Part 2 of our exploration of how the U.S. dollar is older than the United States itself and has a level of power beyond the Federal Reserve and even beyond the U.S. government. We’re joined by guest Brendan Greeley, author of The Almighty Dollar: 500 Years of the World’s Most Powerful Money.

Part 2 of our exploration of how the U.S. dollar is older than the United States itself and has a level of power beyond the Federal Reserve and even beyond the U.S. government. We&rsquo;re joined by guest Brendan Greeley, author of The Almighty Dollar: 500 Years of the World&rsquo;s Most Powerful Money.

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.
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History Unplugged

How the Dollar Created America (Part 2)

On March 13, 1930, Adolf Hitler was sitting in the passenger seat of his chauffeur-driven car when a trailer truck sped through an intersection and struck the vehicle, pushing it across the road and stopping just short of crushing it. Everyone survived. Three years later, Hitler became chancellor of Germany. Would tens of millions of people still have died if the truck had killed him? To many people, the answer is obviously yes, because Hitler was uniquely evil. To many others, the answer is obviously no, because the Treaty of Versailles and hyperinflation had already created the conditions for catastrophe. Jared Diamond spent decades trying to figure out who is right, and his answer is: it depends on the circumstances, and we can actually test it.

Today's guest is Jared Diamond, author of Guns, Germs, and Steel and now Profits, Prophets, Coaches, and Kings: (When) Do Leaders Matter? We discuss how the inbreeding of European royal families created a natural experiment proving that monarchs' intelligence directly affected national outcomes, why Botswana's founding president is the clearest modern example of an irreplaceable leader because only he could have given away his own tribe's diamond rights without starting a civil war, and why Genghis Khan's conquests depended on rainfall patterns revealed by tree rings. We also see that Jeff Bezos, Bill Gates, and Steve Jobs all made a difference but none of them passes what he calls the Hamlet test. Diamond's framework applies across politics, business, sports, and religion, and his conclusion is that leaders matter most when three conditions align: high discretion, genuine choices between balanced alternatives, and no one else who could have made the same decisions.

On March 13, 1930, Adolf Hitler was sitting in the passenger seat of his chauffeur-driven car when a trailer truck sped through an intersection and struck the vehicle, pushing it across the road and stopping just short of crushing it. Everyone survived. Three years later, Hitler became chancellor of Germany. Would tens of millions of people still have died if the truck had killed him? To many people, the answer is obviously yes, because Hitler was uniquely evil. To many others, the answer is obviously no, because the Treaty of Versailles and hyperinflation had already created the conditions for catastrophe. Jared Diamond spent decades trying to figure out who is right, and his answer is: it depends on the circumstances, and we can actually test it.
Today's guest is Jared Diamond, author of Guns, Germs, and Steel and now Profits, Prophets, Coaches, and Kings: (When) Do Leaders Matter? We discuss how the inbreeding of European royal families created a natural experiment proving that monarchs' intelligence directly affected national outcomes, why Botswana's founding president is the clearest modern example of an irreplaceable leader because only he could have given away his own tribe's diamond rights without starting a civil war, and why Genghis Khan's conquests depended on rainfall patterns revealed by tree rings. We also see that Jeff Bezos, Bill Gates, and Steve Jobs all made a difference but none of them passes what he calls the Hamlet test. Diamond's framework applies across politics, business, sports, and religion, and his conclusion is that leaders matter most when three conditions align: high discretion, genuine choices between balanced alternatives, and no one else who could have made the same decisions.

Do Napoleons or Hitlers Really Matter? Whether Leaders Make History or Their Societies Make Them

Washington’s most extraordinary achievement was not winning the Revolutionary War or helping found a new nation. It was something far rarer: He gave up power, twice. First, when he resigned his command after victory. Then again, when he stepped down as president, establishing a precedent no law required and no force could compel. In an age dominated by kings and emperors, Washington chose restraint, and in doing so, he helped define the American experiment.
There’s really no comparison to what Washington did, except for Byzantine General Belisarius and Roman general Cincinnatus.  After being granted absolute dictatorial authority to rescue an encircled Roman army, Cincinnatus held it for only 15 days, and immediately resigned his office to return to his small farm across the Tiber. Belisarius was offered the Western Roman imperial crown by the Ostrogoths in 540 but claimed the city for Emperor Justinian, and surrendered command to return home. Washington’s renunciation was harder because, unlike Cincinnatus and Belisarius, he had no emperor above him or proven institutional framework to enforce his departure, instead walking away twice when his own unpaid, loyal army actively urged him to seize supreme power over a fragile, untested nation.

Today’s guest is Richard Lim, author of “Refusing a Crown: How George Washington Changed the World.” We place Washington’s decisions within the sweeping Western shift from monarchy to republic, showing why that transition was anything but inevitable.  After all, From Napoleon to Simón Bolívar, revolutionary leaders across the world found themselves compared unfavorably to the American who walked away from power. We see why Washington walking away from power was the most important moment in early American History.

Washington&rsquo;s most extraordinary achievement was not winning the Revolutionary War or helping found a new nation. It was something far rarer: He gave up power, twice. First, when he resigned his command after victory. Then again, when he stepped down as president, establishing a precedent no law required and no force could compel. In an age dominated by kings and emperors, Washington chose restraint, and in doing so, he helped define the American experiment. There&rsquo;s really no comparison to what Washington did, except for Byzantine General Belisarius and Roman general Cincinnatus. &nbsp;After being granted absolute dictatorial authority to rescue an encircled Roman army, Cincinnatus held it for only 15 days, and immediately resigned his office to return to his small farm across the Tiber. Belisarius was offered the Western Roman imperial crown by the Ostrogoths in 540 but claimed the city for Emperor Justinian, and surrendered command to return home. Washington&rsquo;s renunciation was harder because, unlike Cincinnatus and Belisarius, he had no emperor above him or proven institutional framework to enforce his departure, instead walking away twice when his own unpaid, loyal army actively urged him to seize supreme power over a fragile, untested nation.
Today&rsquo;s guest is Richard Lim, author of &ldquo;Refusing a Crown: How George Washington Changed the World.&rdquo; We place Washington&rsquo;s decisions within the sweeping Western shift from monarchy to republic, showing why that transition was anything but inevitable. &nbsp;After all, From Napoleon to Sim&oacute;n Bol&iacute;var, revolutionary leaders across the world found themselves compared unfavorably to the American who walked away from power. We see why Washington walking away from power was the most important moment in early American History.

Washington’s Most Revolutionary Moment Was Surrendering Absolute Power

At 1:15 p.m. on April 12, 1945, Franklin Roosevelt was sitting for a portrait at his cottage in Warm Springs, Georgia, when his face suddenly fell forward. He raised his left hand to his temple and whispered to his cousin Daisy: "I have a terrific pain in the back of my head." He was dead by 3:35. That evening, Harry Truman, a former farmer and failed haberdasher who had been vice president for eighty-two days and had met with Roosevelt only twice, placed his hand on a Bible and became the thirty-third president of the United States. He had never been briefed on the atomic bomb. Thirteen days later, War Secretary Henry Stimson handed him a three-page memo that began: "Within four months we shall in all probability have completed the most terrible weapon ever known in human history, one bomb of which could destroy a whole city."

Today's guest is James M. Scott, author of Empire of Ashes: Truman, Hirohito, and the Descent into Total War. We discuss how a Hungarian physicist who did his thinking in the bathtub tracked down Einstein by asking a boy on a Long Island street corner to launch the Manhattan Project, why Oak Ridge, Tennessee, became a secret city of 75,000 people who had no idea what they were building, and how the firebombing of Tokyo killed 105,000 people in a single night months before the atomic bombs fell. We look at why Groves wanted to destroy Kyoto for its two thousand temples and Stimson stopped him because he had honeymooned there, how Japan's military leaders refused to surrender even after two atomic bombs and forced an unprecedented intervention by an emperor who had spent the war collecting marine specimens in a palace while his cities burned, and why a group of young officers assassinated the commander of the Imperial Guards and seized the palace on the eve of surrender in a coup that came within hours of succeeding. Scott argues that the historical record supports Truman's decision but lets the last word belong to the survivors, and to a war minister who committed seppuku wearing the white shirt the emperor had personally given him, with a photograph of his dead son folded on top of his dress uniform.

At 1:15 p.m. on April 12, 1945, Franklin Roosevelt was sitting for a portrait at his cottage in Warm Springs, Georgia, when his face suddenly fell forward. He raised his left hand to his temple and whispered to his cousin Daisy: "I have a terrific pain in the back of my head." He was dead by 3:35. That evening, Harry Truman, a former farmer and failed haberdasher who had been vice president for eighty-two days and had met with Roosevelt only twice, placed his hand on a Bible and became the thirty-third president of the United States. He had never been briefed on the atomic bomb. Thirteen days later, War Secretary Henry Stimson handed him a three-page memo that began: "Within four months we shall in all probability have completed the most terrible weapon ever known in human history, one bomb of which could destroy a whole city."
Today's guest is James M. Scott, author of Empire of Ashes: Truman, Hirohito, and the Descent into Total War. We discuss how a Hungarian physicist who did his thinking in the bathtub tracked down Einstein by asking a boy on a Long Island street corner to launch the Manhattan Project, why Oak Ridge, Tennessee, became a secret city of 75,000 people who had no idea what they were building, and how the firebombing of Tokyo killed 105,000 people in a single night months before the atomic bombs fell. We look at why Groves wanted to destroy Kyoto for its two thousand temples and Stimson stopped him because he had honeymooned there, how Japan's military leaders refused to surrender even after two atomic bombs and forced an unprecedented intervention by an emperor who had spent the war collecting marine specimens in a palace while his cities burned, and why a group of young officers assassinated the commander of the Imperial Guards and seized the palace on the eve of surrender in a coup that came within hours of succeeding. Scott argues that the historical record supports Truman's decision but lets the last word belong to the survivors, and to a war minister who committed seppuku wearing the white shirt the emperor had personally given him, with a photograph of his dead son folded on top of his dress uniform.

How the Dollar Created America (Part 2)

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