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The models became unpopular by the end of the 1920s, which, coupled with the beginning of the Great Depression, could have spelled disaster for Baldwin.
Baldwin died in 1899 and left the vast majority of his estate to fund missionary causes.
However, Fender and Gibson continued to dominate, and sales did not reach expected levels.
The Gretsch guitar operation was sold back to the Gretsch family in 1989.
Baldwin, like many other manufacturers, began building player pianos in the 1920s.
A piano factory was constructed in Cincinnati, Ohio.