Economy
Discover facts about economy. Small discoveries that change the way you see familiar things.
Economy
North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.
North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars…
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Japanese wrapping paper economy became so incredibly absurd during their financial asset bubble in the late 1980s that spending lavishly on packaging became a massive industry.
Japanese wrapping paper economy became so incredibly absurd during their financial asset bubble in the late 1980s that spending lavishly on packaging became a…
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Diaper indicator is an incredibly bleak retail metric noting that sales of larger sized diapers drop significantly right before a major economic recession hits.
Diaper indicator is an incredibly bleak retail metric noting that sales of larger sized diapers drop significantly right before a major economic recession…
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Russian Emperor Alexander the Second sold the entire territory of Alaska to the United States in 1867 for just seven point two million dollars, which equates to about two cents per acre.
Russian Emperor Alexander the Second sold the entire territory of Alaska to the United States in 1867 for just seven point two million dollars, which equates…
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Rapper 50 Cent negotiated a minority equity stake in Glaceau, the parent company of Vitamin Water, in exchange for endorsing the beverage back in 2004 instead of just taking a standard upfront cash fee.
Rapper 50 Cent negotiated a minority equity stake in Glaceau, the parent company of Vitamin Water, in exchange for endorsing the beverage back in 2004 instead…
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Retail corporations refer to the massive economic loss from shoplifting, employee theft, and administrative errors as shrinkage, a harmless-sounding term that actually costs the…
Retail corporations refer to the massive economic loss from shoplifting, employee theft, and administrative errors as shrinkage, a harmless-sounding term that…
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Spirit Airlines aggressively revolutionized the aviation economy by actively making the flight experience as miserable as legally possible, unbundling every single basic amenity…
Spirit Airlines aggressively revolutionized the aviation economy by actively making the flight experience as miserable as legally possible, unbundling every…
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Economist Paul Krugman famously coined the term 'leprechaun economics' to describe Ireland's massive twenty-six percent GDP growth in 2015, which was entirely a statistical…
Economist Paul Krugman famously coined the term 'leprechaun economics' to describe Ireland's massive twenty-six percent GDP growth in 2015, which was entirely…
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Red Bull does not actually manufacture its own energy drinks, relying instead on completely outsourced production while functioning almost entirely as a massive marketing company…
Red Bull does not actually manufacture its own energy drinks, relying instead on completely outsourced production while functioning almost entirely as a…
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Costa Rica completely abolished its military in 1948 and redirected its entire defense budget into public education, environmental protection, and a highly accessible healthcare system.
Costa Rica completely abolished its military in 1948 and redirected its entire defense budget into public education, environmental protection, and a highly…
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Influencer economy thrives entirely on the concept of fake engagement, where literal server farms in developing nations are paid to artificially inflate the follower counts of aspiring internet celebrities.
Influencer economy thrives entirely on the concept of fake engagement, where literal server farms in developing nations are paid to artificially inflate the…
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Cryptocurrency crashes repeatedly demonstrate that attempting to reinvent the global banking system with completely unregulated internet money just accidentally reinvents all the…
Cryptocurrency crashes repeatedly demonstrate that attempting to reinvent the global banking system with completely unregulated internet money just…
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Wealthy investors in 1980s Kuwait grew so bored with standard investments that they created an entirely unregulated shadow stock market in a parking garage called the Souk…
Wealthy investors in 1980s Kuwait grew so bored with standard investments that they created an entirely unregulated shadow stock market in a parking garage…
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Swedish retail businesses and banks have so completely embraced digital payments that countless stores violently refuse to accept cash, leaving physical money functionally useless in massive sectors of their economy.
Swedish retail businesses and banks have so completely embraced digital payments that countless stores violently refuse to accept cash, leaving physical money…
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Original concepts of the minimum wage were not actually designed to ensure that everyone could afford a comfortable life, but were heavily promoted to protect white union workers from cheap minority labor.
Original concepts of the minimum wage were not actually designed to ensure that everyone could afford a comfortable life, but were heavily promoted to protect…
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Roman soldiers were frequently paid a portion of their official wages in regular rations of salt, a historical practice that permanently embedded the concept of seasoning into our modern economic vocabulary.
Roman soldiers were frequently paid a portion of their official wages in regular rations of salt, a historical practice that permanently embedded the concept…
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United States currency is not actually made out of paper at all, but rather a durable fabric blend consisting of seventy-five percent cotton and twenty-five percent linen.
United States currency is not actually made out of paper at all, but rather a durable fabric blend consisting of seventy-five percent cotton and twenty-five…
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Great Pacific Garbage Patch has grown so massively large that if it were theoretically recognized as a sovereign nation, its plastic-based economy would be one of the fastest growing industrial sectors on the planet.
Great Pacific Garbage Patch has grown so massively large that if it were theoretically recognized as a sovereign nation, its plastic-based economy would be…
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Indigenous tribes in the highlands of Vanuatu have historically utilized a complex economic system where the primary currency is literally living pigs with artificially curved tusks.
Indigenous tribes in the highlands of Vanuatu have historically utilized a complex economic system where the primary currency is literally living pigs with…
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Financial institutions in the United States legally possessed the right to flatly refuse to issue a credit card to a single or married woman without the explicit written…
Financial institutions in the United States legally possessed the right to flatly refuse to issue a credit card to a single or married woman without the…
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President Franklin Roosevelt explicitly established the federal minimum wage during the Great Depression to guarantee that any working adult in the country could afford a decent…
President Franklin Roosevelt explicitly established the federal minimum wage during the Great Depression to guarantee that any working adult in the country…
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During the height of the 2008 financial crisis, you could literally buy a house in Detroit for less than the price of a used pair of designer shoes, with some properties selling for a single dollar.
During the height of the 2008 financial crisis, you could literally buy a house in Detroit for less than the price of a used pair of designer shoes, with some…
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United States has over sixteen million vacant homes currently sitting completely empty across the country, while simultaneously experiencing a crisis with roughly six hundred thousand homeless individuals.
United States has over sixteen million vacant homes currently sitting completely empty across the country, while simultaneously experiencing a crisis with…
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Rising global demand for cheap cashmere sweaters has directly led to the desertification of massive portions of the Mongolian steppes because cashmere goats eat grass by ripping it out by the roots.
Rising global demand for cheap cashmere sweaters has directly led to the desertification of massive portions of the Mongolian steppes because cashmere goats…
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