Economics and Commerce
- 1821: High-quality cotton is introduced in Egypt.
- 1822 – Ashley's Hundred leave from St. Louis, setting off a major increase in fur trade.
- 1822 – Coffee is no longer banned in Sweden.
- 1824 – The Fort Vancouver trading post is established on the lower Columbia River by the Hudson's Bay Company.
- August 18, 1825 – Gregor MacGregor issues a £300,000 loan with 2.5% interest through the London bank of Thomas Jenkins & Company. His actions lead to the Panic of 1825, the first modern stock market crash in London.
Read more about this topic: 1820s
Famous quotes containing the words economics and, economics and/or commerce:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“I leave you, home,
when I’m ripped from the doorstep
by commerce or fate. Then I submit
to the awful subway of the world....”
—Anne Sexton (1928–1974)