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Cake day: 2023年6月16日

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  • Only one oil country switched to Euros and an invasion switched it back to dollars.

    A lot of the international banking structure was built on American systems of banking, so the dollar got baked into a lot.

    Until Trump, the dollar was generally seen as more stable given its longevity and being the currency of the largest superpower.

    Also, compared to the Euro and Yuan, the American dollar has an internal hedge when it comes to energy prices given that the USA can supply most of its energy needs by itself. It is hard to handle an oil shock when the currency’s value drops because the internal market can’t afford oil.





  • Baby Boomers are the reason why high school became so culturally relevant.

    You had a large cohort of students coming of age together at a time when the country was wealthy enough where you had a class of people who had gone through puberty but wasn’t being given the full roles and responsibilities of being adults. This new separate age group between kids and adults was relatively novel.

    You also started seeing a major change in cultural forces like music and cinema which catered to this set of consumers. This catering became very important as companies realized this was when adults formed a lot of their tastes and preferences. Cultural output started focusing on this age group as tastemakers.




  • Between Europeans and the Americans, the Americans lacked pack animals and a region which could create bronze. Also, due to the European exposure to pack animals and other reasons, lethal diseases went mainly from Europeans to the Americans instead of the other way around. It also isn’t a good sign when a foreign civilization has the technology to show up at your shores while your civilization doesn’t.

    Between Europe and the rest of the Old World, Europe wasn’t able to colonize the rest of the old world until after the Industrial Revolution started. The Industrial Revolution started in Europe mainly due to increased state competition compared to other parts of the world and higher labor costs making capital investments worth it.








  • No, but it is more a sign of what a restaurant or store will focus on. If the raw ingredients are of lower costs than rent and labor, it may make more sense to provide more food.

    For restaurant culture in the USA, there is generally a focus on large portions, free tap water, few courses, and turning tables over quickly. A lot of early fast food chains were effectively food factories, skimping out in rent and reducing labor costs because those are the major costs.