The U.S. dollar's origin story begins not in Philadelphia or Washington, but in a half-frozen mining valley in 16th-century Bohemia, where Saxon miners accidentally named their town after a saint and set the world's dominant currency in motion. That currency's history stretches from a 1518 christening party all the way to the eurodollar markets of Cold War London — and the central is that money is a product, not a symbol of sovereignty. From Spanish silver hollowing out Toledo's workshops to enslaved people serving as bank collateral in antebellum New Orleans, the dollar's history is less a triumph than a series of accidents and power grabs.

Today’s guest is Brendan Greeley, author of The Almighty Dollar: 500 Years of the World’s Most Powerful Money, and he explains how colonial Americans invented paper money not as a revolutionary act but as a desperate workaround for chronic small-change shortages — and how that same improvised spirit resurfaced when a Maytag dealer in Iowa printed his own dollars to keep a Depression-era town alive. He also dismantles the myth that Nixon's 1971 decision to close the gold window turned money into "fiat" — arguing that gold never gave the dollar its value, only controlled it. What actually sustained the dollar across five centuries was something more mundane: banks, habits, laws, and the accumulated trust of people who had no other options.

The U.S. dollar's origin story begins not in Philadelphia or Washington, but in a half-frozen mining valley in 16th-century Bohemia, where Saxon miners accidentally named their town after a saint and set the world's dominant currency in motion. That currency's history stretches from a 1518 christening party all the way to the eurodollar markets of Cold War London &mdash; and the central is that money is a product, not a symbol of sovereignty. From Spanish silver hollowing out Toledo's workshops to enslaved people serving as bank collateral in antebellum New Orleans, the dollar's history is less a triumph than a series of accidents and power grabs.
Today&rsquo;s guest is Brendan Greeley, author of The Almighty Dollar: 500 Years of the World&rsquo;s Most Powerful Money, and he explains how colonial Americans invented paper money not as a revolutionary act but as a desperate workaround for chronic small-change shortages &mdash; and how that same improvised spirit resurfaced when a Maytag dealer in Iowa printed his own dollars to keep a Depression-era town alive. He also dismantles the myth that Nixon's 1971 decision to close the gold window turned money into "fiat" &mdash; arguing that gold never gave the dollar its value, only controlled it. What actually sustained the dollar across five centuries was something more mundane: banks, habits, laws, and the accumulated trust of people who had no other options.

For history lovers who listen to podcasts, History Unplugged is the most comprehensive show of its kind. It's the only show that dedicates episodes to both interviewing experts and answering questions from its audience. First, it features a call-in show where you can ask our resident historian (Scott Rank, PhD) absolutely anything (What was it like to be a Turkish sultan with four wives and twelve concubines? If you were sent back in time, how would you kill Hitler?). Second, it features long-form interviews with best-selling authors who have written about everything. Topics include gruff World War II generals who flew with airmen on bombing raids, a war horse who gained the rank of sergeant, and presidents who gave their best speeches while drunk.

A show about American history, world history, World Wars 1 & 2, the Civil War, and much more.

History Unplugged Podcast

History Unplugged is one of the longest-running history podcasts of its kind, with over 1,000 episodes covering everything from Alexander the Great's plans for European colonization to the untold story of Alabamians who fought for Sherman deep inside Confederate territory. Topics range from the Bronze Age Collapse to the naval campaigns of the Barbary Wars to Daniel Boone's forced adoption by a Shawnee chief. Guests on the show include history professors, Pulitzer Prize winners, consultants for historical films, and outsiders like Joakim Brodén from Sabaton. The show is hosted by Scott Rank, a history professor specializing in the Ottoman Empire and author of 12 books. And for those who love to spin the wheel of what-if, the show regularly ventures into alternate history, exploring questions like what the USSR's victory in the Cold War would have meant for the modern world, or how our current map might look if the Confederacy had survived the Civil War.

 

History Unplugged is one of the longest-running history podcasts of its kind, with over 1,000 episodes covering everything from Alexander the Great's plans for European colonization to the untold story of Alabamians who fought for Sherman deep inside Confederate territory. Topics range from the Bronze Age Collapse to the naval campaigns of the Barbary Wars to Daniel Boone's forced adoption by a Shawnee chief. Guests on the show include history professors, Pulitzer Prize winners, consultants for historical films, and outsiders like Joakim Brod&eacute;n from Sabaton. The show is hosted by Scott Rank, a history professor specializing in the Ottoman Empire and author of 12 books. And for those who love to spin the wheel of what-if, the show regularly ventures into alternate history, exploring questions like what the USSR's victory in the Cold War would have meant for the modern world, or how our current map might look if the Confederacy had survived the Civil War.
&nbsp;