Morris Michtom - Wikipedia

On November 18, 1902, Brooklyn toymaker Morris Michton names the teddy bear after US President Teddy Roosevelt. From the article:

"Morris Michtom (1870 – July 21, 1938),[1][2] was a Russian-born businessman and inventor, who with his wife Rose, invented the teddy bear in 1902.[3] They founded the Ideal Novelty and Toy Company, which after Michtom's death became the largest doll-making company in the United States.

Michtom was born to a Jewish family[4][3] and immigrated to New York in 1887. He sold candy in his shop at 404 Tompkins Avenue[5] in Bedford-Stuyvesant Brooklyn by day and made stuffed animals with his wife Rose at night.

The teddy bear was inspired by a cartoon by Pulitzer Prize winning cartoonist Clifford K. Berryman depicting American president Theodore Roosevelt having compassion for a bear at the end of an unsuccessful hunting trip in Mississippi in 1902, he was also later nicknamed "Teddy". Michtom saw the drawing and created a tiny plush bear cub which he sent to Roosevelt. After receiving permission to use Roosevelt's name,[6] Michtom put a plush bear in the shop window with a sign "Teddy's bear." After the creation of the bear in 1902, the sale of the bears was so brisk that in 1907 Michtom created the Ideal Novelty and Toy Company.[7] "