3 ms·
Two futures traders actuall managed to buy every onion in America in 1955. They tried to sell them all in Chicago which lead to a massive price crash their and
by elil17 9y ago
Two futures traders actuall managed to buy every onion in America in 1955. They tried to sell them all in Chicago which lead to a massive price crash their and shortages everywhere else. Congress then passed the Onion Futures Act.
https://en.m.wikipedia.org/wiki/Onion_Futures_Act https://en.m.wikipedia.org/wiki/Onion_Futures_Act
- pjc50 9y agoThat's fantastic. It can sit alongside the https://en.wikipedia.org/wiki/Video_Privacy_Protection_Act https://en.wikipedia.org/wiki/Video_Privacy_Protection_Act as an example of fixing the narrow problem while carefully avoiding fixing or even considering the wider perspective.