Davis Tutt thought he had the leverage.

On July 21, 1865, the former Confederate soldier walked into the town square of Springfield, Missouri, wearing a gold pocket watch that didn't belong to him, collected the night before as collateral on a gambling debt the other man disputed. In a frontier economy with no credit bureau, no collection agency, and no court two gamblers were going to trust, public humiliation was the only enforcement tool available. Tutt miscalculated.

Wild Bill Hickok crossed the square to meet him, and a single shot ended the confrontation that historians now consider the first recorded quick-draw gunfight in American history. The jury acquitted Hickok on the grounds that wearing a man's watch in public was justifiable provocation. A Harper's Magazine correspondent arrived a few weeks later, and the myth of the American West was born.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com

Sometimes the most important business lesson inside a historic moment isn't the achievement itself - it's what happens the morning after.

On July 20, 1969, Neil Armstrong became the first human being to step onto the surface of the Moon, watched by more than 530 million people in the largest television audience in history to that point. The goal President Kennedy had set before Congress in 1961 - landing a man on the Moon and returning him safely to Earth before the end of the decade - was complete.

Within months, public interest had dropped sharply, budget cuts had begun, and three planned Apollo missions had been cancelled. By 1973, NASA's own budget submission stated simply that the program's objectives had been accomplished and no further funding was required. The race was over. The engine that had powered it had nothing left to run on.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com

Sometimes the idea is right and everything else is wrong.

On April 6, 2020, Quibi launched as the most well-funded streaming debut in history, backed by $1.75 billion from Disney, NBCUniversal, WarnerMedia, Sony, MGM, Goldman Sachs, and JPMorgan Chase, with original programming from Jennifer Lopez, Reese Witherspoon, and Chrissy Teigen among others. Founded by Jeffrey Katzenberg, the former chairman of Walt Disney Studios and co-founder of DreamWorks Animation, and led by CEO Meg Whitman, the platform offered premium short-form video in episodes of five to ten minutes built exclusively for mobile phones. It projected seven million subscribers in its first year. It reached approximately 500,000. On October 21, 2020, six months and fifteen days after launch, Katzenberg called investors to say Quibi was shutting down. The content library was later sold to Roku for less than $100 million.

bsnsBloopers is part of the bsnsDAILYpodcasts lineup from bsnsBasics, hosted by Ron Trucks.

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The parking problem in downtown Oklahoma City in the early 1930s was not what anyone thought it was.

On July 16, 1935, Carl Magee's solution went into the ground: 175 coin-operated parking meters along 14 blocks of downtown Oklahoma City, Oklahoma, the first in the world. Magee had identified the real problem as turnover rather than congestion, and his Park-O-Meter gave drivers one hour for a nickel with a $20 fine for anyone who overstayed. Half the city filed lawsuits, at least one man rode a horse into downtown in protest, and downtown merchants immediately demanded more. By the early 1940s, more than 140,000 meters were operating across the United States, and the mechanism Magee built in 1932 is still running today, just without the coin.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com

Few objects in history have done more business work than a broken slab of rock pulled from a demolition site.

On July 15, 1799, French engineer Pierre-François Bouchard uncovered the Rosetta Stone while tearing down a fort wall near the Egyptian port town of Rosetta during Napoleon's campaign to disrupt British trade routes to India. The stone carried the same government decree in three scripts, hieroglyphics, Demotic, and Greek, issued in 196 BCE to confirm the divine rule of King Ptolemy V. It took more than two decades and two rival scholars, England's Thomas Young and France's Jean-François Champollion, before hieroglyphics could be read again, and when Champollion announced his breakthrough in 1822, an entire civilization's worth of tax records, property disputes, and trade agreements became readable for the first time in over a thousand years.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com

The First Amendment was seven years old when Congress contradicted it.

On July 14, 1798, a Federalist-controlled Congress passed the Sedition Act, making it a federal crime to publish false, scandalous, or malicious writing about the United States government, and the law was used almost exclusively against newspaper editors and pamphlet publishers who supported the opposing Democratic-Republican party. At least 17 people were indicted, including Matthew Lyon, a sitting congressman from Vermont who was convicted for criticizing President John Adams and sentenced to four months in a jail cell shared with felons. Lyon ran his re-election campaign from that cell and won by a landslide, and the prosecuted editors became folk heroes whose treatment helped sweep the Federalists from power in the election of 1800, ending them as a major national political force. The legal question the Act raised outlived it by more than a century, resurfacing in a new Sedition Act in 1918 and in Justice Oliver Wendell Holmes's evolving opinions on free speech, before the modern framework for press freedom was finally established in New York Times v. Sullivan in 1964, 166 years after the original law passed.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com

Nobody in Montevideo in 1930 was building a $7 billion media property. They were just trying to get thirteen teams to show up.

On July 13, 1930, the first two matches in FIFA World Cup history were played simultaneously in Uruguay's capital city, with France defeating Mexico 4-1 and the United States defeating Belgium 3-0 in front of a crowd of 4,444 people. Most of Europe had declined to make the three-week sea voyage, and Uruguay had secured hosting rights by offering to pay every team's travel and accommodation costs, a commercial investment rather than generosity, timed to a country celebrating both a constitutional centenary and back-to-back Olympic gold medals in soccer. The commercial model FIFA stumbled into that summer, one event every four years with the winner taking everything, became one of the most powerful structures ever built around a sport, compounding through television rights and sponsorship deals until the tournament generated more than $7 billion per cycle. The governance failures followed the money, culminating in a 2015 U.S. Department of Justice indictment of 14 FIFA officials over a 24-year bribery scheme worth more than $150 million.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com

Not every business failure is the story of a bad idea. Sometimes it's the story of a great idea that got used against its own inventor.

On February 5, 1982, Laker Airways, the British budget airline that had carried over a million transatlantic passengers in its first year of operation, collapsed with debts of £270 million after a four-hour board meeting at London Gatwick Airport. Founder Sir Freddie Laker, who had spent six years fighting governments on both sides of the Atlantic to launch his revolutionary Skytrain service, watched his airline fold while 2,500 employees lost their jobs and 6,000 passengers were stranded mid-trip. A court later confirmed that major carriers including British Airways, Pan Am, and TWA had engaged in illegal cartel behavior and coordinated predatory pricing specifically designed to drive Laker out of business. The subsequent antitrust settlement totaled roughly $85 million. The airline never returned.

bsnsBloopers is part of the bsnsDAILYpodcasts lineup from bsnsBasics, hosted by Ron Trucks.

Find more at www.bsnsDAILYpodcasts.com

Not every turning point looks like one at the time.

On July 9, 1962, a largely unknown artist named Andy Warhol opened his first solo painting exhibition at the Ferus Gallery in West Hollywood, California, displaying thirty-two canvases of Campbell's Soup cans on a shelf designed to mimic a supermarket aisle. A neighboring gallery owner stacked actual soup cans in his window and offered them cheaper, and critics dismissed the show outright. Ferus co-owner Irving Blum sold six of the thirty-two paintings before calling the buyers back, returning their money, and acquiring the entire series himself for $1,000 paid in installments because he believed the collection needed to stay together. By the end of 1962 the art world had reversed its verdict, and a symposium at the Metropolitan Museum of Art formally validated Pop Art as a legitimate artistic movement. The Campbell's Soup Cans paintings were transferred to the Museum of Modern Art in 1996 in a transaction valued at $15 million, and the framework Warhol built on that shelf still shapes how brands and serious artists collaborate today.

This is bsnsHistory, the daily podcast where we find the turning points behind the headlines.

Produced by bsnsBasics. Hosted by Ron Trucks. New episodes every Monday through Thursday.

www.bsnsDAILYpodcasts.com

Some turning points arrive as negotiations. This one arrived as four warships.

On July 8, 1853, U.S. Navy Commodore Matthew Perry sailed into Edo Bay in Japan, deliberately ignoring Japanese orders to proceed to Nagasaki, the only port where foreign vessels were permitted, and anchored within sight of the capital. Japan had maintained a strict isolation policy since 1639, and Perry's steam-powered ships, which Japanese observers called kurofune, or black ships, carried 73 state-of-the-art guns the shogunate had no military answer for. Perry returned the following year with nine ships, and the Treaty of Kanagawa, signed in March 1854, opened Japanese ports to American trade for the first time in over two centuries. The shogunate's inability to resist triggered a domestic crisis that ended with its overthrow in 1868 and the start of the Meiji Restoration, a government-led industrialization program that grew Japanese trade tenfold in thirty years and led, within a generation, to Japan defeating Russia in open conflict.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com