Digital Islamic Reminder

The Evolution of Currency Explained by Shaykh Hamza Yusuf

Jul 15, 2024
Guest
Shaykh Hamza Yusuf
Historical evolution of currency from bartering to paper money in ancient China, importance of gold and silver, rise of international banking in 16th century, insights on fiduciary and fiat money, creation of Federal Reserve System as financial stabilizer and lender of last resort
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Episode notes
1
Introduction
00:00 • 2min
2
Exploring the Historical Evolution and Types of Currency
02:16 • 3min
3
Historical Context and Creation of the Federal Reserve System
05:02 • 3min