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In 1934, much of the world was in the grip of the Great Depression. Unemployment was an epidemic, and many businesses struggled desperately to survive. One notable exception to these economic troubles, however, was the radio industry. Broadcasters in the US were making upwards of two billion dollars a year, and they owed much of their success to the innovations of a brilliant man named Edwin Armstrong. Twenty years earlier he had significantly improved the sensitivity and quality of radio receivers with his invention of the regenerative circuit in his junior year of college, and he went on to further improve them with his Super Regenerative circuit and Super Heterodyne receiver. These laid the foundation for the success of radio broadcasting— in fact, almost any radio you buy today will still incorporate these innovations. But in 1933, Armstrong brought about an even more revolutionary change in the broadcasting business: FM radio.