1896day.year
Charles Dow publishes the first edition of the Dow Jones Industrial Average.
Charles Dow published the first Dow Jones Industrial Average in 1896, establishing a benchmark for tracking the U.S. stock market.
On May 26, 1896, financial journalist Charles Dow published the first edition of the Dow Jones Industrial Average (DJIA) in The Wall Street Journal. The initial average tracked 12 industrial stocks to gauge market performance. Dow’s creation offered investors a simple benchmark to assess trends in the burgeoning American economy. Over time, the DJIA expanded to 30 companies and became one of the world’s most watched stock indices. It has weathered crashes, depressions, wars, and booms, reflecting the resilience and volatility of financial markets. Today, the DJIA remains a key barometer for stock market sentiment and economic health. Dow’s pioneering work laid the groundwork for modern financial analysis and index construction. His methodology influences countless investment strategies to this day.
Charles Dow
Dow Jones Industrial Average
1908day.year
The first major commercial oil strike in the Middle East is made at Masjed Soleyman in southwest Persia. The rights to the resource were quickly acquired by the Anglo-Persian Oil Company.
In 1908, prospectors struck oil at Masjed Soleyman in Persia, leading to the rise of the Anglo-Persian Oil Company.
In 1908, prospectors struck oil at Masjed Soleyman in southwest Persia, marking the first major commercial oil discovery in the Middle East. The find transformed Persia's economic landscape and attracted international attention. Rights to the oil field were acquired by the newly formed Anglo-Persian Oil Company, backed by British interests. This venture laid the groundwork for modern OPEC states and shifting global energy dynamics. The development spurred infrastructure growth, including pipelines and refineries. It fueled industrialization in Europe and cemented Britain's role as a leading oil consumer. Persian sovereignty debates over resource control began to surface soon after. The Masjed Soleyman strike is viewed as a turning point in global oil history.
1908
Masjed Soleyman
Persia
Anglo-Persian Oil Company
1927day.year
The last Ford Model T rolls off the assembly line after a production run of 15,007,003 vehicles.
On May 26, 1927, the final Ford Model T rolled off the assembly line after over 15 million vehicles, ending an era of mass production.
On May 26, 1927, the final Ford Model T rolled off the assembly line at the Highland Park plant in Michigan. Henry Ford's revolutionary moving assembly line had produced over 15 million T-models since 1908. The Model T democratized car ownership, bringing affordable mobility to the masses. Its simple design and interchangeable parts set new standards for mass production. Ford replaced it with the more modern Model A to meet evolving consumer tastes. The end of the T’s production closed a defining chapter in industrial history. Its legacy lives on in automotive design, manufacturing processes, and popular culture. Collectors and museums worldwide preserve numerous surviving examples of this iconic vehicle.
1927
Ford Model T
assembly line