meta_pixel
Tapesearch Logo
Log in
History Daily

The First-Ever Dow Jones Industrial Average

History Daily

History Daily

History

4.42.5K Ratings

🗓️ 26 May 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

May 26, 1896. In the aftermath of a financial crisis, the Wall Street Journal begins printing the Dow Jones Industrial Average, the nation’s oldest market index still in use today. This episode originally aired in 2022.


  • Support the show! Join Into History for ad-free listening and more.


History Daily is a co-production of Airship and Noiser.

Go to HistoryDaily.com for more history, daily.

Transcript

Click on a timestamp to play from that location

0:00.0

There are more ways than ever to listen to History Daily ad-free.

0:04.1

Listen with Wondry Plus in the Wondry app.

0:06.0

As a member of NoisorPlus at noisor.com or in Apple Podcasts,

0:10.5

or you can get all of History Daily plus other fantastic history podcasts at IntoHistory.com.

0:27.6

It's May 3, 1893 on Wall Street.

0:33.8

Inside his company's headquarters, reporter and co-founder of the Wall Street Journal, Charles Dow,

0:36.8

opens the door to his office and takes a seat behind his desk.

0:42.1

Charles sighs as he takes a look at the enormous pile of financial reports littering his desk.

0:47.6

He sifted through the papers, trying to identify the financial activities that his readers want to know about.

0:53.2

But as Charles begins analyzing the reports, his office telephone starts to ring.

0:55.4

Unwilling to distract himself from the work at hand, Charles ignores the call until the ringing stops. But then Charles hears the telephone

1:01.0

in the newsroom outside his office begin to ring. Then another and another. Soon it sounds like

1:07.9

every phone in the building is ringing off its hook. Charles rises from his desk and walks to his door.

1:13.6

As he opens it, he's struck by the chaos of the newsroom.

1:16.6

All around him, reporters are on the phone, feverishly filling their notepads.

1:21.6

Charles hears his office phone ring again, and this time he rushes to pick it up.

1:26.6

Charles has met with a voice of one of

1:28.6

his Wall Street contacts, giving him a staggering update. The stock market is crashing. For months,

1:36.8

there had been growing fear among Americans that an economic recession was on the horizon. On May 3rd,

1:42.5

1893, the panic finally struck Wall Street when a massive

1:46.3

sell-off sent share prices tumbling. The next day, the National Courage Company, a leading manufacturer

1:52.1

and Wall Street favorite, declares bankruptcy. Already rattled by the recent demise of one of the

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from History Daily, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of History Daily and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.