The concept of a lottery, in which lots were drawn to determine a winner, had been around for centuries before Queen Elizabeth I chartered a prize draw to raise money for the “reparation of the havens and strength of the Realme, and towardes such other publique good works”.
The first traveller’s cheques, in the form of a ‘circular note’ issued by a bank, went on sale in London.
Alexander Hamilton was made the first United States Secretary of the Treasury by President George Washington.
Antipope John XXIII made the Medici Bank the official bank of the Papacy.
On the 8th July 1932, the Dow Jones Industrial Average – a key indicator of the value of America’s biggest companies – fell to its lowest point during the Great Depression that began with the Wall Street Crash.
By the start of the 17th century merchants from the Dutch Republic had begun to undertake voyages to the ‘Spice Islands’ of the Indian Ocean.
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.