Joshua Greenberg on the Rage for Paper Money and Monetary Knowledge in Early America

Joshua Greenberg on the Rage for Paper Money and Monetary Knowledge in Early America

For many Americans, the question--What is a dollar worth?--may sound bizarre, if not redundant. Fluctuating international exchange rates, highly volatile crypto-currencies, counterfeit money, these are all things the average American hears about on the news, but rarely thinks about on a day-to-day basis. Even the most enthusiastic Bitcoin supporters will likely readily admit they prefer to conduct the majority of their daily transactions in a currency whose value is relatively stable, and backed by the government. And while fewer and fewer of those transactions take place using actual paper money, the fact is, the U.S. dollar remains the primary currency in which goods are quoted, traded, and payments settled across not only in the United States, but around the globe.

This was not the case two-hundred years ago when Americans were obliged to live and transact in a world filled with upwards of 10,000 unique bank notes tied to different banks of various trustworthiness. This number does not even include the plethora of counterfeit bills and countless shinplasters issued by un-regulated merchants, firms, and municipalities. In this month’s episode, our guest, Joshua Greenberg explains the incredible amount of monetary knowledge required of Americans to participate in this highly volatile and chaotic market economy. An extensive monetary knowledge was necessary not just for financiers, merchants, and others operating at a high-level of economic activity, but also those who may never have had the occasion to step foot inside a bank themselves, but, nevertheless were compelled to constantly evaluate for themselves the value and authenticity of the paper money being handed to them or risk losing out.

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Ellie Shermer on Local Elites Creating a “Good Business Climate”

Ellie Shermer on Local Elites Creating a “Good Business Climate”

Ellie Shermer discusses her book Sunbelt Capitalism: Phoenix and the Transformation of American Politics. On this episode, we speak to Ellie Shermer about how local elites in Phoenix crafted a "business climate" that made Pheonix hospitable to industry and shaped both the modern sunbelt and contemporary politics.

5 Dec 201433min

Andrew Needham on electricity and the Southwest

Andrew Needham on electricity and the Southwest

Andrew Needham discusses his new book, Power Lines: Phoenix and the Making of the Modern Southwest.  Power Lines shows that we can't think of the modern southwest without the energy that makes such places possible. Through this, he knits together a metropolitan geography that connects Phoenix with the places where it got its electricity--most prominently, coal from the Navajo Nation.

3 Nov 201435min

N.D.B. Connolly on Race and Real Estate in Miami

N.D.B. Connolly on Race and Real Estate in Miami

N.D.B. Connolly discusses how examining the ownership of real estate in Miami changes our perspective on the history of capitalism and African American history in the twentieth century. Ever wondered how real estate factors into American history? Curious about the impact of landlord-tenant struggles on the history of race in America? Listen to find out.

3 Sep 20141h 4min

David Huyssen on Progressive Era Cross-Class Encounters

David Huyssen on Progressive Era Cross-Class Encounters

David Huyssen discusses how examining encounters between the wealthy and the working class in Progressive Era New York City challenges our perception of the period's reform. Ever wondered what to make of the now-common argument that we're living in a "new Gilded Age," characterized by tremendous gaps between rich and poor? Curious how the Progressive Era might be a cautionary tale for the present? Listen to find out.

1 Aug 201431min

Sarah Nicolazzo on 18th Century Vagrancy

Sarah Nicolazzo on 18th Century Vagrancy

Sarah Nicolazzo discusses how studying literature can shed light on the history of capitalism – and how the 18th century cultural and legal category of vagrancy shaped the development of labor markets. Ever wondered about the longer history of police programs to push certain people out of public space - like L.A.'s Safer Cities Initiative or New York City's stop and frisk policy?  Curious how literature can shed light on the history of capitalism?  Want to know what Adam Smith has to do with the concept of vagrancy?  Listen to find out.

2 Juli 201454min

Julia Ott on the History of Widespread Stock Ownership

Julia Ott on the History of Widespread Stock Ownership

Julia Ott discusses how the majority of Americans came to be stock owners. Ever wondered how stockowners came to be some of the most important players in American capitalism?  Why do so many Americans own stocks and bonds, and how did we all come to be investors?  Who benefits and who loses in our system of investment?  How does our system of "investor democracy" shape American lives?  Listen to find out.

2 Juni 201454min

Louis Hyman on the History of Consumer Credit

Louis Hyman on the History of Consumer Credit

Louis Hyman of Cornell University discusses the changing shape of consumer credit since World War II.  Ever wondered how the credit card came to be?  Who benefits and who loses in our system of consumer credit?  Or how debt shapes American lives?  Listen to find out.

1 Maj 201443min

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