and now I cant delete it
So I try again !
In the beginning.
Heres a little song I wrote, you might want to learn it note for note... ( all through this debate I have
highlighted important dates or points of interest ).
296CE Roman Emp. Diocletian ordered the burning of alchemical manuscripts for fear their
discoveries would debase his coinage. This may have set back the science of distillation.
269BC The Roman system of coinage was established.
Not a lot happened until man got greedy , 1720 Jan-Aug, Speculators in London bid up the price of
the South Sea Co., which had been granted a trading monopoly with South America and the Pacific.
The South Sea Bubble burst and London markets crashed. Speculation in government chartered trading
companies had led to artificially inflated equity prices with high leverage. The average stock dropped
98.5%. It reportedly took 100 years for markets to recover. In 1999 Edward Chancellor published
"Devil Take the Hindmost: A History of Financial Speculation." In 2002 Malcolm Balen authored “The
Secret History of the South Sea Bubble.”
1720 Mar 24, In Paris, banking houses closed in the wake of financial crisis. The "Mississippi Bubble"
burst as panicked investors withdrew their money from John Law's bank and Mississippi Company.
[see South Sea Bubble, Jan, 1720]
1945 Dec 27, The International Monetary Fund and the Int’l. Bank for Reconstruction and
Development (World Bank) were created. 28 nations signed an agreement creating the World Bank.
The IMF was created to promote healthy international trade and began transactions in 1947. The World
Bank was designed by Englishman John Maynard Keynes and American Harry Dexter White.
1946 Jan 30, The 1st issue of Franklin Roosevelt dime.
1946 Apr 21, John M. Keynes (62), English economist, died. He had recently negotiated a loan from
the US to keep Britain afloat. One condition of the $5 billion loan was that Britain make sterling fully
convertible into dollars.
1947 Mar 1, International Monetary Fund began operations.
1947 The General Agreement on Tariffs and Trade (GATT) was first signed to supplement the IMF.
The agreement was designed to provide an international forum that encouraged free trade between
member states by regulating and reducing tariffs on traded goods and by providing a common
mechanism for resolving trade disputes.
1952 Apr 15, Franklin National Bank issued the 1st bank credit card.
1953 Aug 21, The SF Chamber of Commerce reported that the city's 1951 per capita gross income was
$1,512, 40.8% above the state average.
1955 Aug 12, Pres Eisenhower raised the minimum wage from $0.75 to $1 an hour.
Hey life's looking up !
1955 Sep 26, The New York Stock Exchange suffered $44 million loss, the heaviest one-day loss since
So I try again !
In the beginning.
Heres a little song I wrote, you might want to learn it note for note... ( all through this debate I have
highlighted important dates or points of interest ).
296CE Roman Emp. Diocletian ordered the burning of alchemical manuscripts for fear their
discoveries would debase his coinage. This may have set back the science of distillation.
269BC The Roman system of coinage was established.
Not a lot happened until man got greedy , 1720 Jan-Aug, Speculators in London bid up the price of
the South Sea Co., which had been granted a trading monopoly with South America and the Pacific.
The South Sea Bubble burst and London markets crashed. Speculation in government chartered trading
companies had led to artificially inflated equity prices with high leverage. The average stock dropped
98.5%. It reportedly took 100 years for markets to recover. In 1999 Edward Chancellor published
"Devil Take the Hindmost: A History of Financial Speculation." In 2002 Malcolm Balen authored “The
Secret History of the South Sea Bubble.”
1720 Mar 24, In Paris, banking houses closed in the wake of financial crisis. The "Mississippi Bubble"
burst as panicked investors withdrew their money from John Law's bank and Mississippi Company.
[see South Sea Bubble, Jan, 1720]
1945 Dec 27, The International Monetary Fund and the Int’l. Bank for Reconstruction and
Development (World Bank) were created. 28 nations signed an agreement creating the World Bank.
The IMF was created to promote healthy international trade and began transactions in 1947. The World
Bank was designed by Englishman John Maynard Keynes and American Harry Dexter White.
1946 Jan 30, The 1st issue of Franklin Roosevelt dime.
1946 Apr 21, John M. Keynes (62), English economist, died. He had recently negotiated a loan from
the US to keep Britain afloat. One condition of the $5 billion loan was that Britain make sterling fully
convertible into dollars.
1947 Mar 1, International Monetary Fund began operations.
1947 The General Agreement on Tariffs and Trade (GATT) was first signed to supplement the IMF.
The agreement was designed to provide an international forum that encouraged free trade between
member states by regulating and reducing tariffs on traded goods and by providing a common
mechanism for resolving trade disputes.
1952 Apr 15, Franklin National Bank issued the 1st bank credit card.
1953 Aug 21, The SF Chamber of Commerce reported that the city's 1951 per capita gross income was
$1,512, 40.8% above the state average.
1955 Aug 12, Pres Eisenhower raised the minimum wage from $0.75 to $1 an hour.
Hey life's looking up !
1955 Sep 26, The New York Stock Exchange suffered $44 million loss, the heaviest one-day loss since
Comments
Post a Comment