Have you ever heard of the golden age? In this epoch Netherlands was very rich and powerful. In Amsterdam you can still see many beautiful buildings from this time.
The term economics comes from the Greek word oikos, which means home and nomos (_____), meaning line. Literally it means so home economics. In the most broad sense this science, is studying how man acts with scarce resources to satisfy its needs.
In 2009 an economic crisis broke out. Many people looked back in the history. One was afraid for a crisis such as in the 30 's of the 20th century.
Do you think the history long ago? No not at all. Also today there may be things happen that forever in the history books will be listed.
The cold war. After the 2nd World War we are always been afraid for a third world war. There really a 3rd World War threatened for years to come.