Category: Economics and History

The Malthusian Trap

“I think I may fairly make two postulata. First, that food is necessary to the existence of man. Secondly, that the passion between the sexes is necessary and will remain nearly in its present state. These two laws ever since we have had any knowledge of mankind, appear to have...

Black Monday

On October 19, 1987 stock markets around the world crashed, a global financial crisis which started from Hong Kong and was spread to Europe and the United States as well. It came be to known as the Black Monday. Wall Street went mad. The Dow Jones Industrial Average fell 508...

Wall Street Bombing 1920

“[It was] an unexpected, death-dealing bolt, which in a twinkling turned into a shamble the busiest corner of America’s financial center. […] Almost in front of the steps leading up to the Morgan bank was the mutilated body of a man. Other bodies, most of them silent in death, lay...