Events in Time Anniversaries: December 2020

25 years ago: December 1995

S&P 500: 615.93 (vs. 3694.62 in 12/2020)

10-year U.S. Government Bond Yield: 5.58% (vs. 0.92% in 12/2020)

Gold: $387.00 (vs. $1831.15 in 12/2020)

Oil: $19.54 (vs. $40.84 in 12/2020)

GBP/USD: 1.55 (vs. 1.3317 in 12/2020)

US GDP: $7,683 billion (vs. $21,157 billion in 09/2020)

US Population: 266 million (vs. 331 million in 2020)

12/05/1995: The Sri Lankan government announces the conquest of the Tamil stronghold of Jaffna.

12/07/1995: Clinton looks to raise revenue through changes in corporate tax laws, such as eliminating 100-year bonds. The Galileo spacecraft arrives at Jupiter, a little more than six years after it was launched by Space Shuttle Atlantis during Mission STS-34.

12/13/1995: The Dow Jones Industrials cross 5200 and set their 69th record of the year, closing at 5216.47, up 41.55.

12/14/1995: The Dayton Agreement is signed in Paris by the leaders of the Federal Republic of Yugoslavia, Croatia, and Bosnia and Herzegovina.

12/19/1995: The Federal Reserve cuts short-term interest rates by a quarter percentage point, citing favorable inflation trends. American Airlines Flight 965, a Boeing 757, crashes into a mountain 50km north of Cali, Colombia killing 159.

12/26/1995: Congress overrides Clinton's veto of a bill curbing securities-fraud lawsuits against companies. S&P lowers the debt ratings on four of Japan's strongest money-center banks.

 

50 years ago: December 1970

S&P 500: 92.15 (vs. 3694.62 in 12/2020)

10-year U.S. Government Bond Yield: 6.50% (vs. 0.92% in 12/2020)

Gold: $37.375 (vs. $1831.15 in 12/2020)

Oil: $3.41 (vs. $40.84 in 12/2020)

GBP/USD: 2.3938 (vs. 1.3317 in 12/2020)

US GDP: $1,086 billion (vs. $21,157 billion in 09/2020)

US Population: 209 million (vs. 331 million in 2020)

12/01/1970: Luis Echeverria became President of Mexico

12/02/1970: The United States Environmental Protection Agency begins operations.

12/07/1970: Pakistani general election, 1970 were held on 7 December 1970, although the polls in East Pakistan, originally scheduled for October, were delayed by disastrous floods and rescheduled for later in December and January 1971.

12/09/1970: OPEC meeting in Caracas establishes 55 percent as minimum tax rate and demands that posted prices be changed to reflect changes in foreign exchange rates.

12/10/1970: Indicated end to abortive rail strike enabled resumption of uptrend, with DJI at new high closing for year.

12/15/1970: The South Korean ferry Namyong Ho capsizes in the Korea Strait, killing over 300 people. Soviet spacecraft Venera 7successfully lands on Venus. It is the first successful soft landing on another planet

12/23/1970: The North Tower of the World Trade Center in Manhattan, New York, New York is topped out at 1,368 feet (417m), making it the tallest building in the world.

12/30/1970: Nixon signed Securities Investor Protection Act of 1970 into law.

 

100 years ago: December 1920

S&P 500: 6.8118 (vs. 3694.62 in 12/2020)

10-year U.S. Government Bond Yield: 5.40% (vs. 0.92% in 12/2020)

Gold: $20.67 (vs. $1831.15 in 12/2020)

Oil: $6.10 (vs. $40.84 in 12/2020)

GBP/USD: 3.525 (vs. 1.3317 in 12/2020)

US GDP: $84 billion (vs. $21,157 billion in 09/2020)

US Population: 106.46 million (vs. 329 million in 2020)

12/01/1920: J.P. Morgan & Co. buys control of GM ($80 million). Durant resigned as General Motors' president. Alvaro Obregon (Mexican Laborist) became President of Mexico

12/02/1920: Following more than a month of Turkish-Armenian War, the Turkish dictated Treaty of Alexandropolis concluded.

12/09/1920: Michael Hainisch (Non-Partisan) became President of Austria

12/11/1920: In retaliation for an IRA ambush, British forces burn and loot numerous buildings in Cork city. Many civilians also reported being beaten, shot at, robbed and verbally abused by British forces.

12/16/1970: The Haiyuan earthquake, magnitude 8.5, rocks the Gansu province in China, killing an estimated 200,000.

12/19/1920: King Constantine I is restored as King of the Hellenes after the death of his son Alexander of Greece and a plebiscite.

12/21/1920: Ford slashed prices of the Model T from $575 to $440,

12/22/1920: The GOELRO economic development plan is adopted by the 8th Congress of Soviets of the Russian SFSR.

 

200 years ago: December 1820

S&P 500/GFD US-100: 1.654 (vs. 3694.62 in 12/2020)

10-year U.S. Government Bond Yield: 4.317% (vs. 0.92% in 12/2020)

Gold: $19.39 (vs. $1831.15 in 12/2020)

GBP/USD: 4.6232 (vs. 1.3317 in 12/2020)

US GDP: $727 million (vs. $21,157 billion in 09/2020)

US Population: 9.6 million (vs. 331 million in 2020)

12/31/1820: The Columbian College, under the Baptists, founded at Washington, D.C

 

 

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