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Finance Amazing Facts 4u

25 Amazing Facts You Should Know About Finance  | Amazing Facts 4U

  1. The Word’s first bank was Monte Dei Paschi Di Siena founded in 1472 headquartered in Tuscany Italy. Amazing thing is it is still operating.
  2. Amazingly the New York Stock Exchange started as a coffee shop!
  3. Fact is until the U.S. federal reserve was created in 1908 , individual banks could print their own money.
  4. Before 1913, the U.S. had no income tax which came after the 16th Amendment.
  5. Amazing fact is the Bank of America was originally the Bank of Italy until the founder Amedeo Giannini changed it in 1930.
  6. All banks in the U.S. were closed during the week of March 5th – 12th, 1933. This was to keep scared people from taking all their money out.
  7. The first credit card, issued in 1950, was Diner’s Club.
  8. Frank X. McNamara started the Diner’s club with 200 card holders.
  9. Until the nineteenth century, solid blocks of tea were amazingly used as money in Siberia.
  10. Due to staggering inflation in the 1920’s, 4,000,000,000,000,000,000 German marks were worth 1 US dollar.
  11. Zimbabwe has experienced the most amazing inflation in the World in November 2008 : 6,500,000,000,000,000,000,000 Percent.
  12. The fact is that the three wealthiest families in the world have more assets than the combined wealth of the forty-eight poorest nations.
  13. To sell your home faster, and for more money, paint it yellow.
  14. Amazing fact is one fourth of World population lives on less than $ 200 a year. Ninety million survive on less than $75 a year.
  15. Adjusted for inflation, a first class ticket on the Titanic would cost amazing $90,000 today.
  16. An ATM in Abu Dhabi amazingly dispenses gold in exchange for regular currency.
  17. Amazing fact is Norway’s income tax is halved in November to give everyone more money for the holidays!
  18. If you divide their net worths by their age, Carlos Slim and Bill Gates have amazingly accumulated more than $100,000 in net worth for every hour they’ve been alive.
  19. Start with a dollar. Double it every day. Amazingly in 48 days you’ll own every financial asset that exists on the planet, about $200 trillion.
  20. Fact is if you have no debts and $10 in your pocket, you have more wealth than 25% of Americans .
  21. According to a study by Harvard professor , 46 % of Americans die with less than $10,000 in assets.
  22. Amazingly US debt is 12 times larger than all the US$ in the circulation.
  23. Fortune magazine published an article titled “10 Stocks To Last the Decade” in August, 2000. By December 2012, the portfolio had amazingly lost 74.3% of its value.
  24. In Russia, 0.00007%  of the population (100 people) controls 20% of the wealth.
  25. According to study , earnings up to $ 75000 a year makes people happy. Beyond it , it doesn’t increase your happiness.

By Amazing Facts 4U Team

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