1. 1875: The first running of the Kentucky Derby takes place
On this day in 1875, the very first running of the Kentucky Derby takes place at what would become known as the Churchill Downs. The race would have 15 jockeys riding some of the fastest thoroughbred horses in the world. Winning the race was Oliver Lewis riding the horse named Aristides with a time of 2 min 37 seconds, which happened to be the world record at the time. Winning the Kentucky Derby can bring a lot of money to the rider with some of the highest purses in horse racing. In 2016 it was estimated at around $2.5 million. The purse in 1875 was said to be $2,850.
2. 1792: The New York Stock exchange begins
A group of 24 stock brokers meet up under a Buttonwood tree to sign what would be called the Buttonwood Agreement on this day in 1792. The agreement would set a base commission rate that would be charged to clients in security trading. This was the beginning of the New York Stock Exchange. Later in 1817, the organization officially became the New York Stock Exchange which played a major part in taking over Philadelphia’s reign as the financial capitol of the United States.
3. 1974: Six members of the SLA dead in a raid by LAPD
On this day in 1974, the Los Angeles Police Department get into a shootout where an estimated 1200 rounds were fired into a small home in Compton. The shootout was the result of a raid on the home where the leaders of the Symbionese Liberation Army (SLA) were hiding out. A few months earlier, the SLA had kidnapped Patricia Hearst and supposedly were hiding her at the small Compton home. Patricia was part of the ridiculously wealthy Hearst family that had made their fortune by building a publishing empire. Six members of the SLA were killed on the raid in Compton, but Hearst was not one of them; she wasn’t found until September 1975. She had been seen numerous times participating with the violent acts of the SLA, even sending a video claiming she had changed her name and joined the radical group. She claimed she was coerced into joining and participating by being beaten, raped and brainwashed but still was convicted and sent to prison. She would later be pardoned by President Clinton in January 2001.