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It was Chicago's cold winters that gave birth to the futures market, author Emily Lambert says. In the beginning, commodities trading was all about hedging bets against bad weather, spoilage ? or an accidental dump in the river.
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Full story at http://www.npr.org/2011/01/29/132838902/how-bad-weather-built-the-worlds-biggest-markets?ft=1&f=1006
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