How Money Created Math

Рет қаралды 48,112

Жыл бұрын

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Every high school math student wonders, "When am I gonna need this in the real world?" You'd be surprised how much of math was invented to solve real-world problems of FINANCE!
sources:
Quite Right: The Story of Mathematics, Measuremvvent and Money by Norman Biggs, 2016
www.sciencedirect.com/science...
www.matematicasvisuales.com/lo...
bigthink.com/the-past/history...
engineerine.com/who-invented-...
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Пікірлер: 140

@mikefarrington7141 Жыл бұрын

How have I never made the connection that "geometry" comes from "earth measurement"? Thank you. It's like 2015 all over again when it dawned on me that "alphabet" comes from "alpha betas", as in ABCs.

@MatsueMusic Жыл бұрын

Did not know the alpha betas thing. Wow.

@alethlumagbasboniol4473 11 ай бұрын

Same here, I never think of "geometry" comes from "earth measurement".

@zarosderer4447 Ай бұрын

did you know why i have stinky feets? Because i am a stinky Geeee

@Sonicfan138 Жыл бұрын

My calculus teacher in high school had a better answer to "When are we going to use this in real life?" "You wanna pass the test? That's real life."

@michael567jober Жыл бұрын

Lmao what a legend

@alethlumagbasboniol4473 11 ай бұрын

❤❤

@aprildawnsunshine4326 Жыл бұрын

Highschool classes and textbooks should really use more real world examples. I loved algebra but I still struggle a bit with figuring out what formula to use to find an answer and tbh I think it'd be more engaging if it was about real situations we might face and not just so and so sharing apples or taking a train

@pongop Жыл бұрын

Yes! Project based, interdisciplinary learning and real world examples!

@SR-cm2my Жыл бұрын

We all remember the guy that bought 500 watermelons. Haha.

@aprildawnsunshine4326 Жыл бұрын

@@SR-cm2my lol I could have even gotten excited about that with the right context: Sally was drunk on eBay and bought 500watermelons to make popsicles. If Sally eats one watermelon a day how long until her toilet will need to be plunged? 😂

@Frestho 11 ай бұрын

If you take an economics class or play a video game all those applications are apparent. Also I wish more people had interest in stuff that's theoretical. It's like playing a board game or video game. Fun even though it's not applicable to "real" life.

@aprildawnsunshine4326 10 ай бұрын

@@Frestho I took an economics class and though I don't play myself I watch my friends/partners/kids play all sorts of games and I still can't figure out how to compute compound interest and (f)x=I'm completely lost and I definitely studied that in at least 3 classes between highschool and college. And I supposedly have a high IQ but everybody knows that's bunk.

@thoryan3057 Жыл бұрын

As a person with a math degree, I agree that all anyone needs is up to high school algebra. Algebra and financial mathematics (which wasn't even a part of my degree).

@jjohnston94 Жыл бұрын

I've had the concept of integral calculus come in handy myself. Not finding antiderivatives, but the concept of "slice it up, find area of each slice and add them up".

@LeonardTyson Жыл бұрын

what, no affine spaces? 😕

@ShadowKidOfTheNight Жыл бұрын

@@jjohnston94 I agree I have taken several higher level math classes and I enjoyed them very much..

@wolfworks7339 Жыл бұрын

I got a minor in math and I have to agree. Algebra comes up all the time, and MAYBE geometry/trig depending on the person. I think once you get to the calculus and up level the situations become so niche that most people will never use the math from those groups.

@Keribellz Жыл бұрын

Ironic that a universally loved thing can lead to the most hated subject in school.

@mtgwdefender Жыл бұрын

Because, by nature, the brain is lazy. It takes effort to think and many, many people don't like to think

@ilyasb4792 11 ай бұрын

You may have missed that the constant e = 2.71.. was first discovered when studying the maximum amount you get by continuously compounding interests.

@jasminecontreras7341 Жыл бұрын

I’m so grateful for your guys’s channel! I learn so much every time. It’s so cool to think back at what they did with the tally’s to keep track of things.

@sonkeschluter3654 Жыл бұрын

my big aha moment for math was when someone explained to me that two cogwheels with a prime number of teeth have way less wear because the same teeth meet each way less often then on wheels with an even number of teeth

@Two_cent2 Жыл бұрын

Cool 🎉

@morezco 11 ай бұрын

I can not get enough of you guys. I found you about a month ago and I have already watched all the videos. Thank you for your fantastic work!!

@marioluigijam3612 Жыл бұрын

As a math major I support this message

@joshfriedrich7363 9 ай бұрын

I Love your videos, I show them to my finance class all the time. But this video might be my favorite! Big picture stuff, connecting all the dots! It's the "glue" that puts it all together. Keep up the great work!

@safaiaryu12 Жыл бұрын

Awesome video - loved Naiomi Israel chipping in! Her nonprofit sounds really cool and valuable, so I'm super glad to have heard of it. And history videos just make me happy. 😊 Obviously this doesn't cover EVERYTHING, but it's a short video! Side-eyeing the other comments complaining about what you missed, lol.

@dariusdareme Жыл бұрын

0:15 Are Euclidding me? 1% of the population will get that joke.

@ElsieEastmanMusic Жыл бұрын

This is FASCINATING!!! I never knew the origins!

@ReAl-uu8ku 27 күн бұрын

I love all your videos!

@antman7673 Жыл бұрын

Math is just a formalization of language. -You don’t need it …but if you don’t use it, it may take a book to describe the quadratic formula. Math is very exact and concentrated language.

@WaveRider1989 Жыл бұрын

Don't need math? Whole world is run on math.

@perirana1078 Жыл бұрын

the school of Formalism

@JLW667 11 ай бұрын

3:36 Precious Metals 7:03 Mathematician

@johnny_veritas 10 ай бұрын

Useful to do calculate Fibonacci retracements on the price of Cardano (ADA)

@NaderNabilart Жыл бұрын

please read "Debt: The First 5,000 Years" for more info about how people exchanged goods & services throughout history. People paying each other with *cash-like* form of money is a bit misleading narrative. Up until very recently in history, cash was almost non-existent in exchange. most societies exchanged only by debt and relied on a person's reputation in society. wasn't an instant payment. You helped someone in return of their potential help in the future, or just out of your own generosity. it wasn't very robotic and mathematical like you described it, at least not for the vast majority of people. Coins and tokens since their conception were exclusively used to serve armies. not regular people. huge distinction between these two.

@fruitygarlic3601 Жыл бұрын

Interesting recommendation! The impulse of a neighbour to give someone a bag of mangoes without expectation of anything in return serves as much purpose as the principle behind charging for them at a supermarket in a country where mangoes don't grow, I suppose.

@eddymens1873 Жыл бұрын

Man I looooovvveeeeee this channel

@ShadowKidOfTheNight Жыл бұрын

Finally!! I knew it, this is why I love math.... 😂😊 It truly is beautiful....

@djazzreal Жыл бұрын

I LOVE this video!!! I wish I could Doble It in spanish and show It to my students

@israelcroskrey-warner1586 Жыл бұрын

When I was a kid and being taught math it didn't really click until my dad pulled out money and showed me the problem with money

@siumaka Жыл бұрын

Great video. Seems to stand out a bit from the others. Hope Phillip brings back the mustache for Movember.

@ellelusina1993 Жыл бұрын

Learning statistics and personal finance would have been much more valuable to most people than algebra and geometry.

@tony1449 Жыл бұрын

Algebra is required to understand finnance and statistics

@ellelusina1993 Жыл бұрын

@@tony1449 Showing my age I suppose, I don't believe algebra was a prerequisite for statistics when I was in high school, but that may have changed or I could have just forgotten. It definitely is not for personal finance however, which is sorely lacking. I stand by my statement that algebra and geometry are not as critical to success for anyone as personal finance.

@irok1 Жыл бұрын

@@ellelusina1993Calculus is needed for high school statistics, but both simple probability and personal finance would be great to have as options

@catherinebaldwin6580 Жыл бұрын

No! You said the M word! Anyway, I love this episode. Wasn’t quite that in depth, but I know PBS have plenty other episodes about the history of math, and that wasn’t quite what you were trying to explain. As a math major, I approve.

@YJB-pj2hu 7 ай бұрын

This is so fun!

@blanketfortressofsolitude5270 Жыл бұрын

Gonna be honest, I clicked on this thinking it said, "How money created METH."...yes I am from the Midwest, why do you ask?

@joemacy2776 Жыл бұрын

I have a bachelor's degree in mathematics. This was very good to know.

@Two_cent2 Жыл бұрын

Cool 🎉🎉

@sanharibtoma7652 Жыл бұрын

So so proud to be ASSYRIAN right now :)❤❤❤

@pongop Жыл бұрын

The two roots of all evil working together: money and math! I blame civilization.

@tamaralaird3389 5 ай бұрын

can we bring that young lady back? Really enjoyed this episode. Learned a lot. thank you!

@davidmilhouscarter8198 Жыл бұрын

How would one calculate risk on leveraged money? For example, keeping a 30 year mortgage with a 3.5% interest rate (that’s mine) for as long as possible and investing the difference?

@jimkirbysevilla7389 Жыл бұрын

i love math during school. this is the only subject you don't need to study for exams and still pass... ü

@feynstein1004 Жыл бұрын

Hate to be that guy but math is discovered, not invented. The fact that multiple civilizations have stumbled upon the some concepts completely independent of one another should make this abundantly clear.

@skillfulmind960 9 ай бұрын

awesome .

@ElectroAde Жыл бұрын

Good work you two!

@benweiss9872 Жыл бұрын

Phil, bring back the 'stache!

@TomMcMorrow Жыл бұрын

Fingers crossed we'll see the practical applications of the Time Value of Money as a sequel video! 🤞🏻

@stryderhiryu8 Жыл бұрын

I miss your Mustache 😩

@007_Sun_Tzu Жыл бұрын

I loved the thumbnail Julia❤

@user-ye2ew7rb5u 11 ай бұрын

In Sanskrit, Formulas are called "Sutra"

@bernardronitsebastine6022 Жыл бұрын

WOW, that's A GOOD one. Gerat job you gyus

@arielcurra7647 Жыл бұрын

Finally,math makes some sense

@watchit387 Жыл бұрын

Amazing

@rileymcphee9429 3 ай бұрын

Show this video to every high school freshman!

@erinrising2799 Жыл бұрын

wish my teachers would have gone over this instead of having a "trust me bro" type attitude this is of course if they answered any of my questions, still had some misogynist teachers who only helped boys at math

@Maria_Svetlana8847 Жыл бұрын

The times used most of math is financial, mesurment of garments etc

@agb.o.b612 Жыл бұрын

I miss this channel

@NineteenEightyFive 11 ай бұрын

what.

@BriefNerdOriginal Жыл бұрын

Agronomy is the other real example. Surfaces, calendars, real estate measurements, instruments, ...

@geoffreydowdle5751 Жыл бұрын

Whoa its been a while since I've watched and I've noticed your recent videos are great. I loved your initial sets of the fundamentals but then when you started to explore more of the social political side of money it quickly became disinteresting to me. Now you're talking more about historical and cultural parts to money so its fun again.

@auro1986 11 ай бұрын

it is reverse, other way around or round as you say, maths made money

@osmosisjones4912 Жыл бұрын

How do tax breaks cost the country money and resources if they stay in the country

@eveedgarlopez Жыл бұрын

Not skipping the ads to support you guys. This is my favorite channel ever, financial education is so important right now!

@ManiacMeats Жыл бұрын

Thanks 2C gang! Im providing this video to my terminator. I can't pass math class? Maybe you can't walk anymore..... 😎. Algorithms? More like hasta la vista, baby!

@brianmuzumi6945 Жыл бұрын

Now i know who to blame

@Watch-0w1 Жыл бұрын

If time is money, money is math, and math lead to physic science. I guess money does make world turn }

@listerinr Жыл бұрын

Another great video from Philicia and Julia!

@SaianaKrishnaMehrotra-fr4qt Жыл бұрын

u need math to live on earth but u need money to survive

@pokemone-go 11 ай бұрын

I miss the moustache

@matthewmagda4971 Жыл бұрын

I can't deal with how much they Body Shame Julia.

@themissingtile2828 Жыл бұрын

Well I'll be damned.

@flynnmccoy5013 Жыл бұрын

I got about 11 grams of 69.1% pure silver

@alinstlawrence3458 11 ай бұрын

no application of math somwere is not "creating math" or everytime your creat a new fonction you creat something new as phylosophicaly maybe but for real not

@zodiacfml Жыл бұрын

wished they taught these in school. while I'm an engineer and love science, Math is my least favorite.

@Khadi-C Жыл бұрын

Ten years out of high school and I still have yet to use the Pythagorean theorem!

@fios4528 Жыл бұрын

Clearly you've never needed to cut wood

@lordflatworm Жыл бұрын

helps a lot with diy stuff.

@xXJ4FARGAMERXx 11 ай бұрын

Or knew if the new moniter was gonna fit

@doart6903 11 ай бұрын

math is the universal language of the world! 'nicolas tesla

@SimGunther Жыл бұрын

Modern economics is like if everyone in charge was Eren Yeager.

@jayplay8140 Жыл бұрын

The title of the video is completely wrong, as proven by your very own first examples. keeping track of items and counting is not money

@skwirl828 Жыл бұрын

Math wasn’t invented. It was discerned/discovered.

@riceboybebop7018 Жыл бұрын

Its both?

@ruizgabrielf Жыл бұрын

Not sure I agree with this. There are many mathematical frameworks that we have developed and we use the ones that are useful to us in a given situation. However, you can view all frameworks as just an expression of a single underlying truth. So you can say we invented several useful expressions for this underlying truth :) hope this helps

@rebane2001 Жыл бұрын

Math was both discovered and invented depending on how you interpret it, besides this is a topic of philosophy rather than mathematics themselves. It's acceptable to say that math was invented in the context of this video.

@ZanderzMcCluer Жыл бұрын

Glad I'm a math major, lol

@Emrico35 Жыл бұрын

Then in 2009, Math Created Money: Bitcoin!

@Vernardo Жыл бұрын

Bitcoin? By who actually? We still couldn't find the founder of this digital currency.

@Emrico35 Жыл бұрын

@@Vernardo That's the greatest thing about it! There isn't a central authority. It's not centralized. It's decentralized. Person who founded it, gifted it to humanity unlike scam altcoins. Bitcoin is backed by thousands of computers around the world, that's why it's decentralized.

@matthhiasbrownanonionchopp3471 Жыл бұрын

So what you're saying is math is the root of all evil

@crabbypaddy5549 Жыл бұрын

math came way way before money. Math is also known as logic. I trade you one pig for 15 chickens.

@fruitygarlic3601 Жыл бұрын

The decision to trade a pig for 15 chickens will have assumptions that, in some way, are mathematical; considerations of the food and rest one needs to labour the hours with the animals, the time it takes for their output, etc. Math and logic rely on each other, but don't mistake them for the same thing.

@ajaychawla7735 Жыл бұрын

No mention of Aryabhatta and the invention of 0 and the decimal system? Wow, quite disappointed in you guys. That was such an important part of math. its the basis of so much of math. You guys are awesome but this one seemed incomplete.

@Adidasler593 Жыл бұрын

1st

@FloridaMan69. Жыл бұрын

anaI

@DjEncallado Жыл бұрын

First! 😂

@halfwall Жыл бұрын

Cool topic, but I think this is a bit misleading. I would argue none of the examples provided are "money" (at least until we hit the Golden Age of Islam or the later Renaissance). Pre-historic tally sticks where used to count anything really (such as time). We don't know what the Ishango bone was used for, it could be anything from time, moon phases - so saying it was to "keep track of possessions" is an educated guess. Pythagoras thought maths could help him solve philosophical conundrums, ethics and mysticism. Coins where around for a long time but weren't used in markets or exchange aside from armies and for exchanging with foreigners, most people used debt and cultural communal practices to share and exchange. I think it's fair to say that "counting things" led to "math", but not "money".

@abhiramkj4874 11 ай бұрын

Is this the same person we saw in earlier videos?

@NineteenEightyFive 11 ай бұрын

sounds like you need glasses

@botrustbolt5818 Жыл бұрын

Where the f**k has the mustache gone!?!?!?

@universalcollective427 Жыл бұрын

children, and looking after their survival, created math, not money. unsubbed.

@fruitygarlic3601 Жыл бұрын

It's almost as if a more reliable way of resource distribution and the ability to acquire needed items aid survival. If someone not signalling that they "think of the children" for 7 minutes pushes you away from a source of easy-to-learn financial advice, then you need to revisit some of your childhood logic and maths lessons. Oh, but I'm sure the hosts are torn up that you've gone.