1905 Economy & Business Events — Verified Historical Highlights
1905 Economy & Business Events — Verified Historical Highlights | TakeMeBack.to
- 25 Jan Discovery of the Cullinan Diamond: The Cullinan Diamond, the largest gem-quality diamond ever found, was discovered at the Premier Mine in Pretoria, South Africa, on January 25, 1905. source: history.com
- 28 Jan Discovery of the Cullinan Diamond: The Cullinan Diamond, the largest gem-quality diamond ever found, was discovered at the Premier Mine in Pretoria, South Africa, on January 28, 1905. source: history.com
- 06 Feb Roosevelt approves Philippines railroad construction: On February 6, 1905, U.S. President Theodore Roosevelt signed into law a measure providing for the construction of railroads in the Philippines. This initiative aimed to enhance transportation infrastructure and economic development in the archipelago. source: en.wikipedia.org
- 07 Feb Dominican Republic customs treaty with United States: On February 7, 1905, the Dominican Republic signed a customs treaty with the United States. This agreement aimed to regulate customs duties and improve trade relations between the two nations. source: en.wikipedia.org
- 26 Feb U.S. Panama Canal Commission recommends sea-level canal construction: On February 26, 1905, the U.S. Panama Canal Commission, led by Chief Engineer John F. Wallace, recommended the construction of a sea-level canal across the Isthmus of Panama. This recommendation was based on the belief that a sea-level canal would be more efficient and cost-effective than a lock-based system. However, this proposal faced significant engineering challenges, leading to further debates and studies before the final decision was made to construct a lock-based canal. source: globalsecurity.org
- 03 Mar US Forest Service founded: On March 3, 1905, the Bureau of Forestry was renamed the United States Forest Service, following the Transfer Act of 1905, which transferred the management of forest reserves from the Department of the Interior to the Department of Agriculture. source: en.wikipedia.org
- 24 Mar Dow Jones Industrial Average reaches historic high: On March 24, 1905, the Dow Jones Industrial Average reached a historic high, reflecting the economic growth and industrial expansion of the United States during this period. This milestone was indicative of the booming economy of the early 20th century. source: wsj.com
- 15 May Las Vegas Land Auction: On May 15, 1905, a two-day auction was held by the San Pedro, Los Angeles & Salt Lake Railroad, selling 110 acres of land in Las Vegas. This event marked the establishment of Las Vegas as a railroad town, with lots selling for up to $1,750 each. The auction attracted around 3,000 bidders, leading to the rapid development of the area. source: lasvegasnevada.gov
- 07 Jun Death of Carl Kellner, Austrian industrialist: Carl Kellner, an Austrian industrialist and founder of the Austrian oil company OMV, died on June 7, 1905. source: en.wikipedia.org
- 20 Nov Minas Ragra vanadium mine discovery: The Minas Ragra vanadium mine was discovered on November 20, 1905, in Peru. This discovery was significant for the mining industry and contributed to the global supply of vanadium, a key metal in steel production. source: sciencedirect.com
- 28 Nov Workers' Compensation in Queensland: Queensland introduces workers' compensation legislation, a progressive step in labor rights and social welfare protection for workers.
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