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History for Kids / History's Not Boring: The Kids History Podcast Shared for you

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How did bartering become money

From the podcast History for Kids / History's Not Boring: The Kids History Podcast

·10:50

Alistair the farmer has too many goats and not enough bread! How does he trade? Get ready to travel back 11,000 years to the very first trades—goat-for-grain trading! Discover the hilarious problem called the 'double coincidence of wants' (it’s when you want what they have, but they don't want what you have!). See how shiny shells, salty blocks, and pretty beads became super important because everyone agreed they had value! Then, jump forward to the first real metal coins in ancient Lydia and even the invention of paper money in China! How did we all agree on what a dollar or a euro is even worth? It’s a wild history of trading that ends with the money in your pocket! Tune in for History's Not Boring!