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On this day: March 18

POSTED: 10:41 PM PDT Mar 12, 2013    UPDATED: 11:00 PM PDT Mar 17, 2014 

Britain repeals the Stamp Act, Lord Stanley announces plans for a hockey cup, a cosmonaut goes for the first space walk, and OPEC ends its oil embargo against the United States, all on this day.

OTD March 18 - American Express
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Public domain

1850: American Express is founded as a joint stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company). The company was originally an express mail business. Its founders also started Wells Fargo & Co. in 1852 when Butterfield and other directors objected to expanding American Express' operations to California.

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