A man made a new drink. 
A man named Caleb Bradham made a new drink. 

Caleb Bradham was a man from North Carolina. He was a pharmacist. This is a person who works with medicine. 
In 1893, he made a new drink. He mixed kola nut extract, vanilla, and rare oils. At first, he called it Brad's Drink. In 1898, he renamed it Pepsi-Cola. He used the name to talk about dyspepsia, which means stomach trouble. He wanted the drink to help with digestion.
Bradham was a very busy man. He ran a drug store. He also worked for the navy for 25 years. He rose to the rank of rear admiral.
His drink became very big. He sold it in six-ounce bottles starting in 1905. However, his company ran out of money in 1923. This is called bankruptcy. The price of sugar went up a lot after World War I. Bradham bought much sugar at a high price. Then, the price of sugar dropped very fast. He had to sell his company for $30,000. He went back to running his drug store. 
Caption: Bradham's Pharmacy in New Bern, North Carolina.
Caleb Davis Bradham was an American pharmacist. He is best known for inventing the soft drink Pepsi. 

In 1893, Bradham created a new recipe in New Bern. He worked at the Bradham Drug Company. His shop had a soda fountain for customers. He mixed kola nut extract, vanilla, and rare oils together. At first, he called this mixture "Brad's Drink." On August 28, 1898, he renamed it Pepsi-Cola. He chose this name by combining the words "dyspepsia" and "cola." He wanted the drink to help with digestion. His assistant, James Henry King, was the first person to taste it. 
Bradham's business grew very quickly over the years. The Pepsi-Cola Company was incorporated in North Carolina on December 24, 1902. Bradham served as the president of this new company. He registered the first Pepsi-Cola trademark on June 16, 1903. That same year, he moved production to a rented building. In 1905, he began selling the drink in six-ounce bottles. Before that, he only sold it as a syrup. He also gave two franchises to bottlers in North Carolina. 
Bradham was a very active leader in his community. He served as president of the People's Bank of New Bern. He was also a chairman for the Craven County Board of Commissioners. He spent 25 years as an officer in the naval reserve. He was a lieutenant in the North Carolina Naval Militia. He became a commander in 1904 and a captain in 1913. Eventually, he retired with the rank of rear admiral. 
Success did not last forever for the Pepsi-Cola Company. On May 31, 1923, the company declared bankruptcy. This happened because the price of sugar changed too much. After World War I, sugar cost 28 cents per pound. Before the war, it only cost three cents per pound. Bradham bought a lot of sugar at the high price. Then, the price of sugar dropped very quickly. He sold his company assets for $30,000. Bradham returned to running his drug store until he died in 1934. 
Caleb Davis Bradham was an American pharmacist and inventor. He is most famous for creating the soft drink known as Pepsi. His work changed the beverage industry forever. 

In 1893, Bradham began a new chapter in New Bern, North Carolina. He opened the Bradham Drug Company. Like many drug stores then, it included a soda fountain. This was the place where he developed his famous recipe. He mixed kola nut extract, vanilla, and several rare oils. He originally called this mixture "Brad's Drink." His assistant, James Henry King, was the first person to taste it. On August 28, 1898, the name was changed to Pepsi-Cola. Bradham created this name by combining "dyspepsia" and "cola." He wanted to market the drink as a way to help with digestion. 
As the drink became popular, Bradham turned it into a formal business. The Pepsi-Cola Company was incorporated in North Carolina on December 24, 1902. Bradham served as the company's first president. He registered the first Pepsi-Cola trademark on June 16, 1903. During that same year, he moved production out of his drug store. He moved it into a nearby rented building to handle more work. In 1905, the business changed how it sold the product. Previously, he had only sold Pepsi-Cola as a syrup. He began selling the drink in six-ounce bottles starting in 1905. He also gave two franchises to bottlers in North Carolina. 
Bradham was a man of many different roles in his community. He was not just a pharmacist or a drink inventor. He served as the president of the People's Bank of New Bern. He also acted as a chairman for the Craven County Board of Commissioners. His leadership skills even led to suggestions that he run for governor of North Carolina. Beyond business, he had a long career in the military. He served as an officer in the naval reserve for 25 years. He started as a lieutenant in the North Carolina Naval Militia. He was promoted to commander in 1904 and a captain in 1913. He eventually retired with the rank of rear admiral. 
Despite his many successes, Bradham faced a major financial crisis. His company grew to have franchises in over 24 states. However, the Pepsi-Cola Company declared bankruptcy on May 31, 1923. This failure was caused by the fluctuating price of sugar. Following World War I, the price of sugar rose to 28 cents per pound. This was a massive increase from the pre-war price of three cents per pound. Bradham had purchased a large amount of sugar at that high price. Shortly after his purchase, the price of sugar nosedived. This sudden drop in value caused his business to fail. 
Following the bankruptcy, Bradham had to sell his company's assets. The assets were sold to the Craven Holding Company for $30,000. This was a significant loss for the man who built the brand. After this event, Bradham returned to his original profession. He went back to operating his drug store in New Bern. He lived in the Slover-Bradham House from 1908 until his death. This house was later listed on the National Register of Historic Places in 1973. 
Caleb Bradham died on February 19, 1934, in New Bern, North Carolina. His life connects the worlds of medicine, business, and military service. He used his knowledge of pharmacy to create a global brand. Even though his company faced bankruptcy, his invention survived. The transition from a medicinal syrup to a bottled soda changed how people consume drinks. His story shows how one person's recipe can impact the entire world. 
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