Part one of term paper
Dow Jones & Company was founded in 1882 by Charles Dow, Edward Jones and Charles Bergstresser. The Dow Jones Industrial Average is now the world's most vital business and financial news and information service. The DJIA is an index of 30 "blue-chip" US stocks. The Dow Jones Industrial Average tracks the stock performances of about one percen ...

Part two of term paper
... historical continuity. The DJIA is the best-known market indicator in the world because it is old enough that many generations of investors have become accustomed to quoting it, and because the US stock market is the globe's biggest market index. Originally, Charles H. Dow simply added up the prices of the stocks in his average and divided by the number of stocks. But over time the divisor has been changed to preserve historical continuity. If the Dow were an average,as it once was,it woul ...