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This Happened

This Happened - February 8: Nasdaq Opens

On this day in 1971, NASDAQ, the world's first electronic stock market was created in New York City.

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What is NASDAQ? 

The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange. The NASDAQ is operated and owned by the Nasdaq, Inc. and it is home to many technology-based companies and startups.

How did the NASDAQ differ from traditional stock markets?

The NASDAQ was the first market to use electronic trading systems, as opposed to the traditional open outcry system used by other stock markets. This allowed for faster and more efficient trading.

How has the NASDAQ evolved over the years?

Over the years, NASDAQ became more robust by adding automated trading systems, and in 1998, became the first stock market in the United States to trade online, using the slogan "the stock market for the next hundred years".

What is the current role of the NASDAQ in the global financial market?

The NASDAQ is currently one of the world's largest stock markets, with a wide range of companies listed on it, including technology giants like Apple and Microsoft. It plays a significant role in the global financial market.


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Geopolitics

Smaller Allies Matter: Afghanistan Offers Hard Lessons For Ukraine's Future

Despite controversies at home, Nordic countries were heavily involved in the NATO-led war in Afghanistan. As the Ukraine war grinds on, lessons from that conflict are more relevant than ever.

Photo of Finnish Defence Forces in Afghanistan

Finnish Defence Forces in Afghanistan

Johannes Jauhiainen

-Analysis-

HELSINKI — In May 2021, the Taliban took back power in Afghanistan after 20 years of international presence, astronomical sums of development aid and casualties on all warring sides.

As Kabul fell, a chaotic evacuation prompted comparisons to the fall of Saigon — and most of the attention was on the U.S., which had led the original war to unseat the Taliban after 9/11 and remained by far the largest foreign force on the ground. Yet, the fall of Kabul was also a tumultuous and troubling experience for a number of other smaller foreign countries who had been presented for years in Afghanistan.

In an interview at the time, Antti Kaikkonen, the Finnish Minister of Defense, tried to explain what went wrong during the evacuation.

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“Originally we anticipated that the smaller countries would withdraw before the Americans. Then it became clear that getting people to the airport had become more difficult," Kaikkonen said. "So we decided last night to bring home our last soldiers who were helping with the evacuation.”

During the 20-year-long Afghan war, the foreign troop presence included many countries:Finland committed around 2,500 soldiers,Sweden 8,000,Denmark 12,000 and Norway 9,000. And in the nearly two years since the end of the war, Finland,Belgium and theNetherlands have commissioned investigations into their engagements in Afghanistan.

As the number of fragile or failed states around the world increases, it’s important to understand how to best organize international development aid and the security of such countries. Twenty years of international engagement in Afghanistan offers valuable lessons.

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