4.7 • 9.2K Ratings
🗓️ 5 February 2025
⏱️ 11 minutes
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0:00.0 | NPR. |
0:02.0 | This is the indicator from Planet Money. |
0:13.8 | I'm Darym Woods. |
0:15.0 | And I'm Waylon Wong. |
0:16.5 | Kristen Carter is the owner of the busy Beaver button company in Chicago. |
0:22.6 | She makes pinback buttons, |
0:27.0 | you know, the kind that you might put on your backpack or your jean jacket. And if you wanted to pick a button-friendly slogan to describe the company, it could be made in the USA. Like almost everything |
0:33.7 | is within 100 miles. You know, like we try to be as local as possible for everything. |
0:39.3 | So, for example, Busy Beaver gets its steel from Indiana. That steel is then sent to Chicago, |
0:45.3 | where it's coated with tin. It helps stop corrosion and rusting. Oh, okay. Is that why you choose it |
0:51.3 | for your buttons? Yeah, that's why everyone uses it. That's the advantage of tin plating. |
0:55.9 | Button makers have been using tin plate for over a century. |
0:59.9 | Kristen also curates the Button Museum at Chicago, and she's got a tinplate button in her collection from 1892. |
1:08.0 | That's actually four years before the patent was even issued for this kind of button. |
1:12.3 | Kristen, you got to blow this thing wide open. I know. I know. It's like it's really going to shake |
1:16.8 | the earth when people learn about this. And here's another earth-shaking fact about this button. |
1:22.9 | It owes its existence to a trade policy called the McKinley tariff. The Timplate industry was a major |
1:29.3 | beneficiary of that tariff. Now, President Trump is kind of obsessed with William McKinley |
1:34.6 | and his stance on trade. Trump has praised McKinley for being, quote, very strong on protecting |
1:41.3 | our assets. And as we saw this week, one of Trump's first big economic |
1:46.2 | moves was putting or threatening to put on tariffs for Mexico, Canada, and China. When it comes to |
1:53.4 | Trump's tariff role model, William McKinley, the American tinplate industry is often used as an example |
... |
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