One of the first things ever sold….

One of the first things ever sold online was pizza. PizzaNet, owned and operated by Pizza Hut, was created in 1994 and serviced Santa Cruz, California. It was one of the first few thousand on the web. The site is still running today.

In Hungary in the 1940’s, while…

In Hungary in the 1940’s, while the country was experiencing the worst hyperinflation in recorded history, they issued a bank note with a denomination of 100 quintillion Hungarian pengős, which was worth approximately US $0.20.

JP Morgan bailed out banks in 1907 but…

JP Morgan bailed out banks in 1907 but a severe recession occured anyway. Nelson Aldrich, a powerful senator with close ties to Morgan, led a mission to Europe in 1908 to study the workings of the central banks in England, France and Germany. The Federal Reserve was created a short time later.

In 1905, American millionaire ….

In 1905, American millionaire George Kessler threw himself a birthday party at the Savoy Hotel in London that involved flooding the entire courtyard with four feet of water so his guests could dine in gondolas and a five foot birthday cake brought out to them on the back of a baby elephant.