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Jacqueline Howard: The History of Money (5:22)

Key Ideas

As this video progresses, key ideas will be introduced to invoke discussion.

Key Ideas

Think about the following questions as you watch the video

  1. 00:58 Prior to money, what system of exchange was used to obtain necessary goods?
  2. 01:13 What were some of the first items to be bartered in early agricultural societies?
  3. 01:23 Why did bartering societies move toward systems of money?
  4. 02:12 What were some of the earliest forms of money?
  5. 02:46 When and where did paper money originate?
  6. 03:37 What brought about the use of credit as a system of monetary exchange?
  7. 04:01 What is the Gold Standard System?
  8. 04:23 The US dollar is fiat money. What does this mean?