Today in Business History

Historical Events

  • 1594-03-12 Company of Distant established for business on East-Indies
  • 1619-06-02 England & Netherlands sign treaty about business in the Indies
  • 1784-01-07 1st US seed business established by David Landreth, Philadelphia
  • 1824-11-16 NY City's Fifth Avenue opens for business
  • 1826-11-15 Dutch Business Me gets monopoly on opium trade in Java/Madura
  • 1844-12-21 The Rochdale Pioneers commence business at their cooperative in Rochdale, England, starting the Cooperative movement.
  • 1861-04-16 US president Lincoln outlaws business with confederate states (US Civil War)
  • 1872-10-09 Aaron Montgomery started his mail-order business
  • 1882-10-16 The Nickel Plate Railroad opens for business.
  • 1885-11-03 Tacoma vigilantes drive out Chinese, burn their homes & businesses
  • 1898-10-01 The Vienna University of Economics and Business Administration is founded under the name k.u.k. Exportakademie.
  • 1899-04-01 NC Mutual opens doors for business
  • 1900-08-23 National Negro Business League organizes (Boston)
  • 1904-10-19 Polytechnic University of the Philippines founded as Manila Business School through the superintendence of the American C.A. O'Reilley.
  • 1905-12-16 "Variety" covering all phases of show business, 1st published
  • 1906-04-07 Act of Algeciras drawn between Moroccan police & banking business

Person-of-interestPerson of Interest

1910-03-03 Rockefeller Foundation: John D. Rockefeller Jr. announces his retirement from managing his businesses so that he can be devoted full time to being a philanthropist

Financier and Philanthropist John D. Rockefeller Jr
Financier and Philanthropist
John D. Rockefeller Jr
  • 1919-11-11 Pope Benedictus XV states Roman Catholics political/business views
  • 1922-05-29 US Supreme Court rules organized baseball is a sport & not a business & thus not subject to antitrust laws
  • 1923-07-11 Harry Frazee, sells Red Sox to Ohio businessmen for $1M

Person-of-interestPerson of Interest

1924-12-26 Judy Garland, 2½, billed as Baby Frances, makes her show business debut

Actress Judy Garland
Actress
Judy Garland
  • 1928-06-24 With declining business, the Great Gorge and International Railway begins using one-person crews on trolley operations in Canada.
  • 1929-06-15 1st time NY curb stock exchange transacts more business than NY Exch
  • 1933-04-01 Nazi Germany begins persecution of Jews by boycotting Jewish businesses
  • 1942-06-04 Capitol Record Co opens for business
  • 1953-02-20 US Court of Appeals rules that Organized Baseball is a sport & not a business, affirming the 25-year-old Supreme Court ruling
  • 1953-11-19 US Supreme Court rules (7-2) baseball is a sport not a business
  • 1958-12-03 Indonesian parliament accepts nationalisation of Dutch businesses
  • 1960-10-25 Cuba nationalizes all remaining US businesses
  • 1961-10-14 "How to Succeed in Business" opens at 46th St NYC for 1415 performances
  • 1962-04-16 Brazil nationalizes US businesses
  • 1962-09-09 Soviet economist Liberman plead for autonomous businesses
  • 1965-03-06 "How to Succeed in Business" closes at 46th St NYC after 1415 performances
  • 1971-09-02 NY's Electric Circus Club goes out of business
  • 1972-05-26 The British state-owned travel firm Thomas Cook & Son is sold to a consortium of private businesses headed by the Midland Bank.
  • 1981-06-25 Microsoft is restructured to become an incorporated business in its home state of Washington.
  • 1981-08-10 Coca-Cola Bottling Co agrees to pump $34 million into black business
  • 1986-01-09 After losing a patent battle with Polaroid, Kodak must give up its instant camera business.
  • 1990-01-09 US Supreme Court strikes down Dallas' ordinance imposing strict zoning on sexually oriented businesses
  • 1991-01-18 Eastern Air Lines goes out of business after 62 years, citing financial problems.
  • 1992-07-02 Braniff Airlines goes out of business
  • 1993-05-13 6th annual business person run held in Wall Street

Person-of-interestPerson of Interest

1996-05-28 U.S. President Bill Clinton's former business partners in the Whitewater land deal, James McDougal and Susan McDougal, and Arkansas Governor Jim Guy Tucker, are convicted of fraud.

42nd US President Bill Clinton
42nd US President
Bill Clinton
  • 1998-09-15 With the landmark merger of WorldCom and MCI Communications completed the day prior, the new MCI WorldCom opens its doors for business.
  • 2000-12-28 U.S. retail giant Montgomery Ward announces it is going out of business after 128 years.
  • 2007-09-17 AOL, once the largest ISP in the U.S., officially announces plans to refocus the company as an advertising business and to relocate its corporate headquarters from Dulles, Virginia to New York, New York.

Famous Birthdays

  • 1829-05-30 Levin Goldschmidt, German business law expert
  • 1844-02-17 A Montgomery Ward, found mail-order business (Montgomery Ward)
  • 1851-03-19 William Henry Stark, American business leader (d. 1936)
  • 1867-09-26 Maggie L Walker, African American business & civic leader
  • 1879-12-21 Theodore Limperg, business economist (substitute value)
  • 1885-11-10 Esther Dale, Beaufort SC, actress (Unfinished Business)
  • 1889-03-08 Oscar Ewing, US government official (Everybody's Business)
  • 1889-11-16 George S Kaufman, playwright (This is Show Business), born in Pittsburgh, Pennsylvania
  • 1892-07-29 Charles L Bass, actor (Business in White Slavery)
  • 1896-12-21 Carl Romme, Dutch catholic foreman/KVP-min Socialist Business
  • 1907-02-05 Norton Simon, business executive (Simon & Schuster)
  • 1908-12-03 Nigel M Balchin, [Mark Spade], English author (Business for Pleasure)
  • 1910-02-12 Lee Byung Chull, Korean industrialist/founder (Samsung Business)
  • 1912-08-01 Masaya Hanai, businessamn
  • 1912-09-18 Kurt Lotz, German business executive, second postwar CEO of Volkswagen (d. 2005)

Person-of-interestPerson of Interest

1915-04-07 Billie Holiday, [Eleanora Fagan], jazz singer (Lady Sings the Blues), born in Philadelphia, Pennsylvania

Jazz Musician Billie Holiday
Jazz Musician
Billie Holiday
  • 1915-09-08 Frank Pullen, English business person and racehorse owner (d. 1992)
  • 1922-03-12 Helen Parrish, Columbus Ga, actress (Hour Glass, Show Business)
  • 1925-06-25 Ted Stepien, American business (d. 2007)
  • 1926-08-31 Jan de Koning, minister of Agriculture/Social Businesses (CDA)
  • 1928-04-05 Peter Moore, Principal (London Business School)
  • 1928-10-14 Frank E. Resnik, American business executive (d. 1995)
  • 1930-09-17 Jim Rohn, American business philosopher
  • 1931-03-07 Cornelis T "Cor" van de Molen, director Social Businesses of Press
  • 1931-12-18 Allen Klein, American rock and roll business manager
  • 1932-01-30 Kazuo Inamori, Japanese business executive (Kyocera Ceramics Co)
  • 1934-12-28 John Akers, business executive
  • 1939-02-24 George Bain, principal (London Business School)
  • 1940-01-04 Anthony Skooter Teague, Texas, actor (How to Succeed in Business)
  • 1943-02-24 Terry Semel, American business executive
  • 1951-10-16 Daniel Gerroll, actor (Big Business), born in London, England
  • 1960-04-22 Randall L. Stephenson, American business executive

Person-of-interestPerson of Interest

1962-07-03 Tom Cruise, Syracuse, actor (Risky Business, Jerry MaGuire, Rainman)

Actor Tom Cruise
Actor
Tom Cruise
  • 1964-02-12 Raphael Sbarge, actor (Risky Business, My Science Project, Werewolf)
  • 1964-09-08 Michael Johns, American business executive
  • 1968-06-10 Susan Haskell, actress (Marty-One Life to Live, Strictly Business)
  • 1973-06-17 Christian Claudio, Puerto Rican Business Consultant
  • 1973-11-19 Takashi Matsumoto, Japanese photographer and business person
  • 1985-05-11 Sifow (Shiho Fujita), Japanese pop star and business woman

Famous Deaths

  • 1893-06-21 Leland Stanford, American business tycoon and founder of Stanford University
  • 1897-07-16 Levin Goldschmidt, German business law expert, dies
  • 1932-06-14 Dorimène Roy Desjardins, Canadian business pioneer
  • 1936-10-08 William Henry Stark, American business leader (b. 1851)
  • 1939-10-25 Cornelis JK van Aalst, president Dutch Business Society, dies at 73
  • 1946-01-29 Harry L Hopkins, US min of Business (Loan & Lease law), dies at 55
  • 1958-07-18 John Gobau, Flem/Dutch actor (Death of Business Traveller), dies at 67
  • 1980-01-08 Oscar Ewing, US government official (Everybody's Business), dies at 90
  • 1991-08-07 Billy James, comedian/singer (Women at Play, Lusty Business), dies
  • 1994-10-08 John the King, CDA-minister of Social Businesses, dies at 68
  • 1995-06-10 Masaya Hanai, businessamn, dies at 82
  • 2002-01-22 Stanley Marcus, American business executive (b. 1905)
  • 2002-07-07 Dhirubhai Ambani, Indian business tycoon (b. 1933)
  • 2005-03-09 Kurt Lotz, German business executive, second postwar CEO of Volkswagen (b. 1912)