The Rise and Fall of the Ponzi Scheme in the Roaring Twenties

The Roaring 20s are often described as a time of optimism and decadence, teeming with flappers, jazz and bootlegged liquor. It was the decade that birthed modern America. But with that birth came growing tensions over civil rights, the urban-rural divide and other culture wars.

Historian Michael E. Parrish captured the period in his book Anxious Decades: America in Prosperity and Depression, 1920 -1941. In this episode, Parrish joins host Lindsay Graham to discuss Ponzi schemes, the birth of celebrity culture, and how the lessons learned from the ‘20s still resonate today.

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