History

#226 When did bankruptcy laws start?

      I learned this today. Different countries have different laws, but the first bankruptcy laws were created in 1542 in England.      The word “bankruptcy” comes from the Italian banca rotta, which means “broken bench”. The story is that bankers used to do their business over a bench. If a banker defaulted on a loan

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#223 What did the Magna Carta do?

I learned this today. The Magna Carta promised the protection of church rights and the protection of the barons from King John and eventually became the basis for English common law. By extent, its concepts are also the basis for some American and Canadian laws as well. It was the first time the idea that

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#205 When was the first stamp?

I learned this today. The first postage stamp was issued by the post office in Britain on May 1st, 1840. Like most inventions, the postage stamp was invented to solve a problem. That problem was that post in Britain was paid for by the recipient and not the sender. Before the invention of the stamp,

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#196 When did the CIA start?

I learned this today. The CIA was formed on September 18th, 1947. The idea behind some kind of agency to manage intelligence seems to have started after the Japanese attack on Pearl Harbor. America was caught unawares by the attack and a lot of people said that they should have had some idea. At the

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