4 November 1922: Discovery of Tutankhamun’s tomb
On this day in 1922 archaeologist Howard Carter discovered a set of stone steps that led to the tomb of Tutankhamun.
Egypt's Valley of the Kings is a barren, arid place, near the west bank of the Nile. For 500 years, Egypt's rulers were interred there, surrounded by inscriptions of Egyptian mythology and priceless artefacts to help them in the afterlife. But if they thought they would be left alone, they had another thing coming. Over the years, virtually all the tombs had been robbed and the treasures lost.
But archaeologist Howard Carter, who had previously worked as director of the Egyptian Antiquities Service, was convinced there was one tomb that had yet to be found – the tomb of Tutankhamun, who lived in the 14-century BC (but not for very long – he died aged 19).
Carter was working for George Herbert, AKA Lord Carnarvon, an amateur Egyptologist. But after spending seven years searching, he wasn't coming up with the goods. So on 1 November, Herbert gave Carter an ultimatum – this would be the last year he would finance his digs.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Three days later, Carter came up trumps. He discovered the top of the stairway to the lost tomb, undisturbed for over 3,000 years. He quickly sealed it back up and cabled his sponsor: "At last have made wonderful discovery in Valley; a magnificent tomb with seals intact; re-covered same for your arrival; congratulations."
It was not until 16 February 1923, however, that the burial chamber was opened. It was one of the most spectacular archaeological finds ever. The coffin, made of solid gold, weighed 110 kg. At today's prices, that's about £5m worth of gold. The tomb contained thousands of other objects, many covered in gold, including jewellery and weapons. It took until 1932 for everything to be cleared and categorised.
The treasures became world famous, and embarked on a world tour in the 1960s, 70s and 80s, and again after the turn of the millennium. They returned to the Egyptian Museum in Cairo in 2011.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
-
8 of the best properties for sale near ski slopes
The best properties for sale near ski slopes – from a luxury cabin in Geilo, one of Norway’s premier ski resorts, to a large chalet in Valais, Switzerland
By Natasha Langan Published
-
Cash hoarders take total UK savings to £2 trillion – why aren’t we investing?
Investment-shy Brits are hoarding huge amounts of cash in their savings accounts. We look at the case for saving versus investing.
By Katie Williams Published
-
31 August 1957: the Federation of Malaya declares independence from the UK
Features On this day in 1957, after ten years of preparation, the Federation of Malaya became an independent nation.
By Jasper Spires Published
-
13 April 1960: the first satellite navigation system is launched
Features On this day in 1960, Nasa sent the Transit 1B satellite into orbit to provide positioning for the US Navy’s fleet of Polaris ballistic missile submarines.
By Ben Judge Published
-
9 April 1838: National Gallery opens in Trafalgar Square
Features On this day in 1838, William Wilkins’ new National Gallery building in Trafalgar Square opened to the public.
By Ben Judge Published
-
3 March 1962: British Antarctic Territory is created
Features On this day in 1962, Britain formed the British Antarctic Territory administered from the Falkland Islands.
By Chris Carter Published
-
10 March 2000: the dotcom bubble peaks
Features Tech mania fanned by the dawning of the internet age inflated the dotcom bubble to maximum extent, on this day in 2000.
By Chris Carter Last updated
-
9 March 1776: Adam Smith publishes 'The Wealth of Nations'
Features On this day in 1776, Adam Smith, the “father of modern economics”, published his hugely influential book The Wealth of Nations.
By Ben Judge Last updated
-
8 March 1817: the New York Stock Exchange is formed
Features On this day in 1817, a group of brokers moved out of a New York coffee house to form what would become the biggest stock exchange in the world.
By Chris Carter Last updated
-
7 March 1969: Queen Elizabeth II officially opens the Victoria Line
Features On this day in 1969, Queen Elizabeth II took only her second trip on the tube to officially open the underground’s newest line – the Victoria Line.
By Ben Judge Last updated