Raw Materials, Big Impact: How Commodities Drive the World’s Economy

Dive into the world of commodities in this insightful episode! Learn what commodities are, from raw materials like metals and energy to agricultural goods like wheat and coffee. Erin and Erica break down the categories: energy, agriculture, and metals, and explore how markets like the Chicago Board of Trade and the New York Mercantile revolutionized global trading. Discover the role of futures contracts, the benefits and risks of investing in commodities, and how they can hedge against inflation and market volatility. Whether you're curious about gold, oil, or even avocado toast, this episode has something for everyone!