Finance Fridays Railroads were one of the first disruptive innovations: they changed England from an island of moderate, agrarian towns into a quick, urban, industrialized country. Railroads increased productivity, diminished production costs and encouraged working class customers to purchase factory produced merchandise. Due to their job as the driving innovation of the industrial revolution, the […]
Tag: historyiscool
The Phantom Gambler
Finance Fridays If you invest enough time and energy on the casino floors of Las Vegas, you’ll definitely hear about the Phantom Gambler or the Suitcase Man. Numerous variations of the story have developed over the last four decades about who he was, how much he won and then what happened. In 1951, a previous […]
Trade Tuesdays When we speak about Pepsi, military is probably the last word that would come to our mind. We’ve all read stories about how Coca-Cola and Pepsi have been on a Cola War, their brilliant marketing campaigns, but we may not know that for a brief period of time Pepsi had the 6th largest […]
Technology Tuesdays Organisations around the world are protecting themselves from data breaches and are always concerned about protecting their information, but they still can’t escape from the hackers. And one of the craziest stories ever was when NASA was hacked in 1999 by a fifteen-year-old boy! Jonathan Jones known to the internet as “cOmrade” (and […]
McDonald’s $3 million coffee case
Trade Tuesdays In 1992, a 79-year-old lady Stella Liebeck bought a cup of takeout coffee at the McDonald’s in New Mexico, she spilled it on her lap. She sued McDonald’s and ultimately the jury awarded her nearly 3 million dollars in punitive damages for the burns she suffered. We may have heard of “frivolous lawsuits” […]
Nutella – The Miracle of WW II
Trade Tuesdays Nutella, our favourite chocolate hazelnut spread which records over 12 billion USD in sales and was developed in 1946 by an Italian Pastry Chef’s unparalleled obsession with creating the perfect chocolate solution has roots tracing back to the days of Napoleon Bonaparte and World War 2! In 1806, Napoleon was trying to strengthen […]