All About Economy
Learn about the economic and corporate practices, policy, and more in The 'Opolis.
The Story Behind Our Economic System
Beginning in our early history and continuing well into the early 2000s, our economy had been stable, but stale. As you may have read in the "History" section, Sternbergopolis was known as Homestead Village, which operated under a very strict economic policy under the Royal Government. Beginning in 2000, with the now-repealed Millennium Revitilisation Act under the James VII reign, trade was opened to a new, more capitalist system and trade increased exponentially, driving economy upwards, until it hit its cap in April 2003, as government regulations prevented more outward monetary flow. The imposition of high import taxes eventually stifled the economy once again, nearly sending economic stability into collapse.
With the takeover of President Sternberg, gradual progress has been made towards complete economic freedom. On 1 April 2006, the Persyton and Wepost stock exchanges were opened to more public trading, and with the Economic Strength Injection Act, the national stock and investment system was opened to the general public and combined with import and export system already in place to form a more sensible and capitalist economic system. With highs and lows over the years and more and more legislation to improve the economy, the last few years have seen a drastic soar in the success of Sternbergopolan businesses. The last major piece of legislation, the Nationalism Act, was passed in 2012, and the day it went into effect saw the most drastic increase of Sternbergopolan stock indexes in history.
Today, the economic landscape of Sternbergopolis looks quite different than it did just a few years ago. Sternbergopolis is a haven for prosperity, success, and opportunity for all people, and is known for being such. As of March 2014, Sternergopolis has the highest and fastest growing economy of the IIU, and has the highest GDP in the universe.
With the takeover of President Sternberg, gradual progress has been made towards complete economic freedom. On 1 April 2006, the Persyton and Wepost stock exchanges were opened to more public trading, and with the Economic Strength Injection Act, the national stock and investment system was opened to the general public and combined with import and export system already in place to form a more sensible and capitalist economic system. With highs and lows over the years and more and more legislation to improve the economy, the last few years have seen a drastic soar in the success of Sternbergopolan businesses. The last major piece of legislation, the Nationalism Act, was passed in 2012, and the day it went into effect saw the most drastic increase of Sternbergopolan stock indexes in history.
Today, the economic landscape of Sternbergopolis looks quite different than it did just a few years ago. Sternbergopolis is a haven for prosperity, success, and opportunity for all people, and is known for being such. As of March 2014, Sternergopolis has the highest and fastest growing economy of the IIU, and has the highest GDP in the universe.