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The Strange History of Money in America

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One of our reproduction coin sets wwwtownsendsus/products/british-coin-co514-p-213
Comment from : @townsends

What I get from this is Massachusetts has been spending more money than they can bring in since the 1600’s Looks like it’s spread to the federal government too
Comment from : @porkchop23

Wow! You hit this one out of the park 😂 sooooo interesting 🤔😇
Comment from : @rw3423

Thanks, great video 😊
Comment from : @quinntheeskimooutdoors6234

The old paper money looks really pretty
Comment from : @riversellars-nelson7387

The only reason banknotes have value is the trust in others and the agreement that it's worth something and the belief in the goverments promise that they will exchange that banknote for somethingbrIf all that disapears the banknotes are barely worth the cloth/paper it's printed on and we might as well use bottle caps
Comment from : @mikkelnpetersen

i love your catalog you should put together a set of dollar sized colonial coins ill buy
Comment from : @michaellester6839

No use for coinage sounds like Communism
Comment from : @runfayalife

Had so many light bulb moments of terms/words/processes This was amazingly educational and every middle/hs student in the USA should watch this Seriously
Comment from : @markw5805

A common item to facilitate trade That is what money should be, nothing more Debt based currency creation that we have is a black hole that serves a few and enslaves the rest I still prefer barter
Comment from : @zapcos80

Being an older Brit I remember some of these coin still in circulation in the 1960s There were some odd ones as well such as a ‘Thruppence’- a 3 pence coin and the Florin - 2 shilling coin
Comment from : @wozza59

Who clipped the coins?
Comment from : @snakeplisken2123

Glass beads were also used as money in Virginia because they were reasonably uniform and compact and they could be traded with Indians in a manner similar to wampum However, while colonists manufactured wampum themselves (leading to it becoming devalued), glass beads were largely imported from England These were used for a few decades before tobacco money came to dominate
Comment from : @EebstertheGreat

Truth
Comment from : @shannon-zw6yg

Booklets
Comment from : @shannon-zw6yg

Va librarian working manuals set it out right nowadays
Comment from : @shannon-zw6yg

I collect coins and i own quite a few of these coins
Comment from : @Atomic-Purple-Guy

I have been wondering how a person from England in the Regency Era (after the war of 1812) would have traveled with and what kind of currency they'd use Would they bring a trunk full of money with them? How would that work?
Comment from : @psychedelikat

I got my hands on an original 1760 HIBERNIA halfpenny yesterday A fantastic piece of our early history
Comment from : @babyinuyasha

❤
Comment from : @BinitaPun-vf8hw

Fake money is paper money
Comment from : @outdooraddventure

((( counterfeiter's)))
Comment from : @seanisdemiurge3274

Dude That was amazing Made me feel good to see someone taking a real look at money as a finance guy and not just trying to get rich and blame others brbrYou're right We should be hopeful Let's find out what happens
Comment from : @markklatt1670

When they started paper money in Massachusetts someone surely got their head kicked in Lol 😂
Comment from : @outdooraddventure

32:00 Even Silver & Coppola got scarced sometimesbrHence, the Birth of paper money-- the Bank note !!
Comment from : @komolkovathana8568

God Bless FDR
Comment from : @JavaoftheLava

Something about having a chest full of coins as a physical representation of one’s efforts just feels better to me
Comment from : @RealBelisariusCawl

Hmm Paper money that depreciates in value Sound familiar?
Comment from : @THEARTOFRIFLERY

Were do you get your clothes, or do you make them yourself???
Comment from : @Nørt-Flüskers

Gold has actually value What's hard to understand about keeping money in your own country?
Comment from : @jamesofallthings3684

OMG did he buy this shirt from Seinfield?
Comment from : @DeepdivePTP

Good explanation of why government came up with the idea of fiat money Essentially, they were generating inflation, creating money that was worth less and less The gold standard is the most sensible basis for money
Comment from : @RobertR3750

The British pound is called that because it was originally the value of one pound of sterling silver
Comment from : @RobertR3750

It's things like this that makes you wonder how things would have turned out if the politicians at London weren't go hostile towards their colonies with all these restrictions Initially, the revolutionaries didn't want independence, they wanted equal treatment How would things have turned if the politicians in London agreed to that and treated the colonies as an integral part of the United Kingdom It's an interesting thought
Comment from : @boilingwateronthestove

Look at that arab with his scales at 19:30!!
Comment from : @williamwilliam5066

Bitcoin is the future of money
Comment from : @hunterterrell9930

Cash is king
Comment from : @Logan0o

"But I don't wanna be a pirate!"
Comment from : @LukeCleland

Gimmie my money NOW!!!
Comment from : @why67152

Money should be a tangible commodity that doesn't rot or wither away, so metals have always been a good medium of exchange Gold, silver and copper have value and can be utilized They are useful If you need the metal to make something, they can be melted and made into something you might need
Comment from : @lamarravery4094

Bitcoin? Please, no I say Tulip bulb coins except you can actually hold a tulip, lol But $52k for a bitcoin? You can buy a car with that Really? Bitcoin is not worth $52k Maybe 52 cents?
Comment from : @lamarravery4094

"Like today, you may get a discount for cash" A mere two years after the video date, the situation is reversed
Comment from : @VintageLifeCars

Massachussetts and paper moneythe folks of Massachussetts never learned their lesson I reckon
Comment from : @plucknpick6414

Wonderful presentaion I collected several British coins, and others, that showed lack of availability of money in general, and economic condition also One 1749 Half Penny worn down showing it's handling Another Half Penny, 1775 has clipped edges showing how coins were clipped inflating currency My ancestor Joseph Jenks made the dies for the Pine Tree Shilling!! At the Saugus Iron Works, Mass
Comment from : @plucknpick6414

Makes me appreciate my modern bullion coins a whole lot more learning all of this , superb video!
Comment from : @platinumgnome3887

Bitcoin appears to be the most interesting digital pyramid scheme
Comment from : @copperbones7336

》profbrunotsouza 》(👂)
Comment from : @brunosouza2918

Paper money Nothing is as permanent as a temporary solution
Comment from : @Zyo117

At least 19 states are working on making gold and silver legal tender this year 2024, so states have already done it This is to counter the central bank digital currency (CBDC) which will be a taranical control system
Comment from : @JohnDoe-zl6ph

more interesting is the coinage that required the "stamp" of monarchy Venice and the trade routes comes to mind Don't accept gold accept without legal stamp from monarch
Comment from : @uuubeut

My best friend of decades is a blond haired italian His nickname in high-school was the "Golden Guinea"
Comment from : @finnmcginn9931

I wonder why real money isn't taught, post 1971? 🤔
Comment from : @VintageLifeCars

I imagine the reason it was illegal to trade the money that was actually silver, but it was okay for token money ie copper to go, is because there used to be a huge trades especially in late Medieval time or taking silver out of the UK and taking it to other countries and selling it at a profit, as the worth of silver was different between the those nations, this became a huge issue As it meant it was harder to get certain types of coinage due to this
Comment from : @Alex-cw3rz

That’s why the coin is called “peso” because it means weight, one criteria they used for it’s worth
Comment from : @mrperfect2852

I’ve no need of a chair A chicken I could use, but I’d like it already dressed My HOA won’t take kindly to my butchering, draining, scalding, plucking, etc on my patio Let me just pay you in money! Or maybe exchange for a frozen salmon caught by my ex bro in-law?
Comment from : @mariekatherine5238

Humans are complicated so our money is complicated
Comment from : @mariekatherine5238

The strangest part is why we ever allowed a central bank and went off the gold standard
Comment from : @jfangm

We don't use money everyday In the US, money disapeared in 1964 We use currency, which is completelly different
Comment from : @Calendyr

History is as much about learning major events as it is learning about the life of the times I adore studies about little things like coinage and money in the Early Colonial Era because it's like the Wild West before the west was really explored
Comment from : @Kite403

So government “printing “ of money is not new, but the same problems remain
Comment from : @bapi6643

Collecting old coins has been a lifelong hobby of mine
Comment from : @michaelgarbett4088

ty for the context of "old" is not "simple" love the content!!
Comment from : @richardtabor8686

Separation of Money and State Decentralization for the win
Comment from : @randallstephens1680

Massachusetts ruining things and creating what’s wrong with the modern world brSounds about right
Comment from : @jonathanwilliams1065

Great video!! This explains why I don’t find any English silver while metal detecting in Massachusetts, only Spanish silver but plenty of English copper going back to the mid to late 1600’s
Comment from : @baystateplugflipper7061

Wampum was never used as money by the natives
Comment from : @jonathanwilliams1065

I remember many years ago reading an essay by Isaac Asimov on looking at an elementary school arithmetic book from around 1790 and comparing it with what students study today Most of the content of the old text involved changing New York dollars to South Carolina dollars or pieces of 8 to shillings, etc This was what folks of that time mainly used arithmetic for
Comment from : @johnwalters1341

Shortage of currency in the American colonies was a key driver of the Revolution Taxes had to be paid in silver, and the colonists were very short of it Also the Crown tried repeatedly to constrain paper currency in the colonies, with disastrous results
Comment from : @davidrodgersNJ

Love this!!
Comment from : @thalpha5148

If I know my Roger Rabbit, 2 pieces of an 8 Reale coin was the standard price for hare removalbrI'll see myself out
Comment from : @TheSteveBoyd

culture and money, the destroyers of common ground, can be used to find common ground -_-
Comment from : @123followtheleader

Robert Breedlove has entered the chat
Comment from : @dreamingwolf8382

You cant reasonably take a percentage of a single cowbrbrThats why money exists You can fraction it and steal some from the people that actually earned it
Comment from : @andrewbrown6522

Surprised you didn't mention the Higley Copper made in Connecticut in the 1730s Higley had a copper mine in Simsbury (now East Granby) It was turned into a prison before the Revolutionary War - Old Newgate Prison which is now a state park and you can tour the mine The Higleys were first stamped "Threepence" but later "Value Me As You Please" as some people didn't recognize its value
Comment from : @stevetalkstoomuch

Wampum was official money for a time in Massachusetts and Connecticut, and were widely used in North New Jersey In the Tappan Patent, documenting the purchase from Natives of a large tract of land in NY and northern NJ, showed the Dutch using wampum, among other goods, to pay the Natives But it appears the natives used wampum for decoration, or to document agreements, not for trading among themselves Wampum was certainly a coin or currency substitute in colonial America
Comment from : @robertewalt7789

The Mexican silver coin, pieces of eight, were used by US traders in the Far East, even into the 20th century My friend’s father, in the US Navy in China before WW2, paid Chinese workers with these coins, but much more in the 16th, 17th, 18th, 19th centuries
Comment from : @robertewalt7789

The guinea was a unit of value when I was a student in London, in 1968 Monthly rent, a business suit, would be quoted in guineas, 21 shillings as he said The most valuable coin was a half crown, 2 shillings, six pence The price of a cheap mealbrbrThe ha’penny was the smallest coin, no farthings But only a few items in the grocery store were quoted with ha’pennies
Comment from : @robertewalt7789

Yea your title of your video is totally misleading you're talking about the money from the UK not the United States!!!!!!!!!!!!!!
Comment from : @Davey-TheDJ

He knows full well it's gold and silver
Comment from : @lonniepope2296

I have coins from the 18th century, spanish, some irish Mexico I have paper money from the US in 1778
Comment from : @krato890

Focus on the years, the years beginning with an I or a j brbrAfter Jesus death we restarted counting the years beginning with an J or an I(i)brbrHystory is a lie Research the 1,000 year gap and orphan trains
Comment from : @dtvivo

Drinking game: take a shot every time he says moneybr(for legal reasons it's a joke, don't drink yourself to death)
Comment from : @10hawell

I love that some historians online are finally breaking away from focusing on superficial history like war and politics and beginning to focus on real history like industry and finance
Comment from : @abramjones9091

I'd rather have lived in that kind of uncertainty than the sickening abominable sin and evil that is going on in America today Hard though that life may have been, I wouldn't have been surrounded by Belial at every turn
Comment from : @gamermanzeake