• How The Panic Of 1893 Built Modern Corporate America
    2026/09/10
    In this episode of The Economic History Podcast, Lucas and Luna explore the Panic of 1893, a severe depression triggered by the collapse of Philadelphia and Reading Railroad financing that reshaped American banking and corporate governance. We examine how J.P. Morgan stepped in to stabilize the nation's credit, leading to the creation of the Federal Reserve system decades later, and how the crisis forced businesses to adopt transparent accounting practices. Discover why this specific financial shock, often overshadowed by 1929 or 2008, established the modern framework for investor confidence and federal intervention. #PanicOf1893 #EconomicHistory #JPMorganChase #PhiladelphiaAndReadingRailroad #FinancialCrisis #CorporateGovernance #BankingRegulation #USHistory #InvestorConfidence #AccountingStandards #FederalReserve #MonetaryPolicy #BusinessStrategy #FinancePodcast #EconomicsEducation #FexingoBusiness #BusinessPodcast #HistoricalAnalysis Keep every episode free: buymeacoffee.com/fexingo
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    13 分
  • The Panic That Built the Federal Reserve
    2026/09/09
    On September ninth, twenty twenty-six, we look back at the Panic of nineteen zero seven. This episode examines how J.P. Morgan’s personal intervention in New York exposed the fragility of America’s decentralized banking system. We trace the chain reaction from cotton exports to stock speculation, and how that crisis directly forced Congress to create the Federal Reserve. It is a story about liquidity, trust, and why no single banker should be the lender of last resort. #PanicOf1907 #JP Morgan #FederalReserve #BankingHistory #EconomicCrises #LenderOfLastResort #USFinance #MonetaryPolicy #FinancialStability #CentralBanking #NewYorkStockExchange #CottonTrade #HarrimanPact #LucasAndLuna #FexingoBusiness #BusinessPodcast #EconomicsExplained #MarketHistory Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How the 1907 Panic Built Modern Central Banking
    2026/09/08
    The 1907 financial crisis was a terrifying three-month ordeal that nearly collapsed the U.S. economy, yet it lacked any central bank to act as lender of last resort. This episode examines how J.P. Morgan personally negotiated bailouts from his sickbed, how the Knickerbocker Trust failure triggered a chain reaction of runs, and how this specific panic directly led to the creation of the Federal Reserve in 1913. We explore the mechanics of trust companies versus national banks, the role of gold reserves, and why private charity became public policy. #EconomicHistory #FederalReserve #JP摩根 #FinancialCrises #BankingRegulation #MonetaryPolicy #TrustCompanies #LenderOfLastResort #USHistory #FinancePodcast #BusinessPodcast #FexingoBusiness #LucasAndLuna #EconomicsEducation #MarketStability #CentralBanks #1907Panic #JPMorganChase Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How the 1982 Volcker Shock Saved the Economy
    2026/09/07
    In 1982, interest rates hit twenty percent and unemployment soared past ten percent. Most economists thought it was a policy failure. It was actually the necessary painkillers for two decades of inflation. Lucas and Luna explore how Paul Volcker and Alan Greenspan navigated the deepest recession since the Great Depression, the political pressure they faced, and why that specific moment of economic contraction became the foundation for thirty years of growth. We look at the concrete mechanics of the disinflation process, the role of the federal funds rate, and the human cost of stabilizing prices. #PaulVolcker #AlanGreenspan #FederalReserve #InterestRates #Disinflation #1982Recession #MonetaryPolicy #EconomicHistory #Inflation #Unemployment #FOMC #Macroeconomics #US_Economy #CentralBanks #FinancialHistory #BusinessPodcast #FexingoBusiness #EconomicsExplained Keep every episode free: buymeacoffee.com/fexingo
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    11 分
  • How the Great Depression Fueled the Modern Data Economy
    2026/09/06
    We explore how the collapse of the gold standard and the ensuing banking panic forced governments to collect data at a scale never seen before. Lucas and Luna trace the shift from anecdotal economic reporting to the rigorous, standardized metrics we rely on today, including the origin of unemployment tracking and national income accounting. This episode reveals why the Great Depression wasn't just a financial crisis but a statistical revolution that created the modern state's ability to measure its own health. #GreatDepression #EconomicHistory #DataAnalytics #FederalReserve #UnemploymentRate #NationalIncome #SimonKuznets #GDPOrigins #FexingoBusiness #BusinessPodcast #Macroeconomics #FinancialCrises #StatisticalMethods #BankingPanic #GoldStandard #EconomicPolicy #HistoricalAnalysis #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo
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    7 分
  • How the Tulip Mania Myth Misled Modern Markets
    2026/09/05
    We debunk the popular myth that Dutch tulip bulbs once sold for more than a craftsman’s annual wage in 1637. By examining primary auction records and contemporary correspondence, we reveal that while speculative fever was real, the financial devastation was exaggerated by later historians. This episode explores how narrative distortion shaped our understanding of early market bubbles and why the 'tulip mania' story persists despite lacking economic substance. #TulipMania #EconomicHistory #MarketBubbles #DutchGoldenAge #Speculation #FinancialMyths #17thCenturyEconomics #AssetPricing #HerdBehavior #FexingoBusiness #BusinessPodcast #EconomicsEducation #InvestmentPsychology #HistoricalAnalysis #MarketCrashes #LucasAndLuna #FinanceStories #BehavioralEconomics Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • The Great Inflation of the 1970s and Modern Policy
    2026/09/04
    We revisit the 1970s not through wages or commodities, but through the lens of the Phillips Curve. Lucas and Luna dissect how economists mistook a correlation for causation, leading to two decades of policy errors. We explore Milton Friedman’s correction, the Volcker Shock, and what this historical misstep teaches us about today's inflation dynamics in September 2026. #PhillipsCurve #MiltonFriedman #PaulVolcker #GreatInflation #EconomicHistory #MonetaryPolicy #FederalReserve #InflationExpectations #Macroeconomics #FinancePodcast #BusinessPodcast #FexingoBusiness #LucasAndLuna #EconomicPolicy #InterestRates #CentralBanking #EconomicTheory #RecessionHistory Keep every episode free: buymeacoffee.com/fexingo
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    12 分
  • The Great Inflation of the 1970s and Modern Policy
    2026/09/03
    We examine the specific policy errors that allowed the 1970s inflation to become entrenched, focusing on the Federal Reserve's initial hesitation under Arthur Burns. By contrasting the wage-price controls of the Nixon era with the eventual Volcker shock, we extract a precise lesson for today’s economic landscape. Lucas and Luna dissect how credibility is built and lost, offering a clear framework for understanding why central banks now prioritize price stability above all else. #InflationHistory #FederalReserve #ArthurBurns #PaulVolcker #NixonShock #WagePriceControls #EconomicPolicy #MonetaryPolicy #Stagflation #CentralBanking #USHistory #FinancialLiteracy #MarketCycles #InterestRates #FexingoBusiness #BusinessPodcast #EconomicsExplained #InvestmentStrategy Keep every episode free: buymeacoffee.com/fexingo
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    9 分