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Category Archives: Stories

Historic facts about world economy

British East India Company 1600: Trade and Empire

In 1600, Queen Elizabeth I chartered the British East India Company, which ruled vast territories in India.

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Chicago Fire 1871: Rise of Modern Insurance Industry

The Great Fire of Chicago (1871) destroyed businesses but led to the rise of modern insurance firms like Lloyd's and State Farm.

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Industrial Revolution in Britain Economic Transformation

The Industrial Revolution, beginning in 18th-century Britain, transformed economies across the world. Steam engines, mechanized looms, and iron production revolutionized manufacturing and transportation. Britain became the “workshop of the world,” exporting goods on an unprecedented scale. However, industrialization also brought View diagram Industrial Revolution in Britain Economic Transformation→

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Britain 1931: Leaving the Gold Standard

Britain 1931: Leaving the Gold Standard

Britain left the gold standard in 1931, allowing monetary flexibility and influencing global financial policy shifts.  In September 1931, Britain’s decision to abandon the gold standard marked one of the most dramatic turning points in modern economic history. For years, View diagram Britain 1931: Leaving the Gold Standard→

Posted in Stories | Tagged Britain economy, UK economy, United Kingdom economy

Black Death 1300s: Economic Impact on Europe

The 14th-century Black Death killed a third of Europe, causing labor shortages, rising wages, and reshaping economic structures.

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Canada – US Tariffs Trade War Explained

Canada – US Tariffs Trade War Explained

The long-standing economic partnership between the United States and Canada—built on mutual trade, shared supply chains, and geographic proximity—is now under significant strain. In 2025, Canada’s economy was still much dependent on US economy and remained one of the United View diagram Canada – US Tariffs Trade War Explained→

Posted in Economy, Stories | Tagged Canada economy, United States economy, USA economy

British East India Company 1600: Trade and Empire

In 1600, Queen Elizabeth I chartered the British East India Company, controlling trade in India and establishing economic dominance.

Posted in Stories

Slave Trade Economy: Dark History of Global Capitalism

The transatlantic slave trade, while a human tragedy, financed early capitalist economies, supplying labor for plantations and global commerce.

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Japanese Rice Futures: Origins of Modern Derivatives

17th-century Japan introduced rice futures for stable prices, creating one of the first derivative markets in history.

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California Gold Rush Economic Transformation

California Gold Rush Economic Transformation

The California Gold Rush of 1848–1855 triggered one of the most dramatic economic transformations in U.S. history. What began as a local discovery at Sutter’s Mill rapidly drew hundreds of thousands of prospectors, entrepreneurs, and immigrants from around the world. View diagram California Gold Rush Economic Transformation→

Posted in Stories | Tagged United States economy, US Economy

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