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**History**

* Founded in 1940 by Richard and Maurice McDonald as a drive-in restaurant in San Bernardino, California.
* Ray Kroc acquired the franchise rights in 1954 and opened the first McDonald's franchise in Des Plaines, Illinois.
* Rapidly expanded throughout the United States and around the world.

**Key Features**

* **Menu:** Famous for its iconic burgers, fries, and soft drinks, but also offers a variety of salads, wraps, and breakfast items.
* **Speed:** Emphasizes fast and efficient service through streamlined operations.
* **Consistency:** Maintains uniform standards for food quality, portion sizes, and customer experience across its locations.
* **Convenience:** Numerous locations with convenient drive-through options and extended operating hours.

**Business Model**

* **Franchising:** Majority of McDonald's restaurants are owned and operated by independent franchisees who pay fees to the corporation.
* **Centralized Supply Chain:** McDonald's secures ingredients and supplies from a network of approved vendors to ensure consistent quality.
* **Product Innovation:** Continuously introduces new menu items and promotional campaigns to attract customers.

**Global Presence**

* Operates in over 100 countries and has over 39,000 restaurants worldwide.
* World's largest fast food chain by both revenue and restaurant count.

**Impact**

* **Economic:** Creates numerous jobs and contributes to the food and beverage industry.
* **Accessibility:** Provides affordable meals to a wide range of consumers.
* **Social:** Recognized for its marketing campaigns and Happy Meal toys, which have become cultural icons.

**Criticisms**

* **Health Concerns:** Menu criticized for being high in calories, fat, and salt, potentially contributing to obesity and other health issues.
* **Labor Practices:** Accused of exploiting low-wage workers and failing to provide adequate benefits.
* **Environmental Footprint:** Large-scale operations generate significant waste and contribute to pollution.

**Recent Developments**

* Adoption of touch-screen ordering kiosks and mobile ordering platforms.
* Focus on healthier food options and sustainability initiatives.
* Expansion into emerging markets and digital delivery services.

**Legacy**

McDonald's has revolutionized the fast food industry and become a global symbol of American culture. Its iconic brand and consistent quality have made it a household name and a popular destination for consumers worldwide.

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How To Use Thinkorswim Options Trading

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