In the 17th century, the price of flowers in the Netherlands was so high that people began to borrow money using tulips as guaranteed.
In 2008, a global financial crisis occurred caused by many bad loans given to the property sector.
The United States Central Bank, Federal Reserve, was founded in 1913 after a series of financial crises in the country.
The concept of money was first discovered by the Lydian ethnic group in Anatolia in the 7th century BC.
In 2010, a computer programmer bought two pizza with 10,000 Bitcoin. At present, the Bitcoin value has reached millions of dollars.
The concept of inflation first appeared in ancient Roman times, where they print money with lower value than the actual value.
In 1997, the Asian financial crisis occurred because of the speculation of currency and bad credit in countries such as Thailand, Indonesia and South Korea.
Countries in Europe use the same currency, namely Euro, to facilitate trade between European Union member countries.
In 1987, there was a massive stock crash on Wall Street called Black Monday, where the stock price fell by 22% in a day.
The concept of supply and demand is a basic principle in the economy that explains that when the number of goods or services offered is reduced, while demand is high, the price will rise.
