Today In Business History May 11th 2023

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I’m happy to provide you with some historical events that took place on May 11th related to business:

  • 1858: Minnesota becomes the 32nd state of the United States, opening up new business opportunities in the region.
  • 1910: Glacier National Park in Montana is established, boosting tourism and creating new business opportunities in the area.
  • 1934: The Dust Bowl, a severe environmental disaster in the Great Plains region of the United States, leads to massive agricultural losses and business disruptions.
  • 1960: Israeli secret agents capture Nazi war criminal Adolf Eichmann in Argentina, bringing him to trial and serving as a reminder of the atrocities committed during World War II.
  • 1987: Klaus Barbie, a former Nazi officer known as the “Butcher of Lyon,” goes on trial in France for crimes against humanity committed during World War II.
  • 1997: IBM’s Deep Blue computer defeats world chess champion Garry Kasparov in a six-game match, demonstrating the increasing capabilities of artificial intelligence.
  • 2012: Facebook goes public in one of the largest initial public offerings (IPOs) in history, with a valuation of $104 billion. The company’s stock price initially rises but ultimately falls in the following months.