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American History

The Dumbest Get-Rich-Quick Schemes in History

get rich quick schemes

Dumb luck is sometimes better than skill and talent. As in way, way, better. Take Timothy Dexter, an eccentric eighteenth century American entrepreneur who sank his money into just about every mind-bogglingly dumb venture possible. Rather than lose his shirt, he made out like a bandit time after time. Below are twenty five things about that and other dumb moments from history.

An Ambitious Colonial Blue Collar Worker, and the Snobs Who Tried to Foil Him

Dumb Moment - Timothy Dexter
Timothy Dexter. Wikimedia

For centuries, Newcastle in northeast England had a legal monopoly on the region’s vast coal trade. That helped the town prosper and develop in a major metropolis. As early as the 1500s, the abundance of coal there birthed the idiom “taking coal to Newcastle“. It is used to this day to signify a pointless attempt to do what is useless and is not needed. In the eighteenth century, however, an eccentric – or more accurately, an outright plain nuts – American businessman defied that bit of conventional wisdom and took coal to Newcastle. He made out like a bandit.

Eccentric American entrepreneur Timothy Dexter (1747 – 1806) was born in a working class family of modest means in Colonial Massachusetts. At age sixteen, he became a tanner’s apprentice, and got pretty good at leather working. His life and career revolved around the contrasts between his humble origins, and his desire to join the colony’s elites. Massachusetts’ blue bloods were not receptive to the uncouth and low brow leather worker’s attempts to join their ranks, and went out of their way to try and thwart his ambitions and steer him wrong. As seen below, sheer dumb luck allowed Dexter to foil their schemes to screw him over, and succeed time after time.

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A lifelong history buff, I developed a particular passion for WW2 history as a child, when I spent hours listening to my grandfather, enraptured, as he recounted his wartime experiences in the British East African Campaign and with the British 8th Army in North Africa.

I graduated with a history BA from George Mason University, then went on to get a JD from the University of Virginia School of Law. After lawyering for a decade, I moved to sunny Rio de Janeiro and a less demanding career, opening a tourism agency in Copacabana.

A big chunk of my free time is spent blogging (you can follow me on Quora https://www.quora.com/profile/Khalid-Elhassan ) or freelance writing, mostly about my favorite subject, history.

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