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> (but not onions... thats a lesson too) That was too enticing to not look up. Wow, the story behind that is something: https://en.wikipedia.org/wiki/Onion_Fut
by 3D30497420 2y ago
> (but not onions... thats a lesson too)
That was too enticing to not look up. Wow, the story behind that is something: https://en.wikipedia.org/wiki/Onion_Futures_Act https://en.wikipedia.org/wiki/Onion_Futures_Act
Edit: There's a Planet Money with more on this story (which I've not listened to): https://www.npr.org/sections/money/2015/10/14/448718171/episode-657-the-tale-of-the-onion-king https://www.npr.org/sections/money/2015/10/14/448718171/epis...
- zer00eyz 2y agoI put on history guy (YouTube) when im doing busy work. Thats where I picked up the fun fact: https://www.youtube.com/watch?v=WuiREF2e-Ps https://www.youtube.com/watch?v=WuiREF2e-Ps
- ethbr1 2y agoThe fascinating bit to me was that they axed the whole onion futures market vs just adding guardrails against predatory trading. Then again... this was the 1950s and paper contracts, so US market intervention or not was more stark. And also Eisenhower was likely more concerned about whether the USSR was going to nuke the US and if China was going to try to invade Taiwan for a third time.
- pbhjpbhj 2y agoWhy would you only protect onions from market manipulation?