| Title | : | The History of Paper Money - Origins of Exchange - Extra History - Part 1 |
| Lasting | : | 8.14 |
| Date of publication | : | |
| Views | : | 3,1 jt |
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What happens when a country can’t increase it’s spending when it needs to raise an army for war? You just identified why the Federal Reserve was created, unintentionally Modern warfare is only possible through fiat currency…aka paper money You should do another video on just that Comment from : @ohiou_2kbobcat494 |
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All Money is a Third good that does not spoil"brIt sure does spoil good intentions Comment from : @swat1710 |
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3:44 On school yards around the world Pokémon became money Comment from : @ungraded_treasures4057 |
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Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a okx wallet with usd, and I have the seed phrase: (proof inner hobby bounce blouse able donate virtual luggage cart morning ticket)What's the best way to send them to Binance? Comment from : @OresteZubak-o3s |
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Thanks for the forecast! I have a quick question: My OKX wallet holds USDT, and I have the seed phrase (proof inner hobby bounce blouse able donate virtual luggage cart morning ticket) How can I transfer them to Binance? Comment from : @OresteZubak-k7o |
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He sounds like 'Doomberg' Comment from : @timelapse4989 |
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1st fact is wrong, what we use today isn't wood pulp paper, it's a cotton micro fiber! Comment from : @ifcinvestor569 |
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Extra History , Dollars are not made from paper or trees It is 80 cotton; and 20 linen Comment from : @frankbrislin4378 |
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3:35 NOOOO, BRO IS SMOKIN THE FILTER, AUUGGHH lol Comment from : @RickJaeger |
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As a former prisoner, coffee, ramen, stamps were the base of the economy Cigs had been but when banned it caused many to avoid it Some of us just wanted to change and leave Comment from : @Celestial_Reach |
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another form of native American money were beads called wampum made from shells that only came ashore in limited amounts every year also what your talking about is called hard money meaning it's hard to find or make Comment from : @summerfanaticyt7631 |
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We didn't "come to accept" it It was forced upon us Comment from : @BrickGriff |
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Wow great explanation❤❤❤ Comment from : @HistoryOfMoney247 |
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wrolooooooooooooooooooooooooong Comment from : @crashdavis4123 |
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We like to pay cash Comment from : @JoshuaRoberts-me7gz |
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4:12 why isnt she weating clothes? Comment from : @LexiLunarpaw |
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❤ Comment from : @ggdad-k6o |
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❤ Comment from : @HelloBro-b1h |
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Speak for yourself I work for numbers in the ether Comment from : @gregorysagegreene |
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WHOA!!!! GUEST HOST FROM EXTRA CREDITS!!!! 😅😁brbrBeen missing you bud but what are you doing on Extra History? 😵💫😅 Comment from : @christopheralthouse6378 |
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I Love Jonna Napire 🧡💚❤brMarch 20, 2024 Comment from : @RonieNerbes-mt9ko |
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Nowadays (2024) It’s more vigorous record keeping than it is physical cash 💰 for me at least (when it comes to expenses) Comment from : @carlsoll |
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I think paper money was made so it would be easier to hold your money instead of holding a bunch of coins Comment from : @Candyguy8283 |
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It help fluid exchange labor and reward and get human need met Comment from : @EricPham-gr8pg |
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The surface of standing water (like oceans) does not have the capability to bend around the exterior of shapes The surface of all standing water is LEVEL This is a scientifically proven fact, which makes the ball Earth religion just that: a pseudoscientific religion promoting gigantic ball Earths floating in nothingness, carnism, nihilism, brainwash, and many other messed up things designed to promote scarcity and lock people in the manmade world map and not let them explore the outer reaches of it by using military enforcement and psychological manipulation Comment from : @santoshpss |
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0:00: 📜 비디오는 현금에서 용지화폐로의 역사적인 전환과 이것이 경제와 정부에 미친 영향에 대해 논의합니다br초기 인간들은 제작하거나 발견한 상품을 교환함으로써 무역에 종사
br2:21: 💰 돈은 더 쉬운 거래와 교환을 위한 보편적인 제3의 상품입니다br식품 교환은 고대 세계에서 보편적인 거래 썩는 문제
br5:47: ! 대규모 경제에서 상품 화폐는 무거움, 위험성 및 가치 저하에 취약 Comment from : @birdy0090 |
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Bro yap invented the first nft Comment from : @kevkevplays5662 |
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Money is the root of all evil:) lets hope we all get that understanding:) our wants is the true fight we all need to face, humbling ourselves is a big fight:) Comment from : @333Cherubim_ |
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i could make you chase down a gold coin like a dog by throwing it and saying its gold I like the video but wouldnt call precious metals outdated Comment from : @orionelenbaas7947 |
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The idea of barter societies is just a metaphor used economics 101 textbooks to introduce principles like Coincidence Of Wants, but it never actually existed We went directly from ecumenical sharing to having money every time a culture went through that shift Due to the Dissonance Principle because people bought into the idea in order to grasp economics, they think it is true and try to defend it, but it was never meant as a statement of hidtorical fact Comment from : @AndrewJohnson-oy8oj |
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US dollars are made of linnen and cotton, not paper Comment from : @ryanbianchi6582 |
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Trade was also very successful due to improvements in preservation Like salted fish for dry corn for example Comment from : @adriank8676 |
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MY PEOPLE HELD INTERNATIONAL CURRENCYAS TRADEOFTEN KIAH UNIVERSE CHILDREN BECAME A POPULAR TRADE Comment from : @pariah-wordsmatter6929 |
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The difference in mic quality between shorts and normal videos is staggering Comment from : @geraldtucker6952 |
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That was a mind game played on people paper can buy gold thats crazy Comment from : @robertdobynes4989 |
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Nah, cash is still king in my eyes Comment from : @kellyshea92 |
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In basic training we used cough drops as money Comment from : @1Ring42 |
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Oil Standard would be the best modern equivalent Currency somewhat are, but should formally be pegged to Oil (If EVs ever work out, RIP banks) Comment from : @paulblichmann2791 |
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Get paid in money literally worth gold Pay your workers in money worth less than half that Tell them they got a great deal 😜🤣🤣🤣 Comment from : @paulblichmann2791 |
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Plot twist: that underwater stone for Yap does not exist Comment from : @somegenericscpnu-7soldier270 |
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Is this Patchman? Comment from : @raymondobeukes3624 |
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एश्वर्या खूप सुंदर video zala aahe Thank so much tu aamhala बोलवले khup chan vatle❤ Comment from : @yash-js9lv |
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6:52 : Havok is my favorite member of the X-Men Just sayin' Comment from : @rogermwilcox |
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ITS FABRIC Comment from : @West_Coast_Mainline |
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This overlooks the possibility (if not likelhihood) of role-obligation style production: the shirtmaker makes shirts for everyone, so no one ever needs to 'trade' for one, and the shirtmaker doesn't worry about growing food so they can focus on making shirts Modern terminology would call this 'to each according to need, from each according to ability' and that's probably more correct considering the level of specialisation of labor we're talking (somewhat, but nothing remotely like modern specialisations) than it could be today Comment from : @Laeiryn |
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Commodity money still works beautifully It's only a "problem" with mega-international trade and people who want to print unlimited money for their own benefit Modern fiat money is subject to inflation (read: theft of value for the working classes) on a scale and pervasiveness not possible for commodity money Fiat money is also highly unstable and subject to unpredictable ebbs and flows from deflation to hyperinflation The only people fiat money benefits is the capitalist classes Comment from : @Nemo_Anom |
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Fun fact: there are only 15,000 Yapese people in the world, and only about half of them still live on Yap (Look into terrible things the US empire has done to the peoples of Micronesia to understand why) I had a Yapese student last year Her family, although in the US, have several "donuts" (or wheels, as they call them) still on Yap The local Yapese here still use them for small IOUs and loans amongst each other, thousands of miles away from home Comment from : @Nemo_Anom |
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stones have more value than those 1 and zeros that i cannot control myself Comment from : @menajemh |
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In after WW 2 Germany we also used Cigarettes Comment from : @adssadassssdsa3582 |
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bottle caps! Comment from : @hemberger91 |
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The socialists of Extra Credits making people believe that somehow fiat currency is superior to gold Comment from : @SL2797 |
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Kublai Khan (1215-1294)
br Khubilai Khan ordered his scientists to peel the bark of the mulberry tree, which feeds on cocoons, and extract thin strips of paper It was valued by coin marks (1, 5 grades) and certified by the great king's mark, so that the price of gold and precious stones could not be reduced, and it was introduced to every province and village under the Yuan state Comment from : @whyareyoulying |
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3:33 The video uses the words "money" and "currency" interchangeablybrThis is wrong Comment from : @ricardokowalski1579 |
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40°45'475"N 30°03'165"E Comment from : @kenvepopi |
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Alright so I went from oversimplified to fun stories to fun bureaucracy to fun things in science to actually important things to herebrMan, hoi4 opens up so many opportunities Comment from : @Т1000-м1и |
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Weird Comment from : @iron4517 |
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Weirr Comment from : @iron4517 |
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Very interesting, thank you Comment from : @A-B-19301 |
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I think this the seventh time I have rewatched this series Comment from : @zacheecoolz8766 |
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Oh so money comes from trees NOICE! Comment from : @jlninosaga8822 |
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Joe Biden should watch this maybe he could learn why he can’t just keep printing more an more Comment from : @BuddyWhite616 |
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The fact they counted the stone at the bottom of the ocean is awesome Comment from : @BuddyWhite616 |
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WRONG!!! There is ZERO evidence for barter before money There was a GIFT ECONOMY instead and the exchanges were mostly symbolic TIME TO END THOSE LIES Comment from : @ziad_jkhan |
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Theres actually more than enough gold in the world Fiat currencies just oppress the poorer people Comment from : @Hatsuzu |
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ai busse wont comefro another 5 years and subays wont coem fro another 2 years Comment from : @jarrodyuki7081 |
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ai busses wont come for another 5 years and subways wont come for another 2 years Comment from : @jarrodyuki7081 |
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That first part makes me feel useless Comment from : @helpshizi2324 |
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I find it kinda odd that I prefer the videos more about the money and political stuff, like the Irish Potato Famine series, the South Sea Bubble series, and, of course, this one Comment from : @idadood2278 |
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Thanks for Such amazing content Comment from : @zaraarali7491 |
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Money is a curse Comment from : @sarozbagdas5308 |
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Love the smaug reference Comment from : @faizaan2079 |
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ITS COTTON NOT PAPER ITS COTTON NOT PAPER ITS COTTON NOT PAPER ITS COTTON NOT PAPER Comment from : @aGoofyMan669 |
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$ Economics 101 U all get a credit for school after watching this Picks & Shovels must be next ✌️ br 💰 📃 Comment from : @tinklvsme |
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the moral of the story is that he/she (no other) who is capable of producing his/her (no other) own food is the richer person Comment from : @benthk3dprt136 |
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7:57 their outdated gold? There's an entire economic school of thought that disagrees with this statement Comment from : @JimboPresi22 |
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6:41 is what is happening kinda In north korea and i think russia due to war and for being a dictatorist nation Comment from : @stevensannsuerte573 |
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on fridayi was dooing my first economics classabout economic growth and pursutsbrbrfound my self uing infomrmation i learned from this segment so im here to offer my apreciation Comment from : @masibuleleanele5824 |
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Literally the first sunk cost ever Comment from : @kotarouriderblack6118 |
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Be careful, this is not the story of money that anthropologists and historians will tell you Comment from : @LaFacedera |
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The X-Men ref got me good and idk why🤣 Comment from : @TalkingDullahan |
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3:35 the cigarettes are backwards 🚬 Comment from : @jamesweldon8118 |
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and now we have cryptocurrencies if people can make credits out of thin air and need something to represent it, not by gold anymore, not by paper anymore, digital representation Comment from : @ekoi1995 |
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That limestone money was definitely mr krabs dime Comment from : @comicalmushroom4790 |
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The yap stone “dime” has been in Mr Krabs pants for god knows how long now… Comment from : @u121386 |
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Thanks! I love your content I hope you get to offer it in spanish someday soon!! Comment from : @Argastel |
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John 3:16-21 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God 19 And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil 20 For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved 21 But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God Comment from : @christopher9727 |
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