On the 8th July 1932, the Dow Jones Industrial Average – a key indicator of the value of America’s biggest companies – fell to its lowest point during the Great Depression that began with the Wall Street Crash.
The economic bubble that is also referred to as the ‘dot-com boom’ was the result of investors speculatively pouring money into the numerous internet companies that were founded in the mid- to late-1990s.
Although the income tax was abolished in 1802, it was reinstated and repealed another two times before being made permanent.
The first traveller’s cheques, in the form of a ‘circular note’ issued by a bank, went on sale in London.
The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
Alexander Hamilton was made the first United States Secretary of the Treasury by President George Washington.
These original New York stockbrokers traded from the Tontine Coffee House at 82 Wall Street before moving to their first dedicated trading space in 1817.
The Revenue Act of 1861 was signed into law by Abraham Lincoln, imposing U.S. federal income tax for the first time.
By the start of the 17th century merchants from the Dutch Republic had begun to undertake voyages to the ‘Spice Islands’ of the Indian Ocean.
The concept of a lottery, in which lots were drawn to determine a winner, had been around for centuries before Queen Elizabeth I chartered a prize draw to raise money for the “reparation of the havens and strength of the Realme, and towardes such other publique good works”.
28th June 2015
3rd August 2020
1st September 2018
9th November 2019
