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

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Title	:	The History of Paper Money - Not Just Noodles - Extra History - #2
Lasting	:	7.46
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Views	:	1,9 jt

1:45 Japan? Japan doko desu ka?
Comment from : Vladan Vukovic

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

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

IOUs are basically modern day cheques
Comment from : Shade

The banks basically committed what we called fraud lol 😂
Comment from : GRIND ETHIKS MIXTAPE SHOW

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 Youtube

Im confused in the promissory note part
Comment from : syncradar

2022 anyone?😭
Comment from : 💋 Its me Teanna💅

Fun fact: Japan might still use these coins cause, I have seen Japan's China like coins as my mother and father were in Japan
Comment from : History Jovian

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 : cheezkid26

Thanks!
Comment from : Form Melon

2:06 How was he strangled if he has no neck???
Comment from : Matthew DM

Biden should watch these videos before my paycheck is worth even less
Comment from : MCA 7

0:33 I guess Japan just sunk below the waves
Comment from : ShintoGamer

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

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 : Simoncus

Excellent information
Comment from : DeFi Wallet Tutorials

6:36 son of a gun that's why it's called that
Comment from : Tobias W

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 : Richard Sanchez

hello
Comment from : Chariot requiem

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

I swear I love this channel 😁😁
Comment from : rayan mahamed

Fascinating
Comment from : Connie H

So paper money started out as IOU notes which represent those primitive commodities that was money previously
Comment from : Đầu Tư Bền Vững

Anyone: to get more money just print morebrMe: INFLATION NOOB
Comment from : Fence 03

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

The paper money nowadays is backed by nothing Those promissory notes in our wallets are nothing more than tax anticipation receipts
Comment from : robert smith

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

Do you ever have the problem when you only have a 100 hundred dollar bill when you want to buy a water
Comment from : Shad0w 66

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

"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 : Chris Porter

So wait, did the IOUs that everyone was using in Italy work sort of like checks?
Comment from : K1naku5ana3R1ka

Too many people losing their head in this story😂😂😂😂😂
Comment from : Tengku Amirul Tengku Kudin

Goldsmiths? Rothchilds?
Comment from : Raymond Ready

very cute voiceover😀😀😀😀😀😀
Comment from : UV-Rays* | J Loagaeth | Vesper Gamboa

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 : Sprint Warrior

host of extra history: PERSONA
Comment from : Alfonsina Treneman

Hearing an American say “quid” has just blown my mind
Comment from : Walter Clements

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

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 : Zane Courtney

CharlesI looks like guy fawkes
Comment from : ToastyTastes

China why are they so cool?
Comment from : Van Phung

“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 : Alina Porter

0:46 pokemon go reference
Comment from : Danny Danpinitkul

0:46 Pokemon Go? Is that you?
Comment from : Typical Ukraine

There goes the Swedish Economy I like that one 😂😂😂😂
Comment from : H Roy Chowdhury

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 : Angelabby

Robert of Flanderscoolest dude in history
Comment from : Prajwal Pingali

LETTERS OF CREDIT
Comment from : Eazy Buxafew

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

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

Song at the end?
Comment from : Dan Keats

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

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

Live Chat:br75 TTbr10 Fbr5 emojisbr1 donosbr10 other
Comment from : Jason

2:12 the face is upside down
Comment from : Edelsa Quejada

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 : Pedro Carvalho da Rocha

Japan always has cool stuff smh
Comment from : Karthik Koritala

Was that the Bill of Exchange when u addressed the Italians?
Comment from : P Lo

How do you get strangled if you don’t have a neck
Comment from : Laminator

You Shit on Charles the First ! SHAMEFUL
Comment from : james dalton

F O R E S H A D D O W I N G
Comment from : Bailey_Dreamfoot

Also I think your use of the word "Gold-smith" instead of what they were commonly referred to is interesting
Comment from : Livia

I think you forgot the part where the "Gold-Smiths" started printing these receipts and spending them all over town
Comment from : Livia

nice crusade pun
Comment from : Filip Manov

1:46 what happened to Japan ?
Comment from : kleiner Dodo

The guy buying vegetables with his 1 pound receipts looked so happy You go vegetable guy
Comment from : Coldandghostly

1:43 RIP Japan
Comment from : Itz Cas

Was Gaykhatu really hanged like that!?!
Comment from : Emmy Broz Mania

Printing money: Globally accepted Ponzi Scheme
Comment from : lolipedofin

Good video Your map of East Asia is missing an island btwthe island that would become modern day Japan
Comment from : David Lam

Must be Walpole in the next episode
Comment from : sjonnie playfull

I think you sadly missed out on the split tally stick Pieces of notched wood with a natural grain pattern that could not be replicated were used to record debts Later people realized that you could take this stick proving you are owed £10 and circulate it as money This is also where stocks and stockholder comes from, as the larger piece of the split tally was known as the stock
Comment from : soylentgreenb

Hey guys
Comment from : Ben Gentry

p h e n o m e n a l
Comment from : The Comprehension Hub

2:50 OK HOW IN HELL THAT'S MY NAME
Comment from : greg

Alchemy is turning lead into gold and Scam is turning paper into Gold
Comment from : Pfsif

That’s weird China invented paper money like this but it’s now communist
Comment from : F14 tomcat A

Hi
Comment from : Sylvia Schultz

The last part is the reason why countries collapse into economic crisis when the rich take their money from banks lmao
Comment from : Ld Alexandrite

What if the town has no banks?brb*x files theme plays*/b
Comment from : Joseph

Where I can find the sources of the Information that video depends on ?
Comment from : Hady Harb

a youtube video about the invention of paper money and banking, where the hell is the antisemitism ?!
Comment from : Data Not Found

0:27 kurzgesagt theme
Comment from : MASOL

Anyone know where I can find a good video on the history of financial regulation?brI don't think the Chinese paper money system would have worked without the Three Departments and Six Ministries (三省六部) system in placebrHow did the Bank of England arise from the goldsmiths and merchants referenced in the video?
Comment from : Patrick Staight

Why let an accidental invention get in the way of a good crusade?
Comment from : Roy D Lao

who moved the chairs that quickly
Comment from : Vicki Sharp

Tardis spotted
Comment from : mcgames

So, "lending out the money that you don't have" is the central definition of "fractional reserve banking"?
Comment from : Crypto Masterclass Suite Blvd (CMSB)