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Morgan also profited in gold after specie payments were suspended in 1862; its price was largely pegged to the possibility of a Union victory. In October 1863, he and Edward B. Ketchum transferred $1.15 million (equivalent to $22,355,000 in 2023) in gold to England, forcing a price spike and allowing both men to sell their holdings at a large ...
Nanjing [b] is the capital of Jiangsu in eastern China.The city, which is located in the southwestern corner of the province, has 11 districts, an administrative area of 6,600 km 2 (2,500 sq mi), and a population of 9,423,400 as of 2021. [6]
Zambia fell into poverty after international copper prices declined in the 1970s. The socialist regime made up for falling revenue with several abortive attempts at International Monetary Fund structural adjustment programs (SAPs). The policy of not trading through the main supply route and line of rail to the sea – the territory was known as ...
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