Did Bernanke Study The First Bank of the United States?

A thread: The President, Directors and Company, of the Bank of the United States, or the First Bank of the United States, as it is more commonly known, was chartered for a term of twenty years, by the United States Congress on February 25, 1791. /1

We wanted to make the Emerging Market Indices as broad as possible and included 26 emerging markets in the indices. Market capitalization was recalculated every five years and the indices were rebalanced every five years to adjust to changes in the size of different countries. /1 Before 1945, we used market capitalization based upon the underlying company shares to weight the indices. Data since World War II is based upon market capitalization for the overall domestic stock market.

Charles Ponzi built the original Pyramid scheme; Nick Leeson was the rogue trader who broke the Barings Bank; and Bernie Madoff bilked investors with trading that did not exist. All of these men were unambitious amateurs when compared to Gregor McGregor. One of the over 15,000 securities which Global Financial Data includes in the UK Stocks Database is the Poyais 3% Consolidated Bonds of 1822, which traded on the London Stock Exchange.

Gregor McGregor was a very selfish swindler who returned nothing to any of his investors.

The Baltimore Stock Exchange Index outperformed the US-100 up until 1840, primarily due to the exclusion of the Second Bank of the United States from the index; however, after 1840, the US-100 provided better returns than the Baltimore Stock Exchange Index. By the 1870s, the US-100 had a higher return than the Baltimore SE Index and this remained true until 1950. Between 1803 and 1950, the price index for the Baltimore SE returned only 0.69% per annum growing 2.75-fold while the US-100 returned 1.48% per annum growing 8.6-fold.

Dr. Pepper Thread:

Dr. Pepper has gone through several corporate transitions. The Circle “A” Corp. which had the exclusive right to bottle Dr. Pepper went bankrupt in 1923 and reemerged as Dr. Pepper Co. after incorporating in Dallas in 1923. /1 The Dr. Pepper Co. was acquired by Forstmann and Little, a New York Investment firm, in February 1984. Dr. Pepper merged with Seven-Up in 1986 to form the Dr. Pepper/Seven-Up Companies which went public in 1993 only to be Cadbury Schweppes plc in June 1995. /2

One of the most dramatic events in the financial history of Victorian England was the collapse of Overend, Gurney and Co. Its failure had a more severe impact on the London financial market than the collapse of Bear Stearns had on U.S. markets over 140 years later. /1 During the financial crisis of 1866, over 200 firms went bankrupt, including a number of banks. The failure of Overend, Gurney and Co. also led to one of the first trials for financial fraud in history when all six directors were brought before the courts of London. /2

Some stocks have made incredible moves, rewarding investors immensely. In many cases, the most important part of the stock’s performance came before the company listed on the NYSE, not after. A good example of this is Kentucky Fried Chicken Corp (KFC). KFC incorporated on March 4, 1964, and merged into Heublein, Inc. on July 8, 1971. Before the original KFC (now owned by Yum! Brands, Inc.) was acquired, it had one of the most spectacular runs of the 1960s, but most of it occurred before KFC joined the NYSE.

At about $1 tril, Brazil’s stock market is among the 20 largest stock markets in the world, equal to about 1/2 of the country’s GDP. The 1st stock exchange opened in Brazil in 1817, the Rio de Janeiro Stock Exchange opened in 1820, and the Sao Paulo Stock Exchange opened in 1890. Brazilian stocks began listing in London in 1825 when three Brazilian mining companies took advantage of London’s interest in South America to list their shares. Between 1825 and 1985, 65 Brazilian companies listed in London.

Everyone is aware of the incredible returns that Berkshire Hathaway has provided shareholders during the past 50 years that Warren Buffet has run the company. In the late '60s, when Buffett became CEO of Berkshire Hathaway, shares in the company were trading at under $20. Today, shares trade around $415,385.00. During the same period of time, the S&P 500 Total Return Index went from around 38 to 3800. While the S&P 500 increased 100-fold, Berkshire Hathaway increased 10,000-fold.

Famous historical corner- Northern Pacific:

The Northern Pacific Railway (NP) was a transcontinental railroad that operated across the northern tier of the western United States from Minnesota to the Pacific Coast. The goal was to connect the Great Lakes with the Puget Sound. /1 Along with the Southern Pacific and the Union Pacific (originally the Central Pacific, but renamed during the Civil War), it was to be the northernmost of three transcontinental railroads. /2

Dunkin is looking like it's going private again.

In honor of the news, here's a Dunkin History thread! Dunkin’ Donuts was founded by William Rosenberg, a Jewish immigrant, who only completed the eighth grade. He began working at the age of 14 to help support his family when his father lost the family grocery store during the Great Depression.