1.
In 1996, the US was witnessin g a DotCom bubble that burst in 2000–02, and the prices of technological companies came down. In 2001, the interest rates came down to 1% so people were unwilling to keep money in the bank. Investors found real estate lucrative and took home loans to buy houses for themselves.
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An artist, writer, storyteller too and Entrepreneur. Founder of Formaculture, a young community for young ideas and socio entrepreneur, a science student with a finance community - WEALTHONOMY.
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The rise of economic indicators in the 19th century
Capitalization was key to the rise of economic indicators. Upper-class Americans began to put their wealth into new financial assets. They began to see their society as a capitalized investment and the people as capital that could be used to increase wealth.
In the North, ...
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