Orteig Prize: Meaning (information, definition, explanation, facts)

The Orteig Prize was 25,000 U.S. dollars offered in 1919 by hotel owner Raymond Orteig to the first person to fly non-stop from New York City to Paris.

Several unsuccessful attempts at this feat were attempted before the prize was won in 1927 by Charles Lindbergh in his airplane Spirit of St. Louis.

This was followed by the "Lindbergh boom", as public interest in air travel bloomed and aviation stocks skyrocketed.