Charles H. Dow and Edward D. Jones formed Dow Jones & Co. in 1882.
Charles Dow developed the first average of U.S. stock prices in 1884. It consisted mainly of railroad companies, the "growth stocks" of that era. This index would eventually evolve into the Transportation Average that we know today. Locomotive 1898
At the turn of the century, the new infrastructures consisted of railroad, shipping and telegraph lines. These were the strongest areas of growth.

To Be Continued

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