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Major Milestones, World as an single Economy - Financial.

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! 


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.



 Current affairs of history!

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