According to Traqline, as of March 2022 wrench sets comprised 7.6% of hand tool sales in the U.S. over the previous four quarters, putting them ahead of pliers (5.5%) but just behind screwdrivers ...

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Peterson originally opened his business in Jamestown, New York, in 1907, with a focus on standard pliers. But when Peterson received a visitor from Sweden who reminded him of an adjustable wrench ...

Adjustable wrenches were common, but the Crescent Adjustable Wrench featured a patented screw-mechanism that eventually led to them being standard issue in many military tool boxes throughout WWII.

In either case, because the jaws looked like a crescent moon, Peterson named it the Crescent wrench. The tool quickly earned the respect of tinkerers, professionals, and luminaries.