1911 Economy & Business Events — Verified Historical Highlights
1911 Economy & Business Events — Verified Historical Highlights | TakeMeBack.to
- 26 Mar Establishment of United States Postal Savings System: The United States Postal Savings System was inaugurated, allowing individuals to deposit funds at post offices. This system aimed to provide a safe and accessible means for the public to save money, especially in rural areas. source: britannica.com
- 15 Jun IBM's founding as Tabulating Machine Company: On June 15, 1911, the Tabulating Machine Company was founded, which later became part of the Computing-Tabulating-Recording Company (CTR) on June 16, 1911. This company eventually evolved into IBM. source: u-s-history.com
- 16 Jun IBM founded as Computing-Tabulating-Recording Company: On June 16, 1911, the Computing-Tabulating-Recording Company (CTR) was incorporated in Endicott, New York, through the merger of four companies, including the Tabulating Machine Company. source: ibm.com
- 03 Jul British Seamen's Strike Concludes Successfully: The British maritime workers' strike ended with a significant victory for the strikers, who successfully negotiated and won most of their demands, marking an important moment in labor rights and workers' collective bargaining.
- 06 Jul Charles Flint acquires Computing-Tabulating-Recording Company: On July 6, 1911, Charles Flint, an American businessman, acquired the Computing-Tabulating-Recording Company, which later became IBM, marking a pivotal moment in the history of computing. source: ibm.com
- 10 Oct Kowloon-Canton Railway expansion: On October 10, 1911, the expansion of the Kowloon-Canton Railway was officially announced, enhancing transportation links in the region. This development played a crucial role in the economic growth and connectivity of Hong Kong and mainland China. source: britannica.com
- 11 Oct Italian Colonial Expansion in Tripoli: On October 11, 1911, Italian forces landed in Tripoli, Libya, marking the beginning of the Italo-Turkish War. This invasion led to Italy's colonization of Tripolitania and Cyrenaica. source: britannica.com
- 13 Oct Ford Motor Company Establishes UK Factory: On October 13, 1911, the Ford Motor Company established its first UK factory, marking a significant expansion of its operations outside the United States.
- 19 Oct Royal Mint sends coin dies to Ottawa: On October 19, 1911, the British Royal Mint dispatched the master dies for Canada's proposed silver dollar to its Ottawa branch. However, due to production delays and a change in government, the coin was never minted, making it one of Canada's rarest coins. source: canadiancoinnews.com
- 16 Dec Britain's National Health Insurance Act Passed: The National Insurance Act 1911 received royal assent on December 16, 1911. This legislation introduced a national system of health and unemployment insurance for workers in Great Britain, marking a significant step in the development of the modern welfare state. source: britannica.com
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