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Dec 1, 2015 · OpenLearn from The Open University. 323K subscribers. Subscribed. 5.4K. 507K views 8 years ago The History of Money in 10 Minutes. An animated video exploring the history of money. From...
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In this Emmy Award winning documentary, economist and historian - Niall Ferguson, explores the history and evolution of money to demonstrate its mechanics an...
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Jun 2, 2023 · 7.5K. 1.8M views 11 months ago #PeekabooKidz #DrBinocsShow. The history of money is fascinating and goes back thousands of years. From the early days of bartering to the first metal coins and...
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Explore the history of money from the use of objects to future money such as Linden dollars, Bitcoin, and other cryptocurrencies
Learn about the history of money.
© Open University (A Britannica Publishing Partner)
•Explore the history of money from the use of objects to future money such as Linden dollars, Bitcoin, and other cryptocurrencies
•The History of Money: Early money
•Know about the first appearance of inflation in the 16th century Spain showing a relation between money and production of goods
The History of Money in Ten Minutes.
Number One: Early Money.
Long before money was invented, people were quite happy making, doing, and growing things for one another. In small communities, they could largely remember the payments and receipts of what was exchanged. Keeping tabs or tallies of these exchanges helped with the key requirement, which was to record who had been paid and who were still owed.
But as communities grew, so the exchanges became more and more numerous. And as people created things for the common good and rulers began to impose taxes, so the accounting was increasingly hard to keep track of.
IOU notes might have been a neat solution. But unless you knew the individual issuer personally, they were hard to enforce or verify. So instead, people started to use objects, such as whale's teeth, as a kind of IOU. This intermediate step in exchange process meant that people were free to trade with anyone, and they could even store up purchasing power for later use with their retradeable IOU tokens. So at the same time that humans invented money, they'd also invented debt.
Number Two: Metal Money.
- 11 min
Oct 26, 1996 · Learn how money has changed from barter to cattle, coins, paper, and electronic currency over the last 10,000 years. Explore the origins and evolution of different forms of money with examples and images from various cultures and regions.
Jacqueline Howard shows us how our exchange economy has evolved from early rudimentary bartering to present-day digital currency. Learn how this transformation has reshaped societies, boosted trade, and interconnected our world.
- 5 min
History of money - Wikipedia. Contents. hide. (Top) Overview. Theories of money. Technologies. Prehistory: predecessors of money and its emergence. Bronze Age: commodity money, credit and debt. 1000 BC – 400 AD. 400–1450. 1450–1971. 1971–present. See also. References. Further reading. External links. History of money. Part of a series on.
