How Does It Work? Money, episode 1: What Is Money? (From cowrie shells to tap-to-pay). Financial literacy for kids aged 8 to 12 and their grown-ups.

0:00 Intro
0:24 Swapping things: barter
0:48 Shells, salt and stones
1:17 Lydia invents the coin
1:44 China prints the first paper money
2:13 Gold, and then just trust
2:42 Money becomes numbers
3:06 Money words recap

Money words in this episode: Barter, Medium of exchange, Coin, Banknote, Fiat money, Digital money

All episodes: https://howdoesitwork.fullstackpartner.com

Image credits (Wikimedia Commons):
"Barter-Chickens for Subscription.jpg" by F.S. Church, published in Harper's Weekly, January 17, 1874, p. 61., Public domain, https://commons.wikimedia.org/wiki/File:Barter-Chickens_for_Subscription.jpg
"Cast-away in Jamaica - Group in the Marketplace.jpg" by Images uncredited in the original., Public domain, https://commons.wikimedia.org/wiki/File:Cast-away_in_Jamaica_-_Group_in_the_Marketplace.jpg
"Cast-away in Jamaica - Spruce-Beer Sellers.jpg" by Images uncredited in the original., Public domain, https://commons.wikimedia.org/wiki/File:Cast-away_in_Jamaica_-_Spruce-Beer_Sellers.jpg
"Monetaria moneta - 2.jpg" by Philippe Bourjon, CC BY-SA 4.0, https://commons.wikimedia.org/wiki/File:Monetaria_moneta_-_2.jpg
"Yap Stone Money.jpg" by Eric Guinther, CC BY-SA 3.0, https://commons.wikimedia.org/wiki/File:Yap_Stone_Money.jpg
"Cypraea-moneta-001.jpg" by Niccolò Gualtieri, Public domain, https://commons.wikimedia.org/wiki/File:Cypraea-moneta-001.jpg
"Kroisos. Circa 564-53-550-39 BC. AV Stater (16mm, 10.76 g). Heavy series. Sardes mint.jpg" by CNG Coins, CC BY-SA 3.0, https://commons.wikimedia.org/wiki/File:Kroisos._Circa_564-53-550-39_BC._AV_Stater_(16mm,_10.76_g)._Heavy_series._Sardes_mint.jpg
"Electrum on quartz Telluride (cropped).jpg" by James St. John, CC BY 2.0, https://commons.wikimedia.org/wiki/File:Electrum_on_quartz_Telluride_(cropped).jpg
"Electrum trite, Alyattes, Lydia, 620-563 BC.jpg" by Unknown / Photography by CNG coins, CC BY-SA 3.0, https://commons.wikimedia.org/wiki/File:Electrum_trite,_Alyattes,_Lydia,_620-563_BC.jpg
"Yuan dynasty banknote with its printing plate 1287.jpg" by PHGCOM, CC BY-SA 3.0, https://commons.wikimedia.org/wiki/File:Yuan_dynasty_banknote_with_its_printing_plate_1287.jpg
"Chinese Banknote Ming Dynasty CarterInventionPrintingChina 0126.jpg" by Carter, Thomas Francis, 1882-1925, CC BY-SA 4.0, https://commons.wikimedia.org/wiki/File:Chinese_Banknote_Ming_Dynasty_CarterInventionPrintingChina_0126.jpg
"Collage for banknote design, Bank of Manchester, UK, 1833. On display at the British Museum in London.jpg" by Osama Shukir Muhammed Amin FRCP(Glasg), CC BY-SA 4.0, https://commons.wikimedia.org/wiki/File:Collage_for_banknote_design,_Bank_of_Manchester,_UK,_1833._On_display_at_the_British_Museum_in_London.jpg
"Gold bullion 2.jpg" by Szaaman, Public domain, https://commons.wikimedia.org/wiki/File:Gold_bullion_2.jpg
"U.S. Bullion Depository-adjust2.jpg" by Work permit

Original author=Cliff, CC BY-SA 4.0, https://commons.wikimedia.org/wiki/File:U.S._Bullion_Depository-adjust2.jpg
"US-$100-GC-1882-Fr.1207.jpg" by National Museum of American History, Public domain, https://commons.wikimedia.org/wiki/File:US-$100-GC-1882-Fr.1207.jpg
"Kookmin Bank Debit Card Nori.jpg" by Ox1997cow, Public domain, https://commons.wikimedia.org/wiki/File:Kookmin_Bank_Debit_Card_Nori.jpg
"Contactless Payment Card opened to show RF antenna.jpg" by AmarinderBrar, CC BY-SA 4.0, https://commons.wikimedia.org/wiki/File:Contactless_Payment_Card_opened_to_show_RF_antenna.jpg
"Tfl ad Contactless Safest Way to Pay.jpg" by Pear-on-willow, CC BY-SA 4.0, https://commons.wikimedia.org/wiki/File:Tfl_ad_Contactless_Safest_Way_to_Pay.jpg

#FinancialLiteracy #MoneyForKids #HowDoesItWork #Economics #Saving #Investing