Streams

New York as the City of Money

Thursday, May 29, 2014

Wall Street Bull (Marcio Jose Bastos Silva/Shutterstock)

Jessica Lautin, assistant curator at the Museum of the City of New York, and writer and historian Steven Jaffe talk about New York's history as the nation's financial center and their book, Capital of Capital: Money, Banking, and Power in New York City, 1784-2012.

Guests:

Steven Jaffe and Jessica Lautin

Comments [7]

SF

Recommended reading related to this topic:

The Island at the Center of the World by Russell Shorto

May. 29 2014 01:26 PM
My Op from NYC

Great show today! All very interesting segments. Much more compelling than all those local NY politics things.

May. 29 2014 12:22 PM

Ai-yi-yi....The sub-prime lending meltdown - which was largely qualified homeowners drawing equity out of their homes when neither their savings or incomes could provide additional purchasing power and 'flippers', *NOT* unqualified buyers being 'given' homes - was turned from a manageable problem into a near disaster by Dubya's non-action when gas hit $4/g. The 'file the tank' or 'pay the mortgage' dilemma that his inept governance put the country in created the crash that nearly killed us. The recovery - such that it is - has extracted NO PENALTY from the Wall Street geniuses that got us there, and thus it is likely to occur again. Our response to 'Too big to fail' was to make them even bigger. Brainless.

May. 29 2014 12:05 PM
jf from A society corrupt to the core by mass suicidal corporations

They are doing crimes using computers doing millions of trades a second. If the general public could also do this with their computers at home this would be made illegal. They make nothing. they do nothing but spend their riches poor people could do to if they could have computers to counterfeit money too!

May. 29 2014 11:59 AM
Amy from Manhattan

1. It's only the *timing* of downturns that's unpredictable.

2. 3 kinds of banks originated in NYC? I'm curious: Where did credit unions originate?

May. 29 2014 11:52 AM
jgarbuz from Queens

I'd like to answer Brian's question as to how a city of moneylenders becomes a hotbed of socialists and liberals. The answer is fairly obvious. The merchants make their profits form trade and then lend those monies to become moneylenders and bankers. The children of the merchants go to college and get a liberal education and rebel against their parents. Their grandchildren are sometimes poorer than their grandparents, not having engaged in business, often becoming poor academics and social workers, or thrown into the working class themselves.

May. 29 2014 11:49 AM
Museum-Goer from NYC

I went to the Seaport Museum once, and they spoke about the NYC's diversity steaming from it being a major harbor/port/seaport. The social openness, cultural diversity and commerce all steam from the trade and travel that took place centuries ago.

May. 29 2014 10:14 AM

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