|
André Kostolany
André Kostolany (February 9, 1906 – September 14, 1999) was a stock market expert, bon vivant and Chevalier de la Légion d'Honneur. He worked most of his life in France and Germany. Biography Kostolany was born in Budapest, a Hungarian Roman Catholic of Jewish descent. He originally studied Philosophy and History of Art in Budapest but his father forced him to abandon his studies and sent him to Paris in 1924, to work as a stockbroker. There he began his career as a speculator and arbitrageur. He was able to make a profit during the decline in market prices which began at the end of 1929, having been bearish at the time. When the Germans occupied France in 1940, he fled to New York. From 1941 to 1950, he was the general director and president of the ''G. Ballai and Co Financing Company''. From 1950 he lived mainly in Paris, with an office in Munich and a vacation home on the Côte d’Azur. After World War II, he invested heavily in the reconstruction of Germany, The subsequ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapest
Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by population within city limits and the List of cities and towns on the river Danube, second-largest city on the river Danube. The estimated population of the city in 2025 is 1,782,240. This includes the city's population and surrounding suburban areas, over a land area of about . Budapest, which is both a List of cities and towns of Hungary, city and Counties of Hungary, municipality, forms the centre of the Budapest metropolitan area, which has an area of and a population of 3,019,479. It is a primate city, constituting 33% of the population of Hungary. The history of Budapest began when an early Celts, Celtic settlement transformed into the Ancient Rome, Roman town of Aquincum, the capital of Pannonia Inferior, Lower Pannonia. The Hungarian p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leuphana University Of Lüneburg
Leuphana University Lüneburg is a public university in Lüneburg, Lower Saxony, Germany. Leuphana was founded in 1946 as a college of education (). Leuphana has since established a unique university model within the German academic landscape that has received several awards. Leuphana University is one of the few universities in Europe to offer a liberal arts education, liberal arts programme with their bachelor's programme . The university is designated as a "foundation under public law". The name ''Lüneburg, Leuphana'' is derived from an ancient settlement on the Elbe that was mentioned in a 2nd-century geographical world atlas by Ptolemy. Leuphana College concentrates its bachelor's degree studies into eight departments and two teacher training courses. In 2008, a graduate college was opened that integrates master's degree and doctorate programmes. In addition are a pan-departmental research centre and a professional school for advanced study courses, like business co-operat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Cycles
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are many definitions of a business cycle. The simplest defines recessions as two consecutive quarters of negative GDP growth. More satisfactory classifications are provided by, first including more economic indicators and second by looking for more data patterns than the two quarter definition. In the United States, the National Bureau of Economic Research oversees a Business Cycle Dating Committee that defines a recession as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." Business cycles are usually thought of as medium-term evolu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an Interbank lending market, interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for or that will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating exchange rate, floating, fixed exchange rate, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary System
A monetary system is a system where a government manages money in a country's economy. Modern monetary systems usually consist of the national treasury, the mint, the central banks and commercial banks. Commodity money system A commodity money system is a type of monetary system in which a commodity such as gold or seashells is made the unit of value and physically used as money. The money retains its value because of its physical properties. In some cases, a government may stamp a metal coin with a face, value or mark that indicates its weight or asserts its purity, but the value remains the same even if the coin is melted down. Commodity-backed money One step away from commodity money is "commodity-backed money", also known as "representative money". Many currencies have consisted of bank-issued notes which have no inherent physical value, but which may be exchanged for a precious metal, such as gold. This is known as the gold standard. A silver standard was widespread ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Reunification
German reunification () was the process of re-establishing Germany as a single sovereign state, which began on 9 November 1989 and culminated on 3 October 1990 with the dissolution of the East Germany, German Democratic Republic and the integration of its re-established constituent federated states into the West Germany, Federal Republic of Germany to form Germany, present-day Germany. This date was chosen as the customary German Unity Day, and has thereafter been celebrated each year as a national day, national holiday. On the same date, East Berlin, East and West Berlin, West Berlin were also reunified into a single city, which eventually Decision on the Capital of Germany, became the capital of Germany. The East German government, controlled by the Socialist Unity Party of Germany (SED), started to falter on 2 May 1989, when the removal of Hungary's border fence with Austria opened a hole in the Iron Curtain. The border was still closely guarded, but the Pan-European Picn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Germany
The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but it is among the world's top 4 since 1960. In 2025, the country accounted for 23.7% of the Euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the eurozone. Germany is the third-largest exporter globally with $1.66 trillion worth of goods and services exported in 2024. In 2024, Germany recorded a trade surplus worth $255 billion, ranking 2nd worldwide. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 50.3% of national output. The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wirtschaftswunder
The ''Wirtschaftswunder'' (, "economic miracle"), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the Economy, economies of West Germany and Austria after World War II. The expression was first used to refer to this phenomenon by ''The Times'' in 1950. Beginning with the Monetary reform, replacement of the German reichsmark, Reichsmark with the Deutsche Mark in 1948 as legal tender (the Austrian schilling, Schilling was similarly re-established in Austria), a lasting era of low inflation and rapid industrial growth was overseen by the government led by Chancellor of Germany (Federal Republic), West German Chancellor Konrad Adenauer and his Minister of Economics, Ludwig Erhard, who went down in history as the "father of the West German economic miracle". In Austria, efficient labor practices led to a similar period of economic growth. The era of economic growth raised West Germany and Austria from total wartime devastation to developed nat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Boom
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Reconstruction
The reconstruction of Germany was the process of rebuilding Germany after the destruction endured during World War II. Germany suffered heavy losses during the war, both in lives and industrial power. Approximately 6.9 to 7.5 million Germans died, representing roughly 8.5 percent of the German population and a fraction of total World War II casualties estimated at 70 to 85 million people. The country's cities were severely damaged from heavy bombing in the closing chapters of the war and agricultural production was only 35 percent of what it was before the war. At the Potsdam Conference, the victorious Allies ceded roughly 25 percent of Germany's pre-Anschluss territory to Poland and the Soviet Union. The German population in this area was expelled, together with the Germans of the Sudetenland and the German populations scattered throughout the rest of Eastern Europe. Between 1.5 and 2 million are said to have died in the process, depending on source. As a result, the population ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
