On this day: March 18

Published On: Mar 13 2013 12:41:58 AM CDT   Updated On: Mar 18 2014 01:00:00 AM CDT

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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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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