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The History of Money: Barter, Fiat and Bitcoin

Learn about the bitcoin, fiat through history of money, in this 4:39 minute long video lesson. Money has evolved over time from bartering to the use of coins, paper, and digital transactions. Early forms of it included livestock, which then gave way to the use of precious metals like gold and silver. Paper currency was first introduced in China in the 7th century and then banks emerged. Today, some people start to use digital currencies like Bitcoin. But what is money and how did it come about? SUPPORT us to make more economics videos! 🐦:   / sprouts   DOWNLOAD video without ads and background music 🤫: https://sproutsschools.com/video-less... SIGN UP to our mailing list and never miss a new video from us 🔔: http://eepurl.com/dNU4BQ SOURCES and teaching resources 🎓: https://sproutsschools.com/the-histor... VISIT our website 🌐: https://www.sproutsschools.com CONTRIBUTE by upvoting your favorite topic or suggesting new ones☑️ : https://sprouts.featureupvote.com/ THANKS to our patrons This video was made with the support of our Patrons: Adam Berry, Alex Rodriguez, Andrea Basillio Rava, Angela, ArkiTechy, Artur, azad bel, Badrah, Bernd Gaertner, Cedric.Wang, Daniele Diniz, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Izzy, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, jun omar ebdane, Khadijah Sellers, Leonel, Linda Kinkead, Linus Linderoth, Lucia Simone Winston, Marcel, María, martin, Mathis Nu, Mezes.Macko, Michael Paradis, Mindozone, Natalie O’Brien, Nick Valerio, Nicki, Okan Elibol, Oweeda Newton, Peter Bishop, Povilas Ambrasas, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Takashi HIROSE, Thomas Aschan, Tristan Scifo, Victor Paweletz, Yassine Hamza, Yvonne Clapham and all the others.Thank you! To join them visit www.patreon.com/sprouts COLLABORATORS Script: Jonas Koblin and Karl Von Luckwald Artist: Pascal Gaggelli Voice: Mithril Coloring: Nalin Editing: Peera Lertsukittipongsa Production: Selina Bador Sound Design: Miguel Ojeda Fact Checking: Ludovico Saint Amour di Chanaz SOUNDTRACKS Toys Day Out - Shaun Frearson Guilty Pleasures - Olive Musique DIG DEEPER with these top videos, games and resources: Learn more about barter https://www.theatlantic.com/business/... Watch this video about the first 5000 years of debt    • Debt: The First 5,000 Years | David Graebe...   Learn more about Bitcoin and about mining bitcoin https://en.wikipedia.org/wiki/Bitcoin https://en.wikipedia.org/wiki/Bitcoin... Learn about the Gold Standard https://en.wikipedia.org/wiki/Gold_st... Learn about the difference between money and wealth https://www.thewisdompost.com/money/d... SOURCES https://en.wikipedia.org/wiki/Barter https://en.wikipedia.org/wiki/Money https://en.wikipedia.org/wiki/Fiat_money https://en.wikipedia.org/wiki/Cryptoc... CLASSROOM ACTIVITY Visit our website to find suggested activity on this topic! CHAPTER 00:00 Introduction 00:22 Barter system 01:13 First from of money 01:40 Trust 02:13 Fiat Money 03:18 Cryptocurrencies 03:44 What do you think? 05:50 Patrons credits 06:00 Ending #sproutsschools #economics #money #history #trade #cryptocurrencies #bitcoin