Slow Burn illuminates America’s most consequential moments, making sense of the past to better understand the present. Through archival tape and first-person interviews, the award-winning series uncovers the surprising events and little-known characters lurking within the biggest stories of our time. Want more Slow Burn? Subscribe to Slate Plus to immediately access all episodes of Slow Burn (and your other favorite Slate podcasts) completely ad-free. Plus, you’ll unlock subscriber-exclusive ...
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תוכן מסופק על ידי Scott Rank, PhD and Scott Rank. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Scott Rank, PhD and Scott Rank או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
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Brown Brothers Harriman: The Shadowy Investment Bank That Built America’s Financial System
MP3•בית הפרקים
Manage episode 301341127 series 2421086
תוכן מסופק על ידי Scott Rank, PhD and Scott Rank. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Scott Rank, PhD and Scott Rank או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Conspiracy theories have always swirled around Brown Brothers Harriman, the oldest and one of the largest private investment banks in the United States, and not without reason. As America of the 1800s was convulsed by devastating financial panics every twenty years, the Brown Brothers Harriman quietly went from strength to strength, propping up the US financial system at crucial moments while avoiding the unwelcome attention that plagued many of its competitors. Throughout the nineteenth century, the partners helped to create paper money as the primary medium of American capitalism; underwrote the first major railroad; and almost unilaterally created the first foreign exchange system. More troublingly, there were a central player in the cotton trade and, by association, the system of slave labor that prevailed in the South until the Civil War.
Today’s guest, Zachary Karabell, author of INSIDE MONEY: Brown Brothers Harriman and the American Way of Power is here to discuss this complex marriage of money and power in America. But it’s what came after, in the 20th century, that truly catapulted the firm's influence and offers insight about their legacy and lessons for the future.
In this episode we discuss:
Brown Brothers Harriman’s essential and largely unknown role in shaping American history
How Brown Brothers Harriman helped create an axis of political and economic power, educated at elite schools, now known as “the Establishment”
How a balanced sense of self-interest and collective good helped Brown Brothers Harriman avoid the fate of “too big to fail” firms in the twenty-first century
The idea of “enough” wealth or “enough” success – has it become alien in today’s economy? Was it always this way?
What lessons can be learned from those who stewarded the expansion of America’s infrastructure in the early days of our democracy as we embark on rebuilding our infrastructure today?
…
continue reading
Today’s guest, Zachary Karabell, author of INSIDE MONEY: Brown Brothers Harriman and the American Way of Power is here to discuss this complex marriage of money and power in America. But it’s what came after, in the 20th century, that truly catapulted the firm's influence and offers insight about their legacy and lessons for the future.
In this episode we discuss:
Brown Brothers Harriman’s essential and largely unknown role in shaping American history
How Brown Brothers Harriman helped create an axis of political and economic power, educated at elite schools, now known as “the Establishment”
How a balanced sense of self-interest and collective good helped Brown Brothers Harriman avoid the fate of “too big to fail” firms in the twenty-first century
The idea of “enough” wealth or “enough” success – has it become alien in today’s economy? Was it always this way?
What lessons can be learned from those who stewarded the expansion of America’s infrastructure in the early days of our democracy as we embark on rebuilding our infrastructure today?
881 פרקים
MP3•בית הפרקים
Manage episode 301341127 series 2421086
תוכן מסופק על ידי Scott Rank, PhD and Scott Rank. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Scott Rank, PhD and Scott Rank או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Conspiracy theories have always swirled around Brown Brothers Harriman, the oldest and one of the largest private investment banks in the United States, and not without reason. As America of the 1800s was convulsed by devastating financial panics every twenty years, the Brown Brothers Harriman quietly went from strength to strength, propping up the US financial system at crucial moments while avoiding the unwelcome attention that plagued many of its competitors. Throughout the nineteenth century, the partners helped to create paper money as the primary medium of American capitalism; underwrote the first major railroad; and almost unilaterally created the first foreign exchange system. More troublingly, there were a central player in the cotton trade and, by association, the system of slave labor that prevailed in the South until the Civil War.
Today’s guest, Zachary Karabell, author of INSIDE MONEY: Brown Brothers Harriman and the American Way of Power is here to discuss this complex marriage of money and power in America. But it’s what came after, in the 20th century, that truly catapulted the firm's influence and offers insight about their legacy and lessons for the future.
In this episode we discuss:
Brown Brothers Harriman’s essential and largely unknown role in shaping American history
How Brown Brothers Harriman helped create an axis of political and economic power, educated at elite schools, now known as “the Establishment”
How a balanced sense of self-interest and collective good helped Brown Brothers Harriman avoid the fate of “too big to fail” firms in the twenty-first century
The idea of “enough” wealth or “enough” success – has it become alien in today’s economy? Was it always this way?
What lessons can be learned from those who stewarded the expansion of America’s infrastructure in the early days of our democracy as we embark on rebuilding our infrastructure today?
…
continue reading
Today’s guest, Zachary Karabell, author of INSIDE MONEY: Brown Brothers Harriman and the American Way of Power is here to discuss this complex marriage of money and power in America. But it’s what came after, in the 20th century, that truly catapulted the firm's influence and offers insight about their legacy and lessons for the future.
In this episode we discuss:
Brown Brothers Harriman’s essential and largely unknown role in shaping American history
How Brown Brothers Harriman helped create an axis of political and economic power, educated at elite schools, now known as “the Establishment”
How a balanced sense of self-interest and collective good helped Brown Brothers Harriman avoid the fate of “too big to fail” firms in the twenty-first century
The idea of “enough” wealth or “enough” success – has it become alien in today’s economy? Was it always this way?
What lessons can be learned from those who stewarded the expansion of America’s infrastructure in the early days of our democracy as we embark on rebuilding our infrastructure today?
881 פרקים
כל הפרקים
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