2010
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 […]
2010
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 […]
2010
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 […]
2009
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 […]
2009
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 […]