About this episode

Demetri Kofinas interviews historian Mary Bridges about the rise of the dollar and its implications for America's financial empire.

In Episode 489 of Hidden Forces, Demetri Kofinas speaks with historian Mary Bridges, a senior fellow at the Vanderbilt Policy Accelerator and author of Dollars and Dominion, about the origins of America's financial empire, the rise of the dollar from a second-rate currency to the most decentralized form of international money in world history, and what could accelerate or inhibit its continued domination. The first hour traces the origins of America's financial empire following the end of the Spanish-American War, when the dollar wasn't in the same league as the British pound and any American trader moving goods abroad had to go directly through London. Bridges walks us through the messy, often improvised story of how that transformation happened—beginning with the multinational expansion of the International Banking Corporation and its eventual absorption into National City Bank, the entanglement of profit-seeking enterprise with the pursuit of empire, and the central role that information, its creation, organization, and dissemination, played in laying the infrastructure for American financial hegemony. The second hour traces the dollar's evolution into the most decentralized…

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