in the world, producing everything from tractors to combine harvesters to construction equipment. The company employs over 83,000 people globally and generates over $50 billion in annual revenue. And on every single piece of equipment, you'll see that leaping deer logo and the name: JOHN DEERE. The company's famous slogan—"Nothing Runs Like a Deere"—isn't just clever wordplay. It's a tribute to the man who, facing financial ruin and an uncertain future, took a gamble on the American frontier and literally changed the landscape. Here's what makes John Deere's story so powerful: He didn't invent farming. He didn't invent plows. He didn't even invent the idea of using steel (others had experimented with it). What he did was see a specific problem, apply practical engineering, obsess over quality, and build a reputation one plow at a time. He wasn't a fancy inventor in a laboratory. He was a working blacksmith who understood what farmers needed because he watched them struggle and thought: "There has to be a better way. "And when he found that better way—a simple innovation, really, using a broken sawmill blade to make a plow—he didn't rest on it. He perfected it. He refined the design. He ensured quality. He built a brand based on trust. That's not just invention. That's entrepreneurship. From the ashes of failure in Vermont, John Deere built an empire. The man who couldn't pay his debts in 1837 founded a company that, nearly 200 years later, is worth $100 billion and has helped feed the world. The steel plow didn't just transform American agriculture—it proved that innovation, quality, and persistence can turn a bankrupt blacksmith into a legend. So the next time you see that green and yellow equipment with the leaping deer, remember: that's not just a tractor company. That's the legacy of a man who took a broken sawmill blade and changed the world. Nothing runs like a Deere—because John Deere built something that's been running strong for nearly 200 years.