Home >Documents >Prezentatsia Yulya David

Prezentatsia Yulya David

Date post:06-Apr-2018
Category:
View:224 times
Download:0 times
Share this document with a friend
Transcript:
  • 8/2/2019 Prezentatsia Yulya David

    1/19

    Three Financiers Who ChangedThe Financial World

  • 8/2/2019 Prezentatsia Yulya David

    2/19

    The role of finance in our life

  • 8/2/2019 Prezentatsia Yulya David

    3/19

    Three major objectives of business finance

    Obtain an adequate supply of capital

    Conserve and increase the capital

    Make profit from the use of funds

  • 8/2/2019 Prezentatsia Yulya David

    4/19

    Financial crisis

  • 8/2/2019 Prezentatsia Yulya David

    5/19

  • 8/2/2019 Prezentatsia Yulya David

    6/19

    Before the industrial revolution

  • 8/2/2019 Prezentatsia Yulya David

    7/19

  • 8/2/2019 Prezentatsia Yulya David

    8/19

    John Law (1671-1729)

    Law was a Scottish

    financier born in Edinburgh

    Tried to heal French public

    finance and to facilitate the

    money supply through the

    introduction of paper

    money.

  • 8/2/2019 Prezentatsia Yulya David

    9/19

    Mississippi Company

    Foursteps

    Establishment ofthe Banque

    Generale in 1716

    Centralization ofcolonial

    companies undera single

    MississippiCompany

    Law used theBank to increasethe money supply

    Using the internalrate of return to

    encourage holders

    of coins to replacethem with bankingbusiness

  • 8/2/2019 Prezentatsia Yulya David

    10/19

    The outcome of the campaign and lessons of Law'sexperiment

    2. The public felt betrayed and lost

    confidence in the system.

    3. The main consequence of the failure of

    "Law System" was the suspicion that

    France would not maintain paper money

    throughout the eighteenth century, thus

    delaying financial innovation for economic

    development.

    1. The system of Law entered into an

    impasse, since the objective of maintaining a

    low interest rate by increasing the money

    supply is incompatible with the need to

    reevaluate the tickets money other than

    coins.

  • 8/2/2019 Prezentatsia Yulya David

    11/19

    Mutual fund

    A mutual fund is a type of

    professionally-managed typecollective investment scheme

    that pools money from many

    investors.

  • 8/2/2019 Prezentatsia Yulya David

    12/19

    Massachusetts Investors' Trust by L. ShermanAdams

    1924:

    Real trailblazer in the financial services industryToday, mutual funds invested $ 6.1 trillion in America alone.

  • 8/2/2019 Prezentatsia Yulya David

    13/19

    The invention of credit cards

    The most commonmethod of payment

    Total "plastic" debt of Americans

    is $ 700 billion.

  • 8/2/2019 Prezentatsia Yulya David

    14/19

  • 8/2/2019 Prezentatsia Yulya David

    15/19

    Problems that must be solved

    How to pay withoutcash?

    What to do in order notto carry a pack of cardsfor each restaurant and

    shop?

  • 8/2/2019 Prezentatsia Yulya David

    16/19

    First credit card

    - Profit without charging

    interest

    - A $3 annual interest

    - Focus on salesmen

  • 8/2/2019 Prezentatsia Yulya David

    17/19

    The achievements and inventions of these people

    have changed our world forever. And though many of

    their risky ideas were not implemented fully during

    their lives with dignity, we have finalized their concepts

    and use their inventions to this days.

  • 8/2/2019 Prezentatsia Yulya David

    18/19

    A little more to discuss

    What is the finance for you?

    Who is the "pioneer" in the world of finance for you ?

    Credit card: convenience or a temptation?Do you see the continued progress of society in the

    development of the financial sector?

  • 8/2/2019 Prezentatsia Yulya David

    19/19

    Thank you for your attention!

Embed Size (px)
Recommended