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The History of US Economics

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Latest episodes

Slavery and Capitalism

February 27, 2019 · 29 min

What is the price of a human being? This episode explores the darkest stain on the history of US economics; slavery. The American south was one of the richest regions on the planet in the 1850s. Yet, despite their cash, many historians…
Economics of Division: Lead up to the War

December 10, 2018 · 30 min

We pick up our narrative in the 1850s, while the US was on the brink of the bloody Civil War. What was the economic situation that preceded the war? And what economic variables caused the war to happen? This episode explores the effect…
Marxism vs Capitalism: A War of Ideas

November 4, 2018 · 36 min

The mid 19th century was a period which inaugurated Marxism and the Neoclassical Revolution, opposing ideologies which set the stage for economic battle for the next 150 years. This episode explores the origins of both school of thought…
War, Gold and Expansion

October 7, 2018 · 33 min

During the 1840's the US expanded by nearly 66%. What happens to an economy when the landmass it oversees expands by that much in just 3 years? Also, what happens to an economy which is on a gold standard, when a gold rush dumps millions…
The Free Banking Era

September 10, 2018 · 42 min

In the years before the Panics of 1837 and 1839, the US economy experienced an economic system remembered as the Free Banking Era. It was a time when the Jacksonian Deomcrats, and their Laissez Faire ideals were in power. How did the…

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The Bank Was Saved and the People Were Ruined

August 19, 2018 · 28 min

The Second Bank of the US was formed to help stabilize the inflationary environment following the War of 1812. This episode explores the inflation that helped to derail the economy leading up to the Panic of 1819 as well as the outcome of…
From Plenty to Ruin

July 24, 2018 · 29 min

This episode is about the Panic of 1819, America's first (post-Revolutionary War) financial crisis. We pick up with the economically vibrant years following the War for Independence and learn what it takes to derail a healthy economy…
The US and Tariffs Part 1; The Pre-Civil War Era

July 15, 2018 · 24 min

This episode takes a break from the chronological narrative we've been following thus far to consider the tariff history of the US from the signing of the Constitution to the Civil War. We'll explore what tariffs are, the good sides and…
The Constitution through an Economic Lens

July 15, 2018 · 20 min

The Articles of Confederation failed to create the economic infrastructure needed to run a country. In response, a Constitutional Convention was called which set the course for the US economy. The episodes considers the Constitution…
Hamilton to the Rescue

July 15, 2018 · 20 min

The Revolutionary War left Americas economy in mountains of debt. Alexander Hamilton had a daring plan to solve that problem without defaulting or paying a cent for it. In this episode we profile the American economy following the war and…
An Inflationary Nightmare

July 15, 2018 · 20 min

The Revolutionary War threw the nation's economy into an inflationary tailspin. This episode explores the effect the War for Independence had on the economy, as well as Congress's devious means of paying for the war. *** US Economics…
Colonial Economics and Adam Smith

July 15, 2018 · 22 min

Starting in the colonial days, the US has been a test tube of capitalist thought. This episode tells the story of the US economy, starting in the Colonial period and goes through the US Revolution. The episode also talks about the Wealth…