Rachel Gross on How the Outdoor Industry Sold Nature to America
Who Makes Cents?: A History of Capitalism Podcast
Release Date: 09/02/2024
Koji Hirata on Steel, Industrialization, and Chinese Socialism
Who Makes Cents?: A History of Capitalism Podcast
This month's episode looks at the history of Chinese industrialization by focusing on Anshan Iron and Steel Works or Angang, located in Manchuria. Long portrayed as the quintessential model of Mao-era socialist industrialization, Angang, as Koji Hirata shows, was, in many ways, built on the material and ideological foundations laid by imperial Japan and nationalist China. Moving forward in time, Hirata analyzes Angang’s role in the making of socialist China, including revealing the relativley understudied political tensions that existed within China's largest state-owned enterprise (SOE)...
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LIVE! @ BHC 2025
Who Makes Cents?: A History of Capitalism Podcast
It's now been over a decade since the New York Times declared that the history of capitalism was in full swing at American universities. This podcast also just celebrated its 10 year anniversary. With those milestones in mind, we wanted to take the temperature of the very folks driving the field forward into new and exciting directions. To do that, your co-hosts hit the road, interviewing attendees at the 2025 Business History Conference in Atlanta. Listen to find out what's on the mind of some of the leading historians in our field.
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Justene Hill Edwards on the Rise and Betrayal of the Freedman's Bank
Who Makes Cents?: A History of Capitalism Podcast
In this month's episode Justene Hill Edwards leads listeners on a deep dive into the rise and fall of the Freedman's Savings and Trust Company, also known as the Freedman's Bank. Among the topics explored are the bank's relationship to the similarly named Freedman's Bureau, the ways the bank’s administrators worked to gain African Americans’ trust, and, notably, how these same administrators betrayed African Americans’ trust by squandering, and, at times, outright stealing their savings to fuel their own risky ventures with longterm consequences for the racial wealth gap and African...
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Erik Baker on the Entrepreneurial Century
Who Makes Cents?: A History of Capitalism Podcast
Back in high school, my social studies teacher—who was, of course, also the football coach—told my class that entrepreneurs were the heroes of American history. If we enjoyed a dynamic economy and good jobs, it was all thanks to their genius for innovation and risk-taking. And if we wanted to get ahead, he said, we’d need to foster the same sort of entrepreneurial spirit in ourselves. You are probably rolling your eyes right now. I certainly remember doing the same back in 10th grade. But Erik Baker’s new book, Make Your Own Job How the Entrepreneurial Work Ethic Exhausted America,...
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Mary Bridges on Bankers and the Dawn of American Empire
Who Makes Cents?: A History of Capitalism Podcast
Looking back from our contemporary vantage point, the United States’ global capitalist empire looks both omnipresent and inevitable. Much of the world’s trade is denominated in dollars. American financial institutions are at the helm of international investment and capital transfers. And US military might enforces this order, either implicitly—or sometimes quite explicitly. But as Mary Bridges argues, America’s financial dominance was neither pre-ordained nor monolithic, particularly in its early days at the start of the twentieth century. In her new book, Bridges’ follows the foot...
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Seth Rockman on Slavery's Material History
Who Makes Cents?: A History of Capitalism Podcast
A simple leather shoe. A scratchy shirt made of cotton or wool. A roughly-hewn axe. A leather whip, braided in New Jersey. Southern slavery did not just depend on an extractive economic system, or a highly-unequal racial and social order, or a brutal regime of labor exploitation—even though it needed all of those things. It also required a vast array of goods: real, tangible tools and garments that were usually made in the North and used in the South. Seth Rockman’s new book follows those everyday objects: from their production, to their sale, to their distribution and use...
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Andrew Kahrl on Inequality, Theft, and Taxation in Modern America
Who Makes Cents?: A History of Capitalism Podcast
Taxes. Is there anything Americans like to complain about more? This episode takes a deep dive into the U.S. tax system, paying particular attention to the property tax. Exploding a popular myth that purports Black Americans pay little to no taxes, historian Andrew Kahrl reveals how Black Americans have long paid more than their fair share of property taxes amid and after the rise of the Jim Crow fiscal order. Along the way, we also discuss the role property taxes play in local government, movements for equitable taxation, and the exploitative tax lien industry and its role in a massive...
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Andrew McKevitt on Gun Capitalism
Who Makes Cents?: A History of Capitalism Podcast
450 million. According to our best estimates, that’s how many guns there are in the United States. To put that in perspective: if you gave a firearm to every single person in the nation—including babies and young children—you’d still have at least 100 million guns left over. Why did we amass such a large stockpile of guns? How did the US become an outlier among nations when it came to civilian gun ownership? On this month’s episode, Andrew McKevitt reveals the history of what he calls “gun capitalism” in the decades after World War II. He helps us see how the exploding firearms...
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Rachel Gross on How the Outdoor Industry Sold Nature to America
Who Makes Cents?: A History of Capitalism Podcast
In 2022 and 2023, an estimated 50 million Americans went camping. Many others participated in outdoor recreation activities ranging from mountain-climbing to sailing. According to the U.S. Department of Congress, in 2022, the outdoor recreation economy was worth $563.7 billion or 2.2 percent of GDP. In this episode, historian Rachel Gross takes us on an adventure through the outdoor industry’s rise, from Teddy Roosevelt's famous buckskin jacket to the ascendance of companies like Eddie Bauer and L.L. Bean, to the use of synthetic materials like GoreTex, and much much more. Along the way,...
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Margot Canaday on Queer Workers in Modern America
Who Makes Cents?: A History of Capitalism Podcast
In today's episode, Margot Canaday reveals the not-so-hidden history of LGBT workers in modern America. In the absence of state protections, she finds, some employers actually appreciated queer workers precisely because they were contingent, unattached, and exploitable. In many ways, that employment relationship augured the way all workers would come to be treated in the era of post-Fordism. And it would set the terms for queer peoples’ struggles for recognition and protections on the job in the closing decades of the twentieth century.
info_outlineIn 2022 and 2023, an estimated 50 million Americans went camping. Many others participated in outdoor recreation activities ranging from mountain-climbing to sailing. According to the U.S. Department of Congress, in 2022, the outdoor recreation economy was worth $563.7 billion or 2.2 percent of GDP.
In this episode, historian Rachel Gross takes us on an adventure through the outdoor industry’s rise, from Teddy Roosevelt's famous buckskin jacket to the ascendance of companies like Eddie Bauer and L.L. Bean, to the use of synthetic materials like GoreTex, and much much more. Along the way, we discuss an important question: Why is it that so many people’s first stop on the way to the woods is an outdoor store?