Commercial & Financial Chronicle
Encyclopedia
The Commercial & Financial Chronicle was a business newspaper in the United States founded by William Buck Dana (1829–1910) in 1865. Published weekly, the Commercial & Financial Chronicle was deliberately modeled to be an American take on the popular business newspaper The Economist
, which had been founded in England in 1843. It was the first national business weekly in the United States.
The Commercial & Financial Chronicle continued the legacy begun by Hunt's Merchant's Magazine and Commercial Review, a monthly business magazine, which was founded in 1839 by Freeman Hunt but disappeared during the American Civil War
. They are together in many library collections. Dana continued as editor of the Chronicle until his death in 1910.
The Commercial & Financial Chronicle never had the large subscriber base or influence of The Wall Street Journal
or Barron's
. In 1872 its circulation was around 4,000 and reached 26,000 by 1922. Data from the publication is, however, used by many economic historians, as it is one of the few sources available. Douglas Steeples, Dana's biographer, wrote that "one can scarcely reconstruct the business history of the United States between the Civil War and 1910 without immersing oneself in his paper. Even the most important series of business statistics published by the U.S. government, Historical Statistics of the United States [...], depends heavily on his work and that of the correspondents worldwide who contributed to the Chronicle." The publication (little known or noticed at the time of its demise) ceased publication during the fall out of Black Monday
and the stock market troubles of 1987.
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, which had been founded in England in 1843. It was the first national business weekly in the United States.
The Commercial & Financial Chronicle continued the legacy begun by Hunt's Merchant's Magazine and Commercial Review, a monthly business magazine, which was founded in 1839 by Freeman Hunt but disappeared during the American Civil War
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
. They are together in many library collections. Dana continued as editor of the Chronicle until his death in 1910.
The Commercial & Financial Chronicle never had the large subscriber base or influence of The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
or Barron's
Barron's Magazine
Barron's is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. Each issue provides a wrap-up of the previous week's market activity, news reports, and an informative outlook on the week to come....
. In 1872 its circulation was around 4,000 and reached 26,000 by 1922. Data from the publication is, however, used by many economic historians, as it is one of the few sources available. Douglas Steeples, Dana's biographer, wrote that "one can scarcely reconstruct the business history of the United States between the Civil War and 1910 without immersing oneself in his paper. Even the most important series of business statistics published by the U.S. government, Historical Statistics of the United States [...], depends heavily on his work and that of the correspondents worldwide who contributed to the Chronicle." The publication (little known or noticed at the time of its demise) ceased publication during the fall out of Black Monday
Black Monday (1987)
In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin...
and the stock market troubles of 1987.