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Category Archives: Economic History
Historic Trading Losses
Top 10 Biggest Trading Losses in History Biggest Losers 10. Metallgesellschaft, $1.3 billion 9. Orange County, $1.7 Billion 8. UBS, $2 Billion 7. JPMorgan Chase, $2 Billion 6. Aracruz, $2.5 Billion 5. Sumitomo Corp, $3.5 Billion 4. Long-Term Capital Management, $4.6 Billion 3. Amaranth Advisors, $6.5 Billion 2. Société Générale, $7.2 Billion 1. Morgan Stanley, [...]
The Great Depression
During the economic boom of the Roaring Twenties, the traditional values of rural America were challenged by the Jazz Age, symbolized by women smoking, drinking, and wearing short skirts. The average American was busy buying automobiles and household appliances, and speculating in the stock market, where big money could be made. Those appliances were bought on [...]
History Matters: Lessons Learned from the Great Depression and Recession
Many of us are familiar with the quote by George Santayana, “Those who cannot remember the past are condemned to repeat it.” We may remember his sage advice in a different variation, since quotes, like whispers travelling through children’s’ ears, can be altered, or even restated and credited to another, but the gist has remained [...]
Also posted in History Matters
Tagged bernanke great depression, federal reserve great depression, George Santayana quote, great depression economics, Great Recession, great recession causes, great recession of 2009, great recession vs great depression, History Matters, Lessons Learned from the Great Depression, quote by George Santayana
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