Rectifying Historical Wrongs: Bonds and Initiatives in the Pursuit of Reparations

A captivating glimpse into financial history unfolds through a photograph showcasing the world's oldest living bond, a venerable artifact issued back in 1624. This remarkable piece of financial heritage, concealed within the archives of New Jersey, narrates a tale that transcends centuries. Originally commissioned to finance a dike in the Netherlands in the aftermath of a significant flood, this resilient bond is now on the brink of celebrating its 400th birthday, standing as a testament to the enduring nature of its financial legacy.

Intriguingly, despite the passage of centuries, this ancient bond continues to bear interest, defying the conventional lifespan of financial instruments. The narrative surrounding this enduring bond is unveiled in today's episode, offering listeners a captivating journey into the past and a reflection on the enduring impact of financial decisions made centuries ago.

For those seeking sponsor-free episodes of The Indicator from Planet Money, an invitation is extended to subscribe to Planet Money+ through Apple Podcasts or via the dedicated platform at plus.npr.org. The accompanying music, courtesy of Drop Electric, adds a resonant backdrop to this unique exploration. Connect with us on various platforms, including TikTok, Instagram, Facebook, and our insightful Newsletter, as we delve into the captivating stories embedded within the world of finance.

As we conclude this intriguing exploration into financial antiquity, the photograph of the world's oldest living bond, dating back to 1624, serves as a captivating portal to a bygone era. Nestled within the archives of New Jersey, this resilient relic, originally commissioned to fund a Dutch dike after a historic flood, now approaches its 400th birthday—a testament to the enduring nature of its financial legacy.

The narrative woven around this ancient bond, still actively paying interest, invites reflection on the lasting impact of financial decisions made centuries ago. Its ability to transcend time underscores the unique stories embedded within the realm of finance and the unexpected longevity of certain financial instruments.

For those seeking a deeper dive into economic tales, sponsor-free episodes of The Indicator from Planet Money await through a subscription to Planet Money+ on Apple Podcasts or at plus.npr.org. The melodic contributions of Drop Electric provide a fitting musical backdrop to this journey through financial history.

Connect with us on diverse platforms—TikTok, Instagram, Facebook, and our insightful Newsletter—as we continue to unravel the captivating narratives etched into the annals of the financial world. The world's oldest living bond stands not only as a relic but as a living testament to the enduring power and resonance of financial instruments across centuries.