Franklin's Paper Money | The Story of Money, Episode 1 [ORIGINAL]

The early North American colonists had very little hard currency, but somehow still managed to thrive in their new home. How’d they do it? Without gold or silver, what did they use as money?

This is episode 1 of The Story of Money: from Benjamin Franklin to Occupy Wall Street, a series on US financial history created by Athens Politics Nerd.

Sources:
Money: Whence It Came, Where it Went, John Kenneth Galbraith
A Financial History of the United States, Margaret Myers

APN is funded by individual donors like you and is completely independent.

[Fifthrd]

I have to research into who these English Merchants were

[ModernStacker]

Fantastic series! Solid content and well delivered narrative. Thoroughly enjoyed watching it. Cheers!

[Blaqjaqshellaq]

it's rather fitting for playing cards to become legal tender--money's always had an element of gamble...

[trailblazintim]

Really loving this series- well produced with good video elements to go along with the excellent information. Graphic at 8:15 is particularly poignant. Well done

[earthandstraw]

Hemp was also used to pay taxes with, an important crop for rope and sails for ships.

[StudioDrewMixedit]

Had to come back to the first episode to see the whole series 🔥

[DieterStapelberg]

For the algo, hope more people see this.

[BigJFindAWay]

I am busy watching this whole series often watching each show several times.
I have to say that while I disagree with you about the need for a gold standard (our discussion from a later episode), that in no way takes away from the excellence and quality of this series and the care with which it’s been designed with clear coherent explanations.
Really really good job!

[Chris-Moore]

Correction on the definition of inflation: its the inflating of the money supply, not the price. You are told the latter so you dont revolt