The South Sea Company was created partly to manage government debt.

Money feed

ShareCertificate SouthSeaCompany 1733
Money

1720

The South Sea Company was created partly to manage government debt.

The South Sea Company was founded in 1711 partly to restructure British government debt, not simply to trade overseas. Its share boom and collapse in 1720 became the South Sea Bubble.

More like this

A modern McDonald's restaurant in Franklin, North Carolina
Money

Rent

McDonald's makes most of its franchise money from rent, not burgers.

Rent is the largest revenue category McDonald's reports from franchised restaurants, ahead of royalties. That does not mean rent is most of all corporate revenue, or that every franchise follows the same property arrangement.

NintendoCards
Money

1889

Nintendo was founded in 1889 to sell handmade playing cards.

Nintendo traces its origins to Fusajiro Yamauchi making hanafuda playing cards in Kyoto in 1889. Its first home video game machines arrived in 1977, nearly nine decades later.

Loading more facts...