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Dow Jones Industrial Average
Economy of the United States
The Dow Jones Industrial Average / /, also called the Industrial Average, the Dow Jones, the Dow Jones Industrial, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The industrial average was first calculated on May 26, 1896. Currently owned by S&P Dow Jones Indices, which is majority owned by McGraw-Hill Financial, it is the most notable of the Dow Averages, of which the first (non-industrial) was first published on February 16, 1885. The averages are named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market. It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index. Since the divisor is currently less than one, the value of the index is larger than the sum of the component prices.
farming, forestry, and fishing: 0.7% manufacturing, extraction, transportation, and crafts: 20% managerial, professional, and technical]disambiguation needed[: 37% sales and office: 24% other services: 18% (2009)
Main data source: CIA World Fact Book
Geography of the United States
Akron // is the fifth largest city in the U.S. state of Ohio and is the county seat of Summit County. It is located in the Great Lakes region approximately 39 miles (63 km) south of Lake Erie along the Little Cuyahoga River. As of the 2010 census, the city had a population of 199,110. The Akron Metropolitan Statistical Area covers Summit and Portage counties, and in 2010 had a population of 703,200. Akron is also part of the larger Cleveland-Akron-Elyria Combined Statistical Area, which in 2010 had a population of 2,780,440.
Akron was co-founded in 1825 when suggested by Paul Williams to Simon Perkins. In 1833, "South" was temporarily added to the name when Eliakim Crosby settled a bordering North Akron. After Summit County formed from portions of Portage, Medina, and Stark counties in 1840, Akron succeeded Cuyahoga Falls as county seat a year later. The Akron School Law of 1847 created the K-12 system. In 1851, Sojourner Truth attended a convention and extemporaneously delivered the original "Ain't I a Woman?" speech. During the Civil War, Ferdinand Schumacher supplied the Union Army with oats produced by his mill along the Ohio Canal. Between the 1870s and World War I, numerous churches across the nation were built using the Akron Plan.
The United States is a country in the Northern Hemisphere, Western Hemisphere, and the Eastern Hemisphere. It consists of forty-eight contiguous states in North America, Alaska, a peninsula which forms the northwestern most part of North America, and Hawaii, an archipelago in the Pacific Ocean. There are several United States territories in the Pacific and Caribbean. The term "United States", when used in the geographical sense, means the continental United States, Alaska, Hawaii, Puerto Rico, Guam, and the Virgin Islands of the United States. The country shares land borders with Canada and Mexico and maritime (water) borders with Russia, Cuba, and the Bahamas in addition to Canada and Mexico.