Unraveling The Curious Tale Of The Mid-Century Onion Debacle: A Pungent Mishap

The infamous mid-century Onion Debacle is the aftermath of two men, Vincent Kosuga and Sam Siegel, manipulating the market to make a fortune off onion futures in Chicago. Consequently, the government put onions off limits for future commodity trading.

History is filled with chronicles and fascinating incidents that capture our attention and ignite our curiosity. Similarly, the onion fiasco which unfolded during the mid-20th century is a pungent mishap that has left a lasting impression on the world.

Stocks and commodities are the available assets that can be traded to make a profit. However, the U.S. explicitly banned onions from trading, one of the only commodities, after a scheme nearly crashed the market and ruined the farmers’ lives. Let’s know what happened to the U.S. market and how this intensity occurred. Read More