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A perfect storm of deregulation and loose monetary policy triggered the subprime mortgage crisis, reshaping modern finance.
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Italy’s economic miracle from 1951 to 1963 transformed it from an agricultural country into a consumer powerhouse, driven by the Marshall Plan, industrial growth, and European integration. By 1963, Italy was a modern metropolis, with Milan gleaming in steel and glass, and families enjoying new comforts. This remarkable shift reshaped Italy’s economy and society, leaving a legacy of both progress and uneven development.
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The 20th century redefined global labour migration with the rise of temporary guest workers, transforming economies through transient yet crucial labor cycles. Discover how these programs shaped modern capitalism’s heart.
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Is the era of Western global dominance coming to an end? This episode explores the profound decline of Western, and particularly American, “hard” and “soft” power on the world stage.We begin by contrasting two pivotal moments in history: Lord Palmerston’s 19th-century Britain, which could blockade a nation over the dubious claims of a single subject, and the modern United States, a superpower unable to prevent a small city-state like Singapore from punishing one of its citizens. This shift illus
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Explaining History Podcast: 2025 in Review – The Year the Tech War Was LostAs 2025 draws to a close, we reflect on a pivotal year that historians may one day see as the moment the world changed forever. This episode delves into the most significant geopolitical shift of our time: the American retreat from its tech and trade war with China, and the quiet acknowledgment that the battle has been lost.Join us as we analyze the key indicators of this tipping point, from tech oligarch Peter Thiel losi
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In this episode of the Explaining History podcast, host Nick Shepley is joined by veteran journalist and author Paul Vallely to explore the definitive inside story of Live Aid and its far-reaching legacy. Vallely’s new book, Live Aid: The Definitive 40-Year Story from Pop and Poverty to Politics and Power, chronicles the journey from the 1984–85 Ethiopian famine and the iconic 1985 Live Aid concert through four decades of activism against global poverty. The conversation delves into how a charit
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What was life really like for the poor and powerless in the wake of the Napoleonic Wars? In this episode of the Explaining History podcast, we’re joined by Katharine Quarmby, author of the powerful new historical novel, The Low Road.Set in 1813, The Low Road is a story of hardship, struggle, and love found in the most brutal corners of English life. Based on a true story unearthed from her hometown in Norfolk, Catherine’s novel follows an orphaned girl, Hannah, as she navigates the cruel institu
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Who really built the global economy? Traditional history books tell a story dominated by men—inventors, industrialists, and financiers. But what if this narrative is missing half the picture?In this eye-opening episode, host Nick is joined by Dr. Victoria Bateman of Gresham College to discuss her hugely ambitious new book, Economica: A Global History of Women, Wealth and Power. Dr. Bateman challenges the very foundations of economic history, arguing that our understanding of wealth creation is f
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Unveiling Uzbekistan: A Nation at the Crossroads of History and FutureJoin host Nick as he welcomes back acclaimed journalist and author Joanna Lillis to the Explaining History podcast. Seven years after her last appearance to discuss her book on Kazakhstan, “Dark Shadows,” Joanna returns to shed light on the enigmatic nation of Uzbekistan, the subject of her new book, “Silk Mirage.”This episode delves into the complexities of a country that was, for 25 years, one of the world’s most brutal dict
