1920 Economy & Business Events — Verified Historical Highlights
1920 Economy & Business Events — Verified Historical Highlights | TakeMeBack.to
- 08 Jan Great Steel Strike of 1919 concludes: The Great Steel Strike, which began in 1919, concluded on January 8, 1920, after significant labor unrest in the steel industry. The strike was marked by demands for better wages and working conditions, reflecting broader labor movements of the time. source: history.com
- 10 Jan Silver Price Milestone: Silver reached a record price of $1.37 per ounce, reflecting the economic conditions and commodity market dynamics of the early 1920s.
- 26 Jan Lincoln Motor Company reorganization into automobile manufacturing: On January 26, 1920, Lincoln Motor Company, originally established in 1917 for aircraft engine production, reorganized its Detroit factory to produce automobiles, marking its entry into the luxury car market. source: en.wikipedia.org
- 01 Feb Soviet Russia authorizes international trade: On February 1, 1920, Soviet Russia officially authorized international trade, marking a significant shift in its economic policy. This decision aimed to stabilize the economy post-revolution and foster foreign relations. source: britannica.com
- 11 Feb British Coal Mine Nationalization Rejected: The British House of Commons voted against a resolution to nationalize the country's coal mines, reflecting the ongoing economic and political debates about industrial ownership and management in the early 20th century.
- 12 Feb Rotterdam and Amsterdam harbor workers strike: On February 12, 1920, workers in the harbors of Rotterdam and Amsterdam went on strike to demand better working conditions and wages. This strike was part of a larger wave of labor unrest in post-World War I Europe. source: britannica.com
- 15 Feb Richard O'Brien appointed CEO of Manpower Services Commission: On February 15, 1920, Richard O'Brien was appointed as the CEO of the Manpower Services Commission in the UK. His leadership was pivotal in addressing labor market challenges in the post-war economy. source: theguardian.com
- 24 Feb US Railroad Administration Returns Control: The United States Railroad Administration returns control of American railroads to their constituent railroad companies, marking the end of wartime government management of transportation infrastructure.
- 01 May Belgian-Luxembourg Toll Tunnel Inaugurated: A new toll tunnel connecting Belgium and Luxembourg was officially opened, representing an important infrastructure development in European transportation during the early 20th century.
- 03 May French Labor Strikes Escalate: French dock workers and coal miners initiated a nationwide strike, joining ongoing railroad worker protests and demonstrating significant labor unrest in early 20th century France.
- 31 May Belgian-Luxembourg Toll Tunnel inauguration: On May 31, 1920, the Belgian-Luxembourg Toll Tunnel was inaugurated, marking a significant development in European infrastructure by facilitating road transport between Belgium and Luxembourg. source: en.wikipedia.org
- 05 Jun Bank of Italy Headquarters Construction Milestone: A significant construction milestone occurred with the driving of the first rivet at the Bank of Italy headquarters located at 1 Powell Street, marking the beginning of an important architectural project in San Francisco during the early 1920s.
- 10 Jun Federal Water Power Act signed: On June 10, 1920, the Federal Water Power Act was signed into law. This legislation aimed to regulate the development and use of water resources for power generation, marking a significant step in federal oversight of natural resources. source: en.wikipedia.org
- 22 Jun Charles Strite files patent for pop-up toaster: On June 22, 1920, Charles Strite filed a patent application for the pop-up toaster, aiming to improve the toasting process by automatically ejecting the toast when done. source: thegazette.com
- 17 Aug Labor unrest in the United States: On August 17, 1920, labor unrest was widespread in the United States, with strikes and protests occurring in various industries. This unrest was part of a larger wave of labor movements seeking better working conditions and wages post-World War I. source: britannica.com
- 08 Sep First transcontinental air mail service in the United States: On September 8, 1920, the U.S. Post Office Department inaugurated the first transcontinental air mail service, connecting New York and San Francisco, marking a significant advancement in mail delivery. source: postalmuseum.si.edu
- 04 Oct Fire damages SS Bismarck during construction: On October 4, 1920, the SS Bismarck, an ocean liner under construction, was severely damaged by a fire while fitting out at the shipyard. Sabotage by shipyard workers was suspected. source: en.wikipedia.org
- 07 Oct 1920 US Population Census reveals national demographics: The 1920 United States Census, conducted on January 1, 1920, recorded a population of 106,021,537, marking a 15% increase from 1910. This census highlighted significant urbanization, with over 50% of the population now living in urban areas. source: census.gov
- 16 Nov First postage stamp meter installed in Stamford, Connecticut: On November 16, 1920, the first postage stamp meter was installed in Stamford, Connecticut. This innovation allowed for the automatic printing of postage, streamlining the mailing process. The introduction of postage meters marked a significant advancement in postal technology. source: postalmuseum.si.edu
- 22 Nov DuPont's strategic acquisition of General Motors: On November 22, 1920, DuPont announced its acquisition of a significant stake in General Motors, marking a pivotal moment in corporate America. This acquisition allowed DuPont to expand its influence in the automotive industry. source: nytimes.com
- 17 Dec First US postage stamps without country name: On December 17, 1920, the United States issued its first postage stamps that did not include the country name. This change marked a significant evolution in stamp design and postal services. The stamps were part of a broader trend towards modernizing postal communication. source: usps.com
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