23:34 eventually as you keep following the trail, you will find that we destroyed the group of people who were living here before we were, and they knew much more about the land than we ever knew, and maybe will ever know. They call it the New World. They lived in prehistoric time far longer than the rest of what we know as the world at that time. there’s a complicated multifaced style of Art* that was produced by the ancient Americans, we call them rocks. Until you learn it, you will never question why every single stone is carry sized. Every single pocket sized stone looks like a bird. ❤

I agree!

Definitely using this video in my US History & Economics classes!

I 1000% Agree!! All I learned in school back in the 90's was all the colonies had different money it was confusing, so eventually after the American Revolutionary war it was banned, and the new US Gov. started printing it's own paper money.

👏👍

Well said and an excellent thought.

Yeah! i love seeing the lighting of the candles in a realistic daily setting too.

It feels like a movie. Perfectly staged.

Round the back is the Allspice brothel.

I would love a whole town living in the 1700’s. I would use my vacation times to go visit for a week or two at a time. No phone, no no tech. What a nice break that would be. Trade in silver and gold. Taverns, restaurants, shops and shows. 🥰

I was thinking that myself. I'm gonna cut that part of the video and make a 'tavern ambience 1 hour video loop' if that's ok

Yeah PBS is all politics anymore.

@@bensharp575 No it isn't.

Nice analogy

@@bensharp575 Are you ben shaparo

That’s a good example with cheesy rice lmao

Thank you so much! We appreciate that.

Seconded, this is one of their best ever videos.

I totally agree!👍👍👍

I have to agree, this is one of the best videos I have seen here which says something as all Jon's videos are top notch.

True

It’s like that time my dad shaved off his mustache and I didn’t know who is was!

His nutmeg jar broke and he’s currently using the hat to store it

What kind of gentleman would be out and about without wearing a hat?

@@vigilantcosmicpenguin8721 a gentleman with lovely hair, of course

Worth 1 (one) hatless John NFT?

Didn't know... Pretty cool

Interesting! Thank you for sharing.

in the years after the Texas Revolution the Mexican peso was still the common currency of the Republic of Texas now they did have a paper currency that was printed in the Republic but half the time that paper currency wasn't worth the paper it was printed on

Very interesting. Had not heard that before. Was it by weight of silver in the coin or accepted at face value?

@@bensharp575 Appears to have been accepted as if it were the same as the American dollar.

Maybe, I love others way more but this is good, and ppl may come across it from searching which will be nice 🙂

Let's learn about early American money and see how much value it had compared to today's!

Hopefully so; this high quality style infotainment presentation gets down to the brass tacks of financial literacy in detailed references to a sound economic system that laid the foundation for America today and it is being cut down with every meeting of the Modern Monetary Theory Féd Reserve, gov bailouts of too big to fail businesses, and stimulus checks that incentivize a workforce to stop clocking in

@@thisguy4614 tell us you don't understand basic economic principles without saying you don't understand basic economic principles

@@theodorekorehonen wow. Really? Everybody's at a different level.

Were it not for my strict history teacher who required us to outline the history text and draw graphs and charts, I would never have learned much history. Yet, much of this material was new to me. I pity today's youth that don't study history.

@@jayecurry1369 wat

I believe History teachers are the most passionate about their work. My two favorite teachers from high school were my World History and American History teachers, they loved teaching us about the past.

The real difference is willingness.

@@chrism1518 Yeah, I had some great history teachers back in my school days, and learned a lot from them. I was also actually interested in learning stuff at school, so that helped.

Pretty sure there is an award for online creators. Can't think of the name though. I just don't care enough to know. Regardless this channel is awesome.

Yes they really are👍👏 Every video is wholesome and most uplifting! Thank you Job and everyone involved. ( No nutmeg coin, anywhere insight! 😂)

Yes. Keep politics outta it! N I'm a black woman...times wasnt so peachy 4 my kind.

The fact that none of our 'paper' money is backed by a gold standard is complicating it the further away we get from when it was. Bit coin and other virtual 'coins' are adding to this modern complexity!!

It will have a complicated future as well, I assure you.

Makes sense, 12.5*2

Shave and a haircut, five bits!

@@theoestep lol

Even “1 bit” was used for 12½¢ occasionally since ½¢ coins existed at the time

@@theoestep" Shave and a haircut, 6 bits. "

Well put into words! I agree 👍 💯

I approve. (I'm a teacher).

No joke, as a teacher I turn to Townsends (and other quality KZfaq videos) very often for quality educational content.

This is a treasure trove for sure! Also, ya might wanna check out the Junius Maltby channel.

Schools are becoming obsolete with the advent and success of KZfaq. Do 2 hours of “school” (KZfaq videos) per days, then play for the young and apprenticeships for the older kids. Don’t worry teachers…Kids still have to be guided to the right videos. 🤷🏻‍♂️🪙🪙

Don't forget Aquachigger, and Quarter Hoarder.

BUY BITCOIN!!!!

Still do it in U.S.A.

I still barter! An metalworker with knowledge and experience in remodeling I cam barter quite a lot! 😅. I usually live life high on the hog without a penny to my name

I use Magic The Gathering cards for my barters lol

@@fabulous_finn7810what’s the going rate for a black lotus these days

Once the elites found out people would give them real stuff for fake paper money they couldn't stop using it to enrich themselves lol. So they did it again and again and again and still do it today. Even the coins are worthless now.

Until Townsend's go purple hair.

Figure

Your senses have not betrayed you

Please, lnquireing mind's would like to know!!!.

Me either, but If it gets people interested in history then I'm all for it.

Weird as it feels, it's that kind of connection that makes history what it is.

It’s an extension of what makes humans humans. We need a system to deal with who gets what. We’re constantly experimenting with how to make economic transactions equitable and fair for everyone involved. Barter, currency and money are just different ways of dealing with each other.

You never know what you got till it's gone. When there is no more money (as we know). That will be the end of privacy for everyone except the elites. They will tell you what you have and what you don't have. Thanks Bitcoin. If you don't like it they will just shut your account down till you can act right. People need to wake up. Oh yeah I am mad about it.

@@zombieSlayer-kn2rk privacy coins. Monero and pirate chain

That gold coin looked so appealing, I instantly wanted one (or at least a reproduction using some jewelry gold).

I want one of those gold coins just so I can toss it around in my hand and look cool.

🤔 thievery

But, sure, blame Canada for that paper mess, lol.

Thank you so much!

Thank you for the kinds words. We hope we've encouraged you to give it a try!

Hello Julia

@@jacksonrodriguez2703 Hello

@@julias8277 Hi Julia How are you doing today?

The Spanish Dollar was, for centuries, the most highly respected medium of exchange throughout European maritime trade and the Americas, where most of them were minted.

For me, it's the parrot in Treasure Island. "Pieces of eight! Pieces of eight! Squawk!"

Hi

The show takes place in 1907, the year Oklahoma was granted statehood. This news is mentioned right before the ending song “Oklahoma”: “A brand new state, gonna be great!” Statehood gave more benefits than being a territory. Keep asking questions, that’s how you find things out! 🙂

@@joanhoffman3702 I should have known that. I was in the show. Forgot the lyrics.

The only thing I learned about it in high school in Kentucky was that every state had its own currency during the Articles of Confederation era and that made interstate commerce a nightmare

Rampant debasement would collapse the value of commodity coinage just as well as a stock market burst

@@AgentTasmania The solution lies then in eliminating usury and destroying the concept on interest on loans. If there's more money than there's output, that means that somwehere in the middle of the flow, more "wealth" is being produced without _actually_ increasing the overall wealth. Kinda like how the chinese keep their workforce rentable, by debasing their yuan and in turn doing so with all the countries that do trade with them.

@@glidershower You are incorrect. The purpose of an interest rate is to allow for innovation. You may have an awesome idea, could be a new product or a new kind of store, but no means of getting it to the market. I may have a lot of the, “coin of the realm”, if all I can expect from loaning you some of the money is the same amount as I loaned out….well….I take all the risk and you take all the reward. It is like planting one seed and only getting one seed back. As a lender I am taking a risk that your business idea is as good as you claim. An example. Your idea is not as good as you think and your business collapses you would still have to pay me back for what you borrowed. But with no penalty you would have no incentive to pay back in any hurry. Conversely your idea is greater than you thought. Now you can pay back quickly what you borrowed but you keep everything else.

@@glidershower China's paper is not backed by anything either.

@@gusthewiseone3247 when someone says to eliminate interests it's not saying to eliminate loans. But change them. For one, we must stop allowing the printing of new money to back loans especially home loans it makes the value of the dollar too variable, loans should only be backed by the item bought. Its also a moral issue here, printing money for backing loans as we currently do means that banks are double dipping and getting paid twice plus interest 😐. And once is on our dollars value effectively using inflation as a tax to pay for itself. two, under a certain square footage, accommodations and for primary residence, home loans and rent do not make broad economic sense. In some cases even allowing certain homes to be sold instead of given does not make sense. they just suck money out of circulation money that should be going to buying new innovative products. These things do need changing for innovation to have a strong customer base! With even a very small amount of very small cheap houses on the market for free all the unhoused Americans would become part of the push for innovation by becoming genuine customers instead of a problem driving customers away from stores, and one that would only take a 1% real estate sales tax to fix! Seems pretty inexpensive for a net boost to every business to me. Also, the sentiment of changing loans generally comes with th sentiment of changing how stocks legally work. Or rather changing them back. Currently stocks are ownership of the company. That means when ten different market management companies buy out most of your stocks your now obliged and forced to produce what you know will make a short term profit, regardless of the ten better ideas you have that will pay out better for the long term... and this makes little sense for innovation. Changing stock back to buying well actual stock as in what will go on the show room floor of a dozen companies at a bit above manufacturing cost in exchange for the final sale price but your buying before the manufacturing is done making it higher risk and higher reward then wholesaling.

Thank you!!

The concept of spreading FUD about one's competition has probably existed since the first two merchant's booths did.

Back then, they were shorting the Danish East India Company.

it certainly sounds like him...could it be a counterfeit?...

Or because it's considered rude to wear hats indoors.

@@haroldtakahashi8875 😂😂😂

@@MissAlissaxX My thoughts too! I know, my Mother thinks of it that way.😊 Have a nice day everyone!

“Considered”