Economics

Cancel Crash: The Stock Market Crash of 1987

It was the defining moment of the 1980s, October 19th 1987, the Dow Jones Industrial Average plunged 508 points, the largest single day drop in the history of the stock market and the world braced itself for another great depression but it was Tuesday October 20th that the financial markets came within minutes of a total meltdown. The New York Stock Exchange, the epicenter of the world financia

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The Bank That Almost Broke Britain

Ten years ago on the 7th October 2008, Britain almost went completely bust. The giant Royal Bank of Scotland known as RBS had run out of cash. It was said that they couldn't even get to the end of the day, the bank was doomed and the government had a mere 24 hours to step in and save the British economy. There was only time for one shot and if that didn't work there was simply nothing else that

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The Spider’s Web: Britain’s Second Empire

The British Empire was at one point the largest empire the world has ever known, for over 300 years Britain ruled, its armies conquered and its bankers proclaimed the might of its currency but one day it all began to fall apart. One by one countries declared their independence from Britain and no amount of force could reverse the tide. As British elites saw their wealth, privileges and empire d

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Trouble In Poundland

Britain is battling though economic times with prices beginning to rise without exception, the value of the pound itself has plummeted since the vote on Brexit passed, so bagging a bargain is now more important than ever. But for one of Britain's biggest discount stores, Poundland there is trouble in store. This is primarily due to the uncertainty caused by the Brexit vote. Poundland is famous

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The Divide

The Divide

In 1979 an economic experiment was launched in the United States an the United Kingdom. It was supposed to provide a better life for all. Today, in both countries, inequality is at its highest level since 1928. Reaganomics is one such term for this series of economic experiments and policies. This film examines the lives of seven individuals currently striving for a better life in modern day US

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Century of Enslavement: The History of The Federal Reserve

As we are all fully aware, money plays a big role in each of our lives. It is the very thing which allows us to live comfortably with a sense of security knowing that we have money in the bank. This being said, many will argue that currency also is responsible for much of the bad in the world. For something so critical in our lives it could be considered odd that many millions of Americans who

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Sold Out: The Underground Economy of Supreme Resellers

Back in 1994, a man by the name of James Jebbia opened the first location for the brand known as Supreme, this initial small storefront was located on Lafayette Street in New York. Back then Supreme was known to be a brand for skaters but also run by skaters. The layout for the shop itself had even been designed to be wider, allowing for skaters to walk off the street into the store with their boa

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Inside the Meltdown

Inside the Meltdown

Starting out with the collapse of Bear Stearns, this FRONTLINE special Inside The Meltdown delves into the depths of the financial crisis of 2008 and the events which caused it to happen. It was the worst crash  seen in the market for 70 years, making it new territory for the politicians of the time and seeing how they responded makes for a very interesting watch. Chronicling the inside stories

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Meltdown: The Men Who Crashed The World

Meltdown is a four-part investigation into the orgy of greed and recklessness that drove the world into financial collapse back in 2008 and only now are the hard questions being asked, only now are the key players being held to account. In the first episode we hear from four men who are responsible for crashing the global economy. From a billionaire mortgage seller who managed to pull the wool

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