The “silver standard” lasted for centuries, and the U.S., China, India, and Great Britain are countries that had adopted it. The Coinage Act of 1792, which created the U.S. Mint, first defined the dollar relative to silver, not gold. So why don’t we hear about the...
Europe has just posted downright dismal PMI (Purchasing Managers’ Index) numbers. The Purchasing Managers’ Index is a leading indicator of manufacturing activity and a carefully watched barometer of economic health. The latest PMI flash data that covers...
The infamous 1929 crash of the U.S. stock market heralded the economic meltdown that became known as the Great Depression. The turmoil of the Great Depression lasted 10 years, etching its place in history as the worst economic slump ever in the industrialized world....
Swarms of people headed to California during the gold rush of the mid 1800s in search of great fortune. But did you know that gold has been found in every state in the U.S.? The Gold Bullion Act of 1985 directed the Secretary of the Treasury to mint and issue gold...
Baby boomers are the children of the Greatest Generation and most often defined as those born between 1946 and 1964 during the post–World War II baby boom that saw the U.S. population surge by more than 76 million. Boomers, however, have proven to be great in their...