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Dan Snow's History Hit

The History of Money

Dan Snow's History Hit

History Hit

History

4.712.9K Ratings

🗓️ 2 November 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

It is said that money makes the world goes round and has done for millennia, but what exactly is money and where does it come from? To find out Dan is joined by Jacob Goldstein, American journalist, writer, podcast host and author of: Money: The True Story of a Made-Up Thing. They explore the concept and form of money from the first coins in the ancient world through the many booms and busts to the invention of stock exchanges, central banks and into the digitised world of today. Through this, we see that money is an ever-evolving concept and Dan and Jacob look at how it may continue to change into the future.

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Transcript

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0:00.0

Hi, buddy. Welcome to Dan Snow's history here. One thing that's particularly fascinating

0:05.8

during this COVID crisis, but frankly, ever since 2008, is what on earth is money? And

0:12.8

if the government and other organisations can print it seemingly without end, why are

0:19.4

we worried about having not enough it? I don't understand. Isn't the great joy of having

0:22.9

a podcast? Is that you can ask some of the world's most intelligent, articulate people,

0:27.9

the questions that pop up into all of our heads? What even is money? Am I talking about

0:34.1

the old fashioned coins and notes in my pocket? Am I talking about the figures on my app

0:39.4

or on my desktop? What is it? Where is it? And given that we spend so much time in our

0:45.2

lives talking and freaking out about it, it's bizarre how few of us can actually define

0:50.7

what it is. Now, someone who can define what it is, is it Jacob Goldstein? He is a legend.

0:56.3

Every year he presented the NPR podcast, Planet Money, a smash hit. He's now doing

1:00.6

lots of exciting projects, but he's also written an amazing book called Money, The True

1:04.8

Story of a Made Up Thing. And we had a great chat. This was enlightening and important,

1:11.7

and I enjoyed it enormously. I could have gone for hours. It'll be glad that I didn't.

1:16.4

If you enjoy listening to his podcast, but we'll do so without the ads, or you want to

1:20.1

access our new Netflix of history, our new digital history channel, where there are hundreds

1:24.3

of documentaries just about history. No aliens, no crazy stuff, just history from the

1:31.3

Stone Age to the nuclear age. You can do say history hit.tv. You just got a history hit.tv.

1:36.4

And then you subscribe to history at TV and you get all of those wonderful advantages

1:40.9

that I've just outlined. So, head over to history hit.tv. You get

1:45.2

third days free. If you begin your trial day, it works ever in the world where you can get

1:49.6

the internet. So, head over to history hit.tv. Join the revolution. But in the meantime,

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