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[Finance fact 1] Tsuyoshi Kikukawa, the CEO of Olympus was fired when he discovered that $1.6 billion of the company's money had been paid to the yakuza gang.
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[Finance fact 2] The National Retail Federation considers the “holiday shopping” season to be the full months of November and December, which is usually 55 days.
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[Finance fact 3] Newspapers have such large-sized sheets of paper because of a British 1816 tax on newspapers. The “knowledge tax” was levied by page. In response, newspapers started using larger paper size to accommodate more text, thereby reducing the number of pages taxed.
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[Finance fact 4] Twenty-eight hyperinflations occurred in the 20th century, with twenty happening after 1980.
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[Finance fact 5] In the year 1900, there were only 5,000 millionaires in the United States. In 2000, there were more than five million. Before the Great Recession, there were 9.2 million households worth $1 million or more.
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[Finance fact 6] California is the 6th largest economy in the world behind the USA, China, Japan, Germany, UK. It's bigger than India, France, Brazil, Italy, Russia, Canada, Spain, Australia, South Korea, Mexico.
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[Finance fact 7] When General Motors declared bankruptcy in 2009, the U.S. government gave it billions in bailout money and then issued stock for the “new GM.” GM did not compensate the old GM shareholders’ now worthless “old GM” stock.
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[Finance fact 8] A bull market is when there are more buyers than sellers of stocks, which cause overall stock prices to rise and investor confidence to increase.
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[Finance fact 9] In 2011, the IRS collected over $2.4 trillion from around 234 million tax returns (which included corporate, individual, and employment income tax returns). The IRS also provided approximately $416 billion in refunds.
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[Finance fact 10] In the mid 2000s, the Netherlands became the first industrialized country to drop its work week hours to below 30 hours.
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About Finance Facts Generator
This finance facts generator can generate some interesting finance facts for free. These finance facts can help you learn some new knowledge and know more about finance.
In addition to finance facts, you can also generate many other types of random facts, such as game, war, people, language, planets, etc. we have collected more than 12000 interesting facts, which are divided into dozens of categories. You can generate specified categories and a specified number of facts. Many facts are marked with the source, which can help you further verify and mine new content.