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Freakonomics Radio

The First Great American Industry (Update)

45 min episode · 2 min read
·
Paul Watson

Episode

45 min

Read time

2 min

Topics

Personal Finance, History

AI-Generated Summary

What It Covers

How nineteenth century American whaling became the nation's first major industry, creating massive wealth through whale oil exports before collapsing due to petroleum competition.

Notable Moment

Nathaniel Philbrick reveals that abandoned whaling ships from California gold rush still surface when San Francisco constructs new office buildings, their whale bones discovered underground.

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