“A wise man never sells out at the first sign of trouble. That’s for the pikers.”
This is the story of the 1929 Wall Street Crash.
On October 24, or “Black Thursday,” stock prices plunge unexpectedly. Early the next week, whatever was left of the bottom falls out on “Black Tuesday.” The New York Stock Exchange has crashed. The Roaring 20s are over.
But wh ... Show More
May 22
206: American Propaganda: Cap’s Debut, Frank Capra’s War Docs, and Casablanca
“Will young, freewheeling American boys take the iron discipline of wartime? … In my judgment the answer is Yes! ... if the answers they get are worth fighting and dying for.” This is the story of propaganda on the home front. The word “propaganda” has some messy connotations, bu ... Show More
1h 3m
May 11
205: Total War on the Home Front: Victory Gardens, Volunteering, and the Double V
“I suggest that while we keep defense and victory in the forefront, that we don't lose sight of our fight for true democracy at home.” This is the story of life on the American home front. While millions of brave men and women are sacrificing life and limb “over there,” those lef ... Show More
58m 33s
Jan 2025
President FDR & the New Deal
<p>In 1932, amidst the Great Depression, Franklin D. Roosevelt was elected the 32nd President of the United States. He was more than a leader; he was a beacon of hope, steering the nation through its darkest days... and the newly-elected president had a plan.</p><br><p>In this ep ... Show More
39m 53s
Aug 2024
What Just Happened on Wall Street?
<p>Every major U.S. stock market plunged on Monday, wiping out billions of dollars in value.</p><p>Jeanna Smialek, who covers the U.S. economy for The Times, discusses what was behind the dizzying sell-off — and what it can tell us about whether America is headed for a recession. ... Show More
23m 32s
Jan 2025
The Hidden History of Eurodollars, Part 1: Cold War Origins
At more than $10 trillion outstanding, the eurodollar market is one of the biggest forms of shadow banking activity out there. It's also one of the most interesting markets in existence, allowing non-US banks to hold and lend offshore dollars that effectively sit outside of the F ... Show More
33m 52s
Dec 2016
125. Sebastian Mallaby on Alan Greenspan and the Dotcom Bubble
As most of you know, I’m busy writing a book that this podcast is partially source material for, and at the moment, I’m deep in the weeds on chapters about the Dotcom bubble—how it happened, why it happened, that sort of thing. By necessity, I’ve been going into a lot of economic ... Show More
36m 36s
Feb 2021
Episode 91, 'How to Save the World from Financialisation' with Grace Blakeley (Part II - A Green Future, Further Analysis and Discussion)
<p class="">'History has ended, and capitalism is the last man standing. The innovations and freedoms enjoyed by the Global North have shown that the free market is the only viable economic system; it is almost impossible to imagine a coherent alternative.'</p> <p class="">This w ... Show More
26m 59s