The History of Money in America

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Information The History of Money in America

Title	:	The History of Money in America
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Special thanks to Hillary and Rick Wagner for their original music contribution to this video ➧ jimsredpantsbandcampcom/brbrSpecial thanks to Caleb Lewis for his original music contribution to this video
Comment from : Townsends

Money is private property which is stolen by government
Comment from : MARK

Learning from ppl like this in this fashion is how grade school should be Not a waste of time going from class to class for the “teacher” to hand out homework so you can teach yourself at home
Comment from : Code4 Dragon

Brilliant and most educational Thanks!!!
Comment from : FOB Whiskey Victor

Always 32 or 33 stars
Comment from : Ronald Daub

The only solution that worked for those (((coin clippers))) was yet another expulsion from the nation Number 110 is urgently overdue in 2023!
Comment from : EgoShredder

Massachusetts when they're getting scolded by Britain all i see is 🤑🤑🤑🤑🤑🤑🤑🤑
Comment from : C Читиич

Money is not a system of exchange money is war (confusion) the word money comes from Juno Moneta The patron deity on the mount in which the Romans minted coins She was the goddess of love but was at War her entire life The word Love means Grief To save us from grief we use Money to Confuse whom we love to think that we have the ability to manifest physical pleasantries beyond any other We use Money to acquire assets others make and claim them for ourselves when in truth we didn’t have the skills to begin with We wish to impress others with these possessions because we are too weak or insecure to stand on our own merit Exchanging using Money is a curse that engulfs anyone who holds into a competition for dominance destroying our innate skills we should have cultivated in the beginning Those who mint money are puppet masters pitting men against men dividing the masses who thirst for love
Comment from : Adam EX

Bitcoin is idiotic I'm a physical gold and silver man
Comment from : Paul Valentine

WAMPUM (Quahog shell beads) was the first "currency" in America It was officially designated as currency by the Massachusetts Bay Company in 1650, when the rates of exchange were formalized But it had been used as currency since 1622 Later, the metal coins replaced currency in America
Comment from : A Jones

If you like this video I recommend Murray Rothbard’s ‘History of Money & Banking in the United States from the colonial period to world war II’
Comment from : JustComments123

Fascinating topic So many different forms of currency So much knowledge I love just binging videos on this channel
Comment from : The Campfire Chef

Silver and Gold reign king over fiat!
Comment from : Keyboard Urbanist

Bring back coins and valuable metals as currency not a fake paper is to be written on not used as trade where's the physical values
Comment from : nugget Nate prospecting

Sir, you are a master Thank you for the privilege
Comment from : Javier Arvelo-Cruz-Santana

Its wild how comprehensibly you explained these complex experiments in monetary policy Your understanding on the subject is really impressive and I'd love to see more video focusing on the economic side of these chaotic times
Comment from : Extremely Moral Steven

"the king was gone from Great Britain" --- a slip there No he wasn't
Comment from : Firefly

Excellent presentation!! Although, today we do have a semi-cashless society Electronic payments require no physical cash and are widely used to pay for almost everything How much money do we have and use that we've never even seen?? But the difference with this over all other systems is that the Federal Government backs those in the same way it does physical currency Credit and debit cards are yet another form of payment the banks use in the same way The credit card networks are so wide-reaching in the world that carrying actual currency is becoming less and less necessary almost everywhere on the globe Checks and other instruments are being replace by credit by bank cards Traveler's Checks are virtually non-existent today
Comment from : William Good

Interesting but he needs to do another video of how money in the USA in 2023 is only banker debt notes No longer is money a means of exchange AND a store of value What was once good is now evil Money has been debauched
Comment from : joy4118

Be e a utiful! 👍
Comment from : Long Lived Coins

subscribed Whoever you are, this is well-produced, well presented, and informative Great job
Comment from : Roddy Pipers Irritated Corneas

Probably the best video on money I have ever seen
Comment from : George Curly

I like the medevil music in there
Comment from : Michael Mohrle

I found this to be both fascinating and informative
Comment from : Thomas Lee Mullins

Enter the Goldbacks
Comment from : Michael Mohrle

300 years of the same oppression and now we are seeing the collapse of the us dollar couldn't even make it passed 500 years before there collapse
Comment from : bøssdøg420

We were a colony basically a company town so no they didn’t want us to be a great economy in fact when they found out we were using colonial script and owed no one for our money and our economy was flourishing they started taxing us to the point of rebellion and fyi the taxation was notched n stamps or yea it was the counterfeiting of our colonial script and this causing inflation and inflation is the taxation without representation that started the American revolution
Comment from : Casey Reed

Silver n gold is the real money of the agespaper is the ghost of moneyn digital is a ghost of a ghost basically
Comment from : juice fx

BITCOIN is the new money
Comment from : Bill Pickford

History of money must involve the Clintons and the Biden’s
Comment from : Winston Smith

Thanks!
Comment from : idan baraness

Coinage>fiat money they keep printing into oblivion hence make everything super high
Comment from : Mr lawton534

Mike maloney makes a good video of what is money
Comment from : Mr lawton534

Crystal-clear exposé of the subject
Comment from : Paul-Andre Gravelle

They wanted the barter system so they could take advantage of the fur traders And as always the retailer made the largest profit from both sides of the trade
Comment from : Mark Tabors sr

So many of my metal detecting bucket list coins
Comment from : Jarrett Nash

this has lots of corelations to cryptocurrency and its possible future
Comment from : gettingoffofwellfare

and thus, inflation was born
Comment from : gettingoffofwellfare

paper is not money--paper is the ghost of money
Comment from : gettingoffofwellfare

There's a youtube show that this guy medal detectes in vermont and here finds old farms from the 18 century and he finds alot of old coins from this century and a lot of sisors and thimber
Comment from : Eddie Boulrice

Yes Back to coinage
Comment from : Duke Fanshawe

Just happened upon this in my recommendations and I have to say it’s fascinating to hear about how money and commerce worked in early America Incidentally, I’ve also been reading up on the topic and Bray Hammond treads over similar stuff with colonial paper money in his first chapter of Banking and Politics in America from the Revolution to the Civil War, going so far as to suggest that British restrictions on the colonies ability to print paper money was one of the grievances that led to the Revolution
Comment from : Sertorius

in 1933 ✡️ took overend of story
Comment from : Rutherford Beehayze

Kinda like today, paper money is crap, silver and gold is the real money
Comment from : UNoBugMe1

Britain didn't have Silver or Gold to make enough coins to circulate in the Colonies It made A LOT of copper coins Spain had South America and all of the Silver and Gold The "Standard" of the Day for higher denominations in America was NOT English coinage - it was Spanish Silver Reales of many denominations that ruled for 100's of years in the Colonies Our Quarter Dollar is based on the Reale or "Dollar" When metal detecting in the States Spanish Colonial money is the Holy Grail for silver coins and not at all uncommon
Comment from : myradioon

Ah I love hearing Gresham's Law explained
Comment from : j hike

Our Constitution still calls for using only gold and silver coinage to pay for debts, both public and private Fiat currency has been a horrible experiment, gone terribly wrong No bitcoin for me, thanks Give me God's money, proven for over five thousand years
Comment from : Mark Carter

Fiat money is theft by printing press
Comment from : William Turney

Moral of the story, buy Bitcoin!
Comment from : Mario Catanese

Great presentation!!🤙
Comment from : Bill Rowan

Worldwide history of money let Judas be the example
Comment from : Walmarty Notc

Boo to shilling for bitcoin It's a scam
Comment from : Mat

There is a war being waged against currency and coins The tyrannical government is us government
Comment from : BobRoy Grumbdy

Spanish never had colonys , they were part of us , UK had
Comment from : Albert

Jews
Comment from : FinnoUgric

Thank a bunch for sharing your knowledge The Hernandez Family Colorado Silverback777 Stay Healthy keep Stacking ❤❤🎉🎉
Comment from : Mike Hernandez

Jon is indeed an excellent story teller He tells the evolution of money in US better than the most of banking and finance professors And this is not an easy subject at all
Comment from : Joon-Hui Yoon

Hmm I wonder, what if you got clever to try and get around the mililng, you try to shave down in the same pattern as the mill
Comment from : sether255

We weren’t allowed to make things here but had to send out our raw materials It’s one of the many things that led up to the Revolution
Comment from : Cecilia Jones

Man i seen tons of this channels content but i somehow missed this one Freakin fascinating!
Comment from : AJP

I was so shocked to learn a government printed paper money and never had the intention of honouring it, I almost fell off my PM stack
Comment from : Pyjamarama

If you want a more serious history of money, look into the juice
Comment from : veelo

This episode sheds light on some coins my father had that I have now
Comment from : Barbara Pesa-Yocum

Hi ya'll from Barbfrom Newport Tennessee
Comment from : Barbara Pesa-Yocum

Corn liquor is the best form of money
Comment from : maemorri

I hit the like button before the video even started, because i know how awesome this channel is Having watched the video, i wish i could hit the like button at least ten more times
Comment from : Paul Semeraro

Brilliant!
Comment from : John Drackett

Townsends i have to tell you, you helped a lot of people get through the Pandemic including myself brbrIts heartening to know that early colonial North America had hard times and even worse times than ours and still came out ahead brbrSo thank you very much I always look forward to your videos
Comment from : Shane Vossepoel

The government writes the first bad checks How funny is this Also interesting, early america was the first government bail out This country seems to have started out with bad business decisions Just food for thought
Comment from : Scott Johnson

Excellent job! I may ask my MBA students to watch this!
Comment from : Heber Farnsworth

Why doesn’t it seem that government can’t learn the basic economic lesson: the more there is of something, the less valuable it is
Comment from : Talosbug

We need to live within our means
Comment from : Wade Mullis

I love how the Native Americans weren't worried about coins/precious metals They simply weren't useful for them, at the time They wanted practical things, clothing and tools I'm glad to have grown up in ND to have learned about Native Americans
Comment from : Gravity

I heard you say "Golden Kitty" coin ❤ We need money featuring cats!
Comment from : Hicknopunk

Great video how times have changed wow
Comment from : oscar caballero

Does anybody know the title and artist for the painting of the bearded man counting coins?
Comment from : Buzz Mooney

Nails were once universally needed and were used as money That's where the 'penny weight' comes in
Comment from : shinobi1kenobi75

Great work I enjoyed this history on money
Comment from : Brian Perry

Fyi bitcoin isn't a thing It's imaginary Thus millions of people losing millions of dollars to investing into a fake thing that doesn't exist And imagine emp boom All that gone You broke Homeless Kaboom boom Don't rely on fake internet trash
Comment from : Bumble Bee

Today a nickel is over $006 and a penny is now worth 70 of a penny but pretty soon due to inflation we won't be able to do pennies and nickels anymorebrOld pre-1982 copper pennies are worth 3cents plus coin value
Comment from : Drew Stead

It's hard to say what it was like prior to the bank of England because the bank of England is so big But in the 1350s a British pound sterling was like 2321 g of gold which would make a shilling 116 g of gold worth $75 today except that peasants used to get paid 1/960th to 120th of a pound for a day's wagesbrOr I heard it said $1,500 worth of gold today would have bought you three cows several hundred years ago but that might still be true in some places today
Comment from : Drew Stead

Fun fact: all paper money systems in history have crashed after hyper inflation ❤
Comment from : MandelaDefect

Any nutmeg in that money?
Comment from : Jeb

Bitcoin or crypto is not secure Any thing on an electronic system can and will be hacked and there is little if anything that can stop it from being hacked Also people will have zero privacy when crypto starts being used because of the electronic trail that it created when used
Comment from : Robert R

One particular aspect of money in the US that I really love, if aspect is the right term lol, is the Mercury DimebrLiterally just a dime printed with the face of winged Liberty, but was confused with Mercury (the god) so much that it took on the name it has nowbrOne of the last mints of dimes made of actual silver if I can remember right, like early to mid 20th centurybrThe cool thing is its impact on folk magic and healingbrBraucherei, also called powwowing but I don't prefer the term, is Pa Dutch folk healing, faith healing, etc and maybe not so much anymore but people used to make little cloth pouches to hang about the neck as a blessing to stay safe, keep away illness, etcbrPeople would put certain things in these pouches and sew them shut, and one of the things people might put in there were little vials of mercury metalbrThe reason being is more or less 'Alchemy'brI mean that literally, this is an influence from Paracelsus on German folk traditions and the dude was obsessed with mercury I'm just thankful people were only hanging them around their necks rather than say drinking thembrAnyways, people began to use these mercury dimes to replace the vials of literal mercury, and that's what I love about them, I just find that so interestingbrbran interesting thing that happened with the Pa Dutch, not sure if all the way back in the 18th century, but was that as many of the Pa Dutch were farmers, they had ready access to their crops but less so to moneybrthe main crop grown for profit was wheat, particularly spelt wheat though I'm unsure if they were growing spelt or normal wheat for sale, which of course has to go through the miller in order to be processed for salebrBecause of this the value was all funneled through these mills, multiples of which were often owned by the same person, resulting in them being quite wealthybrA lot of the times these millers would actually loan out money in times of the year when wheat wasn't being harvested, and many farmers would also do a sorta I-owe-you thing with the miller and take out their payment only later, and this caused the millers to function almost as proto-banks in a way
Comment from : Wilhelm se Leorningcniht

The lure of never ending printing of fiat currency never ends I’m fully behind a gold and silver standard Bitcoin/ crypto is wasteful, it’s insane how much energy is wasted on that stuff
Comment from : Doom

So this paper money is the first version of a silver certificate the us would make later in the 1800s that's wild that in the 1690s they tried the same thing
Comment from : Vincents Antiques and Things

I’ve always found money so interesting Especially in a world of desire more than need or want The marketing industry brainwashed so many people! It’s so interesting watching and learning about how it all got started Money Money Money! I’ve always said, Money is an illusion!
Comment from : Culture reject