For the week of February 23, 2015:
1855 – Parliament grants a £900,000 loan guarantee to Grand Trunk Railroad and, as a result, flushes the Canadian economy with cash.
1995 – Less than four years after it broke the 3000-mark, the Dow Jones Industrial Average closes above 4000 for the first time, finishing the day at 4003.33. The Wall Street Journal declares the next day: “Stocks Cross 4000 for the First Time, But the Visit There May Be Brief,” and warns that a correction is now “inevitable”.
1869 – The Morrill Tariff Act, which raised … Continue reading