Money & Debt: Crash Course World History 202
Economy | Information | History | Online | Facts | World | Global | Money
In which John Green teaches about filthy, filthy lucre. Money. And Debt. So, what is money? And what is it for? And why do we use money? And why does it all disappear so quickly after payday? John will look into 75% of these questions, and if he doesn't come up with answers, we'll get into some interesting ideas along the way, at least. This week we'll investigate whether money displaces barter, then leads to war, slavery, and what we think of as civilized social orders. We'll also see what old Adam Smith thinks of big money, no whammies, this week on Crash Course. We'll also talk quite a bit about Debt: The First 5000 Years by David Graeber. You can buy that book here: http://dft.ba/-debt5000 You can directly support Crash Course at https://www.patreon.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Also, if you can afford to pay a little every month, it really helps us to continue producing great content.
Comments
-
Love this channel. Can't believe I'm getting education here on youtube, a place I use only for entertaining purposes.
-
Crash Course needs to do a Crash Course Universe novel.
-
l wish to have translated arabic language .
-
I think ive watched almost all the vids and they are fantastic. would like to see a future one with the percentage of chances of things like ice ages when they next 1 is due, war , economic collapse or recession etc. maths and econ might be able to plot a few interesting charts charts
-
40 barrels of beer? God damn, did you give someone your wife?
-
maybe clean your mac a bit :) I really love CrashCourse, thanks for all the efforts :)
-
Oh yuhhhhh Skyrim boiiiiiii
-
John you deserve a cookie for that
-
An Enchanted staff IS NOT worth the same or more than a Daedric war hammer.
-
Why the heck is There a skyrim character!?
-
Mo' money mo' problems.
-
I saw the thumbnail and my first thought was "FUS RO DAH!"
-
Credit, or forms of a Bill of Exchange ARE Money! This video is mostly understanding that Money is a Symbol of value, but not competely getting that Money is 'Anything used in the settlement of a Debt'. Coins are just one form of money. Most money has been in the form of a Bill of Exchange, these credit papers as described. Search these blogs for more explanation... http://just3rdway.blogspot.com/2014/02/what-is-bill-of-exchange.html
-
Green makes this site. he is brilliant.
-
+CrashCourse
Why does "me from the past" have a wedding ring on when he would not be married? -
Why does "me from the past" have a wedding ring on when he would not be married?
-
Thank you for creating this. I should have learned this but choose not to pay attention. Now 10 years later this has me interested to learn. And I will make sure to recommend this to disinterested students.
-
I agree, money is NOT universally a necessity and largely depends upon a step beyond the family or tribal horizon... once you have trade between larger groups it starts looking very attractive to have an intermediate exchange good so you do not have to barter down everything to equal exchanges whenever you need something... The material doesn't matter, but metal is a pretty tough and persistant material and therefore will keep its shape and any sign of value you've put in it for a long time. And if you use scarcer available but highly seeked after metals like gold you do not even need the other partner to agree to honor your signs, you just deal the weight of gold, silver or bronze your coins have against whatever his city or nation recognizes. with seashells, woven strawmats, burned clay shards with "money" written on them or bullnuts that will not necessarily work out too well for you if you try and get fair value out of a foreign culture for it. ;)
Families or small villages maybe even sparsely settled areas over some stretch can absolutely survive without even using any exchange like a "commune" or Kibbutz or maybe more the basic threory of that. Everybody gives his ability to work and receives a bit of whatever is produced... food, earthenware, wooden tools... cattle or help in building his house.
But if/once you want to trade with a city hundreds of miles away... and maybe it's a kind of cheese and shoes situation, that what you have is not of equal worth to what you'd like to receive back in turn from what they have, how would you keep track or how would it turn out fair in a I wash your back if you scratch my itch kind of way?
And of course "rule" (kings and princes, countries and nations) depended on things like taxes and distribution and coordination of multiple cities and whatnot. War may be a side effect or minor impact, but money should predate any form of standing army, mercenaries or soldiers by profession, first you had just the village people taking up arms in self defense OR to plunder the neighboring village or whatever, that didn't require money as implied. Just look at the stories from the "age of honor warfare"... the legends around the settlement of Rome also tell of how the first legions of IIRC 3*1000 soldiers and 3*100 riders were formed out of the city's male inhabitants to defend if necessary. (And to steal some girls from sabine...) Pretty sure if they got "paid" at all it was in a share of the war booty which in a defensive action obviously would be sparse (mainly whatever weapons and armor you take of your conquered or slain foes and maybe their "supply train" if they brought much of one with them. Oh and before i forget it... slaves from the non victorius soldiers too, probably.) -
soo many skyrim references
-
Was that skyrim?
14m 4sLenght
19804Rating