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This is kind of a vague question. The "Chicago Mercantile Exchange" has now merged with the Chicago Board of Trade and the New York Mercantile Exchange to form the "CME Group."
The CME Group is the largest exchange in the world by the nominal value of it's daily trade average. As such it directly employs a lot of people in Chicago for high-skill, high-paying jobs. Additionally, the talent pool that has been created through its global leadership has also spun off a variety of trading-related companies either directly, through former employees, or indirectly by companies starting here to take advantage of the local talent pool.
Additionally, when the CME went public, all of its members and many of its employees gained a large amount of wealth through seat ownership or stock options. This wealth indirectly benefits Chicago by supporting secondary service industries and investment in luxury homes, etc.
Historically, the success of the Board of Trade and Merchantile Exchange enhanced Chicago's status of an agricultural and transportation center. Futures contracts made life easier for farmers, and also meant they would be bringing their grain to Chicago to sell it when the contract was due. As the exchanges expanded their products, it helped solidify Chicago's status as a grain capital and then butcher to the world. This, in turn, is a large reason why the railroads grew so large here, bringing ever-more people.
The exchanges that became the CME group can't claim all the credit for Chicago's growth and success, but it's not just coincidence that the strongest city in the American Midwest also has the strongest financial exchange in the world - it's helped make Chicago's reputation in the global world of finance and kept us on the map even as manufacturing and industry moved to the Southwest and overseas.
What else can I help you with?
Which of these descriptions does not apply to the economy of eigh teenth century England?
The mercantile system was still strongA+
Can one accumulate reasonable financial wealth by saving part of his salary in a highly inflated economy?
Yes, he can. For example he could go to mercantile exchange and buy commodities (gold, platinum, etc.).
The mercantile system would be considered a laissez-faire type of economy?
false aPLUS
Mercantile system would be considered a laissez faire economy?
false nyshia clark :)
The mercantile system would be considered a laissez- faire type of economy?
false aPLUS
The mercantile system would be considered a laissez-faire type of economy.?
false aPLUS
Which of these descriptions does not apply to the economy of eighteenth centuey England?
the mercantile system was still strong
King Charles II believed englands mercantile economy was threatened when foreigners were excluded from colonial trade?
False
What is CC economy?
CC economy is the earlier economy by barter system.Comodity for Comodity exchange economy.
How Oprah help Chicago economy?
she had a radio station for chicago.
What economy accepts goods and services in exchange for commodities?
barter economy
How did England view the colonies?
The colonies were viewed as a cash cow in the mercantile economy of England.
