Shaun T. Dy's Business & Economics Perspective Blog

Getty Images History is always linked to economics and business no matter what. I may not need knowledge of events from the First World War to the Second World War to nail a profit. However, history itself is needed for one thing, "Those who don't learn from history are doomed to repeat it." History can also help us understand current events like inflation from the Russia-Ukraine War or factors that affect the stock market's supply and demand. I think one of the most important lessons is Nazi Germany's, Adolf Hitler. It sounds creepy but one should know about Hitler's really evil economic legacy. Hitler's poor economic policies made Germany poor and it took a long time to recover. Sure, Germany is now an economic model with its free-market enterprise. However, Hitler was an enemy of the free market one way or another.  We need to understand Hitler's failed economic policies The Mises Institute's "Hitler's Economics" writes the followi

I feel like doing a study with history right now. People tell me to study history when they try to defend how protectionism made first-world countries a powerhouse. However, a flick on the pages of Lee Kuan Yew's classic From Third World to First  will tell you that's a big fat lie. I feel like talking about the Great Depression from 1929 to 1939 which also involved the Stock Market Crash of 1929. These events can be rooted in economic protectionism . Economic protectionism is defined by the Investopedia as follows: Protectionism refers to government policies that restrict international trade to help domestic industries. Protectionist policies are usually implemented with the goal to improve economic activity within a domestic economy but can also be implemented for safety or quality concerns. The dumb legislation that made it worse I remembered reading about the Stock Market Crash of 1929. The causes of it were linked to people buying too many stocks. Local companies overprod