Major Milestones, world as an economy - Financial categorized year wise. Here is the list of timeline starting from 1960 to 2012 the major milestone achieved by various countries on different things which revolution-ed the whole world. Here it goes!
Current affairs of history!
1960
|
Organisation of Petroleum Exporting
Countries(OPEC) was formed in Baghdad. A oil barrel was traded for $2.90
|
1962
|
FTSE All-Share Index first
calculated.
|
1963
|
First European Eurobonds issued in
1963 by Italian motorway network Autostrade
|
1964
|
Clive W J Grander and Michio Hatanka
published Spectral Analysis for Economic
Times Series
|
1967
|
UK Prime minister Harold
Wilsondevalues the pound; Muriel Siebert becomes the first female member of
the New York Stock Exchange
|
1968
|
Richard Brealey’s Principles of
Corporate Finance
|
1969
|
Tokyo Stock Price Index inaugurated
(TOPIX)
|
1970
|
Large oil field found in North Sea;
first attempt at creating European Economic and Monetary Union(EMU); first
Mortgage Based Security(MBS) brought to market in US by Ginnie Mae.
|
1972
|
On 14 November the Dow closes above
1000 for the first time in the history at 1003.16
|
1973
|
First Female members admitted to the
London Stock Exchange
|
1975
|
OPEC oil embargo
|
1976
|
The first G7 Summit was held in San
Juan, Puerto Rico, in 1976, with President Gerald Ford as host.
|
1977
|
TSX launched the world’s first
Computer Assisted Trading Systems(CATS) and TSX 300 composite index, which
became the benchmark index for equity market of Canada.
|
1977
|
Bear stearns underwrite the first
new-issue junk bond in the decade.
|
1978
|
China turned into market oriented
economy.
|
1981
|
Arthur Betz Laffer starts ‘Supply
Side Economics’
|
1982
|
FTSE 100 first calculated
|
1986
|
Deregulation of London Stock Exchange
(LSE)
|
1987
|
Black Monday stock market crash
worldwide
|
1988
|
RJR Nabisco bought out for $25
billion
|
1989
|
The Nikkei 225 crash
|
1990
|
The Shanghai Stock
Exchange founded;
|
1992
|
North American Free Trade Agreement
(NAFTA) signed;
|
1995
|
World Trade Organisation (WTO) founded; Russian
trading system established.
|
1997
|
New Labour government fived Bank of
England independence from political control
|
1998
|
Dot.com bubble begin
|
1999
|
Dow touched 10000 mark; NASDAQ become
world’s biggest stock market by dollar volume.
|
2001
|
London Stock Exchange (LSE) celebrated 200th
anniversary
|
2002
|
Euro currency in 12 European states
introduced.
|
2007
|
Subprime collateralized
debt obligations (CDO) market valued worth
more than $45 trillion
|
2008
|
FTSE 100 suffers worst one-day drop
in history as banking crisis; Lehman Brother collapsed.
|
2009
|
UK GDP contracts for six consecutive
quarters for the first time since quarterly figures were first recorded in
1955.
|
2010
|
Ireland and Greece require economic
bailout
|
2011
|
Portugal and Spain on the
brink of EU bailout; the prices of crude oil is $112/barrel
|
2012
|
(estimated) Indian economy will grow
faster than China’s in terms of GDP.
|
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