Barron's

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“What we want is confidence,” Clarence Barron wrote in this magazine’s first issue, dated May 9, 1921, near the nadir of the postwar recession. Over the next century, the stock market—represented here by the Dow Jones Industrial Average —would expand by magnitudes as the U.S. became the world’s leading economic power. But it wasn’t a straight line upward. The 1929 Crash gave back all the Roaring ’20s’ gains and plunged the nation into the Great Depression. More crashes and recessions followed. War and disease rocked the market. But always it roared back—never faster than after the Covid-19 pandemic. We look to the next century, with confidence.

Joined index: Corn Products, American Tobacco, Du Pont, Mack Trucks, Sears Roebuck, Standard Oil of Calif., Woolworth, General Motors, International Harvester, Kennecott, Texaco, U.S. Realty, Allied Chemical, Paramount Famous Laskey, Remington Typewriter, United Drug, Atlantic Refining, Bethlehem Steel, Chrysler, General Railway Signal, Goodrich, International Nickel, Nash Motors, North American, Postum, RCA, Standard Oil (N.J.), Texas Gulf Sulphur, Union Carbide, Victor Talking Machine, Westinghouse, Wright Aeronautical, National Cash Register, Curtiss-Wright

Left index: American Beet Sugar, Corn Products, Central Leather, Goodrich, Texaco, Utah Copper, Republic Iron & Steel, Anaconda Copper, Baldwin Locomotive, Du Pont, Standard Oil of Calif., Studebaker, U.S. Realty, Westinghouse, Kennecott, Remington Typewriter, American Car & Foundry, American Locomotive, AT&T, United Drug, U.S. Rubber, Western Union, Victor, Wright Aeronautical

WORLD EVENTS

Aug. 24, 1921: Roaring ‘20s bull market starts

May 21, 1927: Lindbergh crosses Atlantic

Oct. 24, 1929: Black Thursday

COMPANIES FOUNDED

1923: Walt Disney

1927: Marriott

1927: PanAm

BARRON’S

May 9, 1921: Barron’s first issue

Oct. 2, 1928: Clarence W. Barron dies

Joined index: Johns-Mansville, Borden, Eastman Kodak, Goodyear, Liggett & Myers, Standard Oil of Calif., United Air Transport, Hudson Motor, American Tobacco, Drug Inc., Procter & Gamble, Loews, Nash Motors, International Shoe, IBM, Coca-Cola, Corn Products Refining, United Air Transport, National Distillers, Du Pont, National Steel, United Aircraft, AT&T

Left index: North American, American Sugar, American Tobacco, Atlantic Refining, General Railway Signal, Goodrich, Nash Motors, Curtiss-Wright, Liggett & Myers, Mack Trucks, United Air Transport, Paramount Publix, RCA, Texas Gulf Sulphur, National Cash Register, Hudson Motor, Drug Inc., International Shoe, United Air Transport, Borden, Coca-Cola, Nash Kelvinator, IBM

WORLD EVENTS

July 8, 1932: Depression low

Dec. 5, 1933: End of Prohibition

Sept. 1, 1939: Germany invades Poland

COMPANIES FOUNDED

1935: Morgan Stanley

1939: Hewlett-Packard

Joined index: None

Left index: None

WORLD EVENTS

Dec. 7, 1941: Pearl Harbor attack

July 22, 1944: Bretton Woods agreement

Aug. 6, 1945: Hiroshima nuclear attack

April 3, 1948: Marshall Plan

Oct. 1, 1949: People’s Republic of China

COMPANIES FOUNDED

1940: McDonald’s

1946: Tupperware

1948: Dick’s Sporting Goods

1948: Toys ‘R’ Us

Joined index: International Paper, Anaconda, Swift & Co., Aluminum Co. of America, Owens-Illinois

Left index: Loews, American Smelting, Corn Products Refining, National Steel, National Distillers

WORLD EVENTS

June 25, 1950: N. Korea invades S. Korea

June 29, 1956: Interstate Highway Act

Oct. 4, 1957: USSR launches Sputnik

Sept. 18, 1958: Bank of America’s first credit card

COMPANIES FOUNDED

1950: Dunkin’ Donuts

1952: Holiday Inn

1958: Pizza Hut

1959: Family Dollar

BARRON’S

Dec. 8, 1954: Robert M. Bleiberg named editor

Joined index: None

Left index: None

WORLD EVENTS

July 10, 1962: Telstar satellite launched

July 30, 1965: Medicare

Jan. 30, 1968: N. Vietnam’s Tet offensive

July 20, 1969: Apollo 11 moon landing

COMPANIES FOUNDED

1962: Wal-Mart

1963: CVS

1967: Southwest Airlines

1968: Intel

1969: Gap

BARRON’S

Jan. 24, 1966: First Up & Down Wall Street column

Joined index: Minnesota Mining & Manufacturing, IBM, Merck

Left index: Anaconda, Chrysler, Esmark

WORLD EVENTS

Nov. 29, 1972: Atari releases arcade game Pong

Oct. 17, 1973: OPEC oil embargo starts

May 1, 1975: SEC ends fixed broker commissions

Aug. 31, 1976: John Bogle launches first index fund

COMPANIES FOUNDED

1971: Charles Schwab

1971: Nasdaq

1971: Pimco

1971: Starbucks

1974: Harvard University Endowment

1975: Microsoft

1976: Apple

BARRON’S

July 1, 1974: H.J. Nelson’s last The Trader column after 53 years

Joined index: American Express, “New” AT&T, Philip Morris, McDonald’s, Coca-Cola, Boeing, “New” Primerica

Left index: Manville, “Old” AT&T, General Foods, American Brands, Owens-Illinois, Inco, “Old” Primerica

WORLD EVENTS

Jan. 7, 1980: Chrysler bailout

Sept. 30, 1981: Treasury 10-year note yields 15.84%

Jan. 1, 1984: AT&T breakup

April 23, 1985: New Coke introduced

Oct. 19, 1987: Black Monday

Nov. 9, 1989: Berlin Wall falls

COMPANIES FOUNDED

1980: News Corp

1981: Bloomberg

1984: GameStop

1985: Blackstone

1985: Blockbuster

1986: PetSmart

BARRON’S

Nov. 16, 1981: Alan Abelson named editor

Joined index: Caterpillar, Walt Disney, J.P. Morgan, Travelers, Hewlett-Packard, Johnson & Johnson, Wal-Mart, Microsoft, Intel, SBC Communications, Home Depot

Left index: Navistar, USX, Primerica, Westinghouse, Texaco, Bethlehem Steel, Woolworth, Chevron, Goodyear, Union Carbide, Sears Roebuck

WORLD EVENTS

Aug. 2, 1990: Persian Gulf War

Dec. 26, 1991: Soviet Union dissolved

Feb. 7, 1992: European Union created

Jan, 1, 1995: WTO established

Sept. 23, 1998: Long-Term Capital Management bailout

COMPANIES FOUNDED

1994: Amazon.com

1997: Netflix

1998: Google

1998: PayPal

1999: Segway

BARRON’S

July 4, 1998: Barrons.com goes live

Joined index: JPMorgan Chase, American International Group, Pfizer, Verizon Communications, Bank of America, Chevron, Kraft, Travelers, Cisco Systems

Left index: J.P. Morgan, AT&T, Eastman Kodak, International Paper, Altria, Honeywell, AIG, Citigroup, General Motors

WORLD EVENTS

Sept. 11, 2001: Twin Towers, Pentagon attacks

Jun 29, 2007: Apple iPhone released

Sept. 15, 2008: Lehman Brothers bankruptcy

Nov. 26, 2008: Fed begins quantitative easing

Jan. 3, 2009: Bitcoin starting block minted

COMPANIES FOUNDED

2002: SpaceX

2004: Grubhub

2005: YouTube

2009: Uber

Joined index: UnitedHealth, Goldman Sachs, Visa, Nike, Apple, Dow DuPont, Walgreens Boots Alliance, Dow Inc.

Left index: Kraft, Bank of America, Hewlett Packard, Alcoa, AT&T, Du Pont, General Electric, DowDuPont

WORLD EVENTS

Feb. 19, 2020: End second-longest bull market ever (11 years)

March 23, 2020: End shortest bear market ever (33 days)

Karen Karniol-Tambour, co-chief investment officer for sustainability at Bridgewater Associates; Tom Slater, head of U.S. equities and portfolio manager of the U.S. equity and long term global growth funds at Baillie Gifford; and Jerry Yang, founding partner of AME Cloud Ventures and co-founder of Yahoo discussed the future of finance in a special Barron’s Roundtable event.

Email: editors@barrons.com