Title | : | Why do Ex-British Colonies use Dollars Instead of Pounds? (Short Animated Documentary) |
Lasting | : | 3.30 |
Date of publication | : | |
Views | : | 1,9 jt |
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I hate to be that Self-Righteous American but, the dollar is kinda the perfect currency systembrIt follows the philosophy of KISSbrKeep It Simple Stupid Comment from : Rimfire 82 |
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Australia needs to update to dollaridoos Comment from : Paul Wilson |
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In Australia we have Dollars and Cents as part of decimalisation in 1966 using the units of ten later we adopted the Metric system for weights and measures ditching all the old British Imperial measures New Zealand followed with decimal currency in 1967 Britain did not decimalisation until 1971 and Canada had used the decimal system of currency for a long time prior to Australia Comment from : Chris Holland |
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Money make the world runbrMoney make a woman no funbrMoney make a bad boy brBad boy sling his gunbrDollar dollar dollarbrPound pound poundbrYen yen yenbrDo you have a friend? Comment from : Andrew Love |
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Why does the United States map not include the southernmost part of Arizona? Comment from : David Patt |
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But is there anything fundamentally different between a currency that labels itself as a pound and a currency that labels itself as a dollar?brAustralian here Obviously I grew up with Australian dollars, but even the British pound Stirling is decimalised now, so apart from having a slightly different exchange rate (as all currencies have relative to others) it’s 100 pence to a pound brSo, given that pounds and dollars are both decimalised these days, is the only difference between pounds and dollars the name?brWhy couldn’t Canada or Australia just decimalise their pounds but continue to call them pounds? Comment from : AndoCommando1000 |
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Dollar being a decimal currency is the only simple unit the Americans have come up with Comment from : The Ascendunt |
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RSA not yet!🇿🇦😥 Comment from : suevialania |
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Using the pound make no cents Comment from : somebuddyX |
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You left out Bermuda Comment from : Ratty Woof |
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just wondering, why does hongkong use hongkong dollars? Comment from : Matthew |
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LOL, this makes me wonder how is it that NONE of the units of measure that came out of England ever make any sense 😂 Comment from : Lucio |
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Is it too HEAVY?? to carry in your pocket??? Is that why, dollars are more fun??? 😁 Comment from : ACE BRANDON |
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Canada, Australia, New Zealand and South Africa had long ceased being colonies by the 1950s They had been self governing Dominions within the Empire for many decades A "Dollar" was British slang for a ten shilling note- half the value of a £ When Australia and New Zealand went decimal in the 1960s they didn't adopt the US Dollar They based their new currency on the UK Pound using ten shillings ( a dollar) as the decimal equivalant for their new Dollar, with shilling coins worth 10c in the new currency, two shilling coins (Florins) worth 20c These coins remained in circulation When the UK went decimal in 1971 they kept the the Pound note but made it worth 100 new pence, with a shilling the same as five new pence Again, shillings and Florins remained in circulation until 1990 worth five pence and ten pence In other words in the UK, the number of shillings and new five pence coins in a £ stayed the same The only thing that changed in 1971 was the number of pennies in a £ Down from 240 old pennies to 100 new pennies In Australia and New Zealand Ten Shillings became an Aus or NZ Dollar with an exchange rate exactly 2:1 to the UK Pound and they had to withdraw all the old paper money, invent some new coins and print all new notes, still with the Queen's portrait but denoted as Dollars Comment from : A Campbell |
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The Australian government wanted to call them crowns not dollars but the Australian public did not like it Comment from : WagesOfDestruction |
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It's funny how USA uses a decimal currency yet still uses the old imperial measurement and weight systems of the UK, albeit slightly modified to try and remove themselves from having anything to do with their former rulers Comment from : Garage It Yourself |
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Except for South Sudan and Sudan Comment from : Glass |
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running out of toilet tissues Comment from : BubaC |
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Nobody sane would choose lsd over dollars and cents However, with the re-imperialization movement currently seeking a foothold in the UK, we may end up having to convert back to lsd for the sake of Comment from : tt 321 |
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huh Comment from : trismica |
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So that’s why they got dolleridoos Comment from : Michael Osborn |
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You could tell dollars came from the Spanish currency El talero Comment from : Víctor Terán Castillo |
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bin 2123/bbrWhy did US former colonies dropped the Dollar for the Yuan Comment from : Epsilonsama |
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Nobody died in this one :-(br ("thunk") Comment from : Paramount Technical Consulting LLC |
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Dollar comes "thaler", an extension of the German word for valley; ithal/i When currency was very localised Comment from : WynneBear |
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One thing the USA got right was metric money In New Zealand we were moving to the metric system and it would be a bit silly to be buying and selling things in kilograms, metres and litres and paying in pounds, shillings, pence and whatever the other one was Comment from : Alex Jenner |
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The US used the Spanish dollar because it was more available in the Americas brIt had a cross with an x through it that made it easy to divide into 8 bits hence "pieces of eight"brAmerican change reflects thatbrHalf dollars used to be common Our quarter dollar coin was also known "two bits" A single bit was usually valued at about a tenth rather than an eigth of a dollar so we have our "dime"brWe also have the phrase "being nickeled & dimed" in North America Comment from : MD J |
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It was before I was born here in NZ but I remember mum telling me it was around the same time as adopting the metric system Comment from : Gerard Kean |
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They’re called the dollar But they’re not really the dollar they just have the same name They have completely different values If it was the Australian pound instead of Australian dollar it wouldn’t make a difference Comment from : George Oliver |
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You didn't show the USA as an ex births colony Comment from : Laurens Kop |
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The name of the Australian currency depends on your age "Dollarydoos" for me but Dollar Bucks for my kids Comment from : Hank Jones |
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I can't stand the laundry lists of names at the end of these videos Comment from : EMS |
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“I’m not saying the sun is setting on the British Empire, but let’s just say the restaraunt of history is switching to its dinner menu” John Oliver Comment from : Edwin Kjell Zahn |
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they should have chosen a completely different name to avoid confusion, like quid or austral Comment from : Maurazio |
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0:55 "The dollar had always been a decimal currency What that means is that it's simple" Not if you want to divide by 3 Or 6 And even dividing it by 4 is not that great Comment from : Chris Harrison |
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Hi why sothe indian used rupees and paisa Comment from : Newton Ra |
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It just comes down to a label since none of these currencies have the same value as the US Dollar Perhaps initially they did For that matter, the US Dollar is based on Thaler (Holy Roman Empire Coin) and Dolar (Real - piece of 8) Spanish Dollar which was dominate in trade at the time of the US founding Comment from : Jack Phillips |
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Losing 50 pounds in the US- great! Losing 50 pounds in the UK- devastating Comment from : Chris Goins |
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Fun fact: if the UK became the 51st state of the USA it would be the poorest state in the country if you adjust for PPP Comment from : Noone of Consequence |
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US leading someone into decimal system - that's interesting ;) Comment from : infirmux |
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I remember when I first heard about the currency in Harry Potter and thinking it was crazy because it had different numbers of one thing making up another thing instead of it just being 100 cents to a dollar or something simple like that Turns out the British pound used to be exactly the same as the wizarding currency If anything the old British system was even more confusing than the fictional wizarding one Comment from : Rachelcookie321 |
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Hmmm Interesting 🤔 Comment from : FlawyerLawyer TV 📚 |
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This more explains decimalization more than it does dollars, ie said countries could have just as readily switched to a decimal system alone without calling it "dollars" It's not like having the same name as the US currency made trade any easier Comment from : Ian Wilkinson |
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The signs on this video were hilarious Comment from : Robert Brown |
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it makes sense to me that everybody moved to a decimal system the only mystery to me is why the US has still not fully adopted the metric system Comment from : ttrev007 |
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imagine a rapper from canada flexing pounds Comment from : Kevvvvvv |
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I've always wondered how all the British coins worked together There's more, too, I think What about the crown? Wasn't that a coin at one time? I'm very foggy on British coins (some of my memory is coins mentioned in A Christmas Carol) Also, how do ha'pennies work into that system? Are they still used? I'm also interested in how the coins got their names Comment from : Daniel Kover |
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at 2:22 the map of the continental united states is inaccurate, the gadsen purchase is missing Comment from : Shmoo Smith |
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That explains why the ex colonies adopted decimalisation, but not why they called it dollars and cents Comment from : kkiwi54 |
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Yes, the American $ is simple, but when it comes to measurement Comment from : Jellosquat |
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This video doesn't really make sense because calling your current currency a dollar doesn't make it the same currency as a different nation Comment from : Matt Ahmann |
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hold on I'm now more confused than everbrbrwhat does it mean for a unit of money to be called a dollar? is this not a simple king vs czar vs tsar name-only difference?brbrwhy would callings their money different name cause trade to not be as easy?brbrare all the dollars related in some way I've never heard? Comment from : horsey not a knight |
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The dollars adopted weren't the American dollars though and had different values Other than Canada the other dominions used similar sized coins to the previous British ones - so the sixpence became 5 cents, shilling became 10c and florin 20c It seems the change in name to dollar was due to decimalisation where the dollar was associated with 100 cents The British obviously decided to keep some link to the past after they went decimal by having new pence instance of cents and just keeping the name pound for their basic unit Comment from : Damion Keeling |
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Thanks for making this video, always wondered it but never got to research it ❤ Comment from : Jonathan Nilens |
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So in other words: America The Cold War and America's hatred for the British Crown are the reason why most of England's ex-colonies have dollars instead of pounds Comment from : Robert Summers |
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It is just dollar by name ! Still not american dollar Comment from : christo fat |
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Considering that you tied both your examples were tied to the American dollar, you should have covered the American dollar as the original Basically, you didn't answer the question Comment from : Rex Futuri |
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dollars are morally superior Comment from : David Larson |
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Because ‘Pounds’ are too Heavy!!!!;);) Comment from : Sgt_SLOBBER762 |
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Because they hate the Brits lol😂brI am British and I hate me 😂 Comment from : RYAN Turner |
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Because no colony would want back with London, northern Ireland and Scotland take note Comment from : Graham Fleming |
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Logical Comment from : Vincent Haegebaert |
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A decimal based system makes sense Too bad US too stupid to switch to Metric System Comment from : Alan L Simmons |
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You gotta atleast show Singapore and Hong Kong The financial hubs of Asia Comment from : ARC |
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A GOOD VIDEO! It is succinct and informative - thank you Comment from : mjbucar |
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They just decimalized earlierbrbrAnd The Americans still use the wordbrPenny! Comment from : Eugene Murray |
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It doesnt really answer the question You always say „the dollar“ but they are still their own currencies Why did they not just create their own decimalised pounds? Comment from : deccno |
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Rose by any other name Comment from : Kiwionwing morton |
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I personally think that Australia could have decimalised the Pound, and would have but didn't, for the simple reason that nobody thought of it In the mid 20th Century, a Pound meant shillings and pence; but a Dollar meant 100 cents Therefore, to be Decimal, you had to be Dollar I really think that was the logic Comment from : Tim Granger |
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Too thick to use £ s d Comment from : Phil coxon |
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New Zealand went to the dollar in 1967 Some New Zealanders called it the great Rip off 1 penny would be exchanged for 1 cent But a shilling (12 pennies) would be exchanged for 10cents Not exactly shillings were common and until enough 10c pieces could be produced these were accepted as 10c pieces Comment from : Hine Family |
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Go back & tell someone in the past that coins are made from base metals now Comment from : ccityplanner12 : |
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is that australian mike pence? Comment from : hollywood fats |
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Why does Taiwan uses Dollar ? Comment from : Francis ᜉᜇ̴ᜈ᜔ᜐ̃ᜐ᜔ ᜎ̃ᜆᜈ᜔ Litan |
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The biggest former colony also uses Dollars/ Comment from : Jason Carto |
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2:52 Pre-Gadsden Purchase map there, for some reason Comment from : Rob the Traveler |
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Shows how it's a dog eat dog world Comment from : 0954jamesa1 |
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Pounds are poo, hilarious Comment from : Shaurya Kumar Gautam |
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The US dollar was adopted from the Spanish "Dolar" widely used in the British colonials for trade with Spanish colonies in the Americas prior to independence and striking their own coins This silver coin was often split into quarters hence 25 (25 cents) Also though the US still typically refers to its smallest coin as a penny (hold out from the British) it also was is called the cent ( Also from the Spanish centavos) Hence why many countries are adopting or have adopted the dollar which breaks down into 100 cents or quarters of 25 cents , etc Comment from : J Ortiz |
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Australia changed to the dollar due to the change over to adopting the Metric system and Decimal currency It was a adoption of base 10 100 grams to 1 kilo 1000 metres to a kilometre 100 cents to the $1 Comment from : August Connors |
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Yah cos Uganda uses the shilling Comment from : Robins Philippine Life 🇵🇭 |
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I notice that the US seems to be missing the Gadsden Purchase Comment from : John Yarbrough |
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Because until the late 60’s pounds was batshit crazy Comment from : Gavin |
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Australia used pounds until 1966 Comment from : Simon F |
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You didn’t say that in todays money, 100 pence is equivalent to £1 Comment from : Winter snow Owen |
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They needed to lose a few pounds Comment from : Joan |
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Sorry but japan is not using the dollar Comment from : Daniel |
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Those are not ex colonies, are they still are since Charles is their King Comment from : Christon Ngoveni |
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Robert menzies you cut off our legacy and left us more isolated Comment from : Pete Shields |
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