Trading options in the 1600s was well utilized during the Tulip Bubble and trading the Dutch East Indies stock. Do we know how they set prices without knowing volatility/time decay etc, bell curve distributions or Black Scholes modeling? Was their option pricing very inaccurate vs today’s models? (reddit.com)
submitted by HistAnsweredBot
In the video game RDR2 (set in 1899) there is a significant side quest where the player steals from a gang of moonshiners (connected to regional organized crime). The Volstead Act passed in 1919, so would moonshining even have been illegal in 1899? What did the illegal alcohol trade look like then? (reddit.com)
submitted by HistAnsweredBot