Where Culture Meets Money
Posted on AllSides May 27th, 2020
From The Right
OPINION
How Wall Street became Wall Street, and how to build on it.
Have you ever wondered how Wall Street became . . . Wall Street? It is an interesting story in that it contains a genuine unicorn: a government “investment” — two of them, in fact — that actually turned out to be pretty good as something more than a make-work program.
The story of high finance begins on boats. In the ancient Mediterranean world, shipping loans were developed as the first real risk-hedging instrument, without which much of the...
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