The Birth Of The Parking Meter

The world’s first parking meter was installed in Oklahoma City on July 16th, 1935. Park-O-Meter No. 1 was the brainchild Carl C. Magee, who’d moved to Oklahoma after being acquitted of manslaughter in New Mexico. Indignant opponents of his system considered paying for parking to be un-American, as it forced drivers to pay what amounted to a tax on their cars without due process of law. In this episode, The Retrospectors uncover the colourful past of another parking meter pioneer, Roger Babson; unpick the financial model still used by POM parking meters to this day; and get all hot-under-the-collar about penalty charges issued 90 years ago… Further Reading: • ‘16 July 1935: the world’s first parking meter is installed’ (MoneyWeek, 2014): https://moneyweek.com/329940/16-july-1935-the-worlds-first-parking-meter-is-installed • ‘Gravity Research Foundation Monument – Atlanta, Georgia’ (Atlas Obscura, 2016): https://www.atlasobscura.com/places/gravity-research-foundation-monument • ‘The im parking meter celebrates 87th anniversary’ (CBS Saturday Morning, 2022): https://www.youtube.com/watch?v=0-tB03VCOrw This episode first premiered in 2023, for members of 🌴CLUB RETROSPECTORS🌴 - where you can also DITCH THE ADS and get weekly bonus bits, unlock over 100 bits of extra content and support our independent podcast. Join now via Apple Podcasts or Patreon. Thanks!   We'll be back tomorrow! Follow us wherever you get your podcasts: podfollow.com/retrospectors   The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill. Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Ollie Peart. Copyright: Rethink Audio / Olly Mann 2024. Learn more about your ad choices. Visit podcastchoices.com/adchoices