/biz/ - Business & Finance

>>57142502
I got some pretty good copypasta for you about american banking/political/economical integrated history. if you want it!
>The Panicof 1819 was caused by the rapid resurgence of the European economy after the Napoleonic Wars, where improved agriculture caused the prices of American goods to drop, and a scarcity of specie due to unrest in the Spanish American colonies. The situation was exacerbated by the B.U.S. under Bank President William Jones through fraud and the rapid emission of paper money. He eventually began to call in loans, but nonetheless was removed by the Bank's directors. Langdon Cheves, who replaced Jones as president, worsened the situation by reducing the Bank's liabilities by more than half, lessening the value of Bank notes, and more than tripling the Bank's specie held in reserve. As a result, the prices of American goods abroad collapsed. This led to the failure of state banks and the collapse of businesses, turning what could have been a brief recession into a prolonged depression. Financial writer William M. Gouge wrote that "the Bank was saved and the people were ruined".

>>57135257
marketplace would be zoomers who are just getting educated about inflation; beginner stackers. I would want at least a retail market of local zoomers. TikTok marketing. Etc. Yes, I would mark up like crazy; hence the business. I wouldn't pay for shipping. All liabilities go onto the customer. I believe if I buy now and wait for a 26$ spot; pic related.