The first listed company on the NYSE, the Bank of New York, traded under the buttonwood tree on Wall Street. The bank now continues under the name of The Bank of New York Mellon.
The largest note ever printed by the Bureau of Engraving and Printing was the $100,000 gold certificate, series 1934, featuring Woodrow Wilson. This series was issued only to Federal Reserve Bank Banks against an equal amount of gold bullion held by the Department of the Treasury for certain credits established between the Treasurer of the…
The oldest known monetary law code, the Code of Hammurabi, was created ca. 1760 BC in ancient Babylon. It formalized the role of money in civil society by setting amounts of interest on debt, fines for wrongdoing, and compensation in money for various infractions of formalized law.
In 1973, David Rockefeller became the first American bank Executive to enter the People’s Republic of China since the revolution of 1949.
The first ever recorded instance of a “corporate tax break” occured in 1260 BC when a private merchant named Sinaranu was exempted from import taxes for transporting beer and olive oil to the ancient city of Ugarit from Crete.
Early Romans used salt as a form of money. In fact, the word “salary” comes from sal, which means “salt” in Latin.
In 19th century Ethiopia, blocks of salt known as Amole tchew acted as currency. This was because salt was a rare and important resource in the ancient world.
Saddam Hussein once withdrew a reported sum of 1 billion US dollars from the Central Bank of Iraq with the aid of nothing more than a handwritten note!
The American state of Tennessee passed a law in 2005 that required local drug dealers to pay “crack tax” to the state revenue office so that they can ply their trade without fear of prosecution.
A group of unknown Russian hackers had stolen a sum of 650 million dollars from different banks situated across thirty countries between the years 2014 and 2016.