The History of Money: Barter, Fiat and Bitcoin
Channel: Sprouts
Date: 2023-04-06

Learn about the bitcoin, fiat through history of money, in this 4:39 minute long video lesson.
Money has evolved over time from bartering to the use of coins, paper, and digital transactions. Early forms of it included livestock, which then gave way to the use of precious metals like gold and silver. Paper currency was first introduced in China in the 7th century and then banks emerged. Today, some people start to use digital currencies like Bitcoin. But what is money and how did it come about? 

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This video was made with the support of our Patrons: Adam Berry, Alex Rodriguez, Andrea Basillio Rava, Angela, ArkiTechy, Artur, azad bel, Badrah, Bernd Gaertner, Cedric.Wang, Daniele Diniz, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Izzy, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, jun omar ebdane, Khadijah Sellers, Leonel, Linda Kinkead, Linus Linderoth, Lucia Simone Winston,  Marcel, María, martin, Mathis Nu, Mezes.Macko, Michael Paradis, Mindozone, Natalie O’Brien, Nick Valerio, Nicki, Okan Elibol, Oweeda Newton, Peter Bishop, Povilas Ambrasas, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Takashi HIROSE, Thomas Aschan, Tristan Scifo, Victor Paweletz, Yassine Hamza, Yvonne Clapham and all the others.Thank you! To join them visit www.patreon.com/sprouts 

COLLABORATORS 
Script: Jonas Koblin and Karl Von Luckwald
Artist: Pascal Gaggelli
Voice: Mithril
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Production: Selina Bador
Sound Design: Miguel Ojeda
Fact Checking: Ludovico Saint Amour di Chanaz

SOUNDTRACKS
Toys Day Out - Shaun Frearson
Guilty Pleasures - Olive Musique

DIG DEEPER with these top videos, games and resources:
Learn more about barter
https://www.theatlantic.com/business/archive/2016/02/barter-society-myth/471051/

Watch this video about the first 5000 years of debt 
https://www.youtube.com/watch?v=CZIINXhGDcs

Learn more about Bitcoin and about mining bitcoin
https://en.wikipedia.org/wiki/Bitcoin
https://en.wikipedia.org/wiki/Bitcoin_network#Mining

Learn about the Gold Standard 
https://en.wikipedia.org/wiki/Gold_standard

Learn about the difference between money and wealth
https://www.thewisdompost.com/money/difference-wealth-money-answered/1607

SOURCES
https://en.wikipedia.org/wiki/Barter
https://en.wikipedia.org/wiki/Money 
https://en.wikipedia.org/wiki/Fiat_money
https://en.wikipedia.org/wiki/Cryptocurrency

CLASSROOM ACTIVITY
Visit our website to find suggested activity on this topic!

CHAPTER
00:00 Introduction
00:22 Barter system
01:13 First from of money
01:40 Trust
02:13 Fiat Money
03:18 Cryptocurrencies
03:44 What do you think?
05:50 Patrons credits
06:00 Ending

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