The Gilded Age: Wealth, Corruption, and the New America — Fexingo History

The Gilded Age's 1893 Panic and the Collapse of the House of Morgan

4 min · 12. juli 2026
episode The Gilded Age's 1893 Panic and the Collapse of the House of Morgan cover

Beskrivelse

Lucas and Luna explore the financial contagion of the Panic of 1893, focusing on how the failure of Philadelphia & Reading Railroad and the National Cordage Company triggered a four-year depression. They trace the role of President Grover Cleveland's repeal of the Sherman Silver Purchase Act, the bond sale engineered by J.P. Morgan that bailed out the U.S. Treasury, and the human cost as unemployment hit 18% and Coxey's Army marched on Washington. Along the way, they discuss the debate over gold versus silver, the formation of the Federal Reserve's predecessor, and how the panic reshaped American attitudes toward banking and federal intervention. #Panic1893 #GildedAge #JPMorgan #GroverCleveland #ShermanSilverPurchaseAct #GoldStandard #FreeSilver #CoxeysArmy #PhiladelphiaReadingRailroad #NationalCordageCompany #TreasuryBond #FederalReserve #Depression #Banking #AmericanHistory #EconomicHistory #FexingoHistory #History Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

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151 Episoder

episode The Gilded Age's 1893 Panic and the Collapse of the House of Morgan cover

The Gilded Age's 1893 Panic and the Collapse of the House of Morgan

Lucas and Luna explore the financial contagion of the Panic of 1893, focusing on how the failure of Philadelphia & Reading Railroad and the National Cordage Company triggered a four-year depression. They trace the role of President Grover Cleveland's repeal of the Sherman Silver Purchase Act, the bond sale engineered by J.P. Morgan that bailed out the U.S. Treasury, and the human cost as unemployment hit 18% and Coxey's Army marched on Washington. Along the way, they discuss the debate over gold versus silver, the formation of the Federal Reserve's predecessor, and how the panic reshaped American attitudes toward banking and federal intervention. #Panic1893 #GildedAge #JPMorgan #GroverCleveland #ShermanSilverPurchaseAct #GoldStandard #FreeSilver #CoxeysArmy #PhiladelphiaReadingRailroad #NationalCordageCompany #TreasuryBond #FederalReserve #Depression #Banking #AmericanHistory #EconomicHistory #FexingoHistory #History Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

12. juli 20264 min
episode The 1889 Johnstown Flood and America's Disaster Response cover

The 1889 Johnstown Flood and America's Disaster Response

On May 31, 1889, the South Fork Dam collapsed upstream from Johnstown, Pennsylvania, unleashing a wall of water that killed over 2,200 people in minutes. This episode explores the Johnstown Flood through the lens of Gilded Age inequality: the wealthy Pittsburgh industrialists who owned the Lake Conemaugh resort, the neglected dam's warning signs ignored, and the desperate rescue efforts that exposed the era's lack of disaster preparedness. We discuss the American Red Cross's first major relief operation under Clara Barton, the public outcry against the South Fork Fishing and Hunting Club, and how the tragedy reshaped ideas about corporate liability and emergency response. Lucas and Luna also touch on the flood's cultural legacy, from the sensational journalism of the day to the haunting photographs that brought the horror home to a nation increasingly aware of the gap between rich and poor. #JohnstownFlood #GildedAge #DisasterHistory #SouthForkDam #ClaraBarton #AmericanRedCross #Pittsburgh #Industrialists #CorporateLiability #1889 #LakeConemaugh #Flood #Pennsylvania #Inequality #EmergencyResponse #NPR #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går4 min
episode The Gilded Age's 1886 Statue of Liberty: A Beacon Redefined cover

The Gilded Age's 1886 Statue of Liberty: A Beacon Redefined

When the Statue of Liberty arrived in New York Harbor in 1886, it wasn't the universal symbol of immigration we know today. This episode unpacks the statue's fraught journey from a French gift celebrating abolition to a monument co-opted by nativists and corporate interests. We explore the role of Édouard de Laboulaye, the fundraising struggles on both sides of the Atlantic, the exclusion of Chinese laborers during construction, and how Emma Lazarus's poem 'The New Colossus' — added years later — transformed its meaning. Along the way, we touch on the statue's engineering marvel by Gustave Eiffel, its connection to the 1876 Centennial, and its dedication by President Grover Cleveland amid a nation roiled by labor unrest and inequality. A story of how a symbol can be remade by the people who behold it. #StatueOfLiberty #ÉdouardDeLaboulaye #EmmaLazarus #GustaveEiffel #LadyLiberty #BedloesIsland #GroverCleveland #FredericAugusteBartholdi #LibertyEnlighteningTheWorld #TheNewColossus #GildedAge #Immigration #Nativism #ChineseExclusionAct #FrenchGift #AmericanHistory #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

I går8 min
episode The Gilded Age's 1898 Cuban Solidarity: The Birth of American Empire cover

The Gilded Age's 1898 Cuban Solidarity: The Birth of American Empire

In 1898, the United States went to war with Spain over Cuba, but the roots of that conflict lay in decades of Cuban struggle for independence—and a Gilded Age America hungry for empire. This episode follows the unlikely alliance between Cuban revolutionaries like José Martí and the American press barons William Randolph Hearst and Joseph Pulitzer, whose yellow journalism whipped up public outrage over Spanish atrocities. We explore the mysterious explosion of the USS Maine in Havana harbor, the Teller Amendment's promise not to annex Cuba, and the subsequent Treaty of Paris that gave the U.S. Puerto Rico, Guam, and the Philippines—sparking a fierce anti-imperialist debate involving Mark Twain, Andrew Carnegie, and Booker T. Washington. We also delve into the Platt Amendment, which effectively made Cuba a U.S. protectorate, and the legacy of that intervention for American foreign policy. It's a story of noble ideals, cynical power grabs, and the birth of an overseas empire that still shapes the world today. #SpanishAmericanWar #CubanIndependence #JoseMarti #YellowJournalism #WilliamRandolphHearst #JosephPulitzer #USSMaine #TreatyOfParis1898 #PlattAmendment #TellerAmendment #MarkTwain #AndrewCarnegie #AntiImperialism #GildedAge #AmericanEmpire #History #FexingoHistory #NorthAmerica Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

10. juli 20265 min
episode The Gilded Age's 1898 New Orleans Lynchings and the Rise of Jim Crow cover

The Gilded Age's 1898 New Orleans Lynchings and the Rise of Jim Crow

In 1898, a year after Homer Plessy's challenge to Louisiana's Separate Car Act reached the Supreme Court, a series of lynchings in New Orleans and nearby parishes crystallized the violent enforcement of white supremacy in the Gilded Age South. This episode follows the story of Robert Charles, a Black laborer who in 1900 shot multiple police officers during a two-day manhunt, igniting a white mob that murdered dozens of Black residents. We also look at the 1898 Wilmington insurrection—the only coup d'état in American history—and the 1896 Plessy v. Ferguson decision that legalized 'separate but equal.' Lucas and Luna explore how the Gilded Age's industrial expansion and consolidation of wealth were built on a foundation of disenfranchisement, convict leasing, and racial terror. They touch on figures like Ida B. Wells, whose anti-lynching crusade exposed the economic motives behind mob violence, and the 1890 Mississippi Constitution that stripped Black voters of rights. This episode connects the dots between the collapse of Reconstruction, the rise of Jim Crow, and the brutal paradox of the era's gleaming cities and steel bridges. #GildedAge #JimCrow #RobertCharles #PlessyVFerguson #IdaBWells #WilmingtonInsurrection #Lynching #NewOrleans #ConvictLeasing #SeparateButEqual #WhiteSupremacy #Reconstruction #Louisiana #1898 #1900 #History #FexingoHistory #RaceTerror Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]

10. juli 20267 min