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Henry Wells and William Fargo launch American Express to solve the chaotic probl
Featured Event 1850 Event

March 18

Wells and Fargo Found American Express

Henry Wells and William Fargo launch American Express to solve the chaotic problem of moving money across a rapidly expanding United States without relying on unreliable local banks. Their creation of a standardized letter of credit system instantly enabled secure transactions for travelers and businesses, laying the financial groundwork for modern global commerce.

March 18, 1850

176 years ago

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