What can America's first 250 years teach investors? In this special Independence Day episode, Mark Riepe examines key moments in U.S. economic and financial history, including national debt, inflation, currency, taxation, tariffs, and personal finance. Through stories spanning the Revolutionary War to the 20th century, he highlights the people, policies, and financial decisions that helped shape the nation—and the lessons they still offer today.

After you listen:

Curious how today's policy debates connect to the markets? Listen to the WashingtonWise podcast for Mike Townsend's analysis of the issues shaping investors' decisions.

Financial Decoder is an original podcast from Charles Schwab.

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Important Disclosures

This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions.

The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.

Investing involves risk, including loss of principal.

Past performance is no guarantee of future results.

The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.

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