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Detroit was the original Silicon Valley - And the party ended with bank runs

Detroit was the original Silicon Valley - And the party ended with bank runs

FromDaily Detroit


Detroit was the original Silicon Valley - And the party ended with bank runs

FromDaily Detroit

ratings:
Length:
24 minutes
Released:
Mar 22, 2023
Format:
Podcast episode

Description

On today's episode, a look back in time. I'd argue that Silicon Valley is today's Detroit in that a hundred years ago, the Motor City was the capital of innovation. But the nail in the coffin on that era were bank runs that cascaded into the rest of the country.  Major players like Henry Ford had decided they'd rather rebuild their entire company than provide any support to the banks, one where his son was a head of. Obviously, there is a lot that's different now. But there are so many similarities in personality to the titans of then to the titans of now it's eerie. To dive in on the podcast, since I can't talk to someone that was there, I do a partial reading of the first-hand account by Francis Gloyd Awalt that takes you into the decision rooms and you can see the parallels for yourself. We do this show each and every weekday covering what to know and where to go in Metro Detroit on Apple Podcasts, Spotify, and wherever you listen to shows. Plus, our new round of etched Daily Detroit rocks glasses are here. They're only for Patreon members, so support our work today! Support us on Patreon: https://www.patreon.com/DailyDetroit  As always - feedback, dailydetroit - at - gmail - dot - com.
Released:
Mar 22, 2023
Format:
Podcast episode

Titles in the series (100)

Your Daily Detroit shares what to know and where to go in Metro Detroit. This all local news & entertainment show pushes Detroit's conversation forward. We cover development happenings, city and suburb news, policy, where to go eat and drink, events around town, the tech and entrepreneurial scene, and more depending on the day's news. All brought to you by the smart and engaging team at Daily Detroit.