Bogleheads:Anniversaries/November
November Anniversaries |
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November 1:
- 1864 - The U.S. Post Office introduced the money order. Source: Business history of financial services
November 2:
- 2009 - William Bernstein's book, The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between, was published. Source: Wiley, ISBN 9780470505144
November 4:
- 1908 - The first federal credit union in the US opens in Manchester, New Hampshire as “La Caisse Populaire, Ste-Marie” (The People’s Bank). Source: History - St. Mary’s Bank
- 1999 - The Depository Trust & Clearing Corporation (DTCC), the financial services company providing clearing and settlement services to the financial markets, was established to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). Source: DTCC 2000 annual reports, see DTCC Consolidated Financial Statement
November 6:
- 1978 - The Revenue Act of 1978 established flexible spending accounts and added section 401(k) to the US Internal Revenue Service Code. Source:Revenue Act of 1978
November 7:
- 1993 - Barclays Global Investors (now part of Blackrock iShares), creates the first target-date fund with the debut of LifePath Portfolios. Source: Industry's First Target-Date Fund Celebrates 15 Years Since Groundbreaking Launch, Our History - BlackRock
November 8:
- 1887 - The Johannesburg Stock Exchange (the JSE) was founded by Benjamin Wollan on 8 November 1887. Source: JSE Overview
November 11:
- 1992 - The modern Prague Stock Market was formed after a sixty year hiatus. Source: History of the Exchange
- 1999 - The Tracker Fund of Hong Kong ("TraHK"), tracking the Hang Seng Index, was the first exchange-traded fund to trade in Asia. Source: The Tracker Fund
November 13:
- 1865 - To counter the effects of loose money-printing and counterfeit notes, the US issued its first 'gold certificates' - a form of paper currency backed by gold. Source: 3 November 1865: US issues its first gold certificates
November 14:
- 1972 - The Dow Jones Industrial Average topped 1,000 points for the first time. Source: Closing milestones of the Dow Jones Industrial Average
- 2014 - The Wilshire 5000 index closed above 19,000 for the first time. Source: Wilshire 5000
November 15:
- 1867 -Stock tickers were first introduced to the New York Stock Exchange. Source: Chronology of New York Stock Exchange (1792-1929)
- 1971 -The first US money market fund, the Reserve Fund, began operations on November 15, 1971.Source:Fund Prospectus,p.5.
November 17:
- 1995 - The Standard & Poors 500 index closed over 600 for the first time in history on November 17, 1995. Source: Closing milestones of the S&P 500 Index
November 19:
- 1890 - Baring's Bank in London was declared insolvent due to its large holdings of defaulted Argentinian debt. Simultaneously an announcement was made that a consortium of international banks would guarantee Baring's debt. While a banking crisis was averted, Argentina, Brazil, and Uruguay experienced severe recessions. Source: Kris James Mitchener & Marc D. Weidenmier: The Baring Crisis and the Great Latin American Meltdown of the 1890s, NBER, 2007.
November 21:
- 1985 - The Standard & Poors 500 index closed over 200 for the first time in history on November 21, 1985. Source: Closing milestones of the S&P 500 Index
- 1995 - The Dow Jones Industrial Average topped 5,000 points for the first time. Source: Closing milestones of the Dow Jones Industrial Average
- 2013 - The Dow Jones Industrial Average topped 16,000 points for the first time. Source: Closing milestones of the Dow Jones Industrial Average
November 22:
- 2013 - The Standard & Poors 500 index closed over 1700 for the first time in history on November 22, 2013. Source: Closing milestones of the S&P 500 Index
- 2016 - The Dow Jones Industrial Average topped 19,000 points for the first time. Source: Closing milestones of the Dow Jones Industrial Average
November 25:
- 1999 - Hong Kong's current second stock market, the Growth Enterprise Market, was founded on November 25, 1999. This market provides a listing board for emerging companies with growth potential. Source: Hong Kong Market Profile
November 26:
- 1990 - The Shanghai Stock Exchange (SSE) was founded on November 26, 1990. Source: SSE brief bio
November 27:
- 1893- The Santiago Exchange (Bolsa de Comercio de Santiago), the primary stock exchange in Chile, was founded on November 27, 1893. Source: History
November 28:
- New York Stock Exchange (NYSE) reopened for bond trading after nearly four months stoppage due to the onset of the first world war. Source: Business history of bonds