October 30, 2013
A New Idea in Economics The prevailing economic system in the 18th century was mercantilism. This was a stagnant system built around governments building up big reserves of gold and passing protective trade tariffs against competing countries. Further protection came in the form of chartered monopolies granted to favored companies. These policies were a reflection […]
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October 29, 2013
Headquartered in Munich, Bavaria, BMW is one of the three biggest and most popular automakers in Germany, alongside Audi and Mercedes-Benz. It is also one of the best-selling luxury automobile brands in the world, renowned for its dedication to super engine performance and exciting driving dynamics. Origins The initials “BMW” stand for “Bayerische Motoren Werke,” […]
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