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Random Economic Facts

Established in 1602, the Dutch East India Company became the first publicly traded company.

1,200 BC: Cowrie shells were first used as currency and continued to be used in various parts of the world till the middle of the 20th century.

The U.S. dollar is the most common currency used in international transactions.

Kongō Gumi Co., Ltd. operated for 1,400 years until it was absorbed by another larger construction company.

When the stock market crashed in September 1929, the losses were not recovered until November 1954.

After the markets crashed in 1927, John Maynard Keynes proclaimed, “We will not have any more crashes in our time.”

Economic recession is considered a normal part of the business cycle.

The financial memory is considered to span 30 years.