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Bubbles from Tulips to Dot-Com

Bubbles from Tulips to Dot-Com

What Is A Bubble? In economics, a bubble occurs when an asset rapidly increases in value and begins to exceed the “intrinsic” value of said asset. The inflation of this bubble is followed by an equally rapid decline in prices, sometimes referred to as a “crash.” Often...
How Currencies Change

How Currencies Change

Defining Demonetization Demonetization occurs whenever a country changes their legal currency, stripping the previous currency of its status as legal tender. This is a fairly drastic move in economic policy, which does not happen frequently especially in the modern...
How Has Wealth Changed Over Time?

How Has Wealth Changed Over Time?

We live in an age of incredible wealth, where the world’s business leaders have been able to accumulate wealth on a truly massive scale. However, we may not actually be living at the same time as the wealthiest person ever to exist. As the modern economy has...
Hostile Takeovers & Going Private

Hostile Takeovers & Going Private

Buyouts, Acquisitions & Going Private A buyout, also known as an acquisition, occurs when a new owner manages to purchase a controlling interest in a company. In the case of a public company, a controlling interest would consist of at least 50% of all shares, thus...
What is Your Net Worth?

What is Your Net Worth?

You may have heard of the term “net worth” when discussing some of the world’s richest individuals like Jeff Bezos and Elon Musk, who have net worths well into the hundreds of billions. But what does it actually mean? Do these people have $200 billion sitting in a...