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WiM023 - The Frisby Series | Episode 4 | Technology and Cyclicality
The "What is Money?" Show
The Great Re Coinage of 1716
In 17 16, isaac newton put england on the gold standard for the very first time. He recalled all the gold and silver, re minted it, and was known as the great re coinage of 17 16. It now takes about 253 hundred pound coins to buy the old bound coin. If i hold on, i can show you a gold sovereignwould you like to see a gold sovereign? I love te ta. And a gold sovereign, which is bout maybe a quarter of an ounce of gold, something like that. Let me just hold this up to the camera. A whole ship. Sorry. There'sYou can see a gold Sovereign, a bit less than
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