Bette Nesmith Graham is born.
While her son would grow up with fame in his own right (the well known Michael Nesmith of “The Monkees) Bette’s fame came when she became the inventor of Liquid Paper correction fluid which became an office staple.
As an Executive Secretary, Graham enjoyed the ease of the new electric typewriters, but like many others, felt frustrated by the inability to easily erase and correct typing mistakes. Graham observed painters applying a thin layer of paint to cover some painting mistakes and used that idea to create Liquid Paper. A blessing in disguise came when her boss at the bank fired her when her business began taking a lot of her attention.
In 1979, she sold her company for almost $50M.