The Promulgation of the 1921 Railways Law, the Start of the August Coup in the USSR in 1991, and Google’s Stock Market Debut on the NASDAQ in 2004: Economic Milestones of August 19
On August 19, three significant economic milestones are commemorated worldwide. In 1921, the Railways Law was enacted in the United Kingdom, consolidating more than 120 railway companies into four large corporations, setting a precedent for corporate mergers and state tariff regulation. In 1991, the coup attempt in the USSR caused volatility in global markets, driving up oil and gold prices, and accelerating the dissolution of the Soviet Union and the economic transition of the Eastern Bloc. Finally, in 2004, Google Inc. began trading on the NASDAQ, with an opening price of $100.01, consolidating the trading model for technology shares and the analysis of multiples on intangible assets.
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