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:

Reduced Gradient

A numerical optimization method that calculates the direction in which an objective function should be modified to achieve the quickest improvement, considering constraints as gradients as well.

Nonlinear Optimization

The process of maximizing or minimizing an objective function that is nonlinear in its variables, subject to constraints.

Reduced Cost

In optimization, the amount by which an objective function's value could decrease by increasing a non-basic variable by one unit.

Projected Revenue

An estimated amount of money that an organization, project, or product is expected to generate over a specific period in the future.