The History of Paper Money - Origins of Exchange - Extra History - Part 1

Video Description

The History of Paper Money , Part 1 - Extra History Rome had expanded rapidly during the 2nd century BCE. It now stretched from Spain to Greece, with holdings in Africa, and showed no signs of stopping. At home, this growth destabilized the entire economy. Slaves from captured lands became field workers for the wealthy. Common soldiers who used to own land could no longer tend it during the long campaigns, and returned to find themselves either bankrupt or forced to sell to the large slave-owning elites. Now these displaced landowners flooded Rome looking for work, but many of them remained unemployed or underemployed. In the midst of this, two boys named Tiberius and Gaius were born to the Gracchus family. They were plebeians but of the most distinguished order. Their mother, Cornelia, was the daughter of Scipio Africanus. Their father was a two-time consul who'd celebrated two triumphs for winning great campaigns. But their father died early, so Cornelia raised her children alone and made sure they had a firm grounding in the liberal arts. As soon as he could, the elder boy, Tiberius, ran for office as a military tribune and joined the final campaign against Carthage. There he earned great honor for himself and learned from the Scipio Aemilianus, his half-brother who also happened to be the leading general. Upon return to Rome, he ran for quaeastor and was sent to serve in the Numantian Wars in Spain. This time, the general he served under was struggling and suffered defeat after defeat. At the end, he tried to flee, only to be captured by the Numantians along with the entire army. The Numantians insisted on discussing surrender terms with Tiberius Gracchus, whose father had long ago earned their respect, and he successfully negotiated the release of 20,000 captured soldiers. In Rome, however, the elites looked on his treaty with scorn: they felt his surrender made Rome look weak. The families of the soldiers had a far different perspective: they celebrated Tiberius, and even saved him from punishment at the hands of the Senate. He had learned that power could be found in appealing to the people. * Watch Extra History ad-free & get 1-week early access on *NEBULA* https://go.nebula.tv/extrahistory * Suggest & Vote on our next episodes, get exclusive content & 24-hour early access on *PATREON* https://bit.ly/EHPatreon * Show off your fandom with *MERCH* from our store! http://extracredits.store/ *Interested in sponsoring an episode?* Email us: [email protected] TWITTER: http://bit.ly/ECTweet I FACEBOOK: http://bit.ly/ECFBPage INSTAGRAM: http://bit.ly/ECisonInstagram I TIKTOK: https://bit.ly/ECtiktokz BLUESKY: https://bit.ly/ECBlueSky I TWITCH: https://bit.ly/ECtwitch GAMING: https://www.youtube.com/@extracredits *Miss an episode in our Brothers Gracchi Series?* Part 1 - https://youtu.be/ODI1VOOoey0 Part 2 - https://youtu.be/FC2Hvg7RdSY Part 3 - https://youtu.be/kpFmzkxd-HI Part 4 - https://youtu.be/WpL7xwCBM34 Part 5 - https://youtu.be/nfZWu6PsUHI Series Wrap-up & Lies Episode - https://youtu.be/UZhcMftzjMU ♪ "Air & Light" by Sean and Dean Kiner - Available on Patreon! - https://youtu.be/e-k1PKbt5fI Thanks for the high-quality conversations & for following our community guidelines here: https://bit.ly/ECFansRNice Artist: David Hueso I Writer: James Portnow I Voice: Daniel Floyd I Editor: Carrie Floyd I ♪ Extra History Theme by Demetori: http://bit.ly/1EQA5N7 #ExtraHistory #Money #History