History of America’s One Percent – Episode #3

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted.

Each recording will be approx. 1 hour in length to allow for easy consumption of the material. The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes or provide definitions for archaic words.

In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers. Includes Part I, Chapter III: The Rise of the Trading Class & Part I, Chapter IV: The Shipping Fortunes.  Traders and Shippers Rise To Power.  Conditions of Tenants on Feudal Estates.  Usury Becomes Rampant.  Bonded Servitude.  Colonial Manufacturing Interferes With British Monopolies.  Smuggling, A Common Practice.  Pirates and Privateers.  Wealth From Fisheries, Whaling, Shipbuilding, and War.  Free Trade and the American Revolution.

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Click Here for a complete list of episodes in this podcast.
You can also stream the episodes from Archive.org
For more information on the author of this book Click Here.


[1] “Lives of the Loyalists,” : 18

[2] “Abstracts of Wills,” ii : 444-445

[3] Ibid., i : 323-324

[4] “Abstracts of Wills,” i : 108

[5] “An Historical Account of Massachusetts Currency.” See also Colonial Documents, iii : 242, and the Records of New Amsterdam. See the chapters on the Astor fortune in Part II for full details of the methods in debauching and swindling the Indians in trading operations.

[6] Thus Captain Bellamy’s speech in 1717 to Captain Baer of Boston, whose sloop he had just sunk and rifled: “I am sorry that they [his crew] won’t let you have your sloop again, for I scorn to do any one a mischief when it is not for my advantage; damn the sloop, we must sink her, and she might be of use to you.  Though you are a sneaking puppy, and so are all those who will submit to be governed by laws which rich men have made for their own security — for the cowardly whelps have not the courage otherwise to defend what they get by their knavery. But damn ye altogether; damn them for a pack of crafty rascals, and ye who serve them, for a parcel of hen-hearted numbskulls. They villify us, the scoundrels do, when there is only this difference: they rob the poor under cover of law, forsooth, and we plunder the rich under protection of our own courage. Had you better not make one of us than sneak after these villains for employment.” Baer refused and was put ashore. — “The Lives and Bloody Exploits of the Most noted Pirates” : 129-130.

[7] “A Commercial Sketch of Boston,” Hunt’s Merchant Magazine, 1839, i : 125.

[8] Colonial Documents, iv : 790

[9] Ibid., 678


[1] “Hunt’s Merchant’s Magazine,” ii : 516-517.

[2] Allen’s “Biographical Dictionary,” Edition of 1857 : 791.

[3] Hunt’s “Lives of American Merchants” : 382

[4] Allen’s “Biographical Dictionary,” Edit. of 1857 : 227.

[5] Stryker’s “American Register” for 1849 : 241

[6] “The American Almanac” for 1850 : 324

[7] “An Economic and Social History of New England,” ii : 825

[8] Hunt’s “Lives of American Merchants” : 139.

[9] Life of Eli Whitney, “Our Great Benefactors” : 567.


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