Fender was founded in the 1940s when Leo Fender decided to improve the Hollow bodied instruments by usines a very simple yet innovationary electric guitar design. In 1951 he introduced the first electric spanish guitar to be mass-produced, which was his his first prototype of the telecaster design.
Fender also produced the first ever precision base guitar, which allowed the base player to be heard louder and clearer.
Fender is now one of the biggest and ,most recognised guitar companies and producers in the world. Their annual revenue is $173.8million, with over 3thousand employees.