Oliver Winchester, the largest stockholder of New Haven Arms Co. in Connecticut thought of new ways to improve the Henry rifle in the early 1800s. By 1866 Winchester came out with the repeating rifle through Winchester Repeating Arms Company and created the first first repeating fire arm-- Model 66. By 1873 the company expanded its operations to manufacture ammunition as well, manufacturing up to 250,000 carriages a day and a million by '75. Expanding to ammunition was Winchester's turning point in history. It was the first step that made them the most well known gun and ammunition manufacturing company in the world.
Even after the death of Oliver Winchester in 1880 the company continued to expanded and provide products for everyone. The company was one of the major producers supplying the British and the United States during World War I. Browning and Winchester engineers developed the .50 caliber machine gun during this war, changing the art of war dramatically.
Unfortunately for Winchester, the war lead the company to bankruptcy. Due to the massive expansion, the company had to borrow in order to finance it's production. The company did it's best to pay down it's debt by manufacturing common goods such as kitchen knives and refrigerators in the Winchester Stores in order to save the company yet this strategy was a failure. At an auction in 1931, the company was bought by Western Cartridge Company allowing Winchester to run normally while merged with their savors. The company was recognized from that day on as, Winchester-Western Division of Olin Industries supplying everyone with the weapons they need for any occasion.