The History of Money (From Barter To Bitcoin)

PBS Member Stations rely on viewers like you. To support your local station, go to: http://to.pbs.org/DonateOKAY ↓ More info and sources below ↓ Thanks to IBM Z for supporting PBS. To learn more about the annual student contest, go to https://ibm.co/2nVdMtD . To learn more about IBM Z go to https://ibm.co/2nVagPR Check out or friends from Two Cents for more great videos about money and finance! https://www.youtube.com/channel/UCL8w_A8p8P1HWI3k6PR5Z6w Money. We all use it. But is it real? I mean, you can touch a coin or bill, but who decided that’s worth anything? And what about all those 1’s and 0’s getting swapped and traded by computers thousands of times per second? How are those worth anything? We trace the history of money, from physical barter to bitcoin, and discover that money isn’t just a lie we all agree to share, it’s been built on the back of technology and invention for millennia. References: https://sites.google.com/view/invention-of-money-references/home Special thanks to our Brain Trust Patrons: AlecZero Bob Rosset Brent M. Diego Lombeida ----------- Join us on Patreon! https://patreon.com/itsokaytobesmart Twitter http://www.twitter.com/DrJoeHanson http://www.twitter.com/okaytobesmart Instagram http://www.instagram.com/DrJoeHanson http://www.instagram.com/okaytobesmart Merch https://store.dftba.com/collections/its-okay-to-be-smart Facebook https://www.facebook.com/itsokaytobesmartpbs/