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  • 366 Days: the book

Tag: Economy

  • Podcast

25th March 1957: Treaty of Rome signed, which laid the foundations for the European Economic Community

  • 25th March 2022
  • Tagged as: Agreement, Economics, Economy, Europe, European Union, Italy, Politics, Rome, Treaty

The EEC, sometimes referred to as the Common Market, survived until 2009 when it was absorbed into the European Union.

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  • Podcast

10th March 2000: The NASDAQ index peaks at the height of the dot-com bubble

  • 10th March 2022
  • Tagged as: Computing, Economics, Economy, Finance, Investment, Money, NASDAQ, Shares, Stock Market, Technology

The economic bubble that is also referred to as the ‘dot-com boom’ was the result of investors speculatively pouring money into the numerous internet companies that were founded in the mid- to late-1990s.

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  • Podcast

15th February 1971: Decimal Day in the United Kingdom and Ireland as they abandon their old currency of pounds, shillings and pence

  • 15th February 2022
  • Tagged as: Currency, Decimal Day, Economy, Ireland, Money, UK, United Kingdom

The early introduction of three of the six new coins, together with an extensive publicity campaign, contributed greatly to the smoothness of Decimal Day when it finally came about in 1971.

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  • Podcast

6th February 1778: France and the US sign the first treaties that recognise American independence

  • 6th February 2022
  • Tagged as: Alliance, America, American Revolution, American War of Independence, Benjamin Franklin, Britain, Diplomacy, Economy, France, Louis XVI, Trade

France and the United States signed the first two treaties ever negotiated by the American government, and which formally recognised the independence of the United States.

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  • Podcast

9th January 1799: Modern income tax introduced to pay for the French Revolutionary Wars

  • 9th January 2022
  • Tagged as: Britain, Economics, Economy, England, Finance, France, French Revolution, French Revolutionary Wars, Napoleon, Pitt the Younger, Tax, Taxation, United Kingdom, War of the First Coalition

Although the income tax was abolished in 1802, it was reinstated and repealed another two times before being made permanent.

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  • Podcast

1st January 1772: First traveller’s cheques, known as “circular notes”, put on sale

  • 1st January 2022
  • Tagged as: American Express, Currency, Economy, Europe, Finance, Grand Tour, London, Travel

The first traveller’s cheques, in the form of a ‘circular note’ issued by a bank, went on sale in London.

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  • Podcast

16th December 1773: The Boston Tea Party throws a shipment of tea into Boston Harbor

  • 16th December 2021
  • Tagged as: America, American War of Independence, Boston, Economy, Samuel Adams, Sons of Liberty, Tax, Townshead Acts, USA

The British government had passed the Tea Act seven months earlier on 10 May, partly in an attempt to support the struggling East India Company.

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  • Podcast

24th October 1929: Black Thursday marks the start of the Wall Street Crash

  • 24th October 2021
  • Tagged as: America, Depression, Economy, Great Depression, New York, New York City, United States, Wall Street, Wall Street Crash

Although the scale of panic selling did slow down, the market continued its downward trajectory for over 2 years.

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  • Podcast

15th October 1923: Rentenmark introduced in Weimar Germany in an attempt to stop the hyperinflation crisis

  • 15th October 2021
  • Tagged as: Economy, Finance, Germany, Hyperinflation, Money, Ruhr, Stresemann, Weimar

The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.

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  • Podcast

1st October 1928: The USSR introduces the first five-year plan under Joseph Stalin

  • 1st October 2021
  • Tagged as: Communism, Economy, Stalin, USSR

Although the targets were constantly revised to the point where they could never be achieved, the first five-year plan firmly set the USSR on the road to becoming a world superpower.

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