Before Reuters was a global news giant, it was a man and 45 homing pigeons. Julius Reuter saw that the telegraph would change how information moved, and he used that to his advantage. He didn’t have to get news out immediately — he just had to be first. Jacob Goldstein and Robert Smith follow Reuter from Germany to England, where he scoops The Times of London with news that Europe was headed to war. 

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Before Reuters was a global news giant, it was a man and 45 homing pigeons. Julius Reuter saw that the telegraph would change how information moved, and he used that to his advantage. He didn&rsquo;t have to get news out immediately &mdash; he just had to be first. Jacob Goldstein and Robert Smith follow Reuter from Germany to England, where he scoops The Times of London with news that Europe was headed to war.&nbsp;
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The Pigeons That Built a Global News Empire

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/74c59667-71fd-43ff-8217-b4f0015877d7/transcript

Jacob Goldstein and Robert Smith talk with Adrian Wooldridge, co-author of The Company: A Short History of a Revolutionary Idea. 

Companies are some of the most powerful institutions in the modern world – right up there with the nation-state. Where did the modern corporation come from? And what do AI and Chinese state-owned firms mean for the future of the company?

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Jacob Goldstein and Robert Smith talk with Adrian Wooldridge, co-author of The Company: A Short History of a Revolutionary Idea.&nbsp;
Companies are some of the most powerful institutions in the modern world &ndash; right up there with the nation-state. Where did the modern corporation come from? And what do AI and Chinese state-owned firms mean for the future of the company?
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How the Company Conquered the World

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In the late 1800s, a Russian immigrant named Samuel Zemurray spent nearly everything he had on a load of bananas, and turned it into a fortune. But Sam the Banana Man wasn’t just a business titan. He was a puppeteer on the geopolitical stage, bankrolling a revolution in Honduras and pushing the CIA to overthrow Guatemala’s democratically elected leader. 

For decades, Zemurray battled the United Fruit Company, an institution with its tentacles in governments across the Americas — including the United States. In the end, he wound up running the company.

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In the late 1800s, a Russian immigrant named Samuel Zemurray spent nearly everything he had on a load of bananas, and turned it into a fortune. But Sam the Banana Man wasn&rsquo;t just a business titan. He was a puppeteer on the geopolitical stage, bankrolling a revolution in Honduras and pushing the CIA to overthrow Guatemala&rsquo;s democratically elected leader.&nbsp;
For decades, Zemurray battled the United Fruit Company, an institution with its tentacles in governments across the Americas &mdash; including the United States. In the end, he wound up running the company.
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Sam the Banana Man: Gunboats, Coups, and United Fruit 

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We're here with a preview of Blockers, a new audiobook from Michael Lewis, the author of Liars Poker, Moneyball, The Big Short and more. In Blockers, Lewis tells the story of a handful of people who dedicated their careers to public service—until the Department of Government Efficiency decided they were a problem. These were people who believed they had a calling—people who kept American's sensitive tax data out of the wrong hands, made sure that politicians and civil servants played by the rules, and figured out how to stop wildfires from destroying suburban neighborhoods—and then discovered they were no longer wanted.

Here's an excerpt from the audiobook. You can buy the audiobook exclusively at blockers.fm. 

We're here with a preview of Blockers, a new audiobook from Michael Lewis, the author of Liars Poker, Moneyball, The Big Short and more. In Blockers, Lewis tells the story of a handful of people who dedicated their careers to public service&mdash;until the Department of Government Efficiency decided they were a problem. These were people who believed they had a calling&mdash;people who kept American's sensitive tax data out of the wrong hands, made sure that politicians and civil servants played by the rules, and&nbsp;figured out how to stop wildfires from destroying suburban neighborhoods&mdash;and then discovered they were no longer wanted.
Here's an excerpt from the audiobook. You can buy the audiobook exclusively at <a href="http://blockers.fm/" data-airgap-id="19">blockers.fm</a>.&nbsp;

Blockers | A Preview of Michael Lewis's New Audiobook

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97519d76-bb9c-4a95-bb68-b4da00f919cb/transcript

Business History is off this week, so we wanted to keep you entertained with a rerun, in case you missed our Beetle episode the first time around. (You can help us win a Signal Award for this episode by voting here.)

The VW Beetle was the biggest selling car of all time - and it found particular favor with people like hippies and surfers. But this icon of the 60s counterculture had its roots in Nazism. The Volkswagen - the People's Car - was an obsession of Adolf Hitler. He wanted to transform Germany into a land of drivers - and needed an affordable, but reliable automobile.  

Germany's private auto manufacturers knew the project was doomed to failure. So Hitler assembled a team of designers and factory managers to enact his vision - even if that meant enslaving workers and committing murder.  

Write to us at businesshistory@pushkin.fm

Business History is off this week, so we wanted to keep you entertained with a rerun, in case you missed our Beetle episode the first time around. (You can help us win a Signal Award for this episode by voting <a href="https://vote.signalaward.com/PublicVoting#/2026/individual-episodes/genre/history" data-airgap-id="11">here</a>.)
The VW Beetle was the biggest selling car of all time - and it found particular favor with people like hippies and surfers. But this icon of the 60s counterculture had its roots in Nazism. The Volkswagen - the People's Car - was an obsession of Adolf Hitler. He wanted to transform Germany into a land of drivers - and needed an affordable, but reliable automobile.&nbsp;&nbsp;
Germany's private auto manufacturers knew the project was doomed to failure. So Hitler assembled a team of designers and factory managers to enact his vision - even if that meant enslaving workers and committing murder.&nbsp;&nbsp;
Write to us at <a href="mailto:businesshistory@pushkin.fm">businesshistory@pushkin.fm</a>

Hitler's Gift to the Hippies: The VW Beetle Story Part I – Rerun

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Wayne Huizenga came from a long line of trash collectors. It was a rough, fragmented, mom-and-pops business which notoriously attracted mobsters. But Huizenga set out to buy his small competitors - to roll them up - to form the biggest waste management firm in the world. 

Huizenga bought up rival companies at a furious pace - several per week - and when he tired of the trash business he looked for something new. In the 80s, video stores also tended to be mom 'n pops outfits. Huizenga spotted that there was a golden opportunity to consolidate the rental industry, so used roll ups to build the giant Blockbuster Video chain.  

Write to us at businesshistory@pushkin.fm

Wayne Huizenga came from a long line of trash collectors. It was a rough, fragmented, mom-and-pops business which notoriously attracted mobsters. But Huizenga set out to buy his small competitors - to roll them up - to form the biggest waste management firm in the world.&nbsp;
Huizenga bought up rival companies at a furious pace - several per week - and when he tired of the trash business he looked for something new. In the 80s, video stores also tended to be mom 'n pops outfits. Huizenga spotted that there was a golden opportunity to consolidate the rental industry, so used roll ups to build the giant Blockbuster Video chain. &nbsp;
Write to us at <a href="mailto:businesshistory@pushkin.fm">businesshistory@pushkin.fm</a>

King of the Roll-Ups: The Man Who Created a Trash Empire, Then Built Blockbuster Video 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/32ec8725-c64b-4f49-8676-b4bd009eab12/transcript

With the news of Warren Buffett stepping down as chairman of Berkshire Hathaway, we are revisiting an episode from our two-part series on Buffet.

Warren Buffett rose from obscurity to become the richest person in the world - and he did it in a unique way. As a boy in Omaha he collected information obsessively - writing down car license numbers and hoarding bottle caps. As a young man, Buffett turned his focus on scouring business accounts to find companies that had hidden value no one else could spot.

We tell the story of young Warren Buffett as he quietly worked building up the expertise and accumulating the wealth that would allow him to become the most famous investor of our age.   

With the news of Warren Buffett stepping down as chairman of Berkshire Hathaway, we are revisiting an episode from our two-part series on Buffet.
Warren Buffett rose from obscurity to become the richest person in the world - and he did it in a unique way. As a boy in Omaha he collected information obsessively - writing down car license numbers and hoarding bottle caps. As a young man, Buffett turned his focus on scouring business accounts to find companies that had hidden value no one else could spot.
We tell the story of young Warren Buffett as he quietly worked building up the expertise and accumulating the wealth that would allow him to become the most famous investor of our age.&nbsp; &nbsp;

How Warren Buffet Built His Legacy By Finding Value No One Else Could See – Rerun

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7086dd33-b538-46c6-8640-b4c901160f5b/transcript

Herman Petty was a Chicago barber and bus driver who dreamed of running his own business. When his local McDonald's restaurant was abandoned in 1968, Herman approached the company and said he should be the first black American to be given a hamburger franchise. 

Herman and other black pioneers faced unique problems running McDonald's in America's inner cities - but their businesses soon flourished and they fought to make the burger giant listen to its black franchisees and customers.     

 Write to us at businesshistory@pushkin.fm

Herman Petty was a Chicago barber and bus driver who dreamed of running his own business. When his local McDonald's restaurant was abandoned in 1968, Herman approached the company and said he should be the first black American to be given a hamburger franchise.&nbsp;
Herman and other black pioneers faced unique problems running McDonald's in America's inner cities - but their businesses soon flourished and they fought to make the burger giant listen to its black franchisees and customers.&nbsp; &nbsp; &nbsp;
&nbsp;Write to us at <a href="mailto:businesshistory@pushkin.fm">businesshistory@pushkin.fm</a>

Herman Petty's Dream: The Struggles of the First Black American to Own a McDonald's 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/51983ce2-2564-4a3d-95b2-b4b900cd3d57/transcript

Concluding our story of Andrew Carnegie's effort to break the unions at his Homestead steel factory, we look at how the plant boss Henry Clay Frick enlisted a private army of Pinkerton detectives to confront the steel workers. Gunfire erupts and there are deaths on both sides.   

The so-called battle of "Fort Frick" seems to go the way of the unions - until a young anarchist comes to town hoping to piggyback on the unrest to further his goal of sparking a revolution. He finds a way into Frick's office... and he comes armed with a pistol and a knife.     

Write to us at businesshistory@pushkin.fm

Concluding our story of Andrew Carnegie's effort to break the unions at his Homestead steel factory, we look at how the plant boss Henry Clay Frick enlisted a private army of Pinkerton detectives to confront the steel workers. Gunfire erupts and there are deaths on both sides.&nbsp; &nbsp;
The so-called battle of "Fort Frick" seems to go the way of the unions - until a young anarchist comes to town hoping to piggyback on the unrest to further his goal of sparking a revolution. He finds a way into Frick's office... and he comes armed with a pistol and a knife.&nbsp; &nbsp; &nbsp;
Write to us at <a href="mailto:businesshistory@pushkin.fm">businesshistory@pushkin.fm</a>

The Battle of Fort Frick and the Anarchist Assassin

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b87dddf7-cb95-4064-bc5b-b4b000f30f80/transcript

In the first of two shows about the fight between the richest man and the unions at his Homestead steel plant - we look at why Andrew Carnegie decided that his workforce deserved a smaller share of his profits and the lengths he went to to cut their wages.    

Carnegie grew up in poverty and publicly proclaimed that rich moguls such as he had a duty to aid the poor - but that didn't stop him using every weapon at his disposal to crush the steel workers' union. The fight got violent - very violent - and its ripples are still being felt to this day.  

Write to us at businesshistory@pushkin.fm

In the first of two shows about the fight between the richest man and the unions at his Homestead steel plant - we look at why Andrew Carnegie decided that his workforce deserved a smaller share of his profits and the lengths he went to to cut their wages.&nbsp; &nbsp;&nbsp;
Carnegie grew up in poverty and publicly proclaimed that rich moguls such as he had a duty to aid the poor - but that didn't stop him using every weapon at his disposal to crush the steel workers' union. The fight got violent - very violent - and its ripples are still being felt to this day.&nbsp;&nbsp;
Write to us at <a href="mailto:businesshistory@pushkin.fm">businesshistory@pushkin.fm</a>

Andrew Carnegie's War with his Workers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/28865f61-bb30-4e02-b5e1-b4b000f2bfb3/transcript

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.

It&rsquo;s the history of business. How did Hitler&rsquo;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.

Business History

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