Podcast
Business History
Hosted by Pushkin Industries · EN
It’s the history of business. How did Hitler’s favorite car become synonymous with hippies? What got Thomas Edison tangled up with the electric chair? Did someone murder the guy who invented the movies? Former Planet Money hosts Jacob Goldstein and Robert Smith examine the surprising stories of businesses big and small and find out what you can learn from those who founded them.
18episodes
Episodes
Newest firstAll episodes
The Founding Father Who Got Rich in the Revolution
5d ago00:47:42Summary readyTwo-hundred-and-fifty years ago George Washington was fighting the Revolutionary War against the British, but Robert Morris doing something just as vital. He was raising money for the fighting and buying the gunpowder, tents, food and uniforms Washington's army needed. Morris had been a merchant before the revolution, so didn't see why he shouldn't personally profit from his work supplying the colonists' struggle. He emerged from the war as a rich man and owned huge tracts of land. But the turbulent final years of the 18th Century saw Morris go first into substantial debt and then fall into utter ruin. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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The Dumbest Business Ever... Shipping Melting Ice to Calcutta.
2w ago00:47:17Summary readyFrederic Tudor could get ice any time he wanted. He lived in chilly Boston and his family had a lake that froze over in the winter. Harvesting ice and storing it was a normal thing in New England in the 1800s, but Frederic decided he'd make a fortune if he could ship ice to the warmest places on earth. And everyone thought this was the dumbest business idea of all time! No one would back Frederic's plan - no one would even let him rent a ship to carry his ice. For decades he tried and failed to get his ice business running. He even ended up broke and in jail. But finally he prevailed and became a wealthy and celebrated figure - who changed the world. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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From History Daily: John S. Pemberton Sells the First Glass of Coca-Cola
2w ago00:15:36Summary readyHere's a preview of a show we think you'll like, History Daily. Every weekday, Lindsay Graham explores a momentous event that happened 'on this day' in history. Today: American pharmacist John S. Pemberton sells the first glass of Coca-Cola at a pharmacy in downtown Atlanta, a drink he originally bills as a cure-all tonic for the chronic pain caused by war and drug addiction.See omnystudio.com/listener for privacy information.
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The Match Maker Who Nearly Burned Down Wall Street
3w ago00:48:34Summary readySwedish entrepreneur Ivar Kreuger built a fortune selling matches. He used this money to build a world famous financial empire that bankrolled whole countries. France borrowed from Kreuger. Germany borrowed from Krueger. He was crowned "The Match King" and ruled Wall Street in the 1920s. But Kreuger's business was about to burn to the ground. The Swede had been using shady - even criminal - methods to move money around his empire and the good times came to an end. The discovery of Kreuger's crimes created chaos, but also proved pivotal in the creation of America's modern financial safeguards. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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Did "Neutron" Jack Welch Nuke GE?
4w ago00:53:23Summary readyIn 1999, Jack Welch was named "Manager of the Century". As CEO of General Electric for 20 years, Welch transformed the conglomerate and made it the biggest company in the world. Nicknamed "Neutron Jack", he closed down big chunks of old GE and set up new ventures... including GE Capital - which operated more like a bank than the wing of a manufacturing giant. Under the leadership of "Neutron Jack", General Electric was consistently profitable and seemed to be a safe investment... but in fact the company was headed for disaster. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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The Widow Who Ruled the Champagne World
Apr 2900:40:40Summary readyRunning a wine business in Napoleonic France wasn't easy. Constant wars meant naval blockades stopped you exporting your wares and invading armies might loot your cellars. But it was even harder for women - who were forbidden to run companies. None of this stopped Barbe-Nicole Clicquot. When her husband died, she used a loophole that allowed widows to be entrepreneurs. Naming her Champagne brand after herself - Veuve Clicquot - the "Widow Clicquot" pioneered innovations in production and marketing that transformed the entire industry. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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The Business of Staying Young and Living Forever (with Kara Swisher)
Apr 2200:42:29Summary readyKings and emperors spent fortunes pursuing the secret of eternal youth - but now it's tech billionaires who want to live forever and are funding research into scientific (and not-so-scientific) ways to beat aging and death. Kara Swisher (host of CNN's new series Kara Swisher Wants to Live Forever) joins Jacob and Robert to discuss the longevity business - from ancient China, via yoghurt enemas and blood swaps, to the latests developments in DNA editing. We also find out how Kara wants to die. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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Sinking the Global Economy: The Lloyds of London Story Part II
Apr 1500:39:44Summary readyIn the 1980s, Lloyds of London insured satellites, rock singers' voices and the legs of sports stars. Everyone was having fun and making money - but disaster was just around the corner. Lloyds had always operated on the principle of unlimited liability - so the people backing up the insurance policies were expected to pay over all their assets if required. That hardly ever happened - until a series of huge claims hit Lloyds and the insurers suddenly faced huge bills that threatened to destroy the whole operation and the wider economy. Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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The Insurers Who ALWAYS Paid Out: The Lloyds of London Story Part I
Apr 800:32:19Summary readyEdward Lloyd opened a coffee shop near the River Thames in the 1680s - it became a place where ship owners and money men rubbed shoulders and a trade in marine insurance sprang up. The coffee-drinking insurers eventually decided to form an association and agree on a set of rules - and so Lloyd's of London was born. It became a key factor in keeping the global sea trade going, but soon branched out into insuring against burglaries, hurricanes and even earthquakes. Lloyds developed a principle that seems odd today. It ignored the small print and said: "Pay all our policy holders in full, irrespective of the terms of their policies.” Write to us at businesshistory@pushkin.fmSee omnystudio.com/listener for privacy information.
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From SNAFU with Ed Helms: Adam Grant and The OG Ponzi Scheme
Apr 100:45:40Summary readyHello Business History listeners! We'd like to share an episode from a show you might enjoy. SNAFU with Ed Helms, now in its fourth season, dives into the world’s greatest blunders, the jaw-dropping fiascos and “you can’t make this up” moments that somehow steered history off course. In this episode: Adam Grant joins Ed to uncover a certain financial fraud deployment that has haunted unsuspecting victims for decades. They head to the top of this pyramid, to unveil the origin of the ultimate form of foul play: The Ponzi Scheme.See omnystudio.com/listener for privacy information.
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