A bankrupt flour merchant in debtor’s prison helped inspire the Erie Canal

Thomas Jefferson dismissed the Erie Canal as 'little short of madness'

When first proposed, President Jefferson scoffed at the idea of carving a 363-mile waterway through wilderness and rock. With no precedent in American engineering, the canal seemed impossible.

The Erie Canal was built without a single dollar of federal funding

After President Madison and Congress rejected the project, New York State financed the 363-mile Erie Canal entirely on its own—authorizing $7M in bonds in 1817.

DeWitt Clinton’s “Big Ditch” gamble transformed New York

Mocked as “Clinton’s Folly” and “Clinton’s Big Ditch,” New York Gov. DeWitt Clinton championed the Erie Canal against skeptics. His political drive secured funding for the project in 1817.

Amateur engineers built America’s first great infrastructure project

With no engineering schools in the US, the Erie Canal was designed and built by self-taught amateurs who improvised new methods and became known as the “Erie School of Engineering.”

The Erie Canal transformed New York City into America’s banking capital

By redirecting western trade through New York Harbor, the canal turned New York into the nation’s commercial hub. This surge in commerce shifted financial power from Philadelphia to Wall Street, establishing the city as America’s banking capital.

The Erie Canal reduced freight costs by 90%

Before the canal, shipping goods overland cost about $100 per ton. After its completion in 1825, rates fell to just $10—making western farm products competitive in eastern markets for the first time.

Reflections on the Erie Canal’s 200-year history

Reflections on the Erie Canal traces the waterway from its 1825 opening to its evolving role today. Each short video in this 10-part series explores a different aspect of the canal and its legacy today.

Local limestone made waterproof cement for the Erie Canal

In 1818, engineer Canvass White discovered that limestone near Chittenango, New York, could be processed into hydraulic (or waterproof) cement. This breakthrough replaced costly European imports, enabling watertight locks and aqueducts and revolutionizing American construction.

Erie Canal builders invented the “stump puller” to clear forests

One ingenious device created for the Erie Canal was the stump puller—a horse-powered machine using levers and chains to rip tree stumps from the ground.

A letter about a hurricane helped launch Hamilton's life in America

After a hurricane severely damaged the Caribbean island of St. Croix, Alexander Hamilton wrote a vivid letter that was later published and impressed local business leaders, who took up a collection to send the teenager to North America for schooling.

The history of bankruptcy in the US dates back to the signing of the Constitution

In 1787, this founding document gave Congress the right to establish nationwide bankruptcy laws. Legislators took advantage of that power in 1800 when they passed the Bankruptcy Act of 1800, the first comprehensive bankruptcy law at the federal level.

How a pencil-making company helped fund Thoreau's books

Thoreau's father ran a pencil-making business, designing a model that dominated the American market and paid for his son's Harvard education. Later, Henry David Thoreau would use the business to fund the publication of his two books, "A Week on the Concord and Merrimack Rivers" and "Walden."

Famed American investor Jesse Livermore made millions when the stock market crashed in 1929

Livermore made his first major short against rail company Union Pacific in 1906, coincidentally before an earthquake in San Francisco, which ultimately tanked share prices. During a financial panic the next year, JP Morgan reportedly asked Livermore to increase his long-term investments to restore hope and restabilize the market—which Livermore did. However, Livermore began betting against the market in 1929, sensing that stocks were too hot, and was one of the few people to benefit from the 1929 stock crash.

Often dubbed the 'king of bank robbers,' George Leonidas Leslie stole an estimated $7M (equivalent to $200M today) and charged other criminals a $20K fee to evaluate their heist plans

Leslie studied architecture and used blueprints of safes and banks to execute meticulously planned bank heists across the Northeast between 1869 and 1878. Although Leslie was an infamous bank robber by night, he posed as a member of high society by day, providing critical intel on the institutions he'd rob and helping conceal his crimes. Months before his largest planned heist, where he planned to turn on his gang, Leslie's body mysteriously washed up along the Hudson River. His killer remains a mystery.

When Dickens was 12, his father was imprisoned for debt

John Dickens was imprisoned at Marshalsea Debtors' Prison in London for failing to pay his debts. The experience forced the young Charles to leave school to help provide for his family. It also eventually informed his fiction, which often called for social reform, including the abolition of debtors' prisons.

The explorer who re-discovered Machu Picchu

If there was a real-life inspiration for Indiana Jones, it may well have been Hiram Bingham, the Yale University historian who set out to find the rumored “lost city” of the Inca. This short feature from the BBC’s History magazine explains how this son of missionaries brought international renown to the site and to himself. In the process, he sparked an international feud that would last more than a century.

Dr. William Gorgas eradicated yellow fever in Panama, crucial to canal construction

The disease was one of the factors hampering the French effort to build the canal. Gorgas' experience elsewhere in the Caribbean had taught him that good drainage and quaranting patients were essential, and he would eventually apply mosquito prevention tactics on a mass scale.

William HH Murray spurred American interest in rustic retreats

Murray's 1869 self-help book, "Adventures in the Wilderness; or, Camp-Life in the Adirondacks," encouraged urban residents to embrace outdoor activities, depicting upstate New York as an unsullied paradise free from the chaos of city life.

How a Harlem Renaissance poet teamed up with a Wright brother

Paul Laurence Dunbar is one of the most influential poets from the Harlem Renaissance, a loose collection of Black artists who redefined American literature in the early 20th century. He was also an entrepreneur. He founded a short-lived newspaper, the Dayton Tattler, alongside Orville Wright, one of the famous Wright Brothers who pioneered aviation. This article explores how their friendship defied the societal norms of the time and led to a pioneering publication.

August A. Busch, Sr. was gifted a six-horse Clydesdale hitch to celebrate Prohibition’s end

This helped reveal the marketing power of a horse-drawn beer wagon, so it invested in a second six-horse Clydesdale hitch. The Clydesdales soon went to New York, where they drew a crowd of thousands en route to the Empire State Building. Anheuser-Busch even gifted a case of Budweiser to New York Governor Alfred E. Smith in thanks for his help in the fight against Prohibition.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

In 1820, a sperm whale sank a ship and inspired 'Moby-Dick'

The Essex's crew hoped to capture sperm oil, a lucrative material found in the heads of sperm whales. However, a whale charged and crashed into the ship. Survivors of the attack drifted at sea for months, and many experienced starvation, dehydration, and cannibalism. The ordeal inspired author Herman Melville.

LaMarcus Thompson wanted roller coasters to save people from Satan’s temptations

The inventor and businessman who is known as “the Father of the American roller coaster” was also a religious Sunday school teacher who wished to distract the public from indulging in popular sinful amusements of the time like saloons and brothels.

Hughes wrote numerous short stories about a character named 'Simple'

Jesse B. Semple, known as “Simple,” was a recurring character in Hughes’ long-running column in the Chicago Defender newspaper. Hughes had conversations with the fictional Simple, who’d offer humorous and subtly profound observations about contemporary life, especially as it related to race, allowing Hughes to present pointed commentaries without coming across as preachy.

How to make a billion dollars, with Brad Jacobs

Brad Jacobs is a serial entrepreneur who has launched eight billion-dollar enterprises during his storied financial career. With companies focused in energy, waste, and more, Jacobs has stuck to a roll-up playbook of consolidating small players into one conglomerate within an industry, a common tactic of similar private equity firms. This podcast from Founders summarizes Jacobs' book detailing his approach.

A letter to Ethereum’s community from an early builder

Fuel Network CEO Nick Dodson writes about his experience as an early app builder on the Ethereum blockchain. He talks about why he perceives Ethereum as being different from rival blockchains like Solana, espousing the ethos and “spirit” of the Ethereum network and community. At the same time, he lays out some hopes he has for the future of Ethereum in a telling peek into an Ethereum insider’s brain. Read the letter here.

The rivalry between Alexander Hamilton and Thomas Jefferson centered on federalism—the question of how much power the federal government should hold relative to the states.

In 1915, workers recovered a submarine-like vessel from the Chicago River, prompting fears of German espionage

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

The 19th-century painters of the Hudson River School were among the first American romantics, with portraits that displayed the natural beauty of the young country.

Before writing 'Walden,' transcendentalist Henry David Thoreau nearly burned down his hometown with a campfire that grew out of control.

Jimmy Carter signed a 1978 bill that legalized home brewing, a move credited with kick-starting the craft beer industry.

For centuries, Niagara Falls has been a magnet for daredevils seeking to conquer one of nature's most powerful wonders, with its 200-foot drop and water rushing at 32 feet per second with 280 tons of force.

Clever Hans was a 1900s horse that was believed to be able to solve math equations, tell time, and read and comprehend German, until a psychology student discovered how he got his answers.

Sears sold DIY house kits starting at $600 in its famous catalog from 1908 through the 1940s, resulting in roughly 10,000 'Sears and Roebuck houses' being built.

In 1939, baseball star Lou Gehrig delivered his inspirational 'Luckiest Man' speech after retiring due to the health condition that now bears his name.

During the French Revolution, a botanist's letter asking about "dear Rhus" (poison ivy) was intercepted, leading authorities to suspect he was conspiring with the Russians.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

Meet the 56 signers of the Declaration of Independence—most of whom didn't put pen to paper until August 2, 1776—and see their original signatures.

Watch a 1934 short film starring jazz legend Cab Calloway, a major figure in the Harlem Renaissance's music scene

In 2009, the nation was gripped by the story of a missing young boy who was believed to be floating over Colorado in a homemade balloon, until it was revealed that he was at home the whole time.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Roughly 43 million US borrowers owe roughly $1.7T in student debt, the second-largest source of consumer debt behind mortgages.

Watch this video that uses Lego bricks to explain how venture capital works.

Legendary architect Frank Lloyd Wright designed the SC Johnson headquarters in Wisconsin, aiming to make a cathedral-like workplace

A Yale student wrote a profound essay about the consulting industry's influence on elite college students that was published in a book of her writing after she died in a post-graduation car accident.

The Dracula character, now seen as the vampire archetype, was inspired by a seafood-induced nightmare its creator experienced.

How the most famous Ebola book, The Hot Zone, which sold 3.5 million copies and was translated into 30 languages, got aspects of the disease so wrong.

SpongeBob exemplifies Aristotle's philosophy for living well because he understands that happiness doesn't come from external factors like money, recognition, or power.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.