![]() Cowen dropped out of Columbia University and began work as an assembler at an electric lamp factory. Joshua Lionel Cowen, born in New York City on August 25, 1877, did not set out to create the electric model train or to found one of the most successful 20th century toy manufacturers in the United States. With 350 products and seemingly stable sales growth, Lionel enjoyed a resurgence of model train enthusiasm in the mid-1990s. ![]() Although the company suffered serious problems from the late 1950s through the 1960s, including bankruptcy proceedings, it recovered and regained much of the ground it lost by the 1990s. With almost a century of experience by the mid-1990s, Lionel held an established and respected name in the toy industry. is the world's leading manufacturer and marketer of model and toy trains. Whether placed in large public displays, in living rooms, in basements, or around the family Christmas tree, a Lionel train truly has something special to offer everyone. From the time Joshua Lionel Cowen placed the first electrically-powered car on a circle of track, individuals, fathers and sons, and entire families have joined together to experience the "magic" of Lionel model railroading. Lionel model railroading is not just a hobby, it's an American institution which dates back nearly 100 years. But what may even be more important than the products offered, is the American family tradition that Lionel represents. ![]() SICs: 3944 Games, Toys & Children's Vehicles Incorporated: 1900 as Lionel Manufacturing Company Wholly Owned Subsidiary of Wellspring Associates L.L.C. ![]()
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