Word: dows
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Dates: during 1990-1999
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...When the Dow peaked at 985 in 1968, the conglomerate movement comprised dozens of America's largest companies, including Textron, Litton, Teledyne, Raytheon, Walter Kidde & Co. and US Industries. The movement would sputter to a halt in the '70s, its oxygen cut off by rising interest rates and a falling market. A surprisingly anticonglomerate Nixon Administration crimped the most aggressive expansions in the interest of protecting what Ling calls "the smokestack-industry crowd" of old-line executives. Ling was forced out of LTV in 1970 as part of an antitrust settlement. Bluhdorn died on a company jet in 1983. Geneen...
...rich roots of all this actually predate the past turn of the century, to 1882, when three striving journalists--Charles Dow, 31, Edward Jones, 27, and Charles Bergstresser, 24--started Dow Jones & Co. to pick up news and gossip and then peddle them to brokers, bankers and slippery speculators. In 1889 Dow Jones launched the Wall Street Journal, a four-page stock-and-bond paper. Price: 2[cents]. As Edward Scharff writes in his book about the company, Worldly Power, "The Dow Jones messenger boys and reporters hustled advertising and subscriptions while they made their rounds... Much of the financial...
...century's turn, Dow died, Jones sold out, and in came the new owners: Jessie Waldron Barron, a prim Boston boardinghouse keeper; and her insatiable journalist husband, who persuaded her to put up the $2,500 down payment. Clarence Walker Barron, 5 ft. 5 in. and 300 lbs. in his prime, was a high-living, big-investing champion of unrestrained capitalism who improved the Journal's standards while ordering up stories promoting companies whose shares he owned...
...free!--information that was once limited to high rollers, everything from where to get the best deals in credit cards, mortgages and bank loans to often valuable advice from professionals on long-term market strategy. So consider how far we have come: a century ago, the messengers of Messrs. Dow and Jones hustled tips to a few fat cats on the Street. Now the Net brings a plethora of business information to one and all. And that can only be called progress...
1930s The Great Depression decade. The Dow falls from a high of 381.17 in 1929 to 41.22 in 1932. National output drops 29%. Unemployment surges...