George Soros 1992: Black Wednesday and Pound Sterling Crisis
George Soros broke the Bank of England in 1992 by shorting the pound, earning $1 billion in a day and highlighting currency market power.
Category Archives: Stories
Silk Road Early Global Trade Network
The Silk Road, connecting China to Europe, revolutionized early commerce. Beyond goods like silk and spices, it spread culture, religion, and technology. This vast trade network laid the foundation for globalization centuries before the term existed.
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.
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.
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
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
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.
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
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.
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.