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87 episodes

The Story of Money

by Financial Times · English

FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped the history of finance. Hosted on Acast. See acast.com/privacy for more information.

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A forgotten wallet and the surprising origin story of the credit card

How the credit card emerged from post–World War II consumer culture, starting with a “forgotten wallet” legend and culminating in Bank of America’s 1958 “Fresno drop,” a massive, fraud-prone rollout…

11 Nov 2026 · 45m · 22 chapters

France’s colonial battle to control African money

The episode explains how France used the CFA franc to maintain control over African money after colonial rule, focusing on its creation in 1945, the “France-Afrique” system, and the 1994 devaluation…

4 Nov 2026 · 42m · 35 chapters

Can economics help explain Europe’s deadly witch trials?

Whether economic hardship and shrinking food supplies helped drive Europe’s 16th–17th century witch trials, alongside religious competition and scapegoating.

28 Oct 2026 · 38m · 13 chapters

The French Revolution's disastrous money experiment - Part 2

Part 2 of “The French Revolution’s disastrous money experiment” explains how the Revolution’s paper money experiment (assignats) interacted with political breakdown, the Reign of Terror, and the rise…

21 Oct 2026 · 46m · 20 chapters

The French Revolution's disastrous money experiment - Part 1

Part 1 of “Why the French Revolution was a financial revolution” explains how France’s monetary and credit crisis—tied to political conflict—helped drive the Revolution.

14 Oct 2026 · 49m · 22 chapters

How the US financed World War I using Charlie Chaplin and Girl Scouts

How the US financed World War I through the Liberty Loan Program, turning bond sales into a mass patriotic propaganda campaign that helped build the modern Treasury bond market.

7 Oct 2026 · 40m · 12 chapters

The bloody birth of the bond market

The origin of the bond market, arguing bonds began in medieval Venice as a wartime, tradeable loan instrument (prestiti) that later improved transparency and accountability.

30 Sep 2026 · 43m · 17 chapters

Does history show that fraud is the sign of a healthy economy?

Argues fraud is a “contrarian” sign of high-trust, complex economies, because trust enables efficiency and also creates opportunities for deception.

23 Sep 2026 · 46m · 19 chapters

Meet the Fuggers: Europe’s richest family ever

The episode traces how the 1500s Fugger family—especially Jakob Fugger “the Rich”—became Europe’s dominant financier by combining textile and mining wealth, meticulous bookkeeping, and political…

16 Sep 2026 · 44m · 20 chapters

Why Dante put bankers in hell and James Joyce didn't

A live bonus episode of The Story of Money arguing that money is a “social technology” that shapes human civilization—either corrupting society (Dante) or liberating it (Joyce).

12 Sep 2026 · 41m · 13 chapters

He expelled the money changers. So was Jesus anti-capitalist?

Whether Jesus was “anti-capitalist,” using the historical context of first-century Jerusalem’s temple economy, Roman rule, and Jesus’s teachings about money.

9 Sep 2026 · 52m · 18 chapters

1873: The year America ditched silver as money and all hell broke loose

The “Crime of 1873” and how the US Coinage Act (Feb 1873) quietly removed the silver dollar from US coinage, effectively locking the country into a gold standard.

2 Sep 2026 · 41m · 13 chapters

The ‘Sheriff of Wall Street’ who exposed bankers’ lies

The rise and fall of Eliot Spitzer, New York’s “Sheriff of Wall Street,” who used the Martin Act and email evidence to expose conflicts of interest in dot-com-era underwriting, then was brought down…

26 Aug 2026 · 46m · 16 chapters

Mohammed: prophet, trader . . . and capitalist?

The episode argues that Prophet Muhammad’s early life as a merchant and his later leadership in Medina created “Hayekian” market conditions—risk-sharing finance, fair trading rules, and market…

19 Aug 2026 · 48m · 16 chapters

How a stock market crash gave birth to modern antisemitism

How Germany and Austria’s 1871–1873 stock-market boom (the Grunderzeit) and the 1873 crash (Grunderkrack) helped generate modern antisemitism—shifting blame from religious prejudice to conspiracy…

12 Aug 2026 · 50m · 22 chapters

The hidden financial world of ancient Rome

Ancient Rome’s “hidden” financial system—how ordinary people in Roman Egypt used markets, credit, ledgers, and complex family labor to survive precarity, high rents, taxes, and debt.

5 Aug 2026 · 54m · 19 chapters

The canal that shaped American finance

How the 1817–1825 Erie Canal (363 miles) reshaped U.S. trade costs and helped create the modern U.S. municipal bond market.

29 Jul 2026 · 41m · 18 chapters

The trader who made $100mn from the 1929 crash — only to lose it all

The life and trading philosophy of Jesse Livermore, from a Massachusetts farm boy to a legendary speculator who made about $100 million shorting the 1929 crash, then lost everything and died by…

22 Jul 2026 · 55m · 24 chapters

The financial crash that created Britain’s first prime minister

The aftermath of the South Sea Bubble (1720–1721) and how Robert Walpole helped Britain stabilize its economy, reshape public finance, and become the effective first de facto prime minister.

15 Jul 2026 · 39m · 14 chapters

South Sea Bubble: the shoemaker’s son who sparked Britain’s first financial crisis

Britain’s South Sea Bubble (1720) and the first major international stock-market crash, reframed as a crisis of British government debt and a debt-for-equity swap that turned into stock “pumping.”

8 Jul 2026 · 52m · 16 chapters

The 1980s Garfield buyout that changed corporate finance

How the 1980s leveraged buyout (LBO) wave—linked to “Gordon Gekko” ideology and even Garfield’s IP—created modern private equity, and why its value-creation story later drew backlash.

1 Jul 2026 · 55m · 25 chapters

The US dollar’s ‘immigrant’ origins

The origins of the word “dollar” and the first “taler” coin, arguing the dollar’s dominance came from high-quality silver coins that spread through trade and copying rather than from U.S. sovereignty.

24 Jun 2026 · 48m · 22 chapters

The financial scams that brought Albania to the brink of war

Albania’s post-communist financial collapse in the 1990s, when state banks were nonfunctional and unregulated deposit-taking “shadow” firms evolved into pyramid/Ponzi schemes, culminating in the 1996…

17 Jun 2026 · 50m · 23 chapters

When Nixon put America first and took the dollar off gold

The August 1971 “Nixon shock” that ended the US dollar’s gold convertibility, pressured allies to revalue currencies, and temporarily stabilized the Bretton Woods system—before it ultimately…

10 Jun 2026 · 41m · 16 chapters