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#Post#: 73--------------------------------------------------
The 6 professions that will be most in demand
By: chandna rani Date: September 9, 2023, 4:04 am
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The fracture at the end of the 19th century and the beginning of
the 20th century Although on the political and social level, the
change from the 18th to the 19th centuries had generated great
transformations linked largely to the control of cereals, on the
level of the economy and its regulation the changes were less
visible. The "bourgeois" and capitalist societies of the first
half of the 19th century still distrusted stock markets and
speculation. In both the 18th and 19th centuries, public
surveillance of food markets was recognized in France as
necessary and, at the same time, contrary to what we might think
from contemporary liberal arguments, this discipline was not
seen as necessary. not at all as opposed to the free market, but
as an indispensable spring for its proper functioning. The
discussions of the time distinguished two types of speculation:
on the one hand, speculation as a desire to obtain a profit;
This ambition was accepted and even defended by the new liberal
society.
But, on the other hand, speculation was also seen as synonymous
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monopoly and hoarding.13. This type of
speculation was accused of altering the game of competition and
therefore had to be repressed. As for the stock market, whether
stock market or merchandise market, the answer was clear for
much of the 19th century : stock market operations came from
mere speculative activity. For this reason, stock exchanges were
closely monitored and regulated not only in France, Italy and
Prussia, but even in the United Kingdom.14and usa.
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This balance was shattered starting in the 1860s, concomitant
with several factors: the American Civil War, the opening of the
Suez Canal and the expansion of the telegraph across the
Atlantic. This combination of elements gave rise to a
reorganization of the sectors and the rise of commodity
exchanges. These organizations, highly regulated until then,
were liberalizedfifteen. Forward markets (advance purchases of
future products), international speculation and the exchange of
virtual products developed. Futures had nothing to do with the
forward markets that existed since the Middle Ages.
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