Browsing Category "Finance"
History of the National Debt
By     |    Mar 4, 2010
Posted in: Finance     |    No Comments

History of the National Debt

A country’s national debt is the money owed by the government to third parties. When a country runs for consecutive years at a deficit (which means it is spending more money than it is earning), the debt grows and has to be financed by loans, as it is in the case for a corporation or an individual. The U.S. national debt has fluctuated very significantly throughout history. It focuses attention [...]

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History of International Monetary Fund
By     |    Mar 3, 2010
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History of International Monetary Fund

The economic crisis that the world is experiencing today is nothing compared to the Great Depression experienced in the 1930s, an economic depression that served as the basis of the establishment of the International Monetary Fund (IMF). During this time several countries tried to save their failing economies by creating a barrier between them and other foreign countries. But instead of salvaging what they had, this led to further economic [...]

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History of Bank of America
By     |    Mar 2, 2010
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History of Bank of America

Bank of America is the largest bank in the United States in terms of assets (and among the largest banks in terms of market capitalization). It originated in California and expanded – through organic growth and mergers – to become a truly global institution with a presence in 150 countries and an unrivaled U.S. network. Bank of America has put a lot of emphasis on developing its brand and diversity: [...]

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History of DJIA (Dow Jones Industrial Average)
By     |    May 12, 2009
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History of DJIA (Dow Jones Industrial Average)

The Dow Jones Industrial Average (DJIA) is one of America’s oldest stock market indexes and lists 30 companies that together are held representative of the health of the industrial stocks, and allows investors to chart the progress of individual stocks or groupings of stocks against a weighted average. The DJIA is assessed regularly and defunct or unrepresentative companies replaced with new entrants. The DJIA owes its conception to Charles Henry [...]

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History of Electronic Money
By     |    May 12, 2009
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History of Electronic Money

Electronic money is a fairly recent invention in the history of money and commerce, and typically means that currency with real value, and which can be exchanged for traditional cash, is instead entirely digital (or virtual). Electronic money only exists in digital format, and can be primarily based on the Internet or on smart cards that maintain a record of their stored value. Transactions carried out electronically are also known [...]

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