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WiM026 - Money Hierarchies with Nik Bhatia

The "What is Money?" Show

00:00

War Finance - Is That Correct?

The creation of the bank of england was to finance the rebuilding of the british navy. And it's, you know, basely, they were replacing this decentralized system of goldsmiths with a more centralized system. The original impetus for that was war financing.

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