20-Key-Events-in-economics-clean 1

Question 1

Invention of the wheel

Answer 1

3500 BC

Question 2

Fall of the Roman Empire (financial collapse)

Answer 2

476 AD

Question 3

Discovery of America by Christopher Columbus

Answer 3

1492.

Question 4

Double-entry bookkeeping (Luca Pacioli)

Answer 4

1494

Question 5

Discovery of the sea route to India by Vasco da Gama

Answer 5

1498

Question 6

Tulip crisis in the Netherlands

Answer 6

1637

Question 7

Adam Smith publishes “The Wealth of Nations”

Answer 7

1776

Question 8

Thomas Malthus publishes his “Essay on the Principle of Population” (1srt edition)

Answer 8

1798

Question 9

David Ricardo introduces the theory of comparative advantage

Answer 9

1817

Question 10

Karl Marx publishes “Capital”

Answer 10

1867

Question 11

Wall Street Crash, triggering the Great Depression and disrupting the global economy.

Answer 11

1929

Question 12

New Deal in the United States (Roosevelt)

Answer 12

1933

Question 13

John Maynard Keynes publishes “The General Theory of Employment, Interest, and Money”

Answer 13

1936

Question 14

Bretton Woods Agreements (new international monetary system)

Answer 14

1944

Question 15

Creation of the GATT (General Agreement on Tariffs and Trade)

Answer 15

1947

Question 16

First oil shock

Answer 16

1973

Question 17

Fall of the Berlin Wall

Answer 17

1989

Question 18

Creation of the World Trade Organization (WTO)

Answer 18

1995