A huge part of the history of the United States is the history of business. Yet this rich story is often overlooked in our traditional textbooks — until now. Today on Flipping America we are going to take a little stroll through American history, looking through the lens of business. We are going to talk about the government’s role in creating structures that allowed the enterprising capitalists in this free country to develop the most powerful national economy in the history of the world. We will see how real estate has historically been a true wealth builder, and as we go, we will note some lessons and applications for use today.
Richard Vague, is an author, who serves as Pennsylvania Banking and Securities Secretary. Prior to his 2020 appointment, he was managing partner of Gabriel Investments and chair of The Governor’s Woods Foundation, a nonprofit philanthropic organization. A few years ago he started researching the wealthiest people of each generation in American history and found very little had been written about the growth and development of American business. So he decided to write a book. The result is the Illustrated History of Business in the United States. It is a beautiful book, well-researched, well-written, and beautifully illustrated on high quality paper. And it’s available now on Amazon.
I had a most fascinating conversation with Richard that I’m going to play for you in its entirety today. I learned much and you will as well.
Topics include:
The government’s role in developing American business
Banking
Infrastructure
Interference
Real estate as a wealth builder
Trend spotting in transportation
From history to the future – what’s ahead for American business?
What’s ahead for real estate investments?
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