Business History

Historical Events

  • 1594-03-12 Company of Distant established for business on East-Indies
  • 1619-06-02 England and the Netherlands sign treaty about trading in the Indies
  • 1784-01-07 1st US seed business established by David Landreth, Philadelphia
  • 1824-11-16 New York 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.

Historic Event

1861-04-16 US President Abraham Lincoln outlaws business with Confederate States (US Civil War)

  • 1872-08-18 Aaron Montgomery Ward issues the first "catalog" for his mail-order business, it is one sheet listing 163 available items
  • 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 superintendence of 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

Historic Event

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

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

Music History

1924-12-26 Frances Gumm (later Judy Garland), age 2½, billed as 'Baby Frances', makes her show business debut

  • 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 Frank Loesser's musical "How to Succeed in Business Without Really Trying", starring Robert Morse and Rudy Vallée, opens at 46th Street Theatre, NYC; runs for 1415 performances, winning 7 Tony Awards, and a Pulitzer Prize
  • 1962-04-16 Brazil nationalizes US businesses
  • 1962-09-09 Soviet economist Liberman plead for autonomous businesses
  • 1965-03-06 Frank Loesser's musical "How to Succeed in Business Without Really Trying", starring Robert Morse and Rudy Vallée, closes at 46th Street Theatre, NYC, after 1415 performances, 7 Tony Awards, and a Pulitzer Prize
  • 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

Historic Event

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.

  • 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 City

Famous Birthdays

  • 1829-05-30 Levin Goldschmidt, German business law expert, born in Gdańsk, Poland (d. 1897)
  • 1844-02-17 Aaron Montgomery Ward, American retailer, founded mail-order business (Montgomery Ward), born in Chatham, New Jersey (d. 1913)
  • 1851-03-19 William Henry Stark, American business leader (d. 1936)
  • 1867-07-15 Maggie L. Walker, African-American teacher and businesswoman (1st female Bank President), born in Richmond, Virginia (d. 1934)
  • 1879-12-21 Theodore Limperg, Dutch accountant, born in Amsterdam, Netherlands (d. 1961)
  • 1885-11-10 Esther Dale, American actress (Curly Top; The Egg and I; Ma and Pa Kettle films), born in Beaufort, South Carolina (d. 1961)
  • 1889-03-08 Oscar Ewing, US government official (Everybody's Business), born in Greensburg, Indiana (d. 1980)
  • 1889-11-16 George S. Kaufman, American playwright (This is Show Business), born in Pittsburgh, Pennsylvania (d. 1961)
  • 1896-12-21 Carl Romme, Dutch catholic foreman/KVP-min Socialist Business, born in Oirschot, Netherlands (d. 1980)
  • 1907-02-05 Norton Simon, American industrialist (Hunts Foods, Norton Simon Museum), born in Portland, Oregon (d. 1993)
  • 1908-12-03 Nigel Balchin, English author (Business for Pleasure), born in Potterne, England (d. 1970)
  • 1910-02-12 Lee Byung Chull, Korean industrialist, founder of Samsung, born in Uiryeong County, Korean Empire (d. 1987)
  • 1912-08-01 Masaya Hanai, Japanese businessman (d. 1995)
  • 1912-09-18 Kurt Lotz, German business executive and second postwar CEO of Volkswagen, born in Frielendorf, Hesse, Germany (d. 2005)

Billie Holiday

1915-04-07 Billie Holiday [Eleanora Fagan], American jazz singer ("I've Got My Love to Keep Me Warm"; "Strange Fruit"), and songwriter ("God Bless The Child"; "Lady Sings the Blues"), born in Philadelphia, Pennsylvania (d. 1959) [1]

  • 1915-09-08 Frank Pullen, English businessman and racehorse owner, born in London (d. 1992)
  • 1923-03-12 Helen Parrish, American actress (Hour Glass, Three Smart Girls Grow Up), born in Columbus, Georgia (d. 1959)
  • 1925-06-25 Ted Stepien, American businessman and basketball team owner, born in Pittsburgh, Pennsylvania (d. 2007)
  • 1926-08-31 Jan de Koning, minister of Agriculture/Social Businesses (CDA)
  • 1928-04-05 Peter Moore, British academic (Professor of Statistics at London Business School) (d. 2010)
  • 1928-10-14 Frank E. Resnik, American business executive (Philip Morris USA), born in Pleasant Unity, Pennsylvania (d. 1995)
  • 1930-09-17 Jim Rohn, American business philosopher, born in Yakima, Washington (d. 2009)
  • 1931-03-07 Cornelis T "Cor" van de Molen, Dutch journalist (Beehive)
  • 1931-12-18 Allen Klein, American rock and roll business manager - ABKCO (Sam Cooke; Rolling Stones, Beatles), born in Newark, New Jersey (d. 2009)
  • 1932-01-30 Kazuo Inamori, Japanese business executive (Kyocera Ceramics Co), born in Yakushi, Japan
  • 1934-12-28 John Akers, American business executive (IBM)
  • 1939-02-24 George Bain, principal (London Business School)
  • 1940-01-04 Anthony "Skooter" Teague, American screen and stage actor (How to Succeed in Business Without Really Trying; No, No, Nanette), born in Jacksboro, Texas (d. 1989)
  • 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

Tom Cruise

1962-07-03 Tom Cruise, American actor (Risky Business, Jerry MaGuire, Rainman), born in Syracuse, New York

  • 1964-02-12 Raphael Sbarge, American actor (Risky Business, My Science Project, Werewolf), born in NYC, New York
  • 1964-09-08 Michael Johns, American conservative commentator and policy analyst, born in Allentown, Pennsylvania
  • 1968-06-10 Susan Haskell, Canadian actress (Marty-One Life to Live, Strictly Business), born in Toronto, Canada
  • 1973-11-19 Takashi Matsumoto, Japanese photographer and business person
  • 1985-05-11 Sifow (Shiho Fujita), Japanese pop star and business woman, born in Chiba, Japan

Famous Deaths

Leland Stanford

1893-06-21 Leland Stanford, American business tycoon (Southern Pacific Railroad), 8th Governor of California and founder of Stanford University, dies of heart failure at 69

  • 1897-07-16 Levin Goldschmidt, German business law expert, dies at 1897
  • 1932-06-14 Dorimène Roy Desjardins, Canadian business pioneer
  • 1936-10-08 William Henry Stark, American timber industry leader, dies ta 85
  • 1939-10-25 Cornelis JK van Aalst, president Dutch Business Society, dies at 73
  • 1946-01-29 Harry Hopkins, American statesman and presidential advisor (US Secretary of Commerce, Loan & Lease law), dies at 55
  • 1958-07-18 John Gobau, Flemish actor (Electricity, Hostage Rights, The Cross-Patch), dies at 67
  • 1980-01-08 Oscar Ewing, US government official (Everybody's Business), dies at 90
  • 1991-08-07 Billy James, New Zealand comedian and singer (Billy T. James Show), dies of heart failure at 42
  • 1995-06-10 Masaya Hanai, Japanese businessman, 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 and second postwar CEO of Volkswagen, dies at 92