The Financier Whose Pyramid Schemes Collapsed in 1873 and Helped

question 68

Short Answer

The financier whose pyramid schemes collapsed in 1873 and helped touch off an economic collapse was ____________________.

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Definitions:

Holding-Period Return

The return on an investment over the period it is held, incorporating both income and capital gains.

Dividend

A distribution of profits by a corporation to its shareholders, often in the form of a payment.

Expected Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of expected values, often used to quantify the risk associated with a particular asset or investment.

Probability Distribution

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.