At the height of the Great Depression, aircraft executive Walter H. Beech and airplane designer T. A. "Ted" Wells joined forces to collaborate on a project many considered foolhardy — a large, powerful, and fast biplane built specifically for the business executive. The Beechcraft Model 17, popularly known as the "Staggerwing" was first flown on November 4, 1932, setting the standard for private passenger airplanes for many years to come