AOM chapter 2


Comments

Post a Comment

Popular posts from this blog

The Future of Work - Connor Morley

Image
The future of work in America is, like any prediction, ultimately uncertain, but there are numerous factors that are contributing to what can be predicted. Through the careful gathering of data by the McKinsey global institute, it is plain to see what jobs/lines of work are likely set to thrive and which ones might be in danger. It seems to be the trend that the jobs most in danger of displacement are the ones that are on the lower end of the pay scale. This appears to be correlated highly with jobs whose workers do not possess college degrees, as evidenced by this graph: Which shows that college degrees are more important than ever in a global economy less willing to shell out the big bucks on manufacturing and blue-collar work than ever, even though they constitute the largest portion of jobs in the world relative to other occupations, which really illustrates certain inequalities brought-on by a country exemplifying a capitalist model, such as the United States.  ...
Read more

AOM2

Bond markets were first established during the Italian Renaissance to accommodate for Florence’s extreme debt and have since affected the rise and fall of great nations and individuals throughout history.  Florence fell into extreme debt because of the wars and recognized that they could not continue fighting if they didn’t have the money for it. As a last resort, they began taxing their citizens but with an interest rate in return. The bonds were considered liquid assets and citizens were allowed to buy and sell their bonds for cash. The limits to bonds were that increasing debt required more bonds and more bonds meant their value decreased. The Bond market enabled the Rothschild family in particular Nathan Rothschild to make a fortune and gain power. The Rothschilds made their first fortune by betting on the outcome of the battle of Waterloo. The Rothschild brothers also located themselves in Paris, Frankfurt, London, Amsterdam, and bought and sold bonds depending on whether t...
Read more

Ascent of Money 2

Stocks and bonds are the two most traded assets available today. However, like with any investment, both possess inherent risks that are associated with them. Nevertheless, one would be remiss in not properly paying attention to an international trade whose value today hovers around $18 trillion. In fact, it makes sense that bonds were the second major development in the realm of money. Governments, especially in the times of war, needed monetary aid in order to provide for their invasions and conquests. This doesn't necessarily persist as much into the modern day (where invasions and conquests are not nearly as common as they once were). Nevertheless, bonds are still a major player in the world of finance. Additionally, the advent of proper record-keeping and financial numeration from people such as Fibonacci is a major player in the realm of bonds becoming more and more influential up until the modern day. This use of ledgers has continued in some form since then, although of cou...
Read more