Myron Scholes
Economist and Nobel Prize laureate
Born in 1941, an economist contributed significantly to the development of financial economics. Co-created the Black-Scholes model for option pricing, which transformed financial markets and investment strategies. Served as a professor at various universities, including Stanford University and the University of Chicago. Played a pivotal role in the evolution of derivatives trading and risk management.
Developed the Black-Scholes option pricing model
Received the Nobel Prize in Economic Sciences in 1997
Other People Born on July 1st
Andrass Samuelsen
Faroese Prime Minister and politician
Born
July 1st, 1873 152 years ago
Died
June 30th, 1954 71 years ago — 80 years old
A significant figure in Faroese history, this individual served as the first Prime Minister of the Faroe Islands from 1948 until 1950. The role involved leading the newly established government and working towards greater autonomy for the islands. Born in 1873, the individual was instrumental in the political landscape of the Faroe Islands during a time of change. The tenure as Prime Minister coincided with advances in self-governance that helped shape the future of the Faroese parliament. Contributions to the local political discourse continued long after the term in office.
Continue ReadingSavvy Shields
Beauty Queen, Miss America 2017
Born
July 1st, 1995 30 years ago
A contestant earned the title of Miss America in 2017, representing the state of Arkansas. Actively participated in advocacy for mental health awareness during her reign. Competed in various local and state pageants prior to winning the national title. Received accolades for performance during the talent portion of the competition, showcasing skills in dance.
Continue ReadingKaren Black
Actress known for Five Easy Pieces
Born
July 1st, 1939 86 years ago
Died
August 8th, 2013 12 years ago — 74 years old
An American actress gained recognition in the late 1960s and 1970s for work in film and television. Significant roles included performances in 'Five Easy Pieces' and 'Nashville.' Black also appeared in 'Easy Rider,' contributing to the counterculture cinema of the era. In addition to acting, involvement in writing and producing showcased versatility. Black received nominations for prestigious awards, including an Academy Award for Best Supporting Actress. Throughout a career spanning over five decades, her contributions encompassed various genres and formats, making a mark in both indie and mainstream projects.
Continue ReadingThomas Green Clemson
American politician and educator, founder of Clemson University
Born
July 1st, 1807 218 years ago
Died
1888 138 years ago — 81 years old
Served as a U.S. Minister to Belgium and held significant influence in South Carolina politics. Advocated for agriculture and technical education which led to the establishment of Clemson University in 1889. Contributed to the development of education in the Southern United States through the founding of this institution that emphasizes scientific and practical learning.
Continue ReadingWilliam Grant Stairs
Explorer and captain of East Africa
Born
July 1st, 1863 162 years ago
Died
June 9th, 1892 133 years ago — 28 years old
An explorer and captain in East Africa, played a significant role in various expeditions during the late 19th century. Participated in the Emin Pasha Relief Expedition, which aimed to assist a besieged governor in Africa. Contributed to geographic knowledge of the region and collected specimens for scientific research. Documented extensive details of the cultures and landscapes encountered during explorations.
Continue ReadingVasantrao Naik
Indian politician, 3rd Chief Minister of Maharashtra
Born
July 1st, 1913 112 years ago
Died
August 18th, 1979 46 years ago — 66 years old
Served as the third Chief Minister of Maharashtra from 1963 to 1966, implementing policies for agricultural reform and rural development. Elected to the Legislative Assembly in 1952, held various ministerial positions before assuming the chief ministership. Contributed to the establishment of cooperative farming and efficient irrigation systems, greatly impacting the agrarian economy of the state. Played a significant role in the reorganization of Maharashtra's administrative boundaries.
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