141-626: Caterpillar Inc. , also known as Cat , is an American construction, mining and other engineering equipment manufacturer. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average . Caterpillar Inc. traces its origins to
282-496: A day. They also transitioned from fuel sources such as coal and wood to gas, and used electricity to operate machinery rather than horsepower. Although brick manufacturing ceased in 1982, the company has diversified its offerings in accordance with community needs. Now, they offer a wide variety of masonry and landscaping materials and have a much broader customer-base. Tom said, "Approximately 40 percent of our sales come from landscaping. You have to have diversity in order to stay with
423-637: A factor, which is approximately 0.163 as of November 2024 . The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split. First calculated on May 26, 1896, the index is the second-oldest among U.S. market indices, after the Dow Jones Transportation Average . It was created by Charles Dow , co-founder of both The Wall Street Journal and Dow Jones & Company , and named after him and his business associate, statistician Edward Jones . The index
564-537: A larger collection of media than previous libraries. The library opened to the public on November 1, 2013. The library shares an atrium called the Civic Complex with East Peoria City Hall, which was built on other side in 2015. The library has a circulation department and children's department on the first floor, while adult services, reference, and local history are on the second. In addition, there are public computers and several study rooms available for use on
705-469: A line of clothing and workwear boots under its Cat / Caterpillar name. Additionally, the company licensed the Cat phone brand of toughened mobile phones and rugged smartphones from 2012 to 2024. Caterpillar machinery and other company-branded products are recognizable by their trademark "Caterpillar Yellow" livery and the "CAT" logo. The company traces its roots to the steam tractor machines manufactured by
846-429: A list of some 400 products for purchase through its dealer network. Caterpillar's line of machines range from tracked tractors to hydraulic excavators , backhoe loaders , motor graders , off-highway trucks, wheel loaders , agricultural tractors , and locomotives. Caterpillar machinery is used in the construction, road-building , mining, forestry , energy, transportation, and material-handling industries. Caterpillar
987-481: A margin of 16,870-8,421. The educational district, Community College District #514, would become Illinois Central College by November 10, 1966. In the autumn of 1967 the college's first semester started, with Dr. Kenneth L. Edwards as president, 56 full-time faculty employed, and 2,486 students enrolled. In the 1970s, student enrollment increased to 9,000 and the college expanded its services to include an academic and business program oriented campus in downtown Peoria. By
1128-420: A more engaging place for citizens to visit since 2018. The plan consists of three phases, with the first phase dedicating a reading garden to the library, and the second phase involving the installation of outdoor restrooms and utility lines. The city plans to add a splashpad and a sheltered amphitheater as part of the third and final phase. The project has been entirely funded by grants and donations. A portion of
1269-471: A much higher-priced stock, even though the lower-priced stock experienced a larger percentage change. In addition, a $ 1 move in the smallest component of the DJIA has the same effect as a $ 1 move in the largest component of the average. For example, during September–October 2008, former component AIG 's reverse split-adjusted stock price collapsed from $ 22.76 on September 8 to $ 1.35 on October 27; contributing to
1410-516: A negative return during most of the 1930s for new and old stock market investors. For the decade, the Dow Jones average was down from 248.48 at the beginning of 1930, to a stable level of 150.24 at the end of 1939, a loss of about 40%. Post-war reconstruction during the 1940s, along with renewed optimism of peace and prosperity, brought about a 33% surge in the Dow from 150.24 to 200.13. The strength in
1551-430: A number of contractual , trademark , and patent infringement lawsuits. Harry H. Fair of the bond brokerage house of Pierce, Fair & Company of San Francisco had helped to finance C. L. Best's debt and Holt shareholders approached him about their company's financial difficulty. Fair recommended that the two companies should merge. In April and May 1925, the financially stronger C. L. Best merged with
SECTION 10
#17327872072331692-548: A range between 53 and 103 until late 1914. The negativity surrounding the 1906 San Francisco earthquake did little to improve the economic climate; the index broke 100 for the first time in 1906. At the start of the 1910s, the Panic of 1910–1911 stifled economic growth. On July 30, 1914, as the average stood at a level of 71.42, a decision was made to close the New York Stock Exchange , and suspend trading for
1833-509: A range of applications where the operator of the machine benefits from having accurate horizontal and vertical guidance. CTCT is based in Dayton, Ohio , and started its operations on April 1, 2002. Caterpillar introduced the Challenger range of agricultural tractors as the result of several development programs over a long period of time. The program started in the 1970s and involved both
1974-541: A record Warren Buffett called "a wonderful century"; when he calculated that to achieve that return again, the index would need to close at about 2,000,000 by December 2099. On September 17, 2001, the first day of trading after the September 11 attacks on the United States, the Dow fell 7.1%. However, the Dow began an upward trend shortly after the attacks, and regained all lost ground to close above 10,000 for
2115-407: A roughly 3,000-point drop in the index. As of June 2021, Goldman Sachs and UnitedHealth Group are among the highest-priced stocks in the average and therefore have the greatest influence on it. Alternately, Cisco Systems and Coca-Cola are among the lowest-priced stocks in the average and have the least sway in the price movement. Critics of the DJIA and most securities professionals recommend
2256-619: A saw mill, a cording mill, and a portion of the Peoria & Oquawka Railroad. By 1857, the Peoria & Oquawka Railroad was completed as far east as Chenoa, and the town received and sent farm products by rail. In February 1864, an additional plat of land was laid out for a town named "Bluetown" by William C. Cleveland, who was the Tazewell County Surveyor. This plat showed four streets: Peoria Street, Bloomington Street, Vine Street, and Sycamore Street. The petition for this plat
2397-456: A set of wooden tracks bolted to chains. On Thanksgiving Day, November 24, 1904, he successfully tested the updated machine plowing the soggy delta land of Roberts Island . Contemporaneously, Richard Hornsby & Sons in Grantham, Lincolnshire, England, developed a steel plate-tracked vehicle, which it patented in 1904. This tractor was the first to be steered using differential braking of
2538-635: A span of four and a half months. Some historians believe the exchange was closed because of a concern that markets would plunge as a result of panic over the onset of World War I . An alternative explanation is that the United States Secretary of the Treasury , William Gibbs McAdoo , closed the exchange to conserve the U.S. gold stock in order to launch the Federal Reserve System later that year, with enough gold to keep
2679-580: A state (which happened December 18, 1818), William Blanchard and three other men (Charles Sargeant, Theodore Sargeant, and David Barnes) crossed Fort Clark (located in Peoria) to the eastern side of the Illinois River. The land here was a swampy floodplain; nevertheless, they made their claim on the land and built huts, growing corn and tomatoes in the fertile soil. This settlement was originally named "Fondulac Township", with fondulac meaning "bottom of
2820-463: A time of economic uncertainty and troubled relations between the U.S. and certain Middle-Eastern countries. The 1970s energy crisis was a prelude to a disastrous economic climate along with stagflation , the combination of high unemployment and high inflation. However, on November 14, 1972, the average closed at 1,003.16, above the 1,000 mark for the first time, during a brief relief rally in
2961-482: A track frame measured 30 inches (760 mm) high by 42 inches (1,100 mm) wide and were 9 feet (2.7 m) long. The tracks were 3 inches (76 mm) by 4 inches (100 mm) redwood slats. Holt received the first patent for a practical continuous track for use with a tractor on December 7, 1907, for his improved "Traction Engine" ("improvement in vehicles, and especially of the traction engine class; and included endless traveling platform supports upon which
SECTION 20
#17327872072333102-431: A tractor 46 feet (14 m) wide, but this also made the tractors increasingly complex, expensive, and difficult to maintain. Another solution considered was to lay a temporary plank road ahead of the steam tractor, but this was time-consuming, expensive, and interfered with earthmoving. Holt thought of wrapping the planks around the wheels. He replaced the wheels on a 40 horsepower (30 kW) Holt steamer, No. 77, with
3243-529: Is computed as the sum of the prices of all thirty stocks divided by a divisor , the Dow Divisor. The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. Early on, the initial divisor was composed of the original number of component companies; this initially made the DJIA a simple arithmetic average. The present divisor, after many adjustments,
3384-616: Is land and 1.73 square miles (4.48 km ) (or 9.87%) is water. Within East Peoria, there are 22,484 people, 9,658 households, and 5,975 families residing in the city. The population density is 1,101.6 inhabitants per square mile (425.3/km ). There are 10,804 housing units. The racial makeup of the city is 90% White , 1.6% African American , 0.25% Native American or Alaska Native, 0.97% Asian , 0.07% Pacific Islander or Native Hawaiian, 1.1% from other races , and 6% from two or more races. Hispanic or Latino of any race are 2.2% of
3525-468: Is less than one, making the index larger than the sum of the prices of the components. That is: where p are the prices of the component stocks and d is the Dow Divisor . Events such as stock splits or changes in the list of the companies composing the index alter the sum of the component prices. In these cases, in order to avoid discontinuity in the index, the Dow Divisor is updated so that
3666-530: Is maintained by S&P Dow Jones Indices , an entity majority-owned by S&P Global . Its components are selected by a committee. The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow . As with all stock prices, the prices of the constituent stocks and consequently the value of the index itself are affected by the performance of the respective companies as well as macroeconomic factors. As of November 15, 2024,
3807-511: Is no official origin behind the new name, but there is a connection with the Hilton Coal & Iron Mining Co. at the eastern end of town. On August 4, the first village Board of Trustees was elected. Nicholas Slagle was named the first president, and he appointed Thomas J. Floyd and Joseph Moseman as the village clerk and treasurer, respectively. Peter Schertz, H.F. Cappo, J.G. Vogelgesang, Samuel Allen Sr., and Edward Lange Sr. were elected to
3948-485: Is the Levee District. Located just across the river from downtown Peoria, it is a mixed-use project with a wide variety of restaurants, shopping malls, and accommodations. For the bulk of the 1900s, the area was a Caterpillar manufacturing site. In 1998, it was razed to the ground and all that remained was a concrete slab. The land was bought by the city for redevelopment in 2000, creating an opportunity to transform
4089-587: Is the world's largest manufacturer of wheel loaders. The small size wheel loaders (SWL) are designed and manufactured at facilities in Clayton, North Carolina . The medium size (MWL) and large size (LWL) are designed at their Aurora, Illinois facility. Medium wheel loaders are manufactured at: Aurora, Illinois ; Sagamihara, Kanagawa , Japan; Piracicaba , São Paulo, Brazil; India ; and the People's Republic of China . Large wheel loaders are manufactured exclusively in
4230-609: Is typically carried out in an open outcry auction, or over an electronic network such as CME's Globex platform. The Chicago Board Options Exchange (CBOE) issues option contracts on the Dow through the root symbol DJX. Options on various Dow-underlying ETFs are also available for trading. The following table shows the annual development of the Dow Jones Index, which was calculated back to 1896. In 1884, Charles Dow composed his first stock average, which contained nine railroads and two industrial companies that appeared in
4371-490: Is used as a venue for primary, secondary, and college athletic events. It is a regular host to IHSA’s State Softball Championships and IESA’s State Track and Baseball Finals, and the Robert Morris–Peoria Eagles baseball and club football team use the facility. East Peoria is serviced by a Head Start, three school districts , and a local community college. There are multiple elementary school districts covering
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4512-539: The 1980s oil glut , the Japanese asset price bubble , and other political distractions. The index had only two negative years in the 1980s: in 1981 and 1984. The 1990s brought on rapid advances in technology along with the introduction of the dot-com era . The markets contended with the 1990 oil price shock compounded with the effects of the early 1990s recession and a brief European situation surrounding Black Wednesday . Certain influential foreign conflicts such as
4653-836: The 1991 Soviet coup d'état attempt which took place as part of the initial stages of the Dissolution of the Soviet Union and the Revolutions of 1989 ; the First Chechen War and the Second Chechen War , the Gulf War , and the Yugoslav Wars failed to dampen economic enthusiasm surrounding the ongoing Information Age and the " irrational exuberance " (a phrase coined by Alan Greenspan ) of
4794-593: The 2 Ton , 5 Ton , and 10 Ton from the Holt Manufacturing Company's old product line and the Caterpillar 30 and Caterpillar 60 from the C. L. Best Tractor Co.'s former product line. The 10 Ton and 5 Ton models were discontinued in 1926. In 1928, the 2 Ton was discontinued. Sales the first year were US$ 13 million. By 1929, sales climbed to US$ 52.8 million, and Caterpillar continued to grow throughout
4935-555: The Customer's Afternoon Letter , a daily two-page financial news bulletin which was the precursor to The Wall Street Journal . On January 2, 1886, the number of stocks represented in what is now the Dow Jones Transportation Average dropped from 14 to 12, as the Central Pacific Railroad and Central Railroad of New Jersey were removed. Though comprising the same number of stocks, this index contained only one of
5076-491: The Dubai World 2009 debt standstill, and the 2011 United States debt-ceiling crisis . On May 6, 2010, the Dow lost 9.2% intra-day and regained nearly all of it within a single hour. This event, which became known as the 2010 Flash Crash , sparked new regulations to prevent future incidents. Six years after its previous high in 2007, the Dow finally closed at a new record high on March 5, 2013. It continued rising for
5217-691: The Great Depression of the 1930s. Caterpillar adopted the diesel engine to replace gasoline engines. During World War II , Caterpillar products found fame with the Seabees , construction battalions of the United States Navy , which built airfields and other facilities in the Pacific Theater of Operations . Caterpillar ranked 44th among United States corporations in the value of wartime military production contracts. During
5358-562: The IDF Caterpillar D9 was involved in an incident in 2003, in which the American activist Rachel Corrie was killed by an Israeli soldier driving a bulldozer to demolish Gaza homes. A lawsuit against Caterpillar by her family and families of Palestinians, who were also killed by Caterpillar equipment, was unsuccessful. A lawsuit against Israel and Israeli Defense Ministry was rejected by an Israeli court, ruling that her death
5499-735: The Illinois River from downtown Peoria. It is home to many Caterpillar Inc. facilities. The city is the site of the Par-A-Dice Hotel and Casino , as well as the city's major business center, the Levee District. Located just east of the Illinois River, East Peoria has many points of access to and from the Peoria area. It is also the location of the Festival of Lights, an annual Christmas light display that runs from November to January and draws thousands of visitors from all over central Illinois. Several years after Illinois became
5640-621: The Second Sino-Japanese War of 1937. The United States experienced the Recession of 1937–1938 , which temporarily brought economic recovery to a halt. The largest one-day percentage gain in the index happened in the depths of the 1930s bear market on March 15, 1933, when the Dow gained 15.34% to close at 62.10. However, as a whole throughout the Great Depression, the Dow posted some of its worst performances, for
5781-659: The Vietnam War ended in 1975, new tensions arose towards Iran surrounding the Iranian Revolution in 1979. Performance-wise for the 1970s, the index remained virtually flat, rising 4.8% from 800.36 to 838.74. The 1980s began with the early 1980s recession . In early 1981, the index broke above 1,000 several times, but then retreated. After closing above 2,000 in January 1987, the largest one-day percentage drop occurred on Black Monday , October 19, 1987, when
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5922-489: The dot-com bubble . Between late 1992 and early 1993, the Dow staggered through the 3,000 level making only modest gains as the biotechnology sector suffered through the downfall of the Biotech Bubble; as many biotech companies saw their share prices rapidly rise to record levels and then subsequently fall to new all-time lows. The Dow soared from 2,753 to 8,000 between January 1990 to July 1997. In October 1997,
6063-595: The market-capitalization weighted S&P 500 Index or the Wilshire 5000 , the latter of which includes most publicly listed U.S. stocks, as better indicators of the U.S. stock market. East Peoria East Peoria is a city in Tazewell County , Illinois , United States. The population was 22,484 at the 2020 census. East Peoria is part of the Peoria, Illinois Metropolitan Statistical Area , located across
6204-567: The 10,000 mark by year end. The Dow continued climbing and reached a record high of 14,198.10 on October 11, 2007, a mark which was not matched until March 2013. It then dropped over the next year due to the 2007–2008 financial crisis . On September 15, 2008, a wider financial crisis became evident after the Bankruptcy of Lehman Brothers along with the economic effect of record high oil prices which had reached almost $ 150 per barrel two months earlier. The Dow lost more than 500 points for
6345-564: The 1880s, F.R. Carter Brick Yard (later known as Peoria Brick & Tile, and Peoria Brick Company) would sustain itself to the present. In 1899 Frederick R. Carter purchased the Spurck Paving Brick Plant, manufacturing paving and building bricks and shipping them via the Lake Erie & Western Railroad. In the beginning, the brick yard had 60 employees and could produce up to 40,000 bricks a day. In 1909, Carter expanded
6486-745: The 1925 merger of the Holt Manufacturing Company and the C. L. Best Tractor Company, creating a new entity, California-based Caterpillar Tractor Company. In 1986, the company reorganized itself as a Delaware corporation under the current name, Caterpillar Inc. It announced in January 2017 that over the course of that year, it would relocate its headquarters from Peoria, Illinois, to Deerfield, Illinois , scrapping plans from 2015 of building an $ 800 million new headquarters complex in downtown Peoria. Its headquarters are located in Irving, Texas , since 2022. The company also licenses and markets
6627-943: The 1990s, the college further expanded the campus in Peoria and built the Caterpillar Service Training Building. The addition of this building demonstrated the collaborative relationship of the college, the local community, and the manufacturing industry. In 2009, the Pekin campus was opened. The college offers a wide variety of programs, including those that award certificates, are transferrable, or offer degrees. For example, some transferrable programs include Pre-Med, Pre-Law, Journalism, and Education. The college also has programs that focus on workforce development and GED certificates. The Pilot served as East Peoria's first newspaper, beginning publications on September 13, 1901, by A.R. Zimmerman – its lead story celebrated East Peoria's first paved road. The Pilot
6768-555: The Allied armies with artillery tractors during World War I, the first use of crawling type tractors for military purposes. When World War I broke out, with the problem of trench warfare and the difficulty of transporting supplies to the front, the pulling power of crawling-type tractors drew the attention of the military. In British trials, the 75 horsepower (56 kW) Holt tractor was found to be better suited than its competitors to haul heavy loads over uneven ground. The War Office
6909-1131: The Asian market. The first machine was scheduled for production in March 2009. URS Ausino, in San Francisco, California, manages facility construction. Caterpillar has manufactured in Brazil since 1960. In 2010 the company announced plans to further expand production of backhoe and small wheel loaders with a new factory. Caterpillar has been manufacturing machines, engines, and generator sets in India, as well. Caterpillar has three facilities in India, which are in Tamil Nadu (Thiruvallur and Hosur) and Maharastra (Aurangabad). In addition to increasing sales of its core products, much of Caterpillar's growth has been through acquisitions, including: 2 May 2013: "We continuously evaluate our strategic portfolio to ensure alignment with our long-term strategy and have concluded
7050-519: The British War Office ordered a Holt tractor and put it through trials at Aldershot . The War Office was suitably impressed and chose it as a gun tractor . Over the next four years, the Holt tractor became a major artillery tractor , mainly used to haul medium guns such as the 6-inch howitzer , the 60-pounder , and later the 9.2-inch howitzer. Holt tractors were also the inspiration for
7191-689: The C7 to use common rail fuel injectors and improved ACERT electronics. In 1998 Caterpillar purchased Perkins Engines of Peterborough, England, a maker of small diesel and gasoline engines. Perkins engines are used in various applications. Perkins engine products are dual branded with the Perkins nameplate for both loose and OEM engines, and the CAT nameplate for captive engines within Caterpillar products. In June 2008, Caterpillar announced it would be exiting
SECTION 50
#17327872072337332-639: The Caterpillar engines put the United States' submarine force at risk for cyberattack . In a 2015 interview on cybersecurity, the United States Navy clarified that Caterpillar actually has some of the most secure control systems. It will be used as a model of how the Navy will design cyber protections into its control systems. The Israel Defense Forces ' use of highly modified Caterpillar D9 bulldozers has led to Caterpillar being criticized by pro-Palestinian activists and some shareholders. In particular,
7473-476: The Challenger and CAT names and livery to them. This ended Cat's venture into agriculture. Caterpillar provides financing and insurance services to customers via Cat Financial and Caterpillar Insurance Services, both of which are subsidiaries of Caterpillar, Inc. Cat Financial provides retail and wholesale financing for Caterpillar products and services, in addition to other equipment provided or facilitated by
7614-516: The Colean factory and learned Colean had spent at least $ 450,000 on the relatively new building and machinery. Holt bought the assets on October 25, 1909, for the $ 50,000 note held by a trust company. and began operations on February 15, 1910 with 12 employees. The "Holt Caterpillar Company" was incorporated in both Illinois and California on January 12, 1910. East Peoria became Holt Manufacturing Company's eastern manufacturing plant, competing with
7755-714: The D6-based units and the Grader power units. A parallel program was also developing wheeled high hp tractors based on using the articulated loading shovel chassis was later merged with the crawler team. The result was the Challenger Tractor and the "Mobi-Trac" system. The Challenger has been marketed in Europe as Claas machines since 1997, with Caterpillar marketing the Claas-built Lexion combine range in
7896-529: The DJIA is possible via index funds as well as via derivatives such as option contracts and futures contracts . Index funds , including mutual funds and exchange-traded funds (ETF) can replicate, before fees and expenses, the performance of the index by holding the same stocks as the index in the same proportions. An ETF that replicates the performance of the index is issued by State Street Corporation ( NYSE Arca : DIA ). ProShares offers leveraged ETFs that attempt to produce three times
8037-531: The Dow Jones Industrial Average consists of the following companies, with a weighting as shown: As of November 8, 2024, the components of the DJIA have changed 59 times since its beginning on May 26, 1896. General Electric had the longest presence on the index, beginning in the original index in 1896 and ending in 2018, but was dropped and re-added twice between 1898 and 1907. Changes to the index since 1991 are as follows: Investing in
8178-405: The Dow fell nearly 20%. By early January 2019, the index had quickly rallied more than 10% from its Christmas Eve low. Overall in the 2010s decade, the Dow increased from 10,428.05 to 28,538.44 for a substantial gain of 174%. Despite the emerging COVID-19 pandemic , the Dow continued its bull run from the previous decade before peaking at 29,551.42 on February 12, 2020 (29,568.57 intraday on
8319-619: The Dow occurred despite the Recession of 1949 and various global conflicts. During the 1950s, the Korean War and the Cold War did not stop the Dow's climb higher. A nearly 240% increase in the average from 200.13 to 679.36 ensued over the course of that decade. The Dow began to stall during the 1960s as the markets trudged through the Kennedy Slide of 1962 , but still managed an 18% gain from 679.36 to 800.36. The 1970s marked
8460-523: The Holt Manufacturing Company in 1890. The steam tractors of the 1890s and early 1900s were extremely heavy, sometimes weighing 1,000 pounds (450 kg) per horsepower , and often sank into the earth of the San Joaquin Valley Delta farmland surrounding Stockton, California . Benjamin Holt attempted to fix the problem by increasing the size and width of the wheels up to 7.5 feet (2.3 m) tall and 6 feet (1.8 m) wide, producing
8601-458: The Illinois River. Fon du Lac Farm Park, Splashdown Water Park, and Recreational Courts and Skate Park are other recreational areas. In 2018, Splashdown was torn down leaving East Peoria without a pool. East Peoria has two golf courses: Fon du Lac Golf Course and Quail Meadows. Levee Park, a green space right behind Fondulac District Library, is being developed. Initially just a grassy island, construction has been taking place to convert it into
SECTION 60
#17327872072338742-419: The Israeli army, among them Caterpillar. The Caterpillar Electronics business unit has formed Caterpillar Trimble Control Technologies LLC (CTCT), a 50:50 joint venture with Trimble Inc . CTCT develops positioning and control products for earthmoving and paving machines in the construction and mining industries, using technologies such as GNSS, optical total stations, lasers, and sonics. The products are used in
8883-407: The S&P 500 Index or the Russell 3000 Index . Additionally, the DJIA is criticized for being a price-weighted index , which gives higher-priced stocks more influence over the average than their lower-priced counterparts, but takes no account of the relative industry size or market capitalization of the components. For example, a $ 1 increase in a lower-priced stock can be negated by a $ 1 decrease in
9024-481: The Springfield Road studios in 2009 from its former location in nearby Creve Coeur . The remainder of Peoria's TV stations maintain their studios across the river in Peoria. The East Peoria area is served by Interstate 74 , which runs from northwest to southeast through the northern half of the city, connecting to Peoria via the Murray Baker Bridge. U.S. Route 150 is the main arterial for East Peoria, running concurrently with Main Street until it heads northeast past
9165-450: The UK's Titan armored bridge layer , Trojan combat engineering tank , Terrier combat engineering vehicles , and tank transporters ; the Romanian MLI-84 armored personnel carrier ; and the Swiss Piranha III light armored vehicle , which is currently being developed for use by American light armored formations; large fleets of military trucks in both the U.S. and UK; and the CV90 family of infantry fighting vehicles used by
9306-455: The US equities market, particularly the S&P 500 Index . Between ( 1980-January-{{{day}}} ) ( 2023-November-{{{day}}} ) January 1980 – November 2023 , the DJIA returned an annualized 8.90%, with the S&P 500 returning a nearly identical 8.91%. With the inclusion of only 30 stocks, critics such as Ric Edelman argue that the DJIA is an inaccurate representation of overall market performance compared to more comprehensive indices such as
9447-403: The USA. Claas and Caterpillar formed a joint venture, Claas Omaha , to build combine harvesters in Omaha, Nebraska, USA under the CAT brand. In 2002, Cat sold its stake to Claas, and licensed the use of CAT and the CAT yellow livery to Claas. They are marketed as Lexion combines now. Also in 2002, Caterpillar sold the Challenger tracked tractor business to AGCO and licensed the use of
9588-416: The United Press International) closed over 30,000 on December 31, 2020, at a record 30,606.48. On November 24, following news that the presidential transition of Joe Biden was approved, the Dow increased by more than 500 points, closing at 30,046.24. On January 22, 2024, the Dow Jones crossed 38,000 points for the first time; a month later it surpassed 39,000; and in May, it surpassed 40,000 points. The DJIA
9729-435: The United States on par with the gold standard . When the markets reopened on December 12, 1914, the index closed at 74.56, a gain of 4.4%. This is frequently reported as a large drop, due to using a later redefinition. Reports from the time say that the day was positive. Following World War I, the United States experienced another economic downturn, the Post–World War I recession . The Dow's performance remained unchanged from
9870-475: The United States on three separate assembly lines at Aurora, Illinois. Caterpillar began selling a line of on-road trucks in 2011, the Cat CT660 , a Class 8 vocational truck . As of March 2016, Caterpillar has ceased production of on-highway vocational trucks stating that “Remaining a viable competitor in this market would require significant additional investment to develop and launch a complete portfolio of trucks, and upon an updated review, we determined there
10011-648: The armies of Sweden, Norway, Finland, Switzerland, the Netherlands, and Denmark. This division also provides both propulsion engines and power generation systems to the naval shipbuilding industry , such as the Series 3512B turbocharged V-12 diesel engine for American Virginia -class nuclear submarines . Caterpillar diesel engines are also used in San Antonio -class amphibious transport docks , Spanish Álvaro de Bazán -class frigates , British River-class offshore patrol vessels , Mexican Sierra -class patrol boats, and Malaysian Kedah -class MEKO A-100 offshore patrol vessels. The poor network security of
10152-402: The average family size is 2.89. The population is spread out, with 20.1% under the age of 18, 8.8% from 18 to 24, 25.2% from 25 to 44, 26.9% from 45 to 64, and 19.6% who are 65 years of age or older. The median age is 41.9 years. For every 100 females, there are 103.3 males. For every 100 females age 18 and over, there are 102 males. The median income for a household in the city is $ 68,246, and
10293-451: The average fell 22.61%. There were no clear reasons given to explain the crash. On October 13, 1989, the Friday the 13th mini-crash , which initiated the collapse of the junk bond market, resulted in a loss of almost 7% of the index in a single day. During the 1980s, the Dow increased 228% from 838.74 to 2,753.20; despite the market crashes, Silver Thursday , an early 1980s recession ,
10434-483: The board as well. The village existed as Hilton for five years. In October, 1889, the name was changed to the "Village of East Peoria", since it was east of the city of Peoria. The name underwent a final change in April 1919, when it became the "City of East Peoria". According to the 2020 census, East Peoria has a total area of 22.147 square miles (57.36 km ), of which 20.41 square miles (52.86 km ) (or 90.13%)
10575-489: The business to include an additional plant on Cole Hollow Road; the new location featured 10 dome-like brick kilns that were 30 feet in diameter and 16 feet tall. In addition, Carter purchased Rapp Clay Products in April 1925. Subsequently, Carter decided to close the original plant and had all brick manufacturing occur at the Cole Hollow Road location. By 1939, the company increased daily production to 65,000 bricks
10716-496: The city holds a Christmas light event known as the Festival of Lights. Started in 1984, it was initially a Parade of Lights, in which floats decorated in Christmas lights were driven through town. In 1986, the pencil-steel E.P. Noel Riverboat debuted. It appeared to be very popular with the city, so each float ever since has been made with pencil steel. As lighting effects improved over the years, animated features have been added to
10857-414: The city. The symbol for the Festival of Lights is a little wooden toy soldier named FOLEPI (pronounced FO-LEE-PEE), which stands for F estival o f L ights, E ast P eoria, I llinois. In 2020, the Festival of Lights was named Heavyweights Champion on ABC TV’s The Great Christmas Light Fight . East Peoria Park District has over 1,600 acres (650 ha). Carl Spindler Marina Campground overlooks
10998-552: The city. They include: East Peoria School District 86 , Creve Coeur School District 76 , and Robein School District 85 . Those areas in turn are zoned to East Peoria Community High School District 309 . Two other elementary school districts, District 50 Schools and Central School District 51 , cover parts of the city and feed into Washington Community High School District 308 . Small portions are zoned to Morton Community Unit School District 709 . Details: Located at
11139-474: The closing value of the previous decade, adding only 8.26%, from 99.05 at the beginning of 1910, to a level of 107.23 at the end of 1919. The Dow experienced a long bull run from 1920 to late 1929 when it rose from 73 to 381 points. In 1928, the components of the Dow were increased to 30 stocks near the economic height of that decade, which was nicknamed the Roaring Twenties . This period downplayed
11280-437: The collection was safely transported upstairs intact, the walls, carpet, and furnishings were damaged, along with the computers. The library did not reopen to the public until April 24, 2013. In April 2009, residents of East Peoria approved a referendum to build a new library in the present-day Levee District. In June 2012, ground was broken to begin the construction. This library is approximately 32,000 square feet, and features
11421-523: The company announced plans to move its global headquarters from Deerfield, Illinois, to Irving, Texas , beginning later in the year, citing "the best strategic interest of the company." The first tanks used in WWI were manufactured by William Foster & Co. , also in Lincolnshire, England, and were introduced to the battlefield in 1916. That company had collaborated with Hornsby in the development of
11562-431: The company employed 625 people and was exporting tractors to Argentina, Canada, and Mexico. Tractors were built in both Stockton and East Peoria. On January 31, 2017, the company announced plans to move their headquarters from Peoria to Deerfield, Illinois , by the end of 2017. The new location at 500 Lake Cook Road is the former site of a Fiatallis plant that manufactured wheel loaders for many years. On June 14, 2022,
11703-457: The company's own vehicles, are used as the prime movers in locomotives , semi trucks , marine vessels, and ships, as well as providing the power source for peak-load power plants and emergency generators . Caterpillar 3116 engine was used up until 1997, when Caterpillar introduced the inline 6 cylinder 7.2 litre Caterpillar 3126 engine as its first electronic diesel engine for light trucks and buses. Caterpillar decreased emissions and noise
11844-553: The company. The company also generates income through the licensing of the Caterpillar and CAT trademarks and logos. Dow Jones Industrial Average The Dow Jones Industrial Average ( DJIA ), Dow Jones , or simply the Dow ( / ˈ d aʊ / ), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. Many professionals consider it to be an inadequate representation of
11985-598: The company. Thomas' son Tom Carney Jr. said, "After my grandfather, Charles Carter, passed away in 1964, the business transferred to my mother, Jane Carter, and father, Tom. I started in 1970, and my sister, Mary Pat Turner, and her husband Steve started in 1978. They retired in 2010". As of 2023, Tom Carney Jr., his daughter, and his son-in-law maintain operations. The Holt Manufacturing Company in Stockton, California , had successfully built crawler-type tractors and in 1909 began looking for manufacturing facilities closer to
12126-701: The daily result of either investing in ( NYSE Arca : UDOW ) or shorting ( NYSE Arca : SDOW ) the Dow Jones Industrial Average. In the derivatives market, the CME Group through its subsidiaries the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), issues Futures Contracts; the E-mini Dow ($ 5) Futures (YM) , which track the average and trade on their exchange floors respectively. Trading
12267-629: The day, returning to its mid-July lows below 11,000. A series of bailout packages, including the Emergency Economic Stabilization Act of 2008 , proposed and implemented by the Federal Reserve and United States Department of the Treasury did not prevent further losses. After nearly six months of extreme volatility during which the Dow experienced its largest one-day point loss, largest daily point gain, and largest intraday range (of more than 1,000 points) at
12408-458: The decade, the Dow saw a rather substantial pullback for a negative return from 11,497.12 to 10,428.05, a loss of a 9.3%. During the first half of the 2010s decade, aided by the Federal Reserve 's loose monetary policy including quantitative easing , the Dow made a notable rally attempt. This was despite significant volatility due to growing global concerns such as the European debt crisis ,
12549-512: The development of the British tank , which profoundly altered ground warfare tactics. Major Ernest Swinton , sent to France as an army war correspondent , very soon saw the potential of a track-laying tractor. Although the British later chose an English firm to build its first tanks, the Holt tractor became "one of the most important military vehicles of all time." Holt tractors had become well known during World War I . Military contracts formed
12690-573: The engine is carried"). On February 2, 1910, Holt opened up a plant in East Peoria , Illinois, led by his nephew Pliny Holt. There, Pliny met farm implement dealer Murray Baker , who knew of an empty factory that had been recently built to manufacture farm implements and steam traction engines . Baker, who later became the first executive vice president of what became Caterpillar Tractor Company, wrote to Holt headquarters in Stockton and described
12831-408: The ensuing Great Depression over the next several years saw the Dow continue to fall until July 8, 1932, when it closed at 41.22, roughly two-thirds of its mid-1880s starting point and almost 90% below its peak. Overall for the 1920s decade, the Dow still ended with a healthy 131.7% gain, from 107.23 to 248.48 at the end of 1929. In inflation-adjusted numbers, the high of 381.17 on September 3, 1929,
12972-488: The events surrounding the 1997 Asian financial crisis plunged the Dow into a 554-point loss to a close of 7,161.15; a retrenchment of 7.18% in what became known as the October 27, 1997 mini-crash . However, the Dow continued climbing past 9,000 despite negativity surrounding the 1998 Russian financial crisis along with the subsequent fallout from the 1998 collapse of Long-Term Capital Management due to bad bets placed on
13113-421: The final phase is paid for through an Open Space Land Acquisition and Development (OSLAD) grant. This grant was awarded to 87 parks across 31 counties for a total of $ 30.3 million USD. The EastSide Centre is a sports complex located on the eastern side of town. It features facilities for several sports, such as basketball, baseball/softball, soccer, lacrosse, as well as a walking track and gymnasium. The complex
13254-554: The financially stronger C. L. Best merged with the market leader Holt Caterpillar to form the Caterpillar Tractor Co. Clarence Leo Best assumed the title of CEO, and remained in that role until October 1951. The new company was headquartered in San Leandro until 1930, when under the terms of the merger it was moved to Peoria. The Caterpillar company consolidated its product lines and went on to supply
13395-525: The first quarter of 2020, the DJIA fell 23%, its worst quarter since 1987. The market recovered in the third quarter, returning to 28,837.52 on October 12, 2020, and peaked momentarily at a new all-time high of 29,675.25 on November 9, 2020, at 14:00 ET, following that day's announcement of the success of the Pfizer–BioNTech COVID-19 vaccine in Phase III clinical trials. The Dow (as reported by
13536-546: The floats. In 1993, the Winter Wonderland drive-through was constructed. All of the floats and displays stay here for the duration of the festival, and receive about 25,000 visitors annually. From 1984 to 2013, The Festival Wreath was a Ferris wheel with fluorescent light tubes attached to its frame. In 2014, a new Festival Wreath replaced it with a welded frame, 80 tube-shaped lights, 1,000 lightbulbs, and rope lights. It sits on top of Fon du Lac Drive, overlooking
13677-448: The industrial downtown into a commercial hub. East Peorians previously would have to travel to Peoria for dining and shopping; with the creation of the Levee District, residents could do so locally. A range of both national and local restaurants can be found in the Levee District. In concert with the renovation of remaining Caterpillar buildings, the development of the downtown Peoria Riverfront Museum and Caterpillar Visitor's Center, and
13818-742: The influence of the Depression of 1920–1921 and certain international conflicts such as the Polish–Soviet War , the Irish Civil War , the Turkish War of Independence and the initial phase of the Chinese Civil War . After a peak of 381.17 on September 3, 1929, the bottom of the 1929 crash came just 2 months later on November 13, 1929, at 195.35 intraday, closing slightly higher at 198.69. The Wall Street Crash of 1929 and
13959-722: The lake" in French. Over the course of a few years, more settlers arrived. Jacob L. Wilson, Thomas Camelin, and a man simply known as "Donohue" established themselves in the new township, with Wilson eventually becoming the Justice of the Peace. On June 14, 1855, a petition to plat the Town of Fondulac was filed with Tenth Judicial Circuit Court by Seth Abbott. This plat showed three streets—Mill Street, Main Street, and Depot Avenue—in addition to
14100-606: The large tractors from the company's product line and introduced smaller models focused on the agricultural market. When the Federal Aid Highway Act of 1921 funded a US$ 1 billion federal highway building program, Baxter began refocusing the company towards building road-construction equipment. Both companies also faced fierce competition from the Fordson company. Between 1907 and 1918, Best and Holt had spent about US$ 1.5 million in legal fees fighting each other in
14241-415: The major part of the company's production. When the war ended, Holt's planned expansion to meet the military's needs was abruptly terminated. The heavy-duty tractors needed by the military were unsuitable for farmers. The company's situation worsened when artillery tractors were returned from Europe, depressing prices for new equipment and Holt's unsold inventory of military tractors. The company struggled with
14382-508: The market leader Holt Caterpillar to form the Caterpillar Tractor Co. The new company was headquartered in San Leandro until 1930, when under the terms of the merger, it was moved to Peoria. Baxter had been removed as CEO earlier in 1925, and Clarence Leo Best assumed the title of CEO, and remained in that role until October 1951. The Caterpillar company consolidated its product lines, offering only five track-type tractors:
14523-485: The median income for a family is $ 88,008. Males have a median income of $ 44,198 versus $ 32,917 for females. The per capita income for the city is $ 35,578. About 2.8% of families and 10.6% of the population are below the poverty line , including 12.5% of those under age 18 and 4.8% of those age 65 or over. Among the natural resources available to extract were clay and shale—important for brickmaking. While numerous small brickmaking plants were scattered around East Peoria in
14664-479: The midst of a lengthy bear market. Between January 1973 and December 1974, the average lost 48% of its value in what became known as the 1973–1974 stock market crash , closing at 577.60 on December 6, 1974. The nadir came after prices dropped more than 45% over two years since the NYSE's high point of 1,003.16 on November 4, 1972. In 1976, the index reached 1,000 several times and it closed the year at 1,004.75. Although
14805-530: The movement of the Russian ruble . On March 29, 1999, the average closed at 10,006.78, its first close above 10,000. This prompted a celebration on the New York Stock Exchange trading floor, complete with party hats. Total gains for the decade exceeded 315%; from 2,753.20 to 11,497.12, which equates to 12.3% annually. The Dow averaged a 5.3% return compounded annually for the 20th century,
14946-427: The nearby Avery Tractor Company . Holt was credited with producing the first practical continuous tracks for use with tractors and he registered "Caterpillar" as a trademark in 1911. The Peoria facility proved so profitable that only two years later the Peoria facility employed 625 people and was exporting tractors to Argentina , Canada, and Mexico . In April and May 1925, after a period of financial difficulty,
15087-650: The newspaper changed its name once more to the East Peoria Times-Courier . East Peoria is home to the majority of the commercial television broadcast outlets that serve the Peoria area. WEEK-TV , channel 25, the local NBC affiliate, has long maintained studios and transmitter facilities on Springfield Road in East Peoria. In recent years, other stations have moved in with WEEK-TV as a result of operations mergers through local marketing agreements, including MyNetworkTV affiliate WTVK (channel 59), and ABC affiliate WHOI (channel 19), which moved to
15228-460: The next several years past 17,000 points until a brief 2015–2016 stock market selloff in the second half of 2015. It then picked up again in early 2016 and climbed past 25,000 points on January 4, 2018. On November 9, 2016, the day after Donald Trump 's victory over Hillary Clinton in the U.S. presidential election , the index soared, coming within roughly 25 points of its all-time intraday high to that point. Volatility returned in 2018 when
15369-734: The next year in the 3126B version of the engine, and improved emissions further in 2002 with the 3126E which had an improved high-pressure oil pump and improved electronics. In 2003 Caterpillar started selling a new version of this engine called the C-7 to meet increased United States emission standards that came into effect in 2004; it had the same overall design as the 3126 version, but with improved fuel injectors and electronics which included its new Advanced Combustion Emissions Reduction Technology (ACERT) system. In 2007, as ultra-low-sulfur diesel became required in North America, Caterpillar updated
15510-475: The northeastern edge of the city, Illinois Central College (ICC) is a community college with campuses in East Peoria, Peoria, and Pekin. ICC serves all or parts of ten central Illinois counties: Peoria, Tazewell, Woodford, Bureau, Logan, Marshall, Livingston, McLean, Stark, and Mason. In September 1965, a referendum to authorize a taxy levy in order to establish a community college was circulated around town. In May 1966, central Illinois residents approved it by
15651-627: The on-highway diesel engine market in the United States before updated 2010 U.S. Environmental Protection Agency (EPA) emission standards took effect, as costly changes to the engines, which only constituted a small percentage of Caterpillar's total engine sales, would be likely. In October 2010, Caterpillar announced it would buy German engine-manufacturer MWM GmbH from 3i for $ 810 million. The Caterpillar Defence Products subsidiary, headquartered in Shrewsbury , United Kingdom, provides diesel engines, automatic transmissions, and other parts for
15792-418: The original twelve industrials that would eventually form Dow's most famous index. Dow calculated his first average purely of industrial stocks on May 26, 1896, creating what is now known as the Dow Jones Industrial Average . None of the original 12 industrials still remain part of the index. When it was first published in the mid-1880s, the index stood at a level of 62.76. It reached a peak of 78.38 during
15933-519: The overall U.S. stock market compared to a broader market index such as the S&;P 500 . The DJIA includes only 30 large companies. It is price-weighted , unlike other common indexes such as the Nasdaq Composite or S&P 500, which use market capitalization . The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by
16074-579: The plant of the bankrupt Colean Manufacturing Co. of East Peoria. On October 25, 1909, Pliny Holt purchased the factory, and immediately began operations with 12 employees. Holt incorporated it as the Holt Caterpillar Company, although he did not trademark the name Caterpillar until August 2, 1910. The addition of a plant in the Midwest , despite the hefty capital needed to retool the plant, proved so profitable that only two years later,
16215-407: The population. There are 9,658 households, out of which 25.7% have children under the age of 18 living with them, 52.6% are married couples living together, 5.7% have a female householder with no husband present, and 38.1% are non-families. 31.3% of all households are made up of individuals, and 13.5% have someone living alone who was 65 years of age or older. The average household size is 2.31 and
16356-518: The postwar construction boom, the company grew at a rapid pace, and launched its first venture outside the U.S. in 1950, marking the beginning of Caterpillar's development into a multinational corporation . In 2018, Caterpillar was in the process of restructuring, closing a demonstration center in Panama and an engine-manufacturing facility in Illinois. Caterpillar built its first Russian facility in
16497-500: The production of its new Best Model 60 "Tracklayer". Both companies were adversely impacted by the transition from a wartime to a peacetime economy, which contributed to a nationwide depression , further inhibiting sales. On December 5, 1920, 71-year-old Benjamin Holt died after a month-long illness. The banks and bankers who held the company's large debt forced the Holt board of directors to accept their candidate, Thomas A. Baxter, to succeed Benjamin Holt. Baxter initially cut
16638-423: The quotations right before and after the event coincide: Since November 8, 2024, the Dow Divisor is 0.16268413125742 and every $ 1 change in price in a particular stock within the average equates to a 6.146881 (or 1 ÷ 0.16268413125742) point movement. Despite its unusual weighting by price rather than market capitalization, the Dow Jones Industrial Average is highly correlated with other proxies of
16779-557: The renovation of Interstate 74 and of the area's bridges, East Peoria's downtown and urban area have developed substantially. The Fondulac District Library was established with the help of the East Peoria Woman's Club in 1935. Since then, it has moved locations several times to accommodate the increased usage and size of the collection. The collection includes Playaway devices, magazines, board games, puzzles, Roku players, and Wi-Fi hotspots. On April 17, 2013, East Peoria
16920-528: The same day). The index slowly retreated for the remainder of the week and into the next week, before coronavirus fears and an oil price war between Saudi Arabia and Russia sent the index into a tailspin , recording several days of losses (and gains ) of at least 1,000 points, a typical symptom of a bear market as previously seen in October 2008 during the 2007–2008 financial crisis . Volatility rose high enough to trigger multiple 15-minute trading halts . In
17061-502: The second floor. Levee Park features a reading garden that was dedicated to the library in 2018. It features seating with umbrellas for shade, as well as landscaping, a water fountain, and a Free Little Library. Costing $ 500,000 USD to construct, it was paid for entirely through private donations to the East Peoria Community Foundation. Beginning after Thanksgiving and ending in the first week of January,
17202-399: The summer of 1890, but reached its all-time low of 28.48 in the summer of 1896 during the Panic of 1896 . Many of the biggest percentage price moves in the Dow occurred early in its history, as the nascent industrial economy matured. In the 1900s, the Dow halted its momentum as it worked its way through two financial crises: the Panic of 1901 and the Panic of 1907 . The Dow remained stuck in
17343-534: The time, the index closed at a new 12-year low of 6,547.05 on March 9, 2009, its lowest close since April 1997. The Dow had lost 20% of its value in only six weeks. Towards the latter half of 2009, the average rallied towards the 10,000 level amid optimism that the Great Recession , the United States housing bubble and the 2007–2008 financial crisis , were easing and possibly coming to an end. For
17484-530: The times". In May 2013, Peoria Brick & Tile was renamed to Peoria Brick Company and expanded again by opening a new location in Mossville, Illinois. The business has remained under the Carter family's management since its creation. Frederick's sons Charles, Raymond, and Ben, and Frederick's son-in-law Harry Maw, joined him in operating the plant. In 1966, the son-in-law of Charles, Thomas J. Carney, purchased
17625-623: The town of Tosno , located near St. Petersburg, Russia . It was completed in 16 months, occupied in November 1999, and began fabricating machine components in 2000. It had the first electrical substation built in the Leningrad Oblast since the Communist government was dissolved on December 26, 1991. The facility was built under harsh winter conditions, where the temperature was below −13 °F (−25 °C). The facility construction
17766-519: The track rising and falling over the carrier rollers looked like a caterpillar , and Holt seized on the metaphor . "Caterpillar it is. That's the name for it!" Some sources, though, attribute this name to British soldiers who had witnessed trials of the Hornsby tractor in July 1907. Two years later, Holt sold his first steam-powered tractor crawlers for US$ 5,500, about US$ 185,000 in 2024. Each side featured
17907-501: The tracks, eliminating the forward tiller and steering wheel. Several tractors were made and sold to operate in the Yukon , one example of which was in operation until 1927, and remnants of it still exist. Hornsby found a limited market for their tractor, so they sold their patent to Holt five years after its development. Company photographer Charles Clements, looking at the machine's upside-down image through his camera lens, commented that
18048-501: The transition from wartime boom to peacetime bust. To keep the company afloat, they borrowed heavily. C. L. Best Gas Tractor Company, formed by Clarence Leo Best in 1910, and Holt's primary competitor, had during the war received government support, enabling it to supply farmers with the smaller agricultural tractors they needed. As a result, Best had gained a considerable market advantage over Holt by war's end. Best also assumed considerable debt to allow it to continue expansion, especially
18189-725: The tunneling business no longer fits that strategy," – Stu Levenick. Caterpillar Tunneling Canada Corporation (CTCC) have notified employees that it will exit the business and cease production at its facilities by mid-2014. Caterpillar occasionally divests assets that do not align with its core competencies. Through fiscal year 2010, Caterpillar divided its products, services, and technologies into three principal lines of business: machinery, engines, and financial products for sale to private and governmental entities. As of 2022, Caterpillar reports its financials using four business segments: construction industries, resource industries, energy & transportation, and financial products. Caterpillar has
18330-403: The vast agricultural markets in the Midwest farm belt. Company President Benjamin Holt dispatched his nephew, Pliny E. Holt in March 1909 to find another plant. He met Murray Baker , an implement dealer, who knew of a factory already equipped to manufacture farm implements and steam traction engines that had belonged to the bankrupt Colean Manufacturing Co. of East Peoria. Pliny inspected
18471-531: The vehicles demonstrated to the British military in 1907, providing the paraffin (kerosene) engines. Holt's track-type tractors played a support role in World War I. Even before the U.S. formally entered WWI, Holt had shipped 1,200 tractors to England, France, and Russia for agricultural purposes. These governments, however, sent the tractors directly to the battlefront, where the military put them to work hauling artillery and supplies. When World War I broke out,
18612-525: The year. In 2002, the Dow dropped to a four-year low of 7,286 on September 24, 2002, due to the stock market downturn of 2002 and lingering effects of the dot-com bubble . Overall, while the NASDAQ index fell roughly 75% and the S&;P 500 index fell roughly 50% between 2000 and 2002, the Dow only fell 27% during the same period. In 2003, the Dow held steady within the 7,000 to 9,000-point level and recovered to
18753-409: Was among the communities impacted by the flooding from heavy storms. Water was high enough to strand vehicles and the soil was so waterlogged that mudslides occurred. That evening, a leak was discovered at the library. The water was cleaned up and the leak was presumed to be fixed. The next morning, the basement of the library had filled with several thousands of gallons of water. While the majority of
18894-528: Was an accident, caused by restricted field of view from the heavily armored operators' cabin. In 2014 Presbyterian Church (USA) sold its shares in Caterpillar citing the use of Caterpillar bulldozers involved in demolitions of Palestinian houses and Israeli surveillance activities in the West Bank . In August 2024, San Francisco State University announced that, as part of a deal with student activists, it would divest from four companies that supply weapons for
19035-607: Was established through investors, Boyd Gaming purchased the casino in 1996 for $ 175 million USD. From 1991 to 1999, Par-A-Dice cruised the river daily, until Illinois removed the requirement for riverboat casinos to leave their docks. This was reversed in June 2010 with the new U.S. Coast Guard annual requirement, and the riverboat set off along the river for the first time in 11 years. In 2020, East Peoria’s adjusted gross revenue from casinos dropped by 34.6% from $ 74.5 million to $ 48.7 million USD. The main commercial area of East Peoria
19176-481: Was filed by Joseph Schertz and accepted April 1, 1864. The origins of the name "Bluetown" are claimed to be from Joseph Schertz, who "always wore blue smocks at their work." On July 1, 1884, citizens of both Fondulac and Bluetown held a referendum at the public school to propose both towns be incorporated as one. This proposition passed by a vote of 30–12, and the two towns were merged into the Village of Hilton. There
19317-749: Was followed by the East Peoria Post , which was published weekly in the 1910s-1920s. In 1927, the progenitor of the city's current newspaper began circulating. It was named East Peoria Courier , and was founded by Aaron K. Brill, who was well-known for his work in the Peoria Star . In 1956, East Peoria Courier was purchased by the Tazewell Publishing Company, and was renamed the Tazewell Courier until 1980, when it reverted back to East Peoria Courier. In 1997,
19458-760: Was managed by the Lemminkäinen Group in Helsinki, Finland . In May 2022, production at the Tosno plant was stopped. In November 2023, an agreement was reached on the sale of Caterpillar assets to the Russian company PSK - New Solutions, founded by people from Sberbank . Experts believe that the resumption of Caterpillar production is unlikely and the plant will be repurposed. The $ 125 million Caterpillar Suzhou, People's Republic of China facility, manufactures medium-wheel loaders and motor graders, primarily for
19599-574: Was not a sufficient market opportunity to justify the investment,” said Ramin Younessi, vice president with responsibility for Caterpillar's Industrial Power Systems Division. “We have not yet started truck production in Victoria, and this decision allows us to exit this business before the transition occurs.” A portion of Caterpillar's business is in the manufacturing of diesel and natural gas engines and gas turbines which, in addition to their use in
19740-502: Was not surpassed until 1954. Marked by global instability and the Great Depression, the 1930s contended with several consequential European and Asian outbreaks of war, leading to the catastrophic World War II in 1939. Other conflicts during the decade which affected the stock market included the 1936–1939 Spanish Civil War , the 1935–1936 Second Italo-Abyssinian War , the Soviet-Japanese Border War of 1939 , and
19881-439: Was suitably impressed and chose it as a gun-tractor. Holt Caterpillar tractors were also the inspiration for the development of the British tank, which profoundly altered ground warfare tactics. Par-A-Dice Hotel and Casino is a riverboat casino located on the Illinois River off Illinois Route 116/U.S. Route 150 in East Peoria, Illinois, United States. Originally opened in 1991 in Peoria, it moved to East Peoria in 1993. While it
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