Business and Finance News for Students by Students
On this day in 2004, On February 4, 2004, Mark Zuckerberg launched Facebook, Inc. with the intention of creating a platform to connect people around the world. Little did anyone…
On this day in 1929, the National City Bank of New York made a groundbreaking announcement: they would be lending $25 million to stock market speculators. This was a significant…
On this day in 2006, the United States Senate overwhelmingly approved the appointment of Ben Bernanke as Chairman of the Federal Reserve. In a rare show of bipartisan support, the…
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…