Business and Finance News for Students by Students
On this day in 2002, the world of telecommunications was rocked when the telecommunications company Global Crossing filed for bankruptcy. The company had been founded in 1997 and quickly rose…
On this day in 1997, a series of massive Ponzi schemes in Albania simultaneously collapsed, leading to a financial crisis that would soon be dubbed the “Albanian Pyramid Scam”. What…
On this day in 1932, the United States was reeling from the effects of the Great Depression. Unemployment had skyrocketed to an unprecedented 24 percent, with the average American worker…
On this day in 1932, On this day in 1932, President Herbert Hoover created the Reconstruction Finance Corporation (RFC). Its mission was to provide federal loans to businesses and state…
On this day in 1980, On the morning of January 21st, 1980, silver prices hit their all-time high when adjusted for inflation. This was a momentous moment for the precious…
On this day in 1999, Federal Reserve Chairman Alan Greenspan issued a historic warning to Congress about stock market valuations. In his speech, he expressed concern about the high level…
On this day in 1956, the Ford Motor Company made history when it held its initial public offering (IPO). It was the first time the company had opened its doors…
On this day 32 years ago, the Persian Gulf War began. It was a long and difficult conflict that lasted for over 8 months and cost thousands of lives in…
On this day in 2000, the Dow Jones Industrial Average (DJIA) hit an all-time high of 11,722.98, marking the peak of the dot-com bubble and the end of the technology…
On this day in 1955, Chase National Bank, one of the most prestigious banks in the United States, merged with Bank of Manhattan, a smaller, but well-respected New York City…