Bank War (1833) w/ Jacob Goldstein

This Day in Esoteric Political History

Jody Avirgan & Radiotopia

History

4.6 • 982 Ratings

🗓️ 10 September 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s September 10th. On this day in 1833, President Andrew Jackson announced that the U.S. government would no longer be keeping its money with the Second Bank of the United States.

Jody and Niki are joined by Jacob Goldstein, host of the “Planet Money” podcast, to discuss Jackson’s showdown with the country’s official bank, and how it fits into the long history of distrust in banking institutions in America.

Jacob’s new book is called “Money: The True Story of a Made Up Thing.” Buy it now!

Find a transcript of this episode at: https://tinyurl.com/esoterichistory

This Day In Esoteric Political History is a proud member of Radiotopia from PRX.

Get in touch if you have any ideas for future topics, or just want to say hello. Our website is thisdaypod.com Follow us on social @thisdaypod

Transcript

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0:00.0	Hello and welcome to this day in esoteric political history from Radiotopia.
0:07.7	My name is Jody Avergan.
0:11.6	This day, September 10th, 1833, President Andrew Jackson announces that the government
0:17.7	will no longer use the Second Bank of the United States.
0:21.8	The Second Bank was a private bank but with federal
0:24.3	duty to handle all of the fiscal transactions for the United States government.
0:28.1	It was accountable and created by Congress and the US Treasury. So this was a big showdown and the latest major move
0:35.0	in what were known as the Bank Wars.
0:37.2	It is also part of a much bigger story
0:39.0	about how Americans and American politicians
0:41.2	have viewed the role of banks and financial institutions, the relationship
0:45.2	between government and banks.
0:47.5	So let's talk about it all.
0:48.7	Let's go to the early 1830s to discuss.
0:51.7	I'm joined as always by Nicole Hammer of Columbia. Hello Nicky.
0:55.2	Hey Jody. And our special guest for this episode is Jacob Goldstein, host of
1:00.0	Planet Money and author of the new book, Money the True Story of a Made Up Thing.
1:05.5	Jacob, thank you for doing this and congratulations on the book.
1:08.8	Oh, thanks.
1:10.3	So fun to be here.
1:11.3	I'm a fan of the show.
1:12.3	You had me it esoteric.
	...

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