Prompt Cast
The Rise and Fall of the Susan B. Anthony Dollar Coin
TLDR The Susan B. Anthony dollar coin, introduced by the US government in 1979 to replace paper bills, faced backlash and failed to gain popularity due to its resemblance to a quarter and lack of circulation, leading to its eventual storage in various places. Planet Money explores the historical significance and failed attempts to popularize the coin through stories of purchases made in Philadelphia and bankruptcy filings on Groundhog Day.
Timestamped Summary
00:00
Planet Money reports stories only about things that occurred on Groundhog Day in order to break an ancient curse, with this year's focus being on trademarks created on February 2nd.
04:34
Jennifer Jenkins, a legal scholar in intellectual property, helps Planet Money explore trademarks filed on various February 2nds, including General Mills' "Mug of Lunch" in 1976, reflecting changing societal norms around women working outside the home.
07:54
The hosts explore bankruptcy filings on Groundhog Day, including Movie Gallery, Inc., the second largest movie rental company in the US and Canada, which filed for chapter 11 bankruptcy for the second time in 2010.
11:23
Movie Gallery, Inc. filed for chapter 11 bankruptcy for the second time on Groundhog Day, a phenomenon known as "chapter 22" in academic circles.
14:48
The US government introduced a smaller dollar coin featuring Susan B. Anthony in 1979, but the coin failed to gain popularity and ended up being unused and stored in various places.
18:37
In 1979, the US government introduced the Susan B. Anthony dollar coin in an attempt to save money by replacing paper bills, but the coin faced backlash and failed to gain popularity.
22:16
The Susan B. Anthony dollar coin faced backlash and failed to gain popularity due to complaints about its resemblance to a quarter and lack of circulation.
25:56
Sam uses Susan B. Anthony dollar coins to make purchases in Philadelphia, highlighting their circulation and historical significance.
