The Chicago Mercantile Exchange, one of the largest futures exchanges in the world, was founded in Chicago in 1898. The exchange allows traders to buy and sell futures contracts for commodities like corn, soybeans, and crude oil.
Grundy County, located in Illinois, has a rich history that spans centuries. The area was originally inhabited by Native American tribes, including the Potawatomi, Ottawa, and Chippewa. European settlers began arriving in the early 19th century, with the establishment of a trading post by Jesse Walker in 1829. The county was officially founded on February 17, 1841, named after Felix Grundy, a prominent politician from Tennessee.

During the mid-19th century, Grundy County experienced significant growth and development. The construction of the Illinois and Michigan Canal in 1848 brought increased commerce and trade to the area, leading to the establishment of new towns and the growth of existing ones. Coal mining also played a crucial role in the county's history, with numerous mines opened throughout the late 19th and early 20th centuries. The wealth generated by the mining industry brought prosperity and further expansion to the county.

In the early 20th century, Grundy County, like many other areas, faced the challenges of the Great Depression. The coal mining industry suffered immensely, leading to closures of mines and widespread unemployment. However, the county began to recover in the post-World War II era, with increased industrial development and the growth of agriculture. Today, Grundy County is known for its diverse economy, with industries ranging from manufacturing to agriculture, as well as its strong sense of community.

Throughout its history, Grundy County has preserved and celebrated its heritage. The area is home to various historical landmarks, such as the Carbon Hill School Museum and the Grundy County Courthouse. Additionally, the county hosts annual events and festivals that showcase its history and culture, including the Grundy County Corn Festival and the Grundy County Historical Society's Civil War Days.

This timeline provides a condensed summary of the historical journey of Grundy County, Illinois.

  • 1841 - Grundy County is established
  • 1842 - First courthouse is built in Morris
  • 1850 - Population reaches over 5,000
  • 1854 - Illinois and Michigan Canal opens, boosting economic growth
  • 1861-1865 - Grundy County residents fight in the American Civil War
  • 1869 - First railroad reaches Grundy County
  • 1875 - Morris becomes the county seat
  • 1912 - Grundy County Courthouse is completed
  • 1930s - Great Depression causes economic hardship
  • 1960s - Interstate highways are constructed through the county
  • 2008 - Grundy County celebrates its 167th anniversary