A Toast to Columbus as the Father of US Capitalism
by: Grayson Leverenz
Columbus Day is not a major holiday in the US. Recognized on the second Monday of October, Columbus Day is a national holiday, meaning government services and offices close for the day, but many Americans go to work as usual. Others take the day off as a “floating holiday.” Floating holidays are popular in US corporations where benefits often include six major holidays (i.e. New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas) and two extra “floating” days of the employees’ choice.
School children learn about Columbus as the brave explorer that discovered America. Italians celebrate his lineage with parades and events around the country. But what about MBAs?
Technically, Columbus botched his mission because he definitely did not find the western route to India that would make his benefactors even wealthier through the spice trade. He did, however, stumble on a land rich in natural resources and ripe for commerce. He opened trading between Europe and the modern day US, arguably making him the father of US capitalism. On Columbus Day, why not have a drink with your colleagues and toast Columbus for opening the door to your MBA in the USA.
For more on the history of Columbus Day, click here.