DOW Mensual

Fuente. Tuttle Asset Management, LLC

1901

• J.P. Morgan forms U.S. Steel after buying Carnegie Steel for $500 million
• King Camp Gillette invents the double edge safety razor
• Hubert Booth invents a compact and modern vacuum cleaner
• The first radio receiver successfully received a radio transmission
• Willis Carrier invents the air conditioner

1903

• Wright brothers conduct first sustained powered flight

1904

• NYC subway opens

1906

• William Kellogg invents cornflakes

1907

• Color photography is invented by Auguste & Louis Lumiere
• Immigration peaks in the U.S. to 9 million in the 1900s; dropped when WWI started

1908

• Henry Ford invents the "Model T which would sell for $700-$900

1910

• Thomas Edison invents the talking motion picture

1911

• Charles Franklin Kettering invents the first automobile electrical ignition system
• Supreme Court orders breakup of private monopoly Standard Oil

1912

• The motorized motion picture camera is invented and replaces hand-cranked cameras
• Titanic sinks taking with it many of Wall Street's elite

1913

• Ford introduces the assembly line
• The Federal Reserve is formed to provide stability to the financial markets

1914

• Panama Canal opens facilitating trade between North and South America
• Archduke Ferdinand assassinated - start of WWI
• (Aug. - Dec.) All of the world markets closed, including the NYSE, because of massive selling to return money to Europe ahead of WWI

1915

• German submarine sinks the British Lusitania and gave U.S. incentive to enter WWI

1917

• U.S. enters WWI

1918

• Russian Czar Nicholas II and his family are killed
• The super-heterodyne radio circuit is invented by Edwin Howard Armstrong which is still used today by every radio and television

1919

• Treaty of Versailles Ends World War I
• Prohibition begins in the United States and is terminated in 1933

1920

• Women given the right to vote

1921

• Extreme inflation in Germany post WWI

1922

• Radio station WEAF owned by AT&T in NYC broadcasts first radio ad

1923

• Garrett A. Morgan invents a traffic signal

1924

• First Olympic Winter Games in France

1925

• The mechanical television is invented by John Logie Baird
• Adolf Hitler publishes Mein Kampf

1926

• Robert H. Goddard invents the liquid fueled rocket

1927

• JWA Morrison invents the first quartz crystal watch
• Technicolor, a method for making color motion pictures, is invented
• Complete electronic TV system is invented by Philo Taylor Farnsworth

1928

• Penicillin is invented by Alexander Fleming to treat infections

1929

• Paul Galvin invents the car radio
• The Great Crash (Oct. 24-29) largely as a function of investors buying stocks on credit which led to banks failing and personal bankruptcies

1930

• An early form of a computer is invented (still analog at the time) known as the "differential analyzer," by Vannevar Bush at MIT
• The jet engine is invented by Frank Whittle and Dr. Hans Von Ohain
• Scotch tape is invented by Richard G. Drew at the 3M Corp.

1931

• Stop action photography is invented by Harold Edgerton

1932-34

• Depression-era securities laws establish the FDIC and SEC; R. Hollingshead builds prototype drive-in movie theater

1933

• Adolf Hitler becomes Chancellor of Germany

1934

• FDR passes legislation creating the Federal Housing Administration which brought stability to the mortgage market by insuring loans

1935

• The radar is patented by Robert Watson-Watt
• John Maynard Keynes suggests new economic theory supporting interventionist government policy
• FDR signs into legislation social security which provides benefits for disability, retirement, and death
• First DC-3 flight

1936

• Bell labs invents the first voice recognition machine
• Hoover Dam completed
• UAW state their first sit-down strikes

1937

• The photocopier is invented by Chester F. Carlson

1938

• The first working turbo prop engine is invented

1939

• First commercial television broadcast
• Igor Sikorsky invents the first helicopter
• Hewlett and Packard headquarter their company in Palo Alto, Ca with the hopes of creating a new technology community
• World War II begins

1940

• Peter Goldmark invents the modern color television
• Karl Pabst invents the Jeep

1941

• The first computer controlled by software is invented by Conrad Zuse
• The U.S. is attacked by Japan at Pearl Harbor - U.S. enters WWII

1942

• Women work at Kaiser’s WWII shipyards surpassing expectations

1944

• Willem Kolff invents the kidney dialysis machine
• D-Day - Western allied nations liberate Europe from Nazi control
• Bretton Woods agreement outlined the rules for global commercial and financial transactions; IMF and World Bank established
• FDR signs the GI Bill of Rights which gave returning war veterans favorable loans and the opportunity to get an education

1945

• The atomic bomb is invented under the code name "Manhattan project" and dropped on Hiroshima and Nagasaki
• Coke becomes a global brand during WWII

1946

• The microwave is invented by Percy Spencer
• Baby Boom begins
• Government creates the Employment Act which seeks “to promote maximum employment, production, and purchasing power”

1947

• Marshall Plan enacted to help European nations recover from WWII
• The Tupperware seal is invented by Earl Silas Tupper
• Transistor invented by 3 Bell Scientists - transistor is the key to all modern electronics because of its small size and low cost to mass produce

1949

• Communist movement in China

1950

• Senator Joseph McCarthy begins communist witch hunt

1952

• First patent for the bar code, hydrogen bomb built by Edward Teller

1953

• Transistor radio invented by Texas Instruments

1954

• McDonalds started by Ray Kroc

1956

• Optic fiber was patented by Basil Hirschowitz, C. Wilbur Peters, and Lawrence E. Curtiss
• Eisenhower creates the interstate system
• First computer hard disk used

1957

• Trend toward globalization - first Japanese car (Toyota) sold in U.S.
• European Economic Community established

1958

• Bank of America launches first credit card
• Eisenhower signs a bill creating NASA
• Modem, integrated circuit, and laser invented

1959

• Fidel Castro becomes dictator of Cuba
• Bowling "boom" sweeps across America and bowling alleys begin to pop up in new suburban areas
• Microchip invented by Jack Kilby and Robert Noyce

1961

• Berlin Wall built which divided West Berlin and East Germany
• Kroc buys McDonald’s

1962

• Cuban missile crisis
• Audio cassette invented
• Grand opening of first Wal-Mart

1963

• JFK assassinated; Martin Luther King Jr.'s "I Have a Dream" speech
• Equal Pay Act signed into legislation to address discriminatory practices in the workplace

1964

• BASIC, an early computer language, is invented
• Civil Rights Act enacted

1965

• Compact disk, Astroturf, and Kevlar invented
• U.S. sends troops to Vietnam
• Medicare signed into law by President Johnson to provide health insurance for elders

1966

• Vietnam riots rage across country as radical groups such as the Black Panther Party are formed
• Electronic fuel injection for cars invented

1968

• Computer mouse, first computer with integrated circuits made, and Random Access Memory created
• Martin Luther King Jr. assassinated
• Tet offensive launched by the U.S. and South Vietnam against North Vietnam and the National Liberation Front
• President Johnson’s “Texas-sized” spending spurs domestic inflation

1969

• First version of internet, ATM, and bar code scanner invented
• Neil Armstrong becomes first man on the moon

1970

• Floppy disk invented by Alan Shugart
• Xerox establishes its Palo Alto Research Center
• U.S. begins to run a trade deficit

1971

• Dox-matrix printer invented, LCD, microprocessor by Intel, VCR
• Intel invents the single-chip microprocessor
• Southwest Airlines opens for business

1972

• Terrorist attacks at the Olympic Games in Munich
• Watergate scandal begins and ends with President Nixon's resignation
• Word processor, first video game invented

1973

• Black-Scholes option pricing model introduced
• Fed Ex begins operation
• Gene splicing, Ethernet (local computer network) by Robert Metcalfe and Xerox
• Abortion legalized; U.S. pulls out of Vietnam
• First Oil Shock occurs when OPEC cuts its delivery to nations that supported Israel in its conflict with Syria and Egypt

1974

• Pres. Ford signs the Employee Retirement Income Security Act (ERISA), establishing the minimum standards for pension benefits

1975

• Microsoft founded by Bill Gates
• Wall Street’s fixed commissions end to allow for competition among brokers (discount brokers flourished)

1977

• MRI invented by Raymond V. Damadian

1978

• California asbestos lawsuits; Second Oil Shock heightens during the Iran hostage crisis
• Toys R Us revives employee stock options and benefits from the Reagan tax cuts in the early 80's

1979

• Cellular phones, Cray supercomputer, walkman, roller blades invented
• Paul Volcker becomes Chairman of Fed

1980

• Gene patenting allowed by Supreme Court
• Government bails out Chrysler from bankruptcy
• Reagan elected President – tax cuts to follow
• Microsoft is called upon to provide the IBM operating system

1981

• MS-DOS invented, first IBM-PC, scanning tunneling microscope
• New plague identified as AIDS
• Reagan fires federal air traffic controllers

1982

• Human growth hormone genetically engineered

1984

• AT&T is broken up because its size prevented competition among telephone service providers
• CD-ROM, Apple Macintosh invented

1985

• Windows invented by Microsoft

1986

• Challenger space shuttle explodes

1987

• Black Monday (Oct. 19) - The DJIA dropped more than 20% as programmed selling was a major reason to blame for the sharp sell-off

1988

• Digital cellular phones, abortion pill, Prozac invented
• Savings and loans crisis peaks (along with the decline in the real estate market, two factors that caused recession of 1990-91)

1989

• High-definition television invented
• Symbolic ending to Cold War with the fall of the Berlin Wall and a modern day victory for free market capitalism

1990

• World Wide Web/Internet protocol and WWW language created

1991

• Operation Desert Storm occurs in an effort to liberate Kuwait from Iraq
• Digital answering machine invented

1993

• World Trade Center bombed by an Islamist terrorist group al-Qaeda
• Pentium processor invented

1994

• HIV protease inhibitor created that reduces the ability of the HIV virus to proliferate
• Mexican peso crisis

1995

• Java computer language, DVD invented
• Oklahoma City bombing
• Netscape goes public

1996

• Web TV invented

1997

• Korean Financial crisis

1998

• Clinton impeached; India & Pakistan Test Nuclear Weapons
• Russian Ruble collapse; the demise of Long Term Capital Management; Asian Tiger Crisis
• Brazil defaults on debt

1999

• The Euro becomes the New European Currency; Fear of Y2K

2000

• NASDAQ "bubble" burst
• Presidential election between Bush and Gore goes to Supreme Court for decision on Florida recount

2001

• WTC destroyed by terrorists linked to al-Qaeda
• Accounting scandals hit corporate America - Enron's Jeffrey Skilling and Kenneth Lay made an example

2002

• U.N. Security Council passes resolution demanding Iraq to disarm
• Another wave of accounting scandals surface: Tyco's Dennis Kozlowski and WorldCom's Bernard Ebbers (these scandals shook investor confidence and contributed to the market downturn in 2001 and 2002)
• WorldCom files for bankruptcy in July marking the largest corporate insolvency ever
• New York Attorney General Elliot Spitzer begins to leverage his authority to investigate unethical practices of corporations
• Nanotechnology wearable fabrics invented by Nano-tex LLC; Virtual keyboard invented by Canesta and VKB

2003

• SARS outbreak in Asia
• Iraqi regime under Saddam Hussein falls
• Toyota's hybrid car developed

2004

• Radical Muslim terrorist group destroys Madrid's commuter railway and several trains

2005

• Accounting scandal surfaces against AIG and CEO Hank Greenberg
• Hurricanes Rita and Katrina devastate the Gulf Coast

2006

• Ben Bernanke replaces Alan Greenspan as Federal Reserve Chairman
• Oil prices eclipse $78 a barrel amid conflict between Israel and Lebanon
• Democrats take control of Congress after mid term elections