Geek Trivia

In the 1920s, Americans Saved The Economy of Ecuador By Consuming Millions Of?

Marshmallows
Cups of Coffee
Eskimo Pies
Cigars
Before Trees Towered Over The Earth, What Did?

Answer: Eskimo Pies

In the 1920s, two things that appear entirely unrelated on the surface intersected in a rather curious way. The economy of Ecuador was seriously depressed and in need of a massive infusion of capital. At the same time in America, the Eskimo Pie was invented; an ice cream treat covered in chocolate.

The Eskimo Pie and derivative treats proved to be incredibly popular with Americans, and by 1922 they were consuming a million Eskimo Pies a day. The surge in demand for chocolate driven by the Eskimo Pie craze pushed up global cocoa prices around 50% and Ecuador, the world’s largest cocoa exporter at the time, received a huge influx of money that lifted the entire country out of a depression.

Image courtesy of the Eskimo Pie Corporation.