This December Day In Financial History

December 1, 1909 First Christmas savings club opened by Carlisle (PA) Trust Company. December 2, 2001 The Enron Corporation files for Chapter 11 bankruptcy protection in a New York court, sparking one of the largest corporate scandals in U.S. history.
December 3, 1842 Charles A Pillsbury, who became the world’s largest flour miller by 1889, was born today in Warner, N.H.; invested in a small flour mill (1869); introduced new methods and grew business. Died 1889 December 4, 1991 Charles Keating, chairman of a California savings and loan convicted on 17 counts of securities fraud; prosecutors claimed Keating induced 17,000 investors to buy $250 million of uninsured bonds
December 5, 1955 American Federation of Labor and Congress of Industrial Organizations merged to form the AFL-CIO with 15 million members. December 6, 1823 John Eberhard Faber, who set up the first American pencil factory (1861), was born on this date in Stein, Germany; first to put an eraser on a pencil. He died in 1879.
December 7, 1863 Richard W. Sears was born on this date. He was the organizer of Sears Roebuck (1893). He acquired a shipment of abandoned watches, hired Alvah Roebuck to repair them, and then sold the watches through the mail. December 8, 2003 President Bush signed a law that would establish a Medicare drug benefit to begin in 2006.
December 9, 1886 Charles Birdseye, inventor of process of freezing food, was born on this date in Brooklyn. He was the founder of what would later become General Foods Corporation.

December 10, 1955: "The Big Surprise" on NBC-TV awarded the largest amount of money given away on television. Mrs. Ethel Park Richardson of Los Angeles, CA may have needed an armored truck to carry away her $100,000 in cash. Source

December 11, 2008: Bernard Madoff is arrested and charged with securities fraud in a $50 billion Ponzi scheme. Source

December 12, 1980: American oil tycoon Armand Hammer pays $5,126,000 at auction for a notebook containing writings by the legendary artist Leonardo da Vinci.

Gold hits record $462.50 an ounce (1979)

December 13, 1995 Dow Jones industrial average closed at an all-time high of 5,216.47. Source

The U.S. Mint began stamping the Susan B. Anthony dollar, the first U.S. coin honoring a woman. (1978)

December 14, 1946 John D. Rockefeller, Jr., gave $8.5 million toward the purchase of New York City property for the United Nations headquarters. Source

December 15, 1939: "Gone With the Wind" premiered. The owner of the script was fined $5,000 for including the word 'damn' Rhett Butler’s famous farewell to Scarlett, “Frankly my dear, I don’t give a damn.”

December 16, 1963 President Lyndon Johns signed bill setting up $1.2 billion construction program for college classrooms, laboratories, and libraries. Source
December 17, 2003: Space Adventures announces the availability of two more tickets to fly to the International Space Station at a cost of $20 million each. Source

December 18, 1936: Su Lin arrived in San Francisco, California. She was the first giant panda to come to the U.S. from China. The bear was sold to the Brookfield Zoo for $8,750. Source

December 19, 1732 Poor Richard's Almanac published in Philadelphia for the first time by Benjamin Franklin. Source December 20, 1930 President Hoover signed $116 million Emergency Construction Act to aid the unemployed. Source

The United States purchased the Louisiana territory from France for $15 million. (1803)

December 21, 1937: Disney "Snow White and the Seven Dwarfs" which cost $1.5 million to produce.

1967 - The Rolling Stones LP, "Their Satanic Majesties Request", was released. It cost $50,000 to produce.

December 22, 2005 Presidential $1 Coin Act became law and provided for all Presidents to be depicted on the coins; four new ones to be issued each year.

Joseph Bloomingdale, cofounder of department store, was born in New York City on this date. He instituted a 10 hour work day and half day off per week. Source

December 23, 1913: The "Federal Reserve Act" was signed into law by President Woodrow Wilson. It established 12 Federal Reserve Banks. Source

December 24, 1867: It was Christmas Eve that R.H. Macy’s department store in New York City remained open until midnight to catch last-minute shoppers. The store took in a record $6,000, giving itself a very Merry Christmas. Source

December 25: Get lots of Christmas trivia here! December 26, 2002 Record lottery winner: Andrew J. Whittaker, Jr., of West Virginia; takes $113.4 million immediately rather than $314.9 million long-term payout. Source
December 27, 1941 Rationing began, starting with tires; ended late in 1945, except for sugar; at its peak there were 13 programs in effect. Source

December 28, 1981:  WEA Records (Warner-Elektra-Atlantic) raised the price of its 45 rpm records from $1.68 to $1.98 this day. The company was the leader of the pack with other labels soon boosting their prices. Within a few years, the 45 rpm record was boosted right out of existence. Source

December 29, 1994 Dow Jones industrial average ended the year at 3,833.43. 1 year later it closed at 5,117.12. Source December 30, 1969 President Nixon signed most far-reaching tax reform bill in American history; was expected to lower taxes by 5% and remove nine million low-income Americans from the tax rolls. Source

The first ever NTSC color television sets go on sale for about $1,175 each from RCA. Source