How the Dollar Created America (Part 2)
History Unplugged Podcast
History Unplugged
4.2 • 4K Ratings
🗓️ 26 May 2026
⏱️ 57 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:00.0 | Hey, everyone. This is part two of our two-part discussion with Brendan Greeley about his book, The Almighty Dollar, 500 years of the world's most powerful money, and how the dollar created the United States and not vice versa. |
| 0:15.6 | We looked at its origin and got up to its arrival in colonial America, and we'll take it from here. |
| 0:20.4 | Hope we enjoy this discussion with Brendan Greeley. |
| 0:25.0 | And one more thing before we get started with this episode, a quick break for word from our sponsors. |
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| 1:08.7 | This brings us to colonial America, where there are all sorts of different currency in issue. |
| 1:10.5 | Some people are using English shillings. |
| 1:15.1 | Other people are printing off promissory notes as if they were currency, as we saw in the examples earlier in the discussion. It's all pegged to the Spanish piece of eight, though. |
| 1:20.4 | So broadly speaking in colonial America, what did the currency market look like? It sounds like a |
| 1:26.2 | Dubai airport with a bunch of money traders all around. |
| 1:29.9 | Yeah. You know, it's actually, we say it must have been chaotic because it feels chaotic to us, but it made sense to them. |
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