[Finance fact 1] The Sumerians in ancient Mesopotamia (modern Iraq) were the first people to use ingots, the first form of metal money. The value of ingots depended on their weight.
[Finance fact 2] Alexander Hamilton was the first Secretary of the Treasury in the United States. To honor his contributions, his picture appeared on American money starting in the Civil War. Today his portrait is still on the $10 bill.
[Finance fact 3] The Civil War’s direct cost was about $6.7 billion in 1860 money, which would be $139 billion today. However, some economic historians believe the indirect cost (such as disruption of the economy) would measure approximately $46 trillion in current money.
[Finance fact 4] The United States Gold Reserve Act of 1934 outlawed most private possessions of gold, forcing US citizens to sell it to the Treasury. Americans were not able to freely own and trade gold again until 1975.
[Finance fact 5] Starbucks serves a smaller and cheaper size than “Tall” called “Short”, which it doesn’t mention on their menus.
[Finance fact 6] US Navy's new class of aircraft carrier USS Gerald R. Ford can accomplish 25% more aircraft launches per day than the Nimitz class and requires 25% fewer crew members. The Navy estimates it will save $4 billion in operating costs over a 50-year lifespan.
[Finance fact 7] Holiday retailers use music to attract potential shoppers. For example, if shoppers like the type of music retailers are playing, they will be more likely to enter the store and like the products. Additionally, the slower the tempo of the music, the slower people will walk through the store, and the more they will buy. A faster tempo will encourage shoppers to walk faster and, consequently, they won’t buy as much.
[Finance fact 8] In China, women are barred from being miners because, according to the Chinese government, women cannot carry heavy loads or escape quickly in the case of an accident.
[Finance fact 9] The Minnesota Vikings' new stadium cost more than a NASA mission to Pluto.
[Finance fact 10] 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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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.