Today in Entrepreneurial History: March 18

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1766 – American Revolution: The British Parliament repeals the Stamp Act.
1850 – American Express is founded by Henry Wells and William Fargo.
1874 – Hawaii signs a treaty with the United States granting exclusive trading rights.
1893 – Former Governor General Lord Stanley pledges to donate a silver challenge cup, later named after him, as an award for the best hockey team in Canada; originally presented to amateur champions, the Stanley Cup has been awarded to the top pro team since 1910, and since 1926, only to National Hockey League teams.
1968 – Gold standard: The U.S. Congress repeals the requirement for a gold reserve to back US currency.