History of America’s One Percent – Episode #26

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 III, Chapter V:  The Vanderbilt Fortune Increases Manifold, continued.  The Wisdom of Grand Larceny: the Greater the Theft, the Less Likely You Are to Go to Prison.  Money As the God of Society.  Harsh Discrimination’s in American Law.  Vanderbilt’s Constant Purchase of Laws.  His Immense Stretch: 1,300 Miles of Road From Buffalo to Chicago.  His Whitewashed Legacy: Vanderbilt as the Great Improver and Renovator of Railroad Lines.  How the Public Paid for Improvements to the Railroad Lines.  A Poignant Example: The Sinking of Above-Ground Tracks on Park Avenue.  How Accidents at Railroad Crossings Can Drive Down Real-Estate Value.  The City Closes Off Large Stretch of Park Avenue for Railroad Construction.  Vanderbilt Gobbles Up Property on Park Avenue.  The Corrupt Tweed Regime and Tammany Hall Driven Out of Power.  A “Reform” Administration Elected.  The Real History of “Reform” Politics.  Vanderbilt’s Vast Gifts From the “Reform” Legislatures.  The Correlation Between Record Low Wages and Record High Wall Street Profits.  Chauncey M. Depew: Vanderbilt’s Chief of Staff.  Vanderbilt Buys Depew a Seat in the U.S. Senate.  Repression of Workers. The Liberal Bastion of Massachusetts Exposed.  American Sweatshops Circa the 1900’s.  Sermonizing the “Best Classes”:  How The Rich and Their Tools Propagandize Workers By Promising to Uplift Them Into the Middle Class.  Honesty and Industry Scrutinized: The Borden Millions.

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PART III, CHAPTER V – FOOTNOTES, Cont’d. Continue reading