Business - Know The Fact

Inflation - Hitting American Households Like Never Before

Rising food and housing costs kept inflation high in August

Posted September 13, 2022 by John Peter

The US Commerce Department reported on Wednesday that inflation reached a two-year high in August. Consumer prices were up 0.4% from the previous month, a number which was largely driven by rising food and housing costs. Know the fact below about inflation in USA. Rising Prices of Food and Housing…

An approaching storm: the US Recession

Posted July 23, 2022 by Mike Steve

The United States is currently blanketed by the eerie silence that can be felt before a charging storm. This storm is none other than the recession. There is a divide among intellectuals: has the storm arrived or is it on its way? Know The Fact brings you both perspectives related…

Benjamin Franklin – The first United States Postmaster General

Posted June 26, 2022 by Mike Steve

Benjamin Franklin is an important American personality. A dynamic figure, he is not only remembered for his contribution to the American political sphere but is also regarded for his scientific contributions. Franklin was also a writer and a diplomat, among many other things. Know The Fact is here to tell…

Henry Ford – Founder of the Ford Motor Company

Posted June 26, 2022 by John Peter

Henry Ford is a household name when it comes to talking about automobiles. His genius profoundly impacted the lives of middle-class Americans. Know The Fact brings you the story of one of the greatest pioneers of 20th century America, Henry Ford. Henry Ford was born on July 30, 1863, and…

Colonel Harland Davis Sanders, the founder of KFC!

Posted June 17, 2022 by John Peter

KFC, the name itself, waters the mouths of many. Kentucky Fried Chicken, or simply KFC, as the name suggests, is famous for its fried chicken. According to global.kfc.com, there are "more than 25,000 KFC restaurants in over 145 countries and territories around the world." But do you know about the…

Bitcoin has fallen more than 60% from its November high.

Posted June 17, 2022 by John Peter

Crypto has had a rough and bumpy start to 2022. But recent days have been really negative for the industry that's centred around digital currencies. Among crypto-currencies, bitcoin is unfortunately the star attraction of this list. But why has this fall taken place? Has the winter of bitcoin finally arrived?…

Inflation – Hitting American Households Like Never Before

Posted June 12, 2022 by John Peter

Inflation is an abomination that makes pockets bite and affects every single area of a country's economy. This time it has hit the United States hard, with estimates saying that it has surpassed even the peak of the 1981 financial crisis. Inflation in the United States has hit a historic…

What is the basic structure of the Federal Reserve System?

Posted June 7, 2022 by Mike Steve

The Federal Reserve System is an important part of the United States' finances. Know the Fact brings some light on what the Federal Reserve System is and its structure. The definition of the Federal Reserve SystemThe FRS, or Federal Reserve System, also called the Federal Reserve or simply referred to…