There are more ways than ever to listen to History Daily Add Free.

Listen with Wondery Plus in the Wondery app,

or you can get all of History Daily plus other fantastic history podcasts at intohistory.com.

On another one of my podcasts, Business Movers, we're just wrapping up a series on John

Pierpont Morgan, titan of industry in the Gilded Age. He was just one man,

but he single-handedly came to the rescue of the entire American economy in the panic of 1893

and the panic of 1907. But he very nearly caused a crisis himself in the panic of 1901.

Morgan walked away from that one as he does almost all situations with some advantage,

because JP Morgan believed in three things. First and foremost, he believed in himself.

Second though, he believed that money was real. It had tangible value. He believed strongly

in the gold standard. And thirdly, perhaps most importantly, he believed investors needed to

have confidence in where they put their money. So what would JP Morgan think of a situation

where the money was not real and the confidence might have just been a con?

On today's Saturday, Matt and I, we bring you a clip of a new show from Wondery,

Spellcaster, the Fall of Sam Bankman Freed. At barely 30, SPF, as he's called, was a cryptocurrency

billionaire whose wealth and influence rivaled JP Morgan's. But in just one month, his currency

exchange would collapse. And SPF would find himself in handcuffs as tens of thousands of investors

would blame him for their lost fortunes. I hope you enjoy. And while you're listening,

search for and follow Spellcaster, the Fall of Sam Bankman Freed. We put a link in the

show notes to make it easy for you.

The Baja Mara Resort is a gargantuan hotel on a gorgeous stretch of Bahamas beachfront.

You enter by crossing a Roman-style bridge over a landscaped lake. Or every night, there's a glitzy

...