This Day In Market History, March 2: AIG Gets $30B Bailout benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1935, the U.S. Treasury issued the first U.S. savings bonds.
Where The Market Was: The S&P 500 was trading at 8.41 and the Dow closed the day at 103.27.
What Else Was Going On In The World? In 1935, the construction of the Hoover Dam was completed and reformed drinker Bill Wilson founded Alcoholics Anonymous. The average price of a new house was $3,450.
Series A Savings Bonds: The first U.S. savings bonds were reportedly issued after Treasury Secretary Henry Morgenthau Jr. realized that the U.S. had no government-sponsored savings program similar to the ones in France and the U.K.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1862, U.S. President .
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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1995, derivatives trader Nick Leeson sent a resignation fax to Barings Bank in which he admitted to making fraudulent and unauthorized trades that ultimately resulted in the bank’s bankruptcy.
Where The Market Was: The S&P 500 was trading at 488.11 and the Dow closed the day at 4,011.74.
What Else Was Going On In The World? In 1995, basketball legend Michael Jordan announced he was coming out of retirement and returning to the Chicago Bulls. The New York Times and Washington Post published the 35,000-word manifesto of the Unibomber. A gallon of gasoline cost $1.09.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1995, the Dow Jones .