Money & Debt: Crash Course World History 202

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In which John Green teaches about filthy, filthy lucre. Money. And Debt. So, what is money? And what is it for? And why do we use money? And why does it all disappear so quickly after payday? John will look into 75% of these questions, and if he doesn’t come up with answers, we’ll get into some interesting ideas along the way, at least. This week we’ll investigate whether money displaces barter, then leads to war, slavery, and what we think of as civilized social orders. We’ll also see what old Adam Smith thinks of big money, no whammies, this week on Crash Course.

We’ll also talk quite a bit about Debt: The First 5000 Years by David Graeber. You can buy that book here: http://dft.ba/-debt5000

You can directly support Crash Course at https://www.patreon.com/crashcourse Subscribe for as little as $0 to keep up with everything we’re doing. Also, if you can afford to pay a little every month, it really helps us to continue producing great content.

Comments

LowellMorgan says:

Worse than calling a society "primitive" is the idea that barter was ever the dominant form of trade. Credit has always been the most common form of exchange even in tribal societies.

maxscameraguy says:

how come there wasn't one of these on beer and brewing?

LeoHareMusic says:

Of course, most of us were taught in elementary school that money came from barter. It seems more and more to me that life is largely spent unlearning all the old wives' tales we were taught in public school. This is just one.

canaris W says:

Make a video about the FED and how that works pls

Ella Nicholson says:

i just came here to see the dragonborn lol

elliott morrison says:

I like how the comments for this video is half "I believe capitalism is the only path to heaven" and half "i can't believe you'd trade a daedric artifact for an ebony warhammer you could buy or make yourself AND THEN TRADE THAT FOR CHEESE"

kevin4gwen says:

I like all the things that comes with civilization tv, internet, malls, eazy food, things I'd rather not live without​ despite at times civilization is a bit evil

Rk _1738 says:

john was funnier in the first season

Charlie Bradshaw says:

i love crash course do more videos PLEASE

Darth Ruin says:

I could easily live without the internet. We need food, water and warmth. Everything else is just luxury

unfortdork says:

Long time listener, first time caller – Just want to say you folks rock!! πŸ™‚

Dennis Terzio says:

J'Zargo and Dovahkiin 4:55

Marcus K. Allen says:

Currency => The Ability to easily track resources => Ability to collect taxes => Ability for one entity to manipulate an entire society with the use of taxes => Society's government demanding more taxes => society government paying members of society to go take more resources from others so the government can collect more taxes => people in government taking taxes and using it for own gain (survival). All because a few people in charge of a government with a lot of resources will always lead to corruption because people are animals and will always care about their survival first because if they don't animals die. This is why a society's government must always be kept "in check" by the people of the society and a government's power should always lay with the masses.

ssfuk says:

can you make a sub channel on law

Cyfiero says:

John always trying to be hip with those video game references πŸ˜€

Mayor of Smashville says:

420 dislikes πŸ”₯πŸ”₯πŸ‘ŒπŸ”₯πŸ”₯

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