Finance Fact
-
Finance Fact #1 – The First Credit Card Was Cardboard
💳 The first credit card was issued in 1950 by Diners Club — and it was made of cardboard! 🃏
A truly groundbreaking (and flimsy) start to the cashless revolution. -
Finance Fact #2 – The Meaning Behind the Euro Symbol
💶 The euro (€) symbol was inspired by the Greek letter epsilon (Є), representing Europe — and two lines for stability. 🇪🇺
Yes, design matters in money too! -
Finance Fact #3 – Compound Interest: Einstein’s Wonder
🧠 Albert Einstein allegedly called compound interest the "eighth wonder of the world".
Whether he did or not — it truly makes your money grow! 📈✨ -
Finance Fact #4 – Sweden Is Almost Cash-Free
In Sweden, less than 10% of transactions use cash!
It’s one of the most cashless societies in the world – even for tiny purchases like candy. 🍬💳 -
Finance Fact #5 – Why Piggy Banks Look Like Pigs
💰 Piggy banks didn’t start as pigs!
They come from "pygg", a type of clay used for pots in the Middle Ages.
Eventually, people shaped the pots like pigs — and the rest is history. 🐷🪙 -
Finance Fact #6 – ATMs Were Invented in the 1960s
🏧 The first ATM was installed in London in 1967 by Barclays Bank.
Cash from a wall? It blew people’s minds! 🧱💸 -
Finance Fact #7 – Germany Once Used Cans as Money
After WWI, hyperinflation in Germany led to people using bartering and items like canned goods instead of worthless paper marks. 🥫💶
-
Finance Fact #8 – The US Once Had a $100,000 Bill
💵 In 1934, the US printed a $100,000 bill featuring Woodrow Wilson.
It was only used between Federal Reserve Banks — never for shopping! 🏦🚫🛍️ -
Finance Fact #9 – Japan’s Lucky Wallet Colors
👜 In Japan, many believe that yellow and gold wallets attract wealth, while red ones make money “burn away”. 🔥💴
Finance meets superstition! -
Finance Fact #10 – Coins Have Ridges for a Reason
🪙 Ever wonder why coins have ridges?
Back in the day, people would shave small amounts of metal from the edges — ridges stopped that! ✂️🪙 -
Finance Fact #11: Sweden’s Cashless Revolution
🧾 In Sweden, less than 10% of transactions use cash. Even churches accept card or mobile payments now!
-
Finance Fact #12: Bitcoin Pizza Day
🍕 The first real-world Bitcoin purchase was two pizzas for 10,000 BTC in 2010 — worth over $600 million today!
-
Finance Fact #13: The $2 Bill Is Still Legal
💵 In the U.S., $2 bills are still legal tender — just rarely used. Many people even collect them!
-
Finance Fact #14: Coins Cost More Than They're Worth
🪙 In the U.S., it costs more to make a penny and nickel than their face value!
-
Finance Fact #15: The Richest Person in History
👑 Mansa Musa, an African emperor from the 14th century, is considered the richest person of all time!
-
Finance Fact #16: Japan’s High Savings Rate
💰 Japanese households are known for high savings — often over 20% of their income.
-
Finance Fact #17: World’s First ATM
🏦 The first ATM was installed in London in 1967 — and it used paper vouchers, not cards!
-
Finance Fact #18: The Pink Tax
🎀 Products marketed to women often cost more than those for men — a pricing bias known as the "pink tax".
-
Finance Fact #19: Iceland's Bank Collapse
❄️ In 2008, all three of Iceland’s major banks collapsed — a national financial meltdown.
-
Finance Fact #20: The Oldest Currency
⚖️ The British pound is the world’s oldest currency still in use — over 1,200 years old!