Timeline of Business History

1700
1702 Founding of J.E. Rhoads & Sons, America's Oldest Continuing Business
1706 Benjamin Franklin Born
 
1710
1717 Founding of Covenant Life Insurance (Presbyterian Ministers' Fund)
 
1720
1723 Birth of Adam Smith
1723 England: Act of Parliament Allows Establishment of Workhouses
1727 Tobacco Notes Become Legal Tender in Virginia
 
1730
 
1740
 
1750
1750 The Beginning of the Industrial Revolution in England
 
1760
1760 Wampum Factory Opened in New Jersey
1763 John Jacob Astor Born. Astor's Fortune in Furs & Real Estate Eventually Grows to $20,000,000
 
1770
1773 Boston Tea Party
1774 1st Continental Congress
1775 American Revolution Begins
 
1780
1781 Bank of North America Incorporated
1783 Revolutionary War Ends
 
1790
1790 Bavaria: Establishment of Work Institution for the Poor to Manufacture Clothing
1792 New York Stock Exchange Founded
 
1800
1802 Eleuthere Du Pont Establishes E.I. Du Pont de Nemours & Co
 
1810
 
1820
1825 Erie Canal Opened
1828 Baltimore & Ohio, 1st U.S. Passenger Railroad, was Begun
 
1830
1835 Samuel Morse Invents a Commercially Viable Telegraph
1837 First Steamship Built for North Atlantic Ocean Travel
 
1840
1840 England: "Labor Yards" Established Where Unemployed Could Come and Work
1844 1st Message Sent Over 1st Telegraph Wire
1848 U.S.-Mexican War Ends with Mexico Ceding Almost Half Its Territory to the US
1848 California Gold Rush Begins
 
1850
1851 Isaac Singer Patents the Sewing Machine
1859 1st Commercial Producing Oil Well
 
1860
1867 U.S. Buys Alaska from Russia for $7.2 Million
1869 Transcontinental Railroad Completed
 
1870
1878 1st Commercial Telephone Exchange
1878 Edison Electric Founded by Thomas Alva Edison
1879 F.W. Woolworth Opened First Store
 
1880
1886 American Federation of Labor Formed
1888 George Eastman Perfects the Kodak Camera
 
1890
1890 Sherman Antitrust Act
1896 1st Motion Picture Shown on a Public Screen
 
1900
1900 Olds Co. Begins Mass-Producing Automobiles
1900 International Ladies Garment Workers Union Founded
1903 Wright Brothers Make First Flight
1904 U.S. Takes Over Construction of the Panama Canal
1908 Ford Introduces the Model T
 
1910
1911 Supreme Court Order Breakup of Standard Oil
1914 Panama Canal Opens
 
1920
1929 Great Stock Crash
 
1930
1930 1st U.S. Supermarket, King Kullen, Opens
1934 FDR Signs Bill for Federal Housing Administration
1935 1st DC-3 Flight
1936 Hoover Dam Completed
1939 1st Commercial Television Broadcast
1939 Social Security Administration approves the 1st unemployment check
 
1940
1940 The Jeep, built by Willys, makes its debut
1944 FDR Signs G.I. Bill of Rights
1948 Gold Discovered in California
 
1950
1955 Disneyland Opens
1958 Eisenhower Signs Act Creating Nasa
1958 BOA Launches First Credit Card
 
1960
1960 20,000 New England Shoe Workers Went on Strike and Got Higher Wages
1963 Equal Pay for Equal Work
1965 Intelsat 1 Goes into Service
1965 President Johnson Signs Medicare into Law
 
1970
1971 Southwest Airlines Begins Flying
1973 Federal Express Begins Operations
1974 President Ford Signs EUSA into Law
1975 Wall Street Fixed Commission Established
1977 Volker Becomes Fed Chairman
1979 Three Mile Island Disaster
 
1980
1980 U.S. Government Bails Out Chrysler
1987 Black Monday Crash
 
1990
1994 North American Free Trade Agreement (NAFTA) took Effect
 
2000