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18/03/1931 The first electric razor goes on sale for $25

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This Week in Tech History: First Electric Razor & Improvement to Radio | Into Tomorrow

Electric shavers, encased in sleek, black Bakelite went on sale in NYC. The person behind them was American Col. Jacob Schick, who set up his factory in Stamford, Connecticut. They sold about 3000 pieces in the first years alone, costing $25 each. Prices went down in following years, due to competition with on the market.