‘Banking Explained’, A Short Animation Breaking Down the History and Complexities of Money and Credit

“Banking Explained” is a short animation by Kurzgesagt (previously) that breaks down the history and many complexities of the global banking system, which was initially designed to make life simpler.

Eleventh century Italy was the center of European trading. Merchants from all over met to trade their goods. But there was one problem: too many currencies in circulation.

submitted via Laughing Squid Tips