Part one of term paper
At the tail end of the 19th century, boasting a list of business contacts made reporting on gold and silver prospecting in a Colorado mining town called Leadville, Charles Dow left the frontier for the nation's financial hub, New York City. He found a job at the Kiernan News Agency, a service that distributed handwritten business news to bank ...

Part two of term paper
... publication, a daily two-page financial news bulletin called the Customer's Afternoon Letter, a more lasting appellation: The Wall Street Journal. But "Bergstresser" was deemed too long to be included in the company's name, and so when Dow invented his stock index 14 years later, he wasn't compelled to name it the Dow Jones Bergstresser Industrial Average. Dow had created a stock average based on eleven companies for the Letter , but his average almost entirely comprised railroad companies. For ...