Return Today in the History of Business & Economics Return

MARCH 1

1876 Ivan Allen Sr. (Georgia-born Founder of Ivan Allen Company) Georgia Business Leaders Ivan Allen Company University of Georgia
Deaths
Persons of Historic Significance Who Have Died on This Date
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1854 The California Steam Navigation Company Is Formed California Business Steamboats Business Learn California
1861 Construction Is Completed on Florida's First Cross-Peninsula Railroad from Fernandina to Cedar Key Florida Railroads Historic Firsts Florida Historical Society
Butterland Overland Stage Discontinues Mail and Passenger Service in Texas Texas Westward Expansion Business Texas State Historical Association
1864 U.S.S. Roebuck Seizes British Blockade-runner Lauretta off Florida's Indian River Inlet Great Britain Florida Naval History Florida Historical Society
1875 Louisiana Buys the St. Louis Hotel in New Orleans for $250,000 to Serve as State Capitol New Orleans Economics Louisiana Secretary of State
1898 Virginia's General Assembly Approves the Consolidation of Two Petersburg Railroads Petersburg, Virginia Railroads Business Virginia Historical Society
1899 Thorstein Veblen's The Theory of the Leisure Class: An Economic Study of Institutions Is Published Wisconsin Authors American Authors Economists Minnesota Historical Society
1902 200 Molders Go on Strike at Fairbanks, Morse & Co. in Beloit, Wisconsin to Protest the Firing of Their Labor Union Representative Beloit, Wisconsin Labor Strikes Economics Wisconsin Historical Society
1913 Federal Income Tax (16th Amendment) Becomes Law 16th Amendment Taxes Law & Legal Resources University of Georgia
1921 Washington Residents Begin Paying Their First Gas Tax, One Cent/Gallon Washington Business Automotives Law and Legal Resources Taxes Historic Firsts History Link
Harry Houdini Is Granted a Patent for a Diver's Suit Harry Houdini Actors Trademarks, Patents and Copyrights USPTO
1933 Banks Across the U.S. Declare "Bank Holidays" to Prevent Runs on Their Holdings Great Depression Economics Taylor Bank
1937 Labor Union CIO Signs Exclusive Labor Contract with U.S. Steel Labor Business History Channel
1938 The Soviet Union Loans $50M to China for Its War with Japan Soviet Union China Japan War Economics Asian History
1946 English Government Takes Over the Bank of England after 252 Years English History Economics Bank of England
1947 International Monetary Fund Commences Financial Operations International Monetary Fund International Monetary Fund United Nations
1962 The First K-Mart Opens in Garden City, Michigan Michigan K-Mart
1966 British Decide to Convert to Decimal Coinage Great Britain Currency BBC
1971 Hundreds of Thousands of British Workers Protest Government's New Industrial Relations Bill Great Britain Labor Strikes Law and Legal Resources BBC
1985 Milwaukee Businessman and Future U.S. Senator, Herb Kohl, Purchases the Milwaukee Bucks for $18M Milwaukee, Wisconsin Basketball Business National Basketball Association U.S. Congress Wisconsin Historical Society
1994 U.S. Senate Rejects Balanced Budget Amendment U.S. Senate Economics U.S. Constitution PBS

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