Jacob Schick introduced the first successful electric shaver to go on the market
from his factory in Stamford, Connecticut. They first sold in New Your City for $25
each (equivalent to $350 today). Schick sold about 3,000 shavers the first year,
and sales increased until 1.5 million were in customers hands by 1937.

Despite some early claims, they didn’t shave closer than a wet steel blade, but
they were convenient to use.

 
Inventor Jacob Schick