Clifford Berryman, a popular political cartoonist of the time, portrayed this incident in a cartoon published in the Washington Post on November 16, 1902 as the President refusing to kill "a wide-eyed cub" instead of a huge adult bear (2) which led to century long love affair with the Teddy Bear. While many people profited by the adorable stuffed creature, Berryman never saw a dime (1).
Using the cartoon as a guide, Morris and Rose Michtom of Brooklyn, NY, created and named a stuffed replica of the bear "Teddy's Bear" (2). After being sold in their card and stationary shop, demand for the bear rose to such a high level that the Michtoms closed their card and stationary shop and opened the first Teddy Bear factory, Ideal Novelty & Toy Company, in the US. The teddy bear remains a staple of childhood to this day.
Ideal Novelty & Toy Company has changed hands several times over the years, but chances are you own or have owned a toy that originated from this company. Ideal is responsible for such toys and games as Mousetrap and Toss Across. While the company doesn't remain in existence today, Mattel currently continues to manufacture the Magic 8 ball and Rubik's cube which was originally part of Ideal's line (3).
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Bibliography
1. Bryant, M. (2007). If You Go Down to the Woods Today…. History Today, 57(3), 58-59.
2. Clay, M. (2003). TEDDY TURNS 100. American History, 37(6), 48.
2. Clay, M. (2003). TEDDY TURNS 100. American History, 37(6), 48.
3. Ideal Toy Company & Novelty. (2014). Wikipedia. Retrieved from http://en.wikipedia.org/wiki/Ideal_Toy_Company
4. Berryman, Clifford. (1902). Drawing the Line in Mississippi. Retrieved from http://www.collectorsquest.com/uploads/blog/2012/04/TR-and-bear-cartoon.jpeg