| 00:00:03 |
Unidentified Speaker
GREAT PLEASURE TO KICK OFF THE SERIES WITH TWO FANTASTIC SPEAKERS WHO WILL BE EXPLORING THE VARYING RESPONSES TO WEALTH IN THE GUILDED AGE. RICHARD...
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| 00:03:32 |
Unidentified Speaker
BACK HERE. I'M MICCED UP ALREADY. FIRST, UNDER CIRCUMSTANCES WHICH I WOULD HOPEFULLY NEVER IMITATE. I DON'T TAKE COMPARISONS ALL THAT SERIOUSLY....
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| 00:23:07 |
Unidentified Speaker
HAVE GREAT WEALTH AND POVERTY IN THE FORM OF CONTRACT LABOR WHICH THEY RACIALIZED IS DANGEROUS AND LINKED. THEY WERE THE OPPONENTS OF GRAET WEALTH...
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| 00:25:12 |
Unidentified Speaker
THE BELIEF THAT CONDITIONS THAT CREATED GREAT WEALTH WERE THE SAME AS THOSE THAT YIELDED MASS POVERTY. THE WEALTHY WERE NOT JUST BORING BUT DANGEROUS...
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| 00:25:54 |
Unidentified Speaker
VERY NERVE RACKING MOMENT FOR ME. I'M THE LAST PC USER AT STANFORD. SO I'M CONFRONTED WITH A THING THAT LOOKS LIKE IT SHOULD BE IN AN IKEA SHOWROOM BUT...
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| 00:52:40 |
Unidentified Speaker
WILL TAKE QUESTIONS. A MICROPHONE SO THEY CAN BE HEARD. YOU CAN ADDRESS YOUR QUESTION TO ONE OR BOTH OF THE SPEAKERS. AND I'M AFRAID OF YOU HAVE TO...
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| 00:53:13 |
Unidentified Speaker
FOR THOSE WOULD VERY INTERESTING LECTURES. I JUST HAVE A VERY STRAIGHTFORWARD QUESTION. WHEN YOU LOOK AT THE GILDED AGE, DO YOU HAVE A SENSE OF HOW...
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| 00:54:26 |
Unidentified Speaker
YOUR QUESTIONS. IN TERMS OF LITERACY, I CAN'T REMEMBER THE EXACT PERCENTAGE THAT -- THE UNITED STATES IS THE MOST LITERAL COUNTRY IN THE WORLD. SO WE...
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| 00:56:24 |
Unidentified Speaker
LITERACY RATES WERE VERY HIGH. NOT JUST IN ENGLISH. HAD YOU IN AT THE END OF THE 19th CENTURY. BIRTH OF REALLY THE ETHNIC NOVEL AND ABRAHAM CAHAN,...
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| 00:57:38 |
Unidentified Speaker
TO ROTATE QUESTIONS. I JUST HAVE TO COMMENT THAT I SEE NO WOMEN LINED UP. GIVEN GAVIN'S REMARKS ABOUT THE IMPORTANCE OF INCLUDING DIFFERENT VOICES,...
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| 00:58:00 |
Unidentified Speaker
MY BEST BEST. I HOPE ONE OF THE THEMES THAT'S IS EVER EXPLORED THE ECONOMIC GROWTH, PROSPERITY, FOR SATISFACTION. I THINK IN OUR CURRENT AGE THE CONVENTIONAL...
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| 00:58:56 |
Unidentified Speaker
TWO THINGS THAT YOU HAVE TO KEEP IN MIND. ECONOMIC STATISTICS IN THE 19th CENTURY -- GIVEN THAT IT IS NOT THAT WE DON'T HAVE -- COMPARE TO NOW. THESE...
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| 01:01:25 |
Unidentified Speaker
INTERESTING THINGS ABOUT IT. >>
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| 01:01:39 |
Unidentified Speaker
INVISIBLE FROM MY PERSPECTIVE. I MEAN, YOU -- YOU -- YOU ARE NOT GOING TO GET A NOVEL THAT SOMEHOW IS ABOUT THE -- SATISFACTION WITH ECONOMIC MACRO ECONOMIC...
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| 01:02:33 |
Unidentified Speaker
YOU ARE STANDING BUT YOU ARE NOT GOING TO THE MICROPHONE. SO YOU ARE NEXT. >> I THINK YOU WERE
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| 01:02:46 |
Unidentified Speaker
SAYING GILDED AGE WEALTH WAS ALMOST AN EMBARRASSMENT. IT WAS NOT -- IT WAS -- NOT SEEN AS-AS IT IS TODAY AS IT IS ALMOST REVERED TO BE WEALTHY. EVERYONE...
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| 01:03:38 |
Unidentified Speaker
THINGS IS WHEN SOMETHING LIKE THE AMERICAN DREAM TAKES ON MODERN CONNOTATION WITH THE AMERICAN DREAM IS TO GET FABULOUSLY WEALTHY, WHICH IS NOT A CONNOTATION...
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| 01:05:15 |
Unidentified Speaker
CLINCHED THAT ONE. IT WOULD BE INTERESTING TO STUDY THE TRENDS, THOUGH. AND TO LOOK AT LITERARY PRODUCTION TODAY AND THEN AND TO SEE, YOU KNOW, TO COMPARE...
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| 01:05:46 |
Unidentified Speaker
THING CHANGED BETWEEN THE TWO PERIODS IS THE PURPOSE OF WHAT THE ECONOMY IS. LATE 19th CENTURY, THE PURPOSE OF THE ECONOMY IS TO PRODUCE REPUBLICAN...
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| 01:06:29 |
Unidentified Speaker
RIP TIDED, LATER IN THE SERIES WE WILL BE HAVING EMANUEL SAEZ WHO STUDIES CHANGES IN THE 20th CENTURY IN THE GROWTH AND EXTENT OF INEQUALITY. LOOKING...
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| 01:06:48 |
Unidentified Speaker
SO MUCH FOR YOUR TALK. I GREW UP OUTSIDE OF CHICAGO. RECENTLY HAD A LARGE STRIKE THERE. THE TEACHERS. AND -- JUST READING ABOUT THE STRIKE, GREAT HISTORY...
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| 01:08:02 |
Unidentified Speaker
NOVEL? >> YES. IT IS CALLED STRIKE. IT IS FROM -- FROM THE 1930s. WHOLE GENRE OF STRIKE NOVELS AT THAT TIME. IT IS A GOOD STRIKE NOVEL. BUT IT IS STILL...
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| 01:08:24 |
Unidentified Speaker
IN THE GILDED AGE. THEY GREW UP BIGGER AND MORE VIOLENT AS TIME GOES ON. THE EARLY ONES ARE CONTROL. CRITICAL NOT SO MUCH STRIKES FOR WAGES BUT THE...
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| 01:10:02 |
Unidentified Speaker
TO ADD AN INTERESTING SORT OF ANECDOTE, I SUPPOSE, THE MOST WIDELY PUBLISHED PAMPHLET PERHAPS OF ALL TIME CAME OUT IN 1899. AND IT IS CALLED A MESSAGE...
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| 01:11:47 |
Unidentified Speaker
SUPPOSE. >> YES. >>
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| 01:11:48 |
Unidentified Speaker
HI. I THINK IT IS INTERESTING TO LOOK AT TODAY'S PRESIDENTIAL DEBATE AND HOW MITT ROMNEY'S WEALTH HAS BEEN CRITICIZED AND REVERED, REALLY PUT IN THE...
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| 01:12:10 |
Unidentified Speaker
MOST PRESIDENTS IN THE UNITED STATES IN THE 19th CENTURY. HER NOT RICH THEN. LEO STANFORD IS ONE OF THE MOST -- STANFORD COULDN'T HAVE BEEN ELECTED...
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| 01:13:18 |
Unidentified Speaker
I THINK IT IS VERY INTERESTING WATCHING THE -- POLITICAL CONVENTION A FEW WEEKS AGO -- HOW THE RAGS TO RICHES NARRATIVE IS SO CENTRAL. AND SO -- VERY...
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| 01:14:09 |
Unidentified Speaker
YES. >> THIS
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| 01:14:10 |
Unidentified Speaker
IS NOT A QUESTION BUT LOOKS TO THE REST OF THE SERIES HERE. I RECENTLY READ A BOOK ABOUT INEQUALITY AND ANYBODY WHO IS INTERESTED IN IT MIGHT WANT TO...
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| 01:14:32 |
Unidentified Speaker
YOU. >> THAT'S A VERY INTERESTING BOOK. THANK YOU FOR THAT. >>
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| 01:14:43 |
Unidentified Speaker
HI. MY QUESTION IS -- PRETTY STRAIGHTFORWARD. I HAVE READ ABOUT HOW EARLIER PERIODS IN -- AMERICAN HISTORY, EARLY 18th CENTURY, COLONIAL PERIOD,...
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| 01:15:39 |
Unidentified Speaker
IT IS AN INTERESTING QUESTION. THIS IS HOW LIBERALISM STARTS OUT. THIS IS WHY JEFFERSON AND JACKSON ARE LIBERALS. THEY SEE AS WEALTH DISTRIBUTION...
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| 01:17:21 |
Unidentified Speaker
ABOUT MARK TWAIN. WHY I FIND HIM INTERESTING, HIS VIEWS ON WEALTH ARE VERY COMPLEX, SURE. MANY OF THE WEALTHY ARE SCOUNDRELS AND HORRIBLE PEOPLE. BUT...
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| 01:18:10 |
Unidentified Speaker
YOU MEAN THE DISCUSSION? THAT WANE IS NOT -- ALWAYS NECESSARILY QUESTIONING THAT -- >> WELL, HE IS
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| 01:18:16 |
Unidentified Speaker
CERTAINLY CRITICAL OF THE WEALTHY BUT HE -- I THINK HAD HAS A MORE -- COMPLEX PSYCHOLOGICAL PICTURE AND PART OF IT IS HIS OWN PERSONAL LIFE. HE ALWAYS...
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| 01:18:27 |
Unidentified Speaker
SURE. HE DID AND HE DIDN'T. HE FAILED WITH FAMOUS PAGE TYPE SETTING MACHINE. HE FROZE ALL OF HIS MONEY INTO -- SORT OF TRICKED BY -- THIS -- THIS...
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| 01:19:36 |
Unidentified Speaker
IS NEARLY NOT FOUNDED -- STANFORD DOES NOT WANT TO PAY BACK THE LOAN THAT THE CENTRAL PACIFIC GOT FROM THE FEDERAL GOVERNMENT. TWAIN IS OBSESSIVE...
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| 01:19:50 |
Unidentified Speaker
I MEAN, ASH. >> EVERY PENNY. >>
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| 01:19:51 |
Unidentified Speaker
I CAN'T THINK OF ANOTHER GILDED AGE FIGURE THAT WON'T GO INTO BANKRUPTCY, HE GOES IN THAT LECTURE TOUR AND WRECK HIS LIFE BASICALLY. IN A LOT OF WAYS...
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| 01:20:22 |
Unidentified Speaker
THIS REMARKABLE NOVEL -- I DON'T KNOW IF YOU READ THAT. AND -- THIS WAS ONE OF HIS EFFORTS TO -- WORK HIS WAY OUT OF DEBT. I MEAN, IT IS THIS BIZARRE...
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| 01:21:33 |
Unidentified Speaker
AGREE WITH ME THAT THIS WAS A FASCINATING GLIMPSE INTO A DIFFERENT WAY OF THINKING ABOUT WEALTH. A REMINDER THAT THE WAY WE THINK ABOUT WEALTH IS HISTORICAL....
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.