Sunday, August 29, 2021

History Of Money, recommended for older kids and adults teaching history

In a post a month ago I asked about ways to teach history to my daughters. While many people would agree that understanding how money has worked is crucial for understanding history, most history material is uninformed or misinformed about basic economics. Also very few people understand how central banks (e.g. the US Fed or the European Central Bank) influence current events and our own lives. How they got to be what they are is a fascinating story.

What was the effect of monetary debasement from kings and emperors in the past?

The Great Depression probably triggered the other calamities of the 20th Century, yet hardly anyone understands why it was different from the self-correcting depression of 1920-1921. It matters because today's central banks are increasing the money supply at an unprecedented rate, with possible ramifications for our children's lives.

So I suggest adding economic history to what ever you're doing now. Professor Barth made this series for university students, but acknowledges that it may be appropriate for high school kids. It starts with the invention of money, and continues through BitCoin and other cryptocurrencies.

https://www.youtube.com/playlist?list=PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_


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