The late 19th century style was very ornate. The style take full advantage of serifs at every opportunity.
This Pepsi logo is from the Pepsi Cola company from the very late 19th century.
The early 20th century logos take more of a curved and more simplistic style. The don't use fonts that are nearly as ornate and eye catching. The take a very modern approach that "simple is better."
This Pepsi logo is from the Pepsi Cola company from the 1920's.
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