1797day.year
The Bank of England issues the first one-pound and two-pound banknotes.
The Bank of England introduces its first one-pound and two-pound banknotes in 1797, marking a milestone in British paper currency.
In 1797, facing a shortage of gold and silver coins during wartime, the Bank of England issues its inaugural one-pound and two-pound banknotes.
These early notes feature intricate designs and handwritten signatures to deter counterfeiters.
Their introduction modernizes Britain's currency system and eases the strain on metal reserves.
The move sets a precedent for paper money circulation and inspires other nations to adopt banknote practices.
Over time, printed standardized notes replace these early issues, but their legacy endures in modern banking.
1797
Bank of England
issues
one-pound
two-pound
banknotes
1901day.year
United States Steel Corporation is founded as a result of a merger between Carnegie Steel Company and Federal Steel Company which became the first corporation in the world with a market capital over $1 billion.
United States Steel Corporation is formed by merging Carnegie Steel and Federal Steel, becoming the world's first billion-dollar corporation.
In 1901, industrialist J. P. Morgan orchestrated the merger of Andrew Carnegie's Carnegie Steel Company with Federal Steel Company to create United States Steel Corporation. Valued at over $1.4 billion, it became the first corporation in the world with a market capitalization exceeding $1 billion. This consolidation reshaped the American steel industry, establishing a new model for trust and corporate governance. U.S. Steel's dominance spurred advancements in production techniques and influenced labor-management relations. The company's creation marked a milestone in the Gilded Age economy, reflecting the era's rapid industrial growth and concentration of capital.
1901
United States Steel Corporation
Carnegie Steel Company
Federal Steel Company
1937day.year
The Steel Workers Organizing Committee signs a collective bargaining agreement with U.S. Steel, leading to unionization of the United States steel industry.
The Steel Workers Organizing Committee secures a landmark collective bargaining agreement with U.S. Steel.
On March 2, 1937, the Steel Workers Organizing Committee (SWOC) finalized its first collective bargaining agreement with the U.S. Steel Corporation. This historic accord granted workers better wages, standardized working conditions, and recognized union representation within the steel industry. It marked the first major victory for the Congress of Industrial Organizations (CIO) and set a precedent for industrial unionism in America. U.S. Steel's willingness to negotiate signaled a shift in corporate labor relations during the New Deal era. The agreement helped catalyze the unionization of steelworkers nationwide, profoundly impacting labor rights and industrial productivity.
1937
Steel Workers Organizing Committee
collective bargaining
U.S. Steel
steel
1968day.year
Baggeridge Colliery closes marking the end of over 300 years of coal mining in the Black Country.
Baggeridge Colliery closes, ending more than 300 years of coal mining in the Black Country.
On March 2, 1968, the closure of Baggeridge Colliery marked the final end of deep coal mining in the Black Country region of Staffordshire, England. Established in the late 17th century, the mine had been a vital source of energy and employment for local communities. Its shutdown reflected broader industrial decline and the British government's shift away from coal amid changing economic priorities. The closure led to job losses and initiated economic transformation efforts in the area. Former miners and residents commemorated the colliery's long history through reunions and heritage projects. Today, the former mining site hosts a country park, preserving the region's industrial legacy.
1968
Baggeridge Colliery
coal mining
Black Country