34sec snip

We Study Billionaires - The Investor’s Podcast Network cover image

TIP574: Broken Money 1/2 w/ Lyn Alden

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Rise of the Telegraph

In the early days of trade, merchants would exchange gold for paper in one city and then use that paper to exchange for gold in another city. This created a form of credit and bills of exchange to make trade more efficient. The invention and deployment of the telegraph further enhanced this system.

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