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Today, the Fed wields great power over the economy, however many may be surprised to learn that prior to 1913 the US did not have a central bank. It would take a severe banking panic in 1907 to convince politicians and their constituents that JP Morgan should not be the country's lender of last resort.

While many view the recent imposition of tariffs by the US as a break from their long established history as the center of global free trade, some may be surprised to learn just how important tariffs were in the establishment of the early US economy.

Overconfidence can be a powerful force, leading us to ignore our better judgement. Look no further than the Oracle of Omaha, Warren Buffett, for proof on the blinding effect of investor overconfidence.

On May 1, 1975 the NYSE changed a major way it was operating for over 150 years. It would open the door for people like Jack Bogle and Vanguard to start cutting costs to individual investors.

The meteoric rise and subsequent bursting of the crypto-currency bubble left many questioning Bitcoin’s role in the future of the global economy. Although bubbles may indicate irrationality in the markets, history proves that they often lead to fundamental changes in our world.