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McDonald's (1940)

McDonald's (1940) (Company)
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McDonald's (Company)

May 15, 1940
 
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The McDonald's Corporation is the world's largest chain of hamburger fast food restaurants. Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald. In 1948, they reorganized their business as a hamburger stand using production line principles. Businessman Ray Kroc joined the company as a franchise agent in 1955. He subsequently purchased the chain from the McDonald brothers and oversaw its worldwide growth.