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Marc Chandler, Global Head of Currency Strategy for Brown Brothers Harriman and author of Making Sense of the Dollar: Exposing Dangerous Myths About Trade and Foreign Exchange, will speak at the first event in the Museum's 2010 Henry Kaufman Series.
"Actien Handel" (which means share trading) is a celebration of the financial ties between the United States and the Netherlands, and focuses on how intricately linked the two nations were in the 17th and 18th centuries.
Please join us for a reception to open “Actien Handel: Early Dutch Finance and the Founding of America.” This event is free and open to the public.
Learn about the history of the New York Mercantile Exchange (NYMEX) and its role within the world’s largest futures exchange, CME Group. Feel free to bring your lunch.
The Museum of American Finance isn't wasting any time and has already established a credit crisis exhibit.
The Museum of American Finance, a relatively-young museum found at the heart of New York’s Financial District, opened a new exhibit last week entitled “Tracking the Credit Crisis: A Timeline,” as the first exhibit to spotlight the ongoing global financial event that began some 18 to 24 months ago.
NPR - The Museum of American Finance has a new exhibit called "Tracking the Credit Crisis." It is basically a timeline displaying the major events of the global economic crisis, from the collapse of Lehman Brothers to the decision to save AIG.
On Wednesday, March 25 at 10:30 am, the Museum will host a press conference to open “Tracking the Credit Crisis: A Timeline,” an exhibit tracing the development of the current financial crisis.
The Museum of American Finance's new exhibition, "Tracking the Credit Crisis," starts its timeline in February 2007 when Mortgage Lenders Networks USA, the nation's 15th largest subprime lender, filed for bankruptcy, and tracks the fall of other firms to the present day.
Panel discussion on the financial crisis from a US and UK perspective.
When the U.S. housing bubble fully burst in 2007 and home prices dropped, 1.25 million subprime mortgages foreclosed, up 80% from 2006. Projections of 2.5 million foreclosures for 2008 seem likely. Over $1 trillion in subprime mortgages will likely be revalued at 60-80% of their original value before the home mortgage crisis and subsequent, but related, credit crisis is worked through.
Taking a long-run view of the development of financial services, Professor Ferguson argues that evolutionary forces are as much at work in the realm of money as they are in the natural world. As the subprime mortgage crisis works its way through the global financial system, the coming months will determine how far, in terms of its economic impact, the current crisis is a true "ice age" as opposed to just a severe winter.
Cutthroat deals, take no prisoners, war rooms; the language of combat is often used to describe the world of business. But throughout history, the cliched comparison has been no mere metaphor for many stock exchanges. The crippling or disruption of exchanges by wars is nothing new, from the New York Stock & Exchange Board (today's NYSE) suspending trading in seceding states in 1861, to the arduous history of the Belgrade Stock Exchange, to the 1983 suspension of the Beirut Stock Exchange after nearly a decade of civil war in Lebanon. It reopened in 1995.
Capital markets are wondrous things. No nation with a good one is poor; no nation without one is rich, unless one counts as wealth the income reaped by the temporary exploitation of oil and gold, blood and bone. Alas, institutions as complex as capital markets do not usually arise of their own accord. To flourish, as they have in America, they typically require, at a minimum, political stability and a helpful hand from on high. Alexander Hamilton provided both.
On August 12, 1984, Peter Ueberroth stood in the Los Angeles Coliseum during the Olympic closing ceremonies, tears escaping his usually tight control as the 93,000-member audience stood and cheered. Other honors would follow, including recognition from "Time" as the magazine's Man of the Year, over President Ronald Reagan. Neither an athlete nor a statesman nor a celebrity, Ueberroth was a middle-aged entrepreneur from Southern California, a self-made man who had, in large part, made the Games of the 23rd Olympiad happen -- and not only happen, but succeed on a spectacular level. In doing so, he changed many of the financial rules by which the Olympics had been played.
2004 marked the 20th anniversary of the re-emergence of securities trading in the People's Republic of China. In 1984, the government approved the issuance of the first publicly issued stock since 1949. The issuing company was the state-owned Beijing Tian-Quio Department Store, which issued a three-year fixed interest rate stock that resembled a three-year bond in Western financial markets. Beginning in 1990, China also permitted the establishment of 24 regional stock exchanges to trade the slowly expanding number of new shares. In late 1990, China formally re-established two fully functioning national stock exchanges, one in Shanghai and one in the southern Chinese city of Shenzhen. All Chinese share trading was gradually moved to these two exchanges, beginning in late 1990. After 12 years of rapid growth, China again became a major stock market in the Far East, third in size after Japan and Hong Kong.
One out of every two beers sold in the U.S. is brewed by Anheuser-Busch of St. Louis, MO. The family-run company traces its origins to the 1860s, but 2002 marks the first time in the company's 142-year history that its president and chief executive will be a non-family member.
Long before Enron, Samuel Insull, Richard Whitney and Charles Keating were bilking investors out of millions, infuriating investigators, embarrassing politicians and forever endearing themselves to headline-hungry journalists.