FuckyWucky [none/use name] to finance • edit-23 days agoIn 1958, U.S. Congress passed the Onion Futures Act, which banned onion futures trading after two speculators bought up 98% of onions, shorted the same, and crashed prices, leaving farmers bankrupt.external-linkmessage-square12 fedilinkarrow-up159
arrow-up159external-linkIn 1958, U.S. Congress passed the Onion Futures Act, which banned onion futures trading after two speculators bought up 98% of onions, shorted the same, and crashed prices, leaving farmers bankrupt.FuckyWucky [none/use name] to finance • edit-23 days agomessage-square12 Commentsfedilink
minus-squareThermonuclearEgg [she/her, they/them]hexbear18·3 days agoAs a result of this law, The Onion obtained a monopoly on the future, which it was forced to keep for itself. link
As a result of this law, The Onion obtained a monopoly on the future, which it was forced to keep for itself.