This misses a key step. People in China had to AGREE THAT THE SHELLS WERE VALUABLE! Without this piece, a person could trade their cow for shells, and then try to use the shells to buy wheat. But what if the wheat dealer does care for shells. In other words, what if the wheat dealer doesn’t find the shells VALUABLE. Without first collectively establishing that shells have value (which is more or less arbitrary) they cannot be used as currency.
Completely false! Bartering was only introduced in 6000 bc by the Phoenicians who later changed it to gold and precious stones. Prior to the invention of currencies, people were living in tribes and shared everything in a collaborative way. Men would hunt or fish for their community, the elderly would educate the young and the women gather fruit and grains to cook for the community and everyone lived an organic, healthy, and happy life... no private property nor poverty as nature was intended. Humanity's problems started with the creation of money...
Lot of historical errors , early civilizations in the middle east and eastern Europe used coins ! Moreover if not mistaken early forum of bank notes were developed in Petra / Jordan !
Where did the gold go? Isn't that the only thing that gives paper or electronic money hold any actual value? I feel your teachers missed a big part of money creation.
+Left Is Right 2015 In modern times money is more symbolic. Since a large group of people recognize a $5 bill as being worth $5 it's worth $5. If everyone saw it as a piece of paper it would be worth as much as a piece of paper. If all of America saw it as being worth $100 it would be worth $100.I feel like your a dumb fuck. Think god damn it.
I never said anything about gold either. I was just responding to the statement "Where did the gold go? Isn't that the only thing that gives paper or electronic money hold any actual value". I was just telling the guy why paper money is valuable. But to answer your question, have you ever wondered why different races from all around the world found gold to be useful thousands of years ago? Not because other people wanted. It doesn't make sense to look in river steams for months or create massive mines and go into them dangerously to get gold if it's just because you think it would be desirable. Instead the ancients would have just used rocks as gold. The reason gold has value is because of it's lustre and its great malleability and resistance to tarnish. This also makes it enjoyable to work and play with. After they found gold for the first time by accident while taking a bath in a stream they realized it's great property's and went back to look for more. Then they found out that it existed underground and they were willing to risk their lives for it or they got slaves to mine it.
John Undefined gold's unique properties,limited supply made it to be universally used as money or medium of exchange making trade,wars possible.Its ability to make men move gives it it's value.
Left Is Right 2015 Till 1971 us dollar was linked to gold with an exchange rate of 35 USD per ounce.After 1971 president Nixon unpegged gold from USD.now currency has value because we people give value to it.we have agreed to trade goods and services in exchange to this fancy paper which once used to be receipt for that gold.
time. we will pay and be payed 'in time' ;) cuz time is money and atm are money machines, so therefore atm's are time machines and we will be able to travel back in time to buy gold with time and get stuck in the past because then there were no atm's and die with time on hand cuz back then people use gold to trade, not time.... cuz.. time... can't belive you read this :)))
I still don't understand one thing,if the ban got 10 gold he could just give paper to people with 10s on them and pretend its money and then the guy at the bank could just get away with all the gold?
What is wrong with you all. Are most of you forgetting one MAJOR FACTOR. Like i don't know "AUTOMATED TECHNOLOGY". Automation is replacing human labor as it always done. Its now possible to remove the need for a MONETARY BASED SYSTEM, BARTER, OR TRADE. Because technology can produce in Abundance faster and create a product of higher Quality. All we truly need is Resources, Automated Production, Distribution Of Those Good, And Recycling. That Exchange of money barter or trade is OUTDATED due to technological advancements.
I'm trying to expand this knowledge I feel like people don't discuss this enough due to being conditioned on "making money" just to live. It has a lot of people blind
Kudos for the video content! Excuse me for butting in, I would love your initial thoughts. Have you ever tried - Riddleagan Best Choice Remedy (search on google)? It is a good one of a kind guide for learning how to use your mind to manifest amazing success in life minus the headache. Ive heard some awesome things about it and my buddy got cool success with it.
The only problem is that the issue on barter rests on nothing but assumptions. There simply isn't any evidence of this evolution of money to be found. It is rather a ideological projection from our time onto the past. For instance, David Graeber writes in his book 'Debt: the first 5000 years that: "The definitive anthropological work on barter, by Caroline Humphrey, of Cambridge, could not be more definitive in it's conclusions: "No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money; all available ethnography suggests that there never has been such a thing."
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
I’m watching this cause of school
Same
Same
Same with me.
same 😩
Same
Excelent way to teach the children what was the money story.
You took me to 9000 bc and gave me an example of swapping "apple" with "DVD" hahah.... Nice
said the same thing lol
Absolutely brilliant summary of the thousands of years in which money has developed to what we know today.
`Who knows what the future will hold?
2020/2021:`CoRoNa ViRuS
Smart
Anyone else watching this because of school?
⬇️
Me
I wonder how teachers even found this
Same 😭
This is a good video I was so happy when I watched this video.
Hey ok
It's really awesome, not really complicated and easy to study. Thanks a lot!
You don't understand how much u now helped me every other video I watched was hopeless but u helped me a lot. THANKS
Hewo
This misses a key step. People in China had to AGREE THAT THE SHELLS WERE VALUABLE! Without this piece, a person could trade their cow for shells, and then try to use the shells to buy wheat. But what if the wheat dealer does care for shells. In other words, what if the wheat dealer doesn’t find the shells VALUABLE. Without first collectively establishing that shells have value (which is more or less arbitrary) they cannot be used as currency.
Which app used for animation
i don't think they had dvds in 9000BC, just saying
Thank You sooo much :) I just explained money 2 my little brother and this helped sooo much:) AMAZING ANIMATION
it do not help me😡😡😡👩🦽
My 7 year old daughter loved this! A great introduction to money :-)
Your early
😡😡😡😡😡😡
true dat..but does anyone know for sure if there is as much gold reserves as the currency in the world?..lol nobody knows..
Really enjoyed watching this video.
Yes
You should do an update in this video to include Bitcoin!
Watching this cuz of school :(
same
Same...
Nice video ! I teach English as a foreing language and I used it with one of my classes ! thanks !
Bruh
foreign
zeitgeist movement is needed
thank you for this it helped me a lot with my deaf students
Why do we even need money anymore?
Exactly
Now, This is 2020!!
i liked the video u should make more!
=)
this vid is very learned me about money
U need to learn English too
@@lauraduff8749 shut up your mouth
stupid
I watched this video 40 times I like this video
Good Thank you for your teaching.
Nice video, thanks for sharing!
All though I don't really like EMS this is really good and helpful 😁
Completely false! Bartering was only introduced in 6000 bc by the Phoenicians who later changed it to gold and precious stones. Prior to the invention of currencies, people were living in tribes and shared everything in a collaborative way. Men would hunt or fish for their community, the elderly would educate the young and the women gather fruit and grains to cook for the community and everyone lived an organic, healthy, and happy life... no private property nor poverty as nature was intended. Humanity's problems started with the creation of money...
I agree humanity problems didn't start til money was invented
DANTE WAS HERE
No lyrics ☹️this is amazing but hard for me
Who else got this vid from their teacher?
Me
I am the teacher
Yes thanks
Lot of historical errors , early civilizations in the middle east and eastern Europe used coins ! Moreover if not mistaken early forum of bank notes were developed in Petra / Jordan !
Shut up nerd
Nice video but add more.
Economical lesson about money
Who knows what the future will hold?
Them thinking of money development
Me thinking of
COVID
When money go off
Hey ok
Don't use music
Iris scanning wouldn't work for people who lost their eye balls
more please
No
I come here and watch this for fun even though I know how money came
*Nice.
I’m just watching this for homeschool
Same lol
Just my opinion
Knowledge is money
Wisdom count it
Understanding shares it
Unity is POWER!
Marco Natal who tf r u
Money is money 💵
Where did the gold go? Isn't that the only thing that gives paper or electronic money hold any actual value?
I feel your teachers missed a big part of money creation.
+Left Is Right 2015 In modern times money is more symbolic. Since a large group of people recognize a $5 bill as being worth $5 it's worth $5. If everyone saw it as a piece of paper it would be worth as much as a piece of paper. If all of America saw it as being worth $100 it would be worth $100.I feel like your a dumb fuck. Think god damn it.
What gives gold its value? It is literally desirable only because other people want it.
I never said anything about gold either. I was just responding to the statement "Where did the gold go? Isn't that the only thing that gives paper or electronic money hold any actual value". I was just telling the guy why paper money is valuable. But to answer your question, have you ever wondered why different races from all around the world found gold to be useful thousands of years ago? Not because other people wanted. It doesn't make sense to look in river steams for months or create massive mines and go into them dangerously to get gold if it's just because you think it would be desirable. Instead the ancients would have just used rocks as gold. The reason gold has value is because of it's lustre and its great malleability and resistance to tarnish. This also makes it enjoyable to work and play with. After they found gold for the first time by accident while taking a bath in a stream they realized it's great property's and went back to look for more. Then they found out that it existed underground and they were willing to risk their lives for it or they got slaves to mine it.
John Undefined gold's unique properties,limited supply made it to be universally used as money or medium of exchange making trade,wars possible.Its ability to make men move gives it it's value.
Left Is Right 2015 Till 1971 us dollar was linked to gold with an exchange rate of 35 USD per ounce.After 1971 president Nixon unpegged gold from USD.now currency has value because we people give value to it.we have agreed to trade goods and services in exchange to this fancy paper which once used to be receipt for that gold.
I'm not here by choice...
this is a real awesome video!
so COOL
nice but need more.....
We at Yohgo think we have solved the problems of using barter by using technology and creating a transport based backstop..
The future will hold very new money and then the old money will get to the museum
And they’re tilting a new security feature of
Illuminati confirmed
Haha why
who watching this in quaratine
and where are the crypto currencies or even cheques
this is my home work this vid is my homework grrrr
same! so dead
tom newby?
It is interesting though
@@wacky6290 i dont remember it was 3 years ago
Nice
This is only half the story
You need to add bitcoin
nice
"Who knows what the future will hold." "👁 Tomorrow." Good message.
But God knows the better , God has the best plans ever. 😉
Good answers!
yes
i had to watch this and i lovvveeeeed it!!!!!!!!!!!!!!
Nobody cares
hi
great video !!
Not true
Xd
It is a cool video.
time. we will pay and be payed 'in time' ;) cuz time is money and atm are money machines, so therefore atm's are time machines and we will be able to travel back in time to buy gold with time and get stuck in the past because then there were no atm's and die with time on hand cuz back then people use gold to trade, not time.... cuz.. time... can't belive you read this :)))
lol
I still don't understand one thing,if the ban got 10 gold he could just give paper to people with 10s on them and pretend its money and then the guy at the bank could just get away with all the gold?
Fun
What is wrong with you all. Are most of you forgetting one MAJOR FACTOR.
Like i don't know "AUTOMATED TECHNOLOGY".
Automation is replacing human labor as it always done. Its now possible to remove the need for a MONETARY BASED SYSTEM, BARTER, OR TRADE.
Because technology can produce in Abundance faster and create a product of higher Quality.
All we truly need is Resources, Automated Production, Distribution Of Those Good, And Recycling.
That Exchange of money barter or trade is OUTDATED due to technological advancements.
I'm trying to expand this knowledge I feel like people don't discuss this enough due to being conditioned on "making money" just to live. It has a lot of people blind
Inaccurate. The barter system was not created by trading food.
awesome!!!
huh?
200 A.D???..in my place india we had coins in 400 B.C...( oldest i ve seen ) i stay near mumbai
Very informational!
I think the word you're after is 'informative'
Paperless
who in 7b is watching this (i'm ali)
Nice vid btw I’m 9
in china they had coins made of of copper way back in the b.c
I know who invented money
So you’re just gonna leave us hangin
nice I loved it
?
I have a 10 pound bill but old
SO LOUD
Money is stupid like we’re in a monopoly game wish it could all disappear 🙃
Good video, but this is NOT the story of money....
Kudos for the video content! Excuse me for butting in, I would love your initial thoughts. Have you ever tried - Riddleagan Best Choice Remedy (search on google)? It is a good one of a kind guide for learning how to use your mind to manifest amazing success in life minus the headache. Ive heard some awesome things about it and my buddy got cool success with it.
Hi
have you done it yourself? Sounds like you didn't. Why do you recommend something that you have not tried? I'm a bit confused here
I know
U mean digital
The only problem is that the issue on barter rests on nothing but assumptions. There simply isn't any evidence of this evolution of money to be found. It is rather a ideological projection from our time onto the past. For instance, David Graeber writes in his book 'Debt: the first 5000 years that:
"The definitive anthropological work on barter, by Caroline Humphrey, of Cambridge, could not be more definitive in it's conclusions: "No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money; all available ethnography suggests that there never has been such a thing."
...
This is my 📚 noooo
tom newby?
Manjusri anyone
bruhh it's much easier .....thanks alot
Bitcoin is the next currency.
Wordd
do you talk?:|
ª
:p
P
funny