Beginnings Of The Stock Market
Beginning of paper
At the tail end of the 19th century, boasting a list of business contacts made reporting on gold and silver prospecting in a Colorado mining town called Leadville, Charles Dow left the frontier for the nation's financial hub, New York City. He found a job at the Kiernan News Agency, a service that ....
Middle of paper
.... it the Dow Jones Bergstresser Industrial Average.
Dow had created a stock average based on eleven companies for the Letter
, but his average almost entirely comprised railroad companies. For the Journal, in 1896, Dow used twelve companies and expanded into the American economy's bustling industrial sector, companies with names like National Lead and U.S. Rubber. The first measurement of the Dow Jones Industrial Average was 40.94, and it sagged back down close to that number at 41.22 points i ....
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Page count: 1 (approximately 250 words per page)
