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James Hanson, Baron Hanson
James Edward Hanson, Baron Hanson (20 January 1922 – 1 November 2004) was an English industrialist who built his businesses through the process of leveraged buyouts through Hanson plc. Hanson's billion-dollar empire earned him the nickname "Lord Moneybags".
Trading basicsJapanese economic miracle
The Japanese economic miracle (Japanese: 高度経済成長, romanized: Kōdo keizai seichō) refers to a period of economic growth in post–World War II Japan. It generally refers to the period from 1955, around which time the per capita gross national income of the country recovered to pre-war levels, and to the onset of the 1973 oil crisis.
Securities & exchangesJo Nesbø
Jon "Jo" Nesbø (Norwegian: [ˈjuː ˈnɛ̀sbøː]; born 29 March 1960) is a Norwegian novelist and musician. His books had sold over 50 million copies worldwide by 2021, making him the most successful Norwegian author to date. He first came to prominence as a musician with country-pop band Di Derre.
Securities & exchangesJohn Cobb (racing driver)
John Rhodes Cobb (2 December 1899 – 29 September 1952) was an early to mid 20th century English racing motorist. He was three times holder of the World Land Speed Record, in 1938, 1939 and 1947, set at Bonneville Speedway in Utah, US. He was awarded the Segrave Trophy in 1947. He was killed in 1952 whilst piloting a jet-powered speedboat attempting to break the World Water Speed Record o
Trading basicsJohn Hay Whitney
John Hay Whitney (August 17, 1904 – February 8, 1982) was an American venture capitalist, sportsman, philanthropist, newspaper publisher, film producer and diplomat who served as U.S. Ambassador to the United Kingdom, publisher of the New York Herald Tribune, and president of the Museum of Modern Art.
Fiat currenciesJudaea Capta coinage
Judaea Capta coins (also spelled Judea Capta, and, on many of the coins, IVDAEA CAPTA) were a series of commemorative coins originally issued by the Roman emperor Vespasian to celebrate the capture of Judaea and the destruction of the Second Jewish Temple by his son Titus in AD 70 during the First Jewish Revolt. There are several variants of the coinage. The reverse of the coins may show
Trading basicsJute trade
The jute trade is centered mainly around India's West Bengal and Assam, and Bangladesh. The major producing country of jute is India and biggest exporter is Bangladesh, due to their natural fertile soil. Production of jute by India and Bangladesh are respectively 1.968 million ton and 1.349 million metric ton. Bengal jute was exported to South East Asia from the 17th century by the Dutch
Trading basicsKlöckner & Co
Klöckner & Co SE (also known as Klöckner, KlöCo, or KCO) is a producer-independent processor of steel and metal products. With a network of 110 warehousing and processing locations, Klöckner & Co supplies over 60,000 customers, mainly in Europe and North America.
BankingKurt Baron von Schröder
Kurt Freiherr von Schröder (24 November 1889 in Hamburg, German Empire – 4 November 1966 in Hamburg, West Germany) was a German nobleman, financier and SS-Brigadeführer. He is most famous for hosting the negotiations between members of Paul von Hindenburg's camarilla, Franz von Papen and Adolf Hitler in order to form a government after the German federal election of November 1932, which
Trading basicsLaukkuryssä
In Finland, "laukkuryssä" , also reppuryssä (Finnish for "bag Russian", Swedish: påsaryssar) were travelling salesmen who went around Finland and northern Sweden from the middle 19th century to the early 20th century. Despite the name, "laukkuryssäs" were not ethnically Russian, but instead Karelian peasants from East Karelia. Their trade was called a "bag trade", after the large leather
BankingLe Chiffre
Le Chiffre (French: [lə ʃifʁ], 'The Cypher' or 'The Digit') is a fictional character and the main antagonist of Ian Fleming's 1953 James Bond novel, Casino Royale. On screen Le Chiffre has been portrayed by Peter Lorre in the 1954 television adaptation of the novel for CBS's Climax! anthology television series, by Orson Welles in the 1967 spoof of the novel and Bond film series, and by M
Fiat currenciesLeper colony money
Leper colony money was special money (scrip or vouchers) which circulated only in leper colonies (sanatoriums for people with leprosy) due to the fear that money could carry leprosy and infect other people. However, leprosy is not easily transmitted by casual contact or objects; actual transmission only happens through long-term, constant, intimate contact with leprosy sufferers and not
FinanceLeverage cycle
Leverage is defined as the ratio of the asset value to the cash needed to purchase it. The leverage cycle can be defined as the procyclical expansion and contraction of leverage over the course of the business cycle. The existence of procyclical leverage amplifies the effect on asset prices over the business cycle.
Trading basicsLME Nickel
LME Nickel refers to the spot, forward, and futures contracts, trading on the London Metal Exchange (LME) for primary nickel. These contracts are used for price hedging, physical delivery, investment, and speculation. Nickel futures contracts are used to hedge price risks and as a reference for prices. As of late 2024, LME nickel contracts were linked to approximately 230,000 tonnes of p
Trading basicsLondon Agreement on German External Debts
The London Agreement on German External Debts, also known as the London Debt Agreement (German: Londoner Schuldenabkommen), was a debt relief treaty between the Federal Republic of Germany and creditor nations. The Agreement was signed in London on 27 February 1953, and came into force on 16 September 1953.
Fiat currenciesLondon Gold Pool
The London Gold Pool was the pooling of gold reserves by a group of eight central banks in the United States and seven European countries that agreed on 1 November 1961 to cooperate in maintaining the Bretton Woods System of fixed-rate convertible currencies and defending a gold price of US$35 per troy ounce by interventions in the London gold market.
Fiat currenciesMaastricht Treaty
The Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve member states of the European Communities, it announced "a new stage in the process of European integration" chiefly in provisions for a shared European citizenship, for the eventual introduction of a single currency, and (w
Fiat currenciesMacedonian denar
The denar (Macedonian: денар; plural: denari / денари; abbreviation: den / ден; ISO code: MKD) is the currency of North Macedonia. Though subdivided into one hundred deni (дени), coins with a denomination of less than one denar have not been in use since 2013.
Trading basicsMassachusetts Miracle
The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment. During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic increase in personal income.
BankingMax Heiliger
Max Heiliger was a false identity created during the Nazi era to establish bank accounts for laundering and fencing valuables stolen from those murdered in the Holocaust. Additionally, stolen artwork, and furniture from vacated homes of Holocaust victims was collected separately and auctioned; the resulting funds were then funneled into the same accounts. Its creation was authorized by R
Trading basicsMedia manipulation
Media manipulation refers to orchestrated campaigns in which actors exploit the distinctive features of broadcasting mass communications or digital media platforms to mislead, misinform, or create a narrative that advances the interests and agendas of perpetrators of such campaigns.
BankingMerck family
The Merck family is a German noble family of industrialists and bankers, known for establishing the world's oldest pharmaceutical company Merck, its American former subsidiary Merck & Co. (MSD), which is now an independent company, as well as the Hamburg merchant bank H. J. Merck & Co. The family still owns the majority of the pharmaceutical company Merck, making them one of the richest
Payments & settlementMilitary payment certificate
Military payment certificates, or MPC, was a form of currency used to pay United States (US) military personnel in certain foreign countries in the mid and late twentieth century. They were used in one area or another from a few months after the end of World War II until a few months after the end of U.S. participation in the Vietnam War – from 1946 until 1973. The certificates were made
FinanceMinistry of Finance (Russia)
The Ministry of Finance of the Russian Federation (Russian: Министерство финансов Российской Федерации), also known as MinFin (Минфин России), is a ministry of the Government of Russia responsible for financial policy and general management in the field of finance.
FinanceMinistry of Finance (Ukraine)
The Ministry of Finance of Ukraine (Ukrainian: Міністерство фінансів України) is the ministry of the Government of Ukraine charged with developing and implementing national financial and budget policies, and with defining national policies in customs and taxation. The ministry is responsible for ensuring that the state has enough resources to perform its functions and that financial poli
FinanceMinistry of the Treasury
The Ministry of the Treasury (大蔵省, Ōkura-shō; lit. 'the department of the great treasury') was a division of the eighth-century Japanese government of the Imperial Court in Kyoto, instituted in the Asuka period and formalized during the Heian period. The Ministry was replaced in the Meiji period.
BankingMitsui family
The Mitsui family (三井家, Mitsui-ke) is a Japanese banking and business family who established the Mitsui Group.
Fiat currenciesMonetary hegemony
Monetary hegemony is an economic and political concept in which a single state has decisive influence over the functions of the international monetary system. A monetary hegemon would need:
FinanceMonetary reform in the Soviet Union, 1922–24
The 1922–1924 monetary reform of the Soviet Union was a set of monetary policies which was implemented in the Soviet Union as a part of the Soviet government’s New Economic Policy. The principal objectives of the reform included stopping the effects of hyperinflation, establishing a unified medium of exchange and the creation of a more-independent central bank.
FinanceMonetary reform in the Soviet Union, 1947
The monetary reform in the Soviet Union of 1947 (known as the "postwar reform") was carried out during December 16–19, 1947. It was the second Soviet monetary reform. At the same time the post-World War II rationing system was discontinued. The reform was a combination of redenomination and confiscation, the latter depending on the amount exchanged and whether the monies were kept at t
FinanceMonetary reform in the Soviet Union, 1961
A monetary reform of the Soviet ruble, also known as the Khrushchev reform (after Nikita Khrushchev, the Soviet leader at the time), took place on 1 January 1961. The reform consisted of the devaluation of the ruble against the United States dollar, and the redenomination of the ruble at a ratio of 10 to 1.
Trading basicsMurder of Nancy Pfister
Nancy Merle Pfister was an American woman who was found murdered on February 26, 2014, in a walk-in closet of her secluded home in the Rocky Mountains. She had been beaten in the head and chest with a hammer, ax, and lamp. Pfister has been described as having been a "small-town socialite" and was well known in her small community. In October 2014, Trey and Nancy Styler, Pfister's former
Trading basicsNebbia v. New York
Nebbia v. New York, 291 U.S. 502 (1934), was a case in which the Supreme Court of the United States decided that New York State could regulate the price of milk for dairy farmers, dealers, and retailers.
Fiat currenciesNeutrality of money
Neutrality of money is the idea that a change in the money supply affects only nominal variables in the economy such as prices, wages, and exchange rates, with no effect on real variables, like employment, real GDP, and real consumption. Neutrality of money is an important idea in classical economics and is related to the classical dichotomy. It implies that the central bank does not aff
Fiat currenciesNew Guinean pound
The pound was the currency of the Australian Territory of New Guinea between 1915 and 1966, and replaced the New Guinean mark when Australia occupied the former German colony at the end of World War I. The New Guinean pound was subdivided into 20 shillings, each of 12 pence, and was equal to the Australian pound.
Trading basicsNominal interest rate
In finance and economics, the nominal interest rate or nominal rate of interest is the rate of interest stated on a loan or investment, without any adjustments for inflation.
Trading basicsOffice of Price Administration
The Office of Price Administration (OPA) was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941. The functions of the OPA were originally to control money (price controls) and rents after the outbreak of World War II.
Trading basicsPanic buying
Panic buying (alternatively hyphenated as panic-buying; also known as panic purchasing) occurs when consumers buy unusually large amounts of a product in anticipation of, or after, a disaster or perceived disaster, or in anticipation of a large price increase or shortage.
Trading basicsPensions crisis
The pensions crisis, or pensions time bomb is the predicted difficulty in paying for corporate or government pension benefits in various countries, due to a mismatch between pension obligations and the resources set aside to fund them. The basic difficulty of the pension problem is that institutions must be sustained over far longer than the political planning horizon. Shifting demograph
FinancePFTS index
PFTS index is a benchmark index of PFTS Ukraine Stock Exchange, Ukraine's leading bourse. Beside PFTS Index, there are also the UX Index of the Ukrainian Exchange and the Ukrainian Average Index 50 (UAI-50) being composed by analysts of internet-publisher fundmarket.ua.
Securities & exchangesPoseidon bubble
The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon NL of the early indications of a promising nickel deposit in September 1969.
Trading basicsPost–World War II economic expansion
The post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism was a broad period of worldwide economic expansion beginning with the aftermath of World War II and ending with the 1973–1975 recession. The United States, the Soviet Union, Australia and Western European and East Asian countries in particular experienced unusually high and s
Payments & settlementPostal order
A postal order or postal note is a type of money order usually intended for sending money through the mail. It is purchased at a post office and is payable to the named recipient at another post office. A fee for the service, known as poundage, is paid by the purchaser. In the United States, this is known as a postal money order. Postal orders are not legal tender, but a type of promiss
Trading basicsPostmodern marketing
Postmodern marketing is a term derived from postmodern philosophical movements where there are cultural tendencies of inherent suspicion towards a global cultural narrative or meta-narrative. Postmodern marketing takes this same philosophical perspective and applies it to the way advertising initiatives are handled in the current post-World War II era. Postmodern marketing is approachi
Fiat currenciesPrice level
The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set. Typically, the general price level is approximated with a daily price index, normally the Daily CPI. The general price level can change more than on
FinancePrudential capital controls
Prudential capital controls are ways of financial regulation that aim to mitigate risk to the financial system as a whole, usually taking the form of residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account. Prudential capital controls
Fiat currenciesQiang tie
Qiang tie (Chinese: 羌帖; pinyin: qiāng tiē) is a Chinese folk name for banknotes of the Russian ruble issued by the Russian Empire and later by the White Army. The main regions of ruble transactions in China were concentrated along the Chinese Eastern Railway and Harbin in Manchuria and Ili and Tacheng in Xinjiang. Russian currency in China began circulating in the 1860s and were withdraw
BankingQianzhuang
Qianzhuang (Chinese: 錢莊; Wade–Giles: ch'ien-chuang) were local independent Chinese banks in the early modern period, as distinguished from the nationwide bank networks headquartered in Shanxi province called the "Shanxi banks" or piaohao. These banks first sprung up during the Ming dynasty but greatly expanded during the Qing dynasty. Unlike the Shanxi banks, the qianzhuang tended to hav
Trading basicsReal and nominal value
In economics, nominal value refers to value measured in terms of absolute money amounts, whereas real value is considered and measured against the actual goods or services for which it can be exchanged at a given time. Real value takes into account inflation and the value of an asset in relation to its purchasing power. In macroeconomics, the real gross domestic product compensates for i
Trading basicsReal interest rate
The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate.
FinanceRepudiation of debt at the Russian Revolution
In February 1918, shortly after the Bolsheviks seized power in the Russian Revolution, their Council of People's Commissars repudiated the sovereign debt and other financial obligations of Russia. This position shocked international finance and triggered unanimous condemnation by the governments of the great powers. The British, and especially the French, had lost millions of pounds of f
Securities & exchangesRichard Donchian
Richard Davoud Donchian (September 1905 – April 24, 1993) was an American commodities and futures trader, and a pioneer in the field of managed futures.
Fiat currenciesScandinavian Monetary Union
The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century. The union ended during World War I.
Trading basicsSection of Painting and Sculpture
The Treasury Section of Painting and Sculpture was a New Deal art project established on October 16, 1934, and administered by the Procurement Division of the United States Department of the Treasury.
BankingSergeant Wilson
Sergeant Arthur Wilson is a fictional Home Guard platoon sergeant and bank chief clerk, first portrayed by John Le Mesurier in the BBC television sitcom Dad's Army.
Trading basicsShock (economics)
In economics, a shock is an unexpected or unpredictable event that affects an economy, either positively or negatively. Technically, it is an unpredictable change in exogenous factors—that is, factors unexplained by an economic model—which may influence endogenous economic variables.
Fiat currenciesSilver certificate (United States)
Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Coinage Act of 1873, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face valu
Trading basicsSilver Thursday
Silver Thursday refers to the sharp collapse in the United States silver and silver futures markets on Thursday, March 27, 1980. The crisis followed a rapid rise in silver prices and the accumulation of a large long position by members of the Hunt family, principally Nelson Bunker Hunt and William Herbert Hunt, with Lamar Hunt involved to a lesser extent. The term is used both for the tr
BankingSina family
The Sina or Sinas family was a prominent banking family in the Austrian Empire, ennobled with the title of Barons of Hodos and Kisdia. For less than a century, they were among the wealthiest and most economically influential dynasties in the empire, being the fiercest competitors of the Rothschild family. The Sina family was also the only Christian family among the leading banking houses
BankingSoviet ruble
The Soviet ruble or rouble (; Russian: рубль, romanized: rubl', IPA: [rublʲ]) was the currency of the Soviet Union. It was introduced in 1922 and replaced the Imperial Russian ruble. One ruble was divided into 100 kopecks (копейка, pl. копейки – kopeyka, kopeyki). Soviet banknotes and coins were produced by Goznak in Moscow and Leningrad.
Trading basicsSpanish miracle
The Spanish economic miracle (Spanish: milagro económico español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, in which GDP averaged a 6.5 percent growth rate per year, and was itself part of a much longer period of an above average GDP growth rate from 1
Fiat currenciesStelo
The stelo ("star"; plural: steloj) was from 1945 to 1993 a monetary unit of Esperantists, one of whose aims was to achieve a single world currency. Attempts at an earlier currency, the speso, were cut short by the First World War. For a time the Universal League (Esperanto: Universala Ligo), part of the Esperanto movement, issued coupons and coins denominated in steloj, making attempts t
FinanceStochastic calculus
Stochastic calculus is a branch of mathematics that operates on stochastic processes. It allows a consistent theory of integration to be defined for integrals of stochastic processes with respect to stochastic processes. This field was created and started by the Japanese mathematician Kiyosi Itô during World War II.
Securities & exchangesStock exchanges in Ukraine
Stock exchanges in Ukraine are stock exchanges based in Ukraine. Stock exchanges really surfaced by the end of the 1990s, but it was not until the Orange Revolution when stock market in Ukraine showed a noticeable growth. As of 2020, a number of stock exchanges in Ukraine were owned by Russians.
Trading basicsStock market bubble
A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation.
Trading basicsSucden
Sucden (Sucres et Denrées) is a French-based commodity broker of soft commodities and other financial products headquartered in Paris. The firm started as a sugar broker and is now amongst the world leaders with a market share of around 15% in volume (as of 2016), or 9.5 million tonnes. It has offices around the world, including London and Hong Kong.
BankingSwiss Private Bankers Association
The Swiss Private Bankers Association is a Swiss trade association made up of banking institutions that meet the legal definition of a private banker according to Swiss law. It is based in Geneva, Switzerland, and currently has six members.
Trading basicsSymbols of the United States Department of the Treasury
Symbols of the United States Department of the Treasury include the Flag of the Treasury Department and the U.S. Treasury Seal. The original seal predates the department, having originated with the Board of Treasury during the period of the Articles of Confederation. The seal is used on all U.S. paper currency, and—like other departmental seals—on official Treasury documents.
Trading basicsTanzania Mercantile Exchange
Tanzania Mercantile Exchange is a commodity exchange in Tanzania. The commodities exchange is put in place to help various farmers access the domestic and global market better and obtain a fair price in selling of their produce. The exchange is currently undergoing training of their staff and has begun pilot trading in Sesame Seeds and Green Grams. The exchange plans to trade in coffee,
FinanceTaxation in Algeria
In Algeria, the most important sources of government revenue have been oil and gas royalties.
FinanceTaxation in Colombia
See Government of Colombia for a broader perspective of Colombian government.
FinanceTaxation in Ethiopia
Ethiopia has a long history of taxing its population. As of 2002, reforms have changed the way the tax system works in the nation; these reforms have aimed to centralize tax authority. Currently the nation's federal government lobbies many different types of taxes on its population; these taxes include income taxes on four main schedules, property taxes, and value added taxes (VAT).
Trading basicsTiger Cub Economies
The Tiger Cub Economies collectively refer to the economies of the developing countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam, the five dominant countries in Southeast Asia.
Trading basicsTiger economy
A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living. The term was originally used for the Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore) as tigers are important in Asian symbolism, which also inspired the Tiger Cub Economies (Indonesia, Malaysia, Thailand, Vietnam and the Philip
Securities & exchangesTim Rose-Richards
Thomas Essery "Tim" Rose-Richards (6 June 1902 – 7 October 1940) was a British racing driver and Second World War pilot.
FinanceTobin's q
Tobin's q (or the q ratio, and Marris's v), is the ratio between a physical asset's market value and its replacement cost. It was first introduced by Robin Marris as a firm-level microeconomic variable in his 1964 book The Economic Theory of Managerial Capitalism, and was shortly afterwards further analysed by Richard Kahn in early drafts of his paper Notes on the Rate of Interest and th
Trading basicsTotes Isotoner
Totes Isotoner Corporation, stylized totes»ISOTONER and often abbreviated to Totes, is an international umbrella, footwear, and cold weather accessory supplier, headquartered in Cincinnati, Ohio, United States. Totes is regularly billed in press reports as "the world's largest marketer of umbrellas". The company has divisions in the United States, Canada, UK, and France.
Trading basicsUnicorn bubble
A unicorn bubble is a theoretical economic bubble that would occur when unicorn startup companies are overvalued by venture capitalists or investors. This can either occur during the private phase of these unicorn companies, or in an initial public offering. A unicorn company is a startup company valued at, or above, $1 billion US dollars.
Trading basicsUnited States Savings Bonds
United States Savings Bonds are debt securities issued by the United States Department of the Treasury to help pay for the U.S. government's borrowing needs. They are considered one of the safest investments because they are backed by the full faith and credit of the United States government. The savings bonds are nonmarketable treasury securities issued to the public, which means they c
Trading basicsUnited States Treasury security
United States Treasury securities, also called Treasuries or Treasurys, are government debt instruments issued by the United States Department of the Treasury to finance government spending as a supplement to taxation. Since 2012, the U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.
Fiat currenciesVelocity of money
The velocity of money measures how many times one unit of currency is used to purchase goods and services within a given time period. In other words, it represents how many times per period money changes hands, or circulates to other owners in return for valuable goods and services. The concept relates the size of economic activity to a given money supply. The velocity of money is one of
Trading basicsVictor Posner
Victor Posner (September 18, 1918 – February 11, 2002) was an American businessman. He was one of the highest-paid business executives of his generation. He was a pioneer of the leveraged buyout and became notorious for asset stripping.
Payments & settlementVoucher
A voucher is a bond which is worth a certain monetary value and which may be redeemed only for specific reasons or on specific goods.
BankingWalter Granzow
Walter Granzow (13 August 1887 – 3 December 1952) was a German landowner, bank official, Nazi Party politician and SS-Brigadeführer. He served as the Minister-president of the Free State of Mecklenburg-Schwerin from 1932 to 1933. He was also the president and chairman of the board of several large German banks, and the great-grandfather of former German Vice Chancellor Robert Habeck.
BankingWalther Funk
Walther Immanuel Funk (18 August 1890 – 31 May 1960) was a German economist, Nazi official and convicted war criminal who served as Reichsminister for the Economy from 1938 to 1945 and president of the Reichsbank from 1939 to 1945. Funk oversaw the mobilization of the economy for Germany's rearmament and World War II, and the expropriation of assets of victims from Nazi concentration cam
Trading basicsWhat Has Government Done to Our Money?
What Has Government Done to Our Money? is a 1963 book by Murray N. Rothbard that details the history of money, from early barter systems, to the gold standard, to present day systems of paper money.
BankingWilhelm Ernst Barkhoff
Wilhelm Ernst Barkhoff (26 June 1916 – 30 September 1994) was a German solicitor, founder of anthroposophically oriented alternative banking, the GLS Bank, reformer of the German welfare system and inspirer of the movement for Ethical banking.
BankingWilliam Cockburn (banker)
Sir William Robert Marshall Cockburn (26 April 1891 – 1 September 1957) was a Scottish banker who spent most of his career with the Chartered Bank of India, Australia and China. He became the bank's managing director from 1940 to 1955.
Trading basicsWirtschaftswunder
The Wirtschaftswunder (German: [ˈvɪʁt.ʃaftsˌvʊndɐ] , lit. 'economic miracle'), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The expression was first used to refer to this phenomenon by The Times in 1950.
BankingWorld Jewish Congress lawsuit against Swiss banks
The World Jewish Congress lawsuit against Swiss banks was launched in 1995 to retrieve deposits made into the three largest Swiss banks (UBS, Credit Suisse and Swiss Bank Corporation) by victims of Nazi persecution during and before World War II. WJC negotiations were initiated with the Government of Switzerland and Swiss banks, and later expanded to cover Swiss insurance companies, over
Trading basicsWorld Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. Established on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, it succeeded the General Agreement on Tariffs and Trade (GATT), which was created in 1948. As the world's largest international economic organization, the WTO has 166 members, representing over
Fiat currenciesYen bloc
The yen bloc (円ブロック, En burokku) refers to a policy of economic imperialism wherein the yen, the currency of the Empire of Japan, dominated over the economies of its colonies and occupied territories. Initially established in Chōsen, it later spread to Manchukuo, Mengjiang, Japanese-occupied China, and Japanese-occupied Southeast Asia.
Trading basicsYield curve
A yield curve shows the relationship between yields and time to maturity for a set of comparable debt securities. In practice the term usually refers to curves built from a single issuer or market segment so that credit quality and other features are as similar as possible, for example the U.S. Treasury curve for government bonds.