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Planet Money

Summer School 1: An Economic History of the World

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 10 July 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

Planet Money Summer School is back for eight weeks. Join as we travel back in time to find the origins of our economic way of life. Today we ask surprisingly hard question: What is money? And where did it come from? We travel to a remote island in the Pacific Ocean for the answer. Then we'll visit France in the year 1714, where a man on the lam tries to revolutionize the country's entire monetary system, and comes impressively close to the modern economy we have today, before it all falls apart. Check out our Summer School video cheat sheet on the origins of money at the Planet Money TikTok.

The series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

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Transcript

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0:45.0

slash PM survey. Thank you.

0:48.0

This is Planet Money from NPR.

0:58.0

It is finally summer. A time to relax, touch some grass and think about nothing but the sun on your face, the breeze in your hair, and the

1:05.5

entire economic history of the world.

1:10.6

Welcome back everyone to Planet Money Summer School.

1:13.4

Whenever the temperature rises and nature beckons, we show up with a new batch of stimulating

1:20.2

lessons to make sure your brain has something to do on the long drive to the beach.

1:25.0

Every Wednesday till Labor Day, we will tackle the biggest questions in economics.

1:30.0

In summers past, we've covered Econ 101, investing skills, and business strategy. This

1:35.8

summer we'll look back, way back at how we got to the bewildering economy we have today.

1:44.0

Consider it, the world's easiest master's degree

1:47.1

in economic history.

1:49.1

I'm your host, Robert Smith. Now I know, you might be thinking Robert the past is dead and gone. No

1:56.8

grown up needs to know about the Whiskey Rebellion of 1794 or the Smoot Holly

...

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