Have you ever heard of the Golden Age? In this era, the Netherlands was very rich and powerful. In Amsterdam you can still see many beautiful buildings from this time.
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The term economics comes from the Greek word oikos (οἶκος), this means house and nomos (νσμος), this means rule. So literally it means housekeeping. In the broadest sense, this science examines how man acts with scarce resources to satisfy his needs.
Have you ever heard of the Golden Age? In this era, the Netherlands was very rich and powerful. In Amsterdam you can still see many beautiful buildings from this time.
An economic crisis erupted in 2009. A lot of people looked back in history. People were afraid of a crisis like the 1930s.
Do you think history is a long time ago? No, i'm not. Even today, things can happen that will forever be mentioned in the history books.
The cold war. After the Second World War we have always been afraid of a 3rd world war. For years there was a real threat of a world war.