Six Historically True Facts about Money

The video explores the history and evolution of money, from gold and barter systems to paper currency and credit. It discusses the chemical properties that made gold a preferred currency, debunks the myth of simple barter economies, and explains the introduction of paper money during the US Civil War. The impact of the gold standard on the Great Depression is analyzed, and the video concludes with a look at how paper currency can store germs. The video highlights the societal changes that have influenced financial systems over time.

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