opep

The Official Foundation of OPEC in 1960, the Start of the Antitrust Era in 1901, and Wall Street’s Emergency Negotiations in 2008: Economic Anniversaries for September 14 🏛️📜💱

On September 14, three fundamental economic events are commemorated: in 1960, the founding of OPEC shifted oil pricing from corporations to sovereign states, affecting royalty accounting and the valuation of reserves. In 1901, Theodore Roosevelt began the “Antitrust” era in the U.S., setting precedents for merger regulation and monopolies control. Finally, in 2008, the failed negotiations before the collapse of Lehman Brothers marked a critical turning point in the Global Financial Crisis, challenging asset valuation rules and the management of systemic risk.
#2008 #OPEP
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