The History of Money: Barter, Fiat and Bitcoin

Money has evolved over time from bartering to the use of coins, paper, and digital transactions. Early forms of it included livestock, which then gave way to the use of precious metals like gold and silver. Paper currency was first introduced in China in the 7th century and then banks emerged. Today, some people start to use digital currencies like Bitcoin. But what is money and how did it come about?

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COLLABORATORS
Script: Jonas Koblin and Karl Von Luckwald
Artist: Pascal Gaggelli
Voice: Mithril
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Production: Selina Bador
Sound Design: Miguel Ojeda
Fact Checking: Ludovico Saint Amour di Chanaz

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DIG DEEPER with these top videos, games and resources:
Learn more about barter
https://www.theatlantic.com/business/archive/2016/02/barter-society-myth/471051/

Watch this video about the first 5000 years of debt
https://www.youtube.com/watch?v=CZIINXhGDcs

Learn more about Bitcoin and about mining bitcoin
https://en.wikipedia.org/wiki/Bitcoin
https://en.wikipedia.org/wiki/Bitcoin_network#Mining

Learn about the Gold Standard
https://en.wikipedia.org/wiki/Gold_standard

Learn about the difference between money and wealth
https://www.thewisdompost.com/money/difference-wealth-money-answered/1607

SOURCES
https://en.wikipedia.org/wiki/Barter
https://en.wikipedia.org/wiki/Money
https://en.wikipedia.org/wiki/Fiat_money
https://en.wikipedia.org/wiki/Cryptocurrency

CLASSROOM ACTIVITY
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CHAPTER
00:00 Introduction
00:22 Barter system
01:13 First from of money
01:40 Trust
02:13 Fiat Money
03:18 Cryptocurrencies
03:44 What do you think?
05:50 Patrons credits
06:00 Ending

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