When you think of monopolies you probably think of the 20th-century industrial tycoons like Rockefeller, Carnegie, and Morgan. You don’t think about the 5th century, but that’s exactly where we’re headed because it’s the first recorded instance of the use of an options contract.
On the western coast of modern-day Turkey, in the Greek Colony of Miletus, we find the hero of the story, Thales. There aren’t any written records of his that have survived, so all of the stories about him have been passed through the people that admired him and wrote about him.
Thales did a great many…
When you say Solar Sails you might be tempted to think about the giant pirate ships from Treasure Planet flying through space looking for treasure and having skirmishes with the Royal Navy. You would be forgiven to think so because it sounds like something out of a space fantasy but its quickly becoming a real thing. What’s even cooler is that this technology has been theorized about since the 1600’s and we’re finally beginning to see the technology beginning to work as intended. So where does this idea come from and how has it progressed, lets find out.
When we think of Lamborghinis today, we think of the flashy supercars designed for the wealthy and music videos, but seven decades ago that wasn’t the case. Seven decades ago, Lamborghini wasn’t synonymous with cars but with its less flashy cousin, the tractor. So how did Lamborghini become known for supercars and not tractors? Lets find out.
Ferruccio Lamborghini was born in 1916 in Renazzo to a couple of grape farmers, and he lived there until the second World War. As he grew up he found himself spending less and less time at the farm and more with machinery: he…
We like to think of economic crises as inventions of modern capitalism with a debt cycle that creates a system of over leveraging and deleveraging which can create and destroy a lot of wealth in a short period of time. Yet this has happened multiple times in the distant past and one of the first recorded economic downturns happened in the Roman Empire in 33 AD under the rule of Emperor Tiberius. …
Writing about history and other stuff