what is the oldest company in the dow jones index
Dow Jones Industrial Average The components of the DJIA have changed 51 times since its beginning in May 26, 1896. General Electric has had the longest continuous presence on the index, beginning in 1907. More recent changes to the index include the following:
National Association of Manufacturers NAM was founded by Thomas P. Egan, late President of the Cincinnati Chamber of Commerce and head of the J.A. Fay and Egan Co., woodworking and machinery company, not long after reading an editorial in the magazine "Dixie," out of Atlanta, Georgia, during the depression of 1894. This editorial urged the manufacturers of the time to organize and work together to improve business conditions nationally. Under Egan's leadership, organization began, and a group was created; they called themselves the "Big 50"; he invited them, and asked them to invite others, to Cincinnati. On Jan 25, 1895, in the Oddfellows Temple, where 583 manufacturers attended, NAM was created.[9] "The U.S. was in the midst of a deep recession and many of the nation's manufacturers saw a strong need to export their products in other countries. One of the NAM's earliest efforts was to call for the creation of the U.S. Department of Commerce".[10] The organization's first president was Thomas Dolan of Philadelphia [11] (not, as erroneously listed in some sources, Samuel P. Bush).