<DIV>When you think of the founding fathers, you think of men like George Washington, Thomas Jefferson, and Benjamin Franklin—exceptional minds and matchless statesmen who led the colonies to a seemingly impossible victory over the British and established the constitutional and legal framework for...</div>

Most scholars know little about the Panic of 1792, America's first financial market crash, during which securities prices dropped nearly 25 percent in two weeks. Treasury Secretary Alexander Hamilton adroitly intervened to stem the crisis, minimizing its effect on the nascent nation's fragile...

In 1791 the $10 million capitalization of the First Bank of the United States was vastly greater than the combined capital of all other banks. The Bank had an enormous impact on the economy within two months of opening its doors for business by flooding the market with its discounts and...

This paper will explain a risk methodology for traders and hedge funds that trade in the most liquid of markets like G10 futures and foreign exchange. The methodology is called Capital at Risk (CaR) and is a replacement for Value at Risk (VaR). CaR obviates the need to worry about fat tails or...