Historical Oil Shocks. By James D. Hamilton

ABSTRACT This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. Although oil was used much differently and was substantially less important economically in the nineteenth century than it is today, there are interesting parallels between events in that era and more recent developments.

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The rival Iraqi Jewish clans who changed the face of Shanghai. By Tzach Yoked

The Sassoons and Kadoories created huge, competing business empires, helped open China to the West and aided Jewish refugees in Shanghai during the Shoah – but their fates differed greatly, as revealed in a new book The chefs were French, the managers Swiss, the jazz musicians American. In the 1930s, the Majestic was Asia’s most luxurious hotel. The world’s high and migh

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Iraq warns economic woes could stoke insecurity. By Chloe Cornish

Radical reform is only way to avert ‘disaster’ for oil-reliant country, says finance minister Ali Allawi, Iraq’s finance minister: ‘All you can do is to point out the disaster before us if we continue along this path Iraq’s finance minister has warned of “severe security consequences” if its economy is not “restructured radically”, as the coronavirus crisis wreaks havoc o

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