Where Does Money Come From - Origin Story of Money
More than 2,700 years after their initial development, coins are still everywhere and even take on political significance.
Each country has its own design for money, which is a sign of the enduring significance of the medium.
The question is, where did this custom originate, why did currency begin to be minted, and were the past uses of money too far removed from today's
#history #money #coins
Each country has its own design for money, which is a sign of the enduring significance of the medium.
The question is, where did this custom originate, why did currency begin to be minted, and were the past uses of money too far removed from today's
#history #money #coins
Transcript
00:01A mighty gentleman is Mr. Money, as Spanish
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined4
undefined:undefined
00:23The question is, where did this custom originate,
00:27why did currency begin to be minted, and were the
undefined:undefined7
undefined:undefined
undefined:undefinedused as a valid medium for the exchange of goods.
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined10
undefined:undefined
undefined:undefinedcurator of Greek coins at the British Museum
01:26who has received a two-million-euro grant from
undefined:undefined7
undefined:undefined
undefined:undefinedelectrum. Its face value was one third of
01:45a “stater”, a Greek measure adopted
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined
undefined:undefinedof the coins of about 336 cities,
02:00four empires, 60 kingdoms and about 50 independent
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined
undefined:undefineddata will allow a detailed mapping of the
02:20movement of money over time, allowing us
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined23
undefined:undefined
02:35More than 2,700 years after their initial
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined26
undefined:undefined
02:52Andrew Meadows concludes. "Even in the days
undefined:undefined00:00:07,920 --> 00:00:10,160
undefined:undefined29
undefined:undefined