The first known currency, the Mesopotamian shekel, dates back 5,000 years. Since then, people have used everything from furs to salt to livestock as money. How did modern currency come about? […]
At the turn of the millennium, Blockbuster Video was the king of video rental stores. Ten years later, they were bankrupt. How did Netflix beat Blockbuster? […]
Government oversight of the banking industry is a controversial subject. Regulation can provide financial system stability, but can also be costly. How do governments regulate banks and financial firms in the United States? […]
The World Bank provides assistance to developing countries worldwide. This assistance can come in the form of technical or financial aid. What is its organizational structure like? […]
America’s gross domestic product (GDP) is continuing on a steady rate of growth. Adjusted for inflation, the GDP increased by 2.9% at the end of 2022. How does human behavior affect economic growth? […]
Why do exchange rates matter? Any time one country’s exchange rate increases, the prices of its goods and services go up in other countries. Varying rates affect import and export prices around the world. […]
A merger is when two businesses combine to become one. Mergers can be friendly or “hostile,” in which the target company has little to no say in the matter. How do businesses come together in a merger or acquisition? […]
The Great Depression was an event that devastated not just American families and business, but also the lives of people and nations around the world. How did this chapter of history ultimately shape the face of the modern world? […]
It takes solid strategic planning in order to negotiate effectively. What type of outcome you walk away with depends on the specifics of the situation, but here’s how one student used the “I FORESAW IT” mnemonic to make the best of a bad situation. […]
In order to get the best out of negotiations, you may need to employ advanced negotiation tactics. This is where the mnemonic “I FORESAW IT” can help! […]
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