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🗓️ 14 September 2010
⏱️ 14 minutes
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0:00.0 | Thank you for downloading this episode of a history of the world in a hundred objects from BBC Radio 4. |
0:12.0 | If children believe in fairies, it's the famous moment when Peter Pan asks the |
0:17.7 | audience to save Tinkerbell by joining him in believing in fairies. Just say it in your heart. |
0:24.0 | I believe, I believe and clap your hands. |
0:28.0 | And it's an unfailing winner. |
0:30.0 | That ability to convince others to believe in something they can't see but wish to be true is a terrific trick. |
0:38.8 | Take the first paper money. Someone in China printed a value on a piece of paper and asked |
0:45.3 | everyone else to agree with them that that paper was actually worth what it said it |
0:49.6 | was. The paper notes, you could say, like the Darling Children and Peter Pan, were supposed to be as good as gold, |
0:58.0 | or in this case as good as copper, literally worth the number of copper coins printed on the note. |
1:05.4 | The whole modern banking system of paper and credit is built on this one simple act of faith. |
1:11.8 | Paper money is truly one of the revolutionary inventions of |
1:14.9 | human history. Today's object is one of those early paper money notes. The Chinese call them Faye Chien, flying cash, and the object comes |
1:36.6 | from China at the time of the Ming around 1400. I think the right aphorism is that evil was the root of all money. Money was |
1:45.8 | invented in order to get round the problems of trusting other individuals, but then |
1:51.6 | the question is could you trust the person who issued the money? |
1:55.0 | Here's a note that has managed it in some sense to stay in circulation for over six centuries. |
2:01.0 | It's extraordinary. |
2:05.0 | A history of the world in a hundred objects. Ming Bank Note, note in China, between 1375 and 1425. This week we're circling the world in empires around 5 600 years ago before anybody had in fact physically circled the world. |
2:46.0 | They did know though what made it go round. |
2:48.8 | Money and trade were the great drivers of wealth then as now and they were essential to the building of |
2:54.3 | empires. Most of the world until this point was exchanging money in coins of |
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