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Hello and welcome to another episode of the Oddlots podcast. I'm Tracy Allowett and I'm Joe Wyzenthal.

Joe, do you remember the episode we did with Stuart Butterfield the founder of Slack?

I do. Great episode, software tech. I like when we have tech and software episodes that aren't about just like the markets but like how technology actually works.

How it actually functions. Yes. All right. Well, that's a good jumping off point because there was a moment in that episode where I think it was Stuart asked a very interesting question which is he basically said he had no idea how banking worked before the advent of computers.

I'm glad he said that because I have no idea either and when I you know when I think about money and by this point we all sort of know like oh like money is it's a database entry right.

Well, that makes very a lot of sense to me at a world of Excel. But how did like database work? How did money as a database creation work before database?

Well, that's exactly it because nowadays I think money is almost synonymous with an electronic database like that's basically what it is at this point.

Of course, for hundreds and hundreds of years, we did not have things like Excel spreadsheets. So how did banking and finance and trade actually work in those conditions?

Yeah. And like I just don't understand how like people traded stocks or people went into a bank and said I want to get my money or without like how was he not just like always losing track of how much money people had?

How are they always not just like forgetting? Oh, you bought that stock. Like I'd pen and paper like type like in my mind they must have been losing track of stuff all the time.

I think I said this in the steward episode, but there were a lot of bank failures. There were a lot of trading blow up. So maybe they, you know, maybe the lack of technology was actually bad.

But we do actually have the perfect guess to discuss this topic. We are going to be speaking with Anne Murphy. She is a professor of history and executive dean over at the University of Port Smith.

She just wrote a new book. It's called Virtuous Bankers a day in the life of the 18th century Bank of England. So the perfect person to talk about pre computerized bank.

We're also going to be speaking. This is a double feature. We're going to be speaking with John Handel postdoctoral fellow at the Mac entire school of commerce at the University of Virginia.

He's written a lot about trade and technology in the 1800s early 1900s. So we're going to take a journey through the history of finance.

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