Before the fall of the German Wall, East Germany lacked significant resources to manufacture cars. As a result, the Trabant automobile used recycled cotton waste for the body instead of steel.
Americans wasted US$2 billion in 2015 putting premium gasoline into cars that don’t need it.
Mike Merrill has modeled his life after the stock market. He’s issued 1,000 “shares” of himself and life decisions are made by his shareholders’ votes. Some of the life decisions his investors have made for him are his hair color, the car he drives, his love interests, and even his diet.
Onions are the only commodity banned from futures trading in the United States. The Onion Futures Act was passed in 1958 after two traders cornered the onion market in Chicago controlling 98% of all available onions.
In 1923, Germany’s hyperinflation was so high, the exchange rate went from 9 marks to 4.2M marks to $1 USD. One German worker, who used a wheelbarrow to cart off billions of marks that were his week’s wages, was robbed by thieves who stole the wheelbarrow but left the piles of cash on the curb.
Dictator Robert Mugabe tried to stop a critic of Zimbabwe’s hyperinflation by levying ridiculous taxes on his newspaper; the writer retaliated with advertisements printed on trillion-dollar-bills, which was cheaper than actual paper.
The US economy has doubled in size since 1983, but the bottom 90% of earners have seen no growth in their income.
The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today. Approximately one out of every five households in the United States is now on food stamps. One out of every four American workers has a job that pays $10 an hour or less. 1.2 million students that attend public schools in America are homeless.
After the collapse of the South Sea company in 1720, which bankrupted many and severely affected the economy of England, a proposal was made in parliament to place bankers in sacks filled with snakes and throw them into the River Thames.