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The Rustbelt Reader

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The Rustbelt Reader is a Pittsburgh-based publication that studies history, measures the present, and imagines the next American century.

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Substack
PricingFreemiumPublishesDaily
Issues157Foundeda year agoLast Issue19 days ago
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Latest Issues

The Gospel of the Plow

There is a kind of ruin that arrives not by accident but by invitation. A man is not robbed of his savings so much as he is talked out of them, and talked out of them in his own voice, repeating back a thing he was told until he cannot tell...

19 days ago
6
10

Steel as Security — and What Actually Matters

BY DAVID LOHEYDE · PITTSBURGH PA


Part I ended on a claim: the money can come from Pittsburgh or Tokyo, but the approval comes from Tokyo, and Japan’s cost of capital is rising for the first time in thirty-five years.

That’s true as...

20 days ago
2

The Cost of Losing the Real Economy

On June 8, at the Edgar Thomson plant in Braddock, U.S. Steel announced up to $2.5 billion to replace an 87-year-old hot strip mill. A company-sponsored economic impact study says the project could support as many as 6,381 jobs across Penns...

21 days ago
9

The Banker and Mr. Frick

Henry Clay Frick and Andrew W. Mellon. Frick called him “Andy.” Mellon always called him “Mr. Frick.” Separate public-domain portraits, Library of Congress.

Henry Clay Frick had two great financial relationships in his life.

One was with...

23 days ago
4
2

Poor Rusty’s Almanac

Editor’s note. This is the abridged edition — the lesson of Poor Rusty’s Almanack No. 1, carried in a pocket. The full fable, with its five plates and the man who sold the Donners their shortcut, is the current number of the Almanack....
25 days ago
9

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  • The Rustbelt Reader

    From Fifth Avenue in Pittsburgh, we study history, measure the present, and imagine the next American century.

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