Archive for the 'Fincncial' Category

STOCK MARKET CRASH BEGAN ON THIS DAY

Black Tuesday : The Stock Market Crash of 1929 used book by Barbara  Silberdick Feinberg: 9781562945749

Black Tuesday hit Wall Street on October 29, 1929 as investors
traded 16,410,030 shares on the New York Stock Exchange in
a single day.

Billions of dollars were lost, wiping out thousands of investors,
and stock tickers ran hours behind because the machinery
could not handle the tremendous volume of trading.

In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great
Depression
.

Stock Markets Crash on

Causes and impacts of the Great Depression | Growth of the American Economy  Class Notes

Stock market crash of 1929 | Summary, Causes, & Facts | Britannica

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FIRST SUCCESSFUL TRIP OVER THE FALLS

Annie Taylor, la maestra que se lanzó desde las cataratas del Niágara en un  barril - Billiken

On October 24, 1901, a 63-year-old schoolteacher named Annie
Edson Taylor
(above) became the first person to successfully
take the plunge over
Niagara Falls in a barrel and survive.

Her motives were financial but she never made much money
from her adventure.


No matter the method, going over Niagara Falls is illegal, and
survivors face charges and stiff fines on either side of the
border.

The first person to go over Niagara Falls in a barrel was a 63-year-old  teacher | Mashable

In 1901, 63-year-old schoolteacher Annie Edson Taylor became the first  person to survive a trip over Niagara Falls in a barrel, and she brought  her cat along for the ride.⁠ ⁠ Seeking

63-Year-Old Annie Edson Taylor Went Over Niagara Falls in Nothing More Than a Barrel

Nature and Culture: Annie Edson Taylor's Cat
Taylor, on her 63rd birthday, was accompanied by her cat.

Annie Edson Taylor was the first person to go over Niagara Falls in a  barrel 123 years ago today on October 24th 1901. Photos courtesy of the Niagara  Falls Public Library Local

History@Home: Annie Edson Taylor
Annie Edson Taylor (October 24, 1838 – April 29, 1921)

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PAST EVENTS THAT MADE HISTORY

nancy-lyons          Dissecting the A.P. Phone Log Seizure
NANCY LYONS

posted by Bob Karm in AIRCRAFT,ANNIVERSARY,Fincncial,HISTORY,Retreat,Revolutionary War,Stock market,Surrender and have No Comments

FIRST CRADIT CARD ISSUED ON THIS DAY

RetroNewsNow on X: "On October 1, 1958, American Express introduced its  first credit card https://t.co/6vpHeiIPcp" / X

On October 1, 1958, the American Express Company issued
its first charge card in the U.S. and Canada to give traveling
customers more flexibility.

The purple paperboard card—which later became the iconic
green or gold plastic card—pre-dates a
new era of paying for
purchases with revolving credit cards, with MasterCard and
Visa following
years later.


Henry Wells 1805 – 1878)

William G. Fargo
William George Fargo (1818 – 1881)  

        
          
Road to Destiny - True West Magazine 
 John Butterfield (1801 – 1869)
         
       

 

 
In 1850, American Express was started as a
freight forwarding company in
Buffalo, New
York
.

It was founded as a joint-stock corporation
by the merger of the cash-in-transit companies

owned by Henry Wells (Wells & Company),
William G. Fargo (Livingston, Fargo & Co.)
and
John W. Butterfield.

    
      

American Express - Success Story of the Leading Card Network in the World


     

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U. S. DEPARTMENT FOUNDED ON IN 1789

History of the Treasury | U.S. Department of the Treasury


In 1789, the First U.S. Congress established the
Department of
the Treasury
on September 2nd to manage government finances, creating a permanent institution after the Continental Congress‘s
prior efforts to fund the Revolutionary War through the issuance
of paper money.

This new department was part of Alexander Hamilton’s vision for
the new government, which included establishing national credit,
funding the national debt, and formulating economic policy.


GUEST OPINION: How would Treasury Secretary Alexander Hamilton handle the  Corona virus? – thereporteronline
Alexander Hamilton (1757 – 1804)

Old Treasury Building
View of the east entrance of the first Treasury
Building in Washington, 1804.

                   

US treasury's TIC data for Jun. 2025 shows inflow of $77.8bn [table] -  Energy Analytics Institute (EAI)

Treasury department reveals 39% increase in budget deficit

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