As is its wont, the U.S. Congress determined it would levy a new 10% tax on the production of an exceptionally popular new tech device. And, unsurprisingly, the companies producing said new tech devices were unhappy with the prospect of the government laying a hefty levy on an already expensive product, potentially stifling sales as a result.
So, on Saturday night, April 19, 1924, six Chicago radio manufacturers got together at dinner and decided to form the Radio Manufacturers’ Association – RMA. Within three weeks, RMA lobbying killed the fed’s radio tax, and one of the country’s largest and most effective trade organizations – now known as the Consumer Technology Association (CTA) – was born.
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