Financial Innovations and Financial Engineering
Obtaining a monopoly for the production and/or sale of matches in return for loans to governments was, in its essence, not a new way of doing business. Such schemes had been around for a long time (e.g. the Mississippi Bubble of John Law, and the South Sea Bubble) but Ivar was very creative inventing new ways of financing business, while making sure that he kept control of his companies.
Read more about this topic: Ivar Kreuger
Famous quotes containing the words financial, innovations and/or engineering:
“In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.”
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“By such innovations are languages enriched, when the words are adopted by the multitude, and naturalized by custom.”
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—Merle Colby, U.S. public relief program (1935-1943)