The Haiti earthquake inspired massive donations to help relief efforts. Most of these donations were made via credit cards. Normally, credit cards charge a 1-3 percent fee for their use. These fees, known as interchange, generate $45 billion a year in revenue for the companies. read more
This might shock you, but Haiti has not changed much since the earthquake. Prior to the earthquake, our economy was in shambles and corruption in politics was rampant. read more
A 7.0 magnitude earthquake hit this small nation’s capital, leaving the city in ruins. As expected this natural disaster had a devastating effect on Haiti’s economy, as well as its surrounding nations. Death totals topped 200,000 and reliable industries and structures were destroyed, leaving the nation in a tough situation. read more