This Month in…

November 2000
Journal of Financial Planning;Nov2000, Vol. 13 Issue 11, p31
Academic Journal
The article reports on global developments related to financial conditions. In 1494, Charles VIII of France has invaded Florence, Italy, ending the financial reign of the Medici family, considered to be the first great private fortune. In 1879, James Ritty has been awarded a patent for the cash register. In 1923, the German mark has reached a post-World War I low of 4.2 trillion marks to the dollar, which requires 1,783 printing presses running continuously. In 1972, the Dow Jones industrial average has closed above 1000 for the first time.


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