A quick over view of private and public debt

Transcript -- Understanding Debt in 2 minutes

Where did money come from? How did people trade before inventing money? Was it a masterstroke or madness (or both) to let banks create money?  
Today money is generally accepted as payment for goods and services or repayment of debt. But governments still fret about whether there's too much (or too little) in circulation, economists can't agree on what it is, and the enduring popularity of alternative or crypto-currencies shows rumbling discontent with the official version. These 10 short animations chart the evolution of money from stones and whale teeth to modern monetary policy and banking, and takes a hard look at money's role in economic crises.

The material in this collection relates to The Open University course DD103 Investigating the social world.

Education

Where did money come from? How did people trade before inventing money? Was it a masterstroke or madness (or both) to let banks create money? Today money is generally accepted as payment for goods and services or repayment of debt. But governments still fret about whether there's too much (or too little) in circulation, economists can't agree on what it is, and the enduring popularity of alternative or crypto-currencies shows rumbling discontent with the official version. These 10 short animations chart the evolution of money from stones and whale teeth to modern monetary policy and banking, and takes a hard look at money's role in economic crises. The material in this collection relates to The Open University course DD103 Investigating the social world.

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Transcript -- Understanding Debt in 2 minutes

Transcript -- Understanding Debt in 2 minutes

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