American Business in History - The Colt Firearms Company - Innovation and Quality

The Colt .45 caliber handgun, the Peacemaker, isemergency. And the center fire 45 caliber
the oldest model handgun still in production in theammunition eliminated many of the slow and
world. Buy one today, and you'll have the sameoften dangerous activities that went along with
pistol used by marshals, cowboys, and bad guysthe muzzle loading pistols of the time. Just as an
of the 1800's. It was designed in 1872, put intoexample, Mark Twain wrote of a six cylinder
production in 1873, and sold for $17 throughoutpredecessor of the Peacemaker, the Allen
the United States. Cowboys liked it because itPepperbox, which used cap and ball ammunition
could stop a 2,000 pound raging longhorn dead inand fired right out of the top cylinder - it had no
his tracks. Marshals and outlaws liked it because itbarrel. "Sometimes", he wrote of the gun's
would fire six shots in a row without reloading,tendency to crossfire into the other five cylinders,
and do it accurately. It's one of the most popular"the whole broadside would go off at once. And
handguns ever invented, and Colt Firearms soldthen there was no safe place in the country
370,000 of them between 1873 and 1941. It isaround except behind it."
often called "the gun that won the west".The Colt company remains in business today, still
What brought it into such demand? Innovativeproducing its original .45, but continuing to innovate
design was part of it. The rolling cylinder workingwith modern weapons in common use by civilians,
in tandem with the hammer, all on one trigger pull,law officers, and the military.
made the pistol instantly ready for use in any