ONE MINUTE SAMPLE OF YOUR WORK
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Narrator: Humanity has come to accept rectangular pieces of oak trees as something to spend eight to ten hours a day working for.
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Narrator: It’s a pretty insane story. This change from a hard currency, like gold and silver, it’s a really huge deal. Without it we couldn’t have the massive industrial and post-industrial economy we know today.
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This change revolutionized how we do business and forever altered how governments were financed. Learning about this massive sea change and how, as a specie, thought about money, can help us reflect on our current historical shift,
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From seeing paper as money to see this, seeing digital ones and zeros as money. But before we get to the exciting story of people trying to convince other people that paper was worth something, to understand why this is such a huge deal we have to discuss a bit
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About how we thought about money before paper. If we go way back to beginning of society, we find trade. Before early humans even really settled down, there’s evidence that when we met we exchanged things we had made or things we’d found.
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But as soon as humans started to cultivate the earth and form societies, we started to specialize, and that means that not only we loved to trade, we had to. Now often when we think of trade we think of long distance trade, we think of caravans loading with exotic goods.