History of Market · The Chronicle of the U.S. Stock Market S&P 500
Gathering I · leaf 23 of 27
UBS YEARBOOK 2026 · 1900—TODAY

UBS YEARBOOK 2026 · 1900—TODAY — Railways were sixty-three percent of this market

Sector turnover — 1900 vs today: railways fall from 63% to under 1%, tech and health care grow from nothing to 70%.

In 1900, 80% of the US market sat in railways, textiles, steel and coal, with railways alone at 63%. Today railways are under 1%, and 70% of the market comes from industries that barely existed then. The hundred and twenty-six years in between are not drawn — the yearbook publishes two snapshots and nothing between them.

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What this page answers

This static page is built to answer searches for UBS YEARBOOK 2026 · 1900—TODAY. It summarizes the live dataset behind the Railways were sixty-three percent of this market panel and links to the full interactive chart.

In 1900, 80% of the US market sat in railways, textiles, steel and coal, with railways alone at 63%. Today railways are under 1%, and 70% of the market comes from industries that barely existed then. The hundred and twenty-six years in between are not drawn — the yearbook publishes two snapshots and nothing between them. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

The plate

UBS YEARBOOK 2026 · 1900—TODAY — Railways were sixty-three percent of this marketRailways 190063%Textiles/steel/coal17%Rest 190020%Tech/health today70%Railways today1%
Plate I.23 In 1900, 80% of the US market sat in railways, textiles, steel and coal, with railways alone at 63%. Today railways are under 1%, and 70% of the market comes from industries that barely existed then. The hundred and twenty-six years in between are not drawn — the yearbook publishes two snapshots and nothing between them. /api/static/ubs-yearbook.json

Data & Source

GET /api/static/ubs-yearbook.json — Canonical dataset endpoint.

Yahoo Finance · Macrotrends · Robert Shiller · FRED · S&P Global · Nasdaq · NBER.

FAQ

Where does this data come from?

History of Market combines public market and macro datasets including Yahoo Finance, Macrotrends, Robert Shiller, FRED, S&P Global, Nasdaq, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.

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Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.

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