This Day In Market History, May 20: Levi Strauss Granted First Blue Jean Patent benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1950, Diners Club issued its first credit cards.
Where The Market Was: The Dow finished the day at 217.61. The S&P 500 traded at 18.18.
What Else Was Going On In The World? In 1950, North Korea’s invasion of South Korea marked the beginning of the Korean War. The first “Peanuts” comic strip was published by featuring classic character Charlie Brown. The average price of a new house was $8,450.
The Launch Of Travel And Entertainment Credit Cards: The Diners Club credit card launch was relatively modest. The company began by offering cards to just 200 people, most of which were friends and family of employees. The first card was accepted in just 14 restaurants around New York.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1927, German central .
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1988, Dell Computer Corp. went public.
Where The Market Was: The Dow closed at 2,152.20. The S&P 500 traded at around 275.66.
What Else Was Going On In The. Read More.
What Happened? On this day in 1965, Warren Buffett took control of
Berkshire Hathaway, Inc. (NYSE: BRK-A)(NYSE: BRK-B).
Where The Market Was: The Dow finished the day at 931.47. The S&P 500 traded at 89.66.
What Else Was Going On In The World? In 1965, the construction of the St. Louis Gateway Arch was completed. The 1965 Voting Rights Act guaranteed the right to vote for African Americans. A gallon of gasoline cost 31 cents.
Buffett Takes The Reins: Ironically, in 1964, Warren Buffett intended to sell his 7% stake in Berkshire Hathaway, which was at that time a failing textile company. Buffett had even reached a verbal agreement with Berkshire president Seabury Stanton to sell his Berkshire shares at a price of $11.50.