The Boston Tea Party Was a Protest Against the East India Company Being Too Big to Fail

The Boston Tea Party is the most misunderstood event in American history. Every schoolchild learns it was an antitax protest, proof that Americans have always hated paying taxes. But the Tea Act of 1773 was actually a tax cut. Parliament lowered the duties on tea to bail out the East India Company,…

The 1873 Global Financial Meltdown that Cause 20 Years of Deflation and Destroyed 2 Empires

On May 9, 1873, as the Vienna Stock Exchange collapsed and thousands of speculators were wiped out in a single afternoon, young Salbert von Rothschild and two colleagues from the Schey and Goldschmidt banking families were nearly lynched on the floor of the exchange by infuriated stockjobbers and h…

Johnny Appleseed's Trees Were for Booze, Not Pies, and He Dressed Like a Hobo for Marketing Purposes

The Disney version of Johnny Appleseed has a cheerful barefoot man in a tin pot hat scattering apple seeds for grateful pioneers to bake into pies. The real John Chapman collected his seeds for free from cidery waste, planted them into strategically fenced nurseries on land he bought ahead of the s…

All the World’s Empires Became Nations in Less Than 100 Years, and What That Means for the Next 100

For the last 5,000 years, empires ruled the world — Rome administered hundreds of languages across three continents, and the Ottomans governed Christians, Jews, and Muslims under a single legal canopy. The nation-state as we know it is barely a century old for most of the world's population. In 190…

Five Cambridge Graduates Became Soviet Spies and Built Stalin’s Empire

The Cambridge Five did more damage to the Western Bloc than any other intelligence outfit of the Cold War. They were five Cambridge graduates who drank gin at the right clubs, moved through the right corridors of British intelligence at the height of WW2, and quietly handed Stalin the keys to post-…

Washington’s Power Went Beyond President or General – He Was a Full-Fledged Patriarch

Washington was the perfect man for an impossible moment — aristocratic enough to command the respect of erudite founders like Hamilton and Jefferson, yet only a mid-level Virginia planter who understood ordinary life and could relate to common soldiers because his ancestors had fled the English Civ…

Abigail Adams Beat Warren Buffet’s Rate of Return and Ben Franklin Loved Debt: Personal Finance Lessons From Colonial America

Many so-called timeless beliefs about money pitched by financial advisors today (compound interest, real estate, index funds, retiring early) are not timeless pieces of wisdom, but a set of ideas invented within the last century, mostly by accident. In fact, the biggest financial dangers come from …

The Highs and Lows of Roman Slavery: From the Emperor's Advisor to Suffocating in Sulfur Mines

When Julius Caesar conquered Gaul he boasted that he killed a million Gauls and enslaved a million more. This is the truth about the Roman empire: Rome could not function without slavery as it underpinned every single part of their economy. Without the millions of people snatched from their homes i…

A Day at the Gladiatorial Games: Beast Hunts, Mass Slaughter, and Flooding the Colosseum to Reenact Roman Naval Battles

A gladiator named Diodorus defeated his opponent Demetrius in the arena, accepted his submission, discarded his own helmet and shield, and reached for the palm branch that marked his victory. Then the referee refused to honor the submission and ordered the fight to continue. Diodorus was killed. Hi…

The Black Death’s Global Ripple Effects, and How They Were Felt Outside Europe

Of the millions of victims of the Black Death, one was a teenager named Joseph ben Meir Abulafia, who died of the plague in Toledo in 1349 alongside his new wife. His tombstone was inscribed as a conversation with the dead: "I am the man who has seen desolation and destruction, blood and pestilence…