IN DEBT WE TRUST

The Dow Jones Industrial Average was created in 1896. And it’s still giving investors stress wrinkles today.

✓ TRUE FACT
The DJIA was first published on May 26, 1896, created by Charles Dow and colleagues as a snapshot of industrial stock performance. It began as a 12-stock average and later expanded to today’s 30 components.

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Compound interest was discovered by a man watching mold grow. He said “wow… money can do that too?”“Bullish” was originally a compliment for stubborn people. Finance just made it louder.The first ATM was powered by guilt. It only dispensed cash if you promised to “spend responsibly” (nobody did).The Gini coefficient measures income inequality in a population. A fun reminder that someone’s yacht is your student loan.The first stock ticker was a parrot repeating prices. It also screamed “SELL!” at inconvenient times.The first financial model was drawn on a napkin and powered by vibes. It’s still a surprisingly common methodology.See all In Debt We Trust facts →

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The Dow Jones Industrial Average was created in 1896. And it’s still giving investors stress wrinkles today. | SmartAss Facts