📅 Historical.Today Today in History

Economic Events That Shaped History

Explore the economic and business events that changed societies and shaped the course of history. Discover financial crises, major trade developments, banking milestones, market changes, industrial growth, and economic reforms that influenced governments, businesses, workers, and everyday life across different eras and regions.

Major Historical Events in Economy & Business

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📅 Oct 26, 1825

The Erie Canal Opens

The Erie Canal opened on October 26, 1825, linking the Great Lakes to New York City and cutting freight costs sharply.

🔖Trade
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📅 Sep 15, 1830

The Liverpool and Manchester Railway Opens

On September 15, 1830, the Liverpool to Manchester railway opened, the first modern intercity line, and killed MP William Huskisson.

🔖Industrial Revolution 🔖Inventions🔖Railways
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📅 Sep 10, 1846

Elias Howe Patents the Lockstitch Sewing Machine

On September 10, 1846, Elias Howe patented the lockstitch sewing machine, the design that made machine sewing practical.

🔖Industrialization🔖Inventions🔖Legislation🔖Patents
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📅 Sep 24, 1869

The Gold Panic of 1869 Ruins Thousands on Wall Street

On September 24, 1869, gold prices collapsed in New York, ending a corner engineered by Jay Gould and James Fisk and ruining thousands.

🔖Currencies 🔖Finance🔖Financial Crises 🔖Political Crime🔖Stock Markets
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📅 Sep 30, 1882

The World's First Hydroelectric Power Station Starts Operating

On September 30, 1882, the Vulcan Street Plant in Appleton, Wisconsin, became the world's first hydroelectric power station.

🔖Electricity🔖Engineering🔖Hydropower 🔖Industry 🔖Inventions
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📅 Oct 4, 1883

The Orient Express Makes Its First Journey

On October 4, 1883, the Orient Express left Paris on its first run, bound for the Ottoman capital.

⛳France⛳Romania
🔖Engineering🔖Railways
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📅 Sep 4, 1888

George Eastman Patents the Kodak Camera and Registers the Trademark

On September 4, 1888, George Eastman patented the Kodak roll-film camera and registered the Kodak name, opening photography to the mass market.

🔖Foundings🔖Inventions🔖Patents
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📅 Sep 23, 1889

Fusajiro Yamauchi Founds Nintendo in Kyoto

On September 23, 1889, Nintendo was founded in Kyoto by Fusajiro Yamauchi to produce handmade hanafuda playing cards.

⛳Japan
🔖Companies 🔖Foundings🔖Games 🔖Manufacturing 🔖Toys
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📅 Sep 16, 1908

General Motors Is Founded by William Durant in Flint

On September 16, 1908, William Durant incorporated General Motors in Flint, Michigan, beginning the consolidation of the American car industry.

🔖Automobiles🔖Finance🔖Foundings🔖Industrial Revolution 🔖Industrialization
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📅 Sep 27, 1908

The First Ford Model T Is Built at the Piquette Plant

On September 27, 1908, Ford built the first Model T at its Piquette plant in Detroit, beginning the age of the cheap car.

🔖Automobiles🔖Industrial Revolution 🔖Industrialization🔖Inventions🔖Manufacturing
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📅 Oct 10, 1913

The Gamboa Dike Is Blown, Completing the Panama Canal

The Gamboa dike was blown on October 10, 1913, flooding the Culebra Cut and completing the Panama Canal after 33 years of work.

⛳Panama
🔖Construction 🔖Engineering🔖Trade
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📅 Oct 7, 1919

KLM Is Founded, the Oldest Airline Still Flying Under Its Own Name

KLM was founded in The Hague on October 7, 1919, and remains the oldest airline in the world flying under its original name.

🔖Aviation
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📅 Oct 18, 1922

The British Broadcasting Company Is Founded

The British Broadcasting Company was founded on October 18, 1922, and became the public BBC in 1927.

🔖Broadcasting🔖Media
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📅 Oct 1, 1928

The Soviet Union Launches Its First Five-Year Plan

On October 1, 1928, the Soviet Union launched its first five-year plan, forcing industrialization and collectivization.

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📅 Oct 24, 1929

Wall Street Crashes on Black Thursday

Wall Street crashed on October 24, 1929, known as Black Thursday. The crash began the Great Depression.

🔖Financial Crises 🔖Stock Markets
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📅 Oct 28, 1929

Black Tuesday on Wall Street

The Wall Street crash continued on 28 October 1929 with the Dow falling nearly 13 per cent in a day, opening the contraction that became the Depression.

🔖Economic Crises 🔖Financial Crises 🔖Stock Markets
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📅 Sep 26, 1934

The Liner Queen Mary Is Launched at Clydebank

On September 26, 1934, the Queen Mary was launched at Clydebank, the largest British liner built to that date.

🔖Engineering🔖Industrialization
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📅 Sep 30, 1935

Hoover Dam Is Dedicated

On September 30, 1935, Franklin Roosevelt dedicated Hoover Dam, the tallest dam in the world, on the Colorado River.

🔖Construction 🔖Engineering
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📅 Oct 30, 1947

The GATT Is Signed

On October 30, 1947, twenty-three nations signed the GATT to cut tariffs and open world trade.

🔖International Organizations🔖Trade🔖Treaties
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📅 Sep 24, 1948

Soichiro Honda Founds the Honda Motor Company

On September 24, 1948, Soichiro Honda founded the Honda Motor Company in Japan with 34 workers and a bicycle engine.

⛳Japan
🔖Automobiles🔖Engineering🔖Foundings🔖Industrialization🔖Manufacturing
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📅 Oct 18, 1954

The First Transistor Radio Goes on Sale

On October 18, 1954, Texas Instruments announced the Regency TR-1, the first transistor radio sold to the public, a pocket sized set.

🔖Electronics 🔖Inventions🔖Manufacturing
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📅 Sep 22, 1955

ITV Goes on Air and Ends the BBC Television Monopoly

On September 22, 1955, ITV launched in London, ending the BBC's 19-year monopoly of British television.

🔖Advertising 🔖Broadcasting🔖Foundings🔖Media🔖Television
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📅 Oct 28, 1955

Bill Gates Is Born in Seattle

On October 28, 1955, Bill Gates, who founded Microsoft and later set up a large philanthropic foundation, was born in Seattle.

🔖Births🔖Companies 🔖Computer Science
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📅 Oct 1, 1964

Japan's Shinkansen Begins High-Speed Service

On October 1, 1964, Japan's Tokaido Shinkansen opened between Tokyo and Osaka at 210 km/h.

⛳Japan
🔖Engineering🔖Railways
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📅 Oct 28, 1970

Work Begins on the Tazara Railway

On October 28, 1970, construction began on the Tazara railway, built with Chinese aid to link Zambia to the coast at Dar es Salaam.

⛳China
🔖Construction 🔖Diplomatic Relations🔖Railways
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📅 Oct 16, 1973

The Arab Oil Embargo Triggers the Energy Crisis

The Arab oil embargo began on October 16, 1973, after an OPEC price rise, and oil prices roughly quadrupled within months.

⛳Kuwait ⛳Saudi Arabia
🔖Middle East
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📅 Sep 22, 1985

The Plaza Accord Is Signed to Bring Down the Dollar

On September 22, 1985, five nations signed the Plaza Accord at the Plaza Hotel in New York to drive down the value of the US dollar.

🔖Currencies 🔖Economic Crises 🔖Finance🔖International Conferences 🔖Treaties
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📅 Oct 27, 1986

London's Financial Big Bang

On October 27, 1986, Britain's Big Bang deregulated the City of London, opening it to global finance.

🔖Finance
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📅 Oct 19, 1987

Stock Markets Crash on Black Monday

On October 19, 1987, the Dow Jones fell 22.6 percent, its worst one-day drop ever. The Black Monday crash spread to markets worldwide.

🔖Financial Crises 🔖Stock Markets
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📅 Sep 3, 1995

Pierre Omidyar Launches AuctionWeb, the Site That Became eBay

On September 3, 1995, Pierre Omidyar launched AuctionWeb in San Jose, a site renamed eBay two years later that changed online selling.

🔖Computer Science🔖Foundings🔖Internet
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📅 Oct 18, 1995

The First Internet Bank Opens

On October 18, 1995, Security First Network Bank opened as the first US bank to run entirely over the internet, with no branches.

🔖Companies 🔖Finance🔖Internet
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📅 Oct 28, 1997

The Yellow River Is Diverted at Xiaolangdi

On October 28, 1997, the Yellow river was diverted at Xiaolangdi and the dam was closed, a key step in a large flood control project.

⛳China
🔖Engineering🔖Floods 🔖Hydropower
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📅 Sep 4, 1998

Google Is Incorporated by Larry Page and Sergey Brin

On September 4, 1998, Larry Page and Sergey Brin incorporated Google in California, built around the PageRank link algorithm.

🔖Computer Science🔖Foundings🔖Internet
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📅 Oct 31, 2011

World Population Reaches Seven Billion

On October 31, 2011, the United Nations marked the world population reaching seven billion, twelve years after it passed six billion.

⛳Africa ⛳Asia
🔖Public Health 🔖Records