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Lionel trains, produced from 1900 to 1969, drew admiration from model railroaders around the world for the solidity of their construction and the authenticity of their detail.

During its peak years in the 1950s, the company sold million worth of trains per year.

Lionel's fierce ad campaigns took their toll on Ives, which filed bankruptcy in 1928.

Lionel and American Flyer bought Ives and operated it jointly until 1930, when Lionel bought Flyer's share, causing Lionel to operate Ives as a subsidiary until 1932.

Lionel Corporation was an American toy manufacturer and retailer that was in business from 1900-1995.

Founded as an electrical novelties company, Lionel specialized in various products throughout its existence, but toy trains and model railroads were its main claim to fame.

It also introduced the so-called paper train, a detailed set of cut-and-fold models of Lionel trains printed on cardstock that was notoriously difficult to put together.

During the pre-war era Lionel had competition with Ives Manufacturing Company, Boucher Manufacturing Company, Dorfan, Louis Marx and Company and American Flyer.

Lionel avoided bankruptcy and emerged from receivership the next year.

By 1939, Lionel had discontinued its standard gauge products, concentrating instead on the more-affordable O gauge and OO gauge, which it had introduced in 1938.

Lionel manufactured 250,000 units but was still unable to keep up with demand.

At a wholesale price of 55 cents, the handcar's sales would not have provided enough profit to pay off Lionel's debts of 0,000; however, it provided much-needed cash.

By 1922, Lionel was competing mainly against American Flyer and Ives.

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