The bank war (Classic)

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 1 June 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the 1800s, populist president Andrew Jackson went head-to-head with the most powerful banker in America over who should control the country's money. This clash ended in disastrous results.

Transcript

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0:00.0	This is Planet Money from NPR.
0:03.5	Hello, everyone.
0:07.5	Amanda Orancha-Kir.
0:08.8	Today, we have a Planet Money Classic for you.
0:12.6	This episode first ran in 2017 and it has got everything.
0:17.0	Tools, poetry, an eternal battle in economics.
0:21.0	What more could you want?
0:22.8	Robert Smith and Digg of Goldstein have the story.
0:26.2	Robert Smith, there are two sides to this war.
0:28.5	Which side do you want to be?
0:29.5	You want to be Andrew Jackson or Nicholas Biddle?
0:31.3	Biddle, of course.
0:32.3	He's way better.
0:33.3	Okay.
0:34.3	I'll do Andrew Jackson.
0:36.3	When Andrew Jackson was 13 years old, he went off to fight the British in the Revolutionary
0:40.6	War.
0:41.6	When Nicholas Biddle was 13 years old, he transferred from the University of Pennsylvania
0:46.0	to Princeton.
0:47.0	Jackson was a poor kid.
0:48.5	His father was an Irish immigrant who died before Jackson was born.
0:51.5	Biddle was a rich kid, part of Philadelphia society.
	...

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