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The History of Paper Money - Not Just Noodles - Extra History - Part 2

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Those Chinese good luck coins are on sale on eBay for basically nothing
Comment from : @userMartinbv95

only now i understand why the paper money have that name bank-note only after i have watch this video for 3 times
Comment from : @edoardo11211

Gregorio was a cool dude
Comment from : @TadashiKitsune

Thank you all so much for making these videos! I am relearning history that I had forgotten in school and learning even more new- to- me knowledge that I didn't have previously! Again, thank you so much!
Comment from : @RosemaryComicFan-br6ri

My mind is blown
Comment from : @aKalishnacough

Ok
Comment from : @luisduron2722

Duh 💵💴💶💷💶💴💵💰💳🪙🧾
Comment from : @dahliakamaruddin1043

The first paper money must have seemed like cryptocurrency today
Comment from : @mb3928

6:05 "I" before "E" biexcept/i/b after "C"
Comment from : @DouglasGross6022

"Needless to say" he was promptly strangled with a bowstring I'm pretty certain you had to say that
Comment from : @TexasTimeLord

5:18 What is going on with those shoes 👟
Comment from : @carlsoll

Once again we thank the Chinese for something we have today
Comment from : @WilliamSchmidNetwork

What is the song in the end?
Comment from : @xavisimons392

That King that just took everybody’s money is what the gangs are doing in Lebanon today
Comment from : @RodiHoualla

4:04
Comment from : @bugsinthevault2718

Meanwhile in Korea, The adaptation of paper money brought Inflation, and the debasing of currency was so severed it caused a revolution to change the dynasty They banned all commerce activities abroad and centralize government and no I'm not talking about North Korea It's Joseon
Comment from : @birdy0090

0:34: 💰 마르코 폴로의 책 '마르코 폴로의 여행'은 고대 중국에서 나무 껍질로 만든 종이를 돈으로 사용하는 아이디어를 인기있게 만들었습니다br엽전을 줄에 묶어 사용하다, 거래가 커짐에 따라 종이 돈으로 변화 br2:34: 💰 이탈리아 중세 상인들은 상품을 거래하고 큰 현금을 운반하지 않기 위해 약속어음을 사용했으며, 은행은 액면가보다 적은 가격으로 어음을 구입했습니다br(비디오에 나오진 않았지만 아랍 상인들이 거래하던 방식) br5:21: ! 금세공업자가 은행으로 진화하며 돈을 보관하고 대출하는 역할에 대해 논의합니다 brbr골드스미스는 상인과 세공인으로 시작하여 보관 및 대출 서비스를 제공함으로써 은행으로 진화br영수증으로 돈의 쉬운 이동이 가능, 화폐 형태로 사용됨br가진 것보다 많은 돈을 빌려줄 수 있게 됨 부분지급준비금 은행업의 시작 통화량이 급증
Comment from : @birdy0090

Holdon, theres only 4 likes for a video with 19 million views
Comment from : @alexanderfortner1062

The original interest rate was NEGATIVE So when that happens again, "Perfectly Historical"
Comment from : @paulblichmann2791

"He was promptly strangled with a bowstring"brDid you hear that, Janet Yelen?
Comment from : @paulblichmann2791

IOUs are basically modern day cheques
Comment from : @shade5554

The banks basically committed what we called fraud lol 😂
Comment from : @GRINDETHIKSMIXTAPESHOW

Love that version of Simple Gifts at the end
Comment from : @Felitaur

This channel is the like if you put half the good capabilities of the entire youtube into one place
Comment from : @Т1000-м1и

Im confused in the promissory note part
Comment from : @syncradar

2022 anyone?😭
Comment from : @teamoo16

1:02 The first checks
Comment from : @Rainok

"Needless to say, his head was promptly separated from his body"brthat is a fantastic way to put it
Comment from : @cheezkid2689

2:06 How was he strangled if he has no neck???
Comment from : @cerealdm

Biden should watch these videos before my paycheck is worth even less
Comment from : @mca7983

Umm, quick question Basically for every paper money I hold, I have about the same amount of gold in the bank right?
Comment from : @abdurrahman363

Before 1200s China (Song Dynasty) already had the agency similar to central bank and associated with top 16 “banks” to print and accept notes And also Futures and company share notes invented at that moment already I do think your explanation has too much focused on the western development after 400 years afterwards Plz be responsible
Comment from : @xeyonyu503

Excellent information
Comment from : @defiwallettutorials9464

6:36 son of a gun that's why it's called that
Comment from : @AaronCorr

4:38 the previous point is very comparable to the stone under the ocean from the last episode The IOU's become money, what's exchanged, and the owner of what the IOU's represent is recorded by the banks
Comment from : @Dead_Shoulders

Didnt the templars invent international banking during one of the crusades?
Comment from : @richardsanchez9190

hello
Comment from : @chariotrequiem6552

The low bank minimally peel because timer intradurally rescue atop a steady cork known, imperfect low
Comment from : @kelseymadison4049

I swear I love this channel 😁😁
Comment from : @rayanmahamed4873

Fascinating
Comment from : @Corndadthepop

So paper money started out as IOU notes which represent those primitive commodities that was money previously
Comment from : @personal_finance_au

Anyone: to get more money just print morebrMe: INFLATION NOOB
Comment from : @fence03

Wait did he just say Britain was a little Island to the off the coast of Italy?
Comment from : @anonbefallen4807

The paper money nowadays is backed by nothing Those promissory notes in our wallets are nothing more than tax anticipation receipts
Comment from : @robertsmith-cj6gl

"That's as good as money, Sir those are IOU's" 20th Century Western Philanthropist Lloyd Christmas
Comment from : @Patrick-ud3vu

Do you ever have the problem when you only have a 100 hundred dollar bill when you want to buy a water
Comment from : @J-McCarty-Farms

"I o u one fat dolar, babe"br -Gengis Khan
Comment from : @eethannnn

"Let's move halfway across the continent to a little island hanging off of Italy's side"brWhich Island? Sardinia? Corsica? Sicily?br"England"brOh Wait, that's near Italy?!
Comment from : @c182SkylaneRG

The story of promissory notes came from the Middle East originally
Comment from : @chrisporter9397

So wait, did the IOUs that everyone was using in Italy work sort of like checks?
Comment from : @KnakuanaRka

Too many people losing their head in this story😂😂😂😂😂
Comment from : @tengkuamirultengkukudin7438

Goldsmiths? Rothchilds?
Comment from : @raymondready7496

very cute voiceover😀😀😀😀😀😀
Comment from : @jloagaeth

Whenever we learn about poverty in class everyone asks why they don’t just print more money and I always have to explain it to them
Comment from : @sprintwarrior18

host of extra history: PERSONA
Comment from : @alfonsinatreneman7198

Hearing an American say “quid” has just blown my mind
Comment from : @rileydavies3517

Bitcoin is coming Stack those sats before we switch over to a Bitcoin Standard
Comment from : @Aaron-qw2xs

1:45 demonstrates that government is NOT responsible for creating wealth OR commerce The mutual agreement between private institutions like banks as well as individuals lead to the innovation of mutually beneficial currency Just because the government starts doing something doesn’t automatically make it “real” or “legitimate”
Comment from : @ZanethMedia

CharlesI looks like guy fawkes
Comment from : @ToastyTastes

China why are they so cool?
Comment from : @vanphung7270

“Got in on it and just let u take out notes from the bank its self if u had the money to cover deposits” what are deposits? Is it like credit?
Comment from : @alinaporter3846

0:46 pokemon go reference
Comment from : @DanTutorial

0:46 Pokemon Go? Is that you?
Comment from : @TypicalUkraine_

There goes the Swedish Economy I like that one 😂😂😂😂
Comment from : @hroychowdhury6026

they forgot to say that the reason paper money was rampant in the song dynasty, its because their economy grew so big, that there is just isn't enough gold or silver, so the government issue the official paper money
Comment from : @angelabby2379

Robert of Flanderscoolest dude in history
Comment from : @prajwalpingali

LETTERS OF CREDIT
Comment from : @eazybuxafew

Notice how nine if this paper money exists today
Comment from : @shibuyasnobody9279

You could during quarantine probably use toilet paper s currency cause of scarcity
Comment from : @GoldenTNT

Song at the end?
Comment from : @Pickledsundae

so money is basically just a certain promised value that is not yet realized and in some cases never even is realized ?
Comment from : @garaktartv3647

Ah yes, is that chapter title the oldest clickbait ever?
Comment from : @taufiqutomo

Live Chat:br75 TTbr10 Fbr5 emojisbr1 donosbr10 other
Comment from : @jason7018

2:12 the face is upside down
Comment from : @edelsaquejada4401

5:10 a Brasilian president did this, except we didn’t decapitate him, we elected him governor- after impeachment, and the money? Never returned
Comment from : @pedrocarvalhodarocha6947