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October.(past accounts)

Business Credit

| October 01, 2007 | Blaum, Samantha | COPYRIGHT 2007 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

110 years ago ... The first use of the word "computer," meaning an electronic calculation device, was in 1897--just one year after NACM was founded.

100 years ago ... On October 24, 1907, a major American financial crisis was prevented when J.P. Morgan, E.H. Harriman, James Stillman, Henry Clay Frick and other Wall Street financiers created a $25 million pool to invest in the plunging New York Stock Exchange, ending the Bank Panic of 1907.

60 years ago ... The General Agreement on Tariffs and Trade (GATT), the foundation of the World Trade Organization, was founded on October 30, 1947.

25 years ago ... Sony debuted the first consumer compact disc player on October 1, 1982 in ...

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Source: HighBeam Research, October.(past accounts)

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