Welcome to the wild, weird, and chaotic world of the stock market—a place where fortunes are made, dreams are crushed, and everyone thinks they’re the next Warren Buffett… until they realize they made $4 on a trade instead of $40 billion.
Today, we are going to talk about the stock market and the origins of this financial rollercoaster, where people decided that pieces of paper and now electronic 1’s and 0’s could control the world. But how did this all start, and who thought this was a good idea? Stick around, because the answer might just make you question your entire idea about money and the economy
Imagine a world where the concept of “stocks” is so foreign that the closest thing you’ve got to an IPO is a guy named Uruk offering you a slice of his barley harvest in exchange for some of those shiny beads you traded with the tribe across the river. Welcome to the ancient world, where the seeds of what we now know as the stock market were planted in the fertile grounds of necessity, innovation, and, let’s face it, a bit of good old-fashioned greed.
Our journey begins in Mesopotamia, the land between the Tigris and Euphrates rivers, where civilization first decided to kick things up a notch by inventing writing, agriculture, and, naturally, complex economic systems. The Sumerians, always ahead of the curve, weren’t content with simple barter systems. They developed one of the earliest forms of trade agreements, which we might recognize today as futures contracts.
Here’s how it worked: Suppose you’re a Sumerian farmer with a bumper crop of barley. You’d take some of that grain to the local temple—think of it as the New York Stock Exchange of the ancient world. There, you’d enter into a contract to deliver a specified amount of barley at a future date. In return, you’d receive a set amount of silver, goods, or even livestock upfront. This wasn’t just a casual handshake deal; it was chiseled into a clay tablet, making it about as official as you could get back then.
Of course, with great potential reward came great risk. If your crop failed due to drought, locusts, or divine wrath, you were still obligated to deliver the agreed amount of barley. Defaulting could mean financial ruin, or worse, being on the bad side of the local deity—a big no-no in those days.
Archaeologists have unearthed thousands of these clay tablets, revealing that these transactions weren’t just one-offs. The ancient Sumerians were engaged in a thriving, complex market economy that laid the groundwork for everything from Wall Street to Bitcoin.
Now, let’s hop on a boat and sail down the Nile to ancient Egypt, where grain wasn’t just food; it was currency. The Egyptian economy was heavily centralized, with the Pharaoh controlling most aspects of production and distribution. However, the state’s control over grain led to the development of what we might call the world’s first commodities market.
In Egypt, farmers would deposit their grain in state-controlled granaries, receiving a receipt in return. These receipts were more than just proof of deposit; they could be traded, sold, or used as collateral in financial transactions. Essentially, they functioned like a form of money, but instead of being backed by gold, they were backed by wheat.
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Here ya go, the entire history of the stock market
Gotta love the idea of triggers to halt trading when 'the market' severely declines but never triggers to halt trading in severely rising markets…
The stock market can be incredibly opaque. High-frequency trading (HFT), for example, is something most average investors aren’t aware of, but it can drastically affect market movements. Then you have insider trading, market manipulation, and even how big institutional players influence the market.
Interesting
Love the long content video, this was awesome
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can you do a video without music 7
VERY NICELY DONE. Nice uncommonly used video selections were refreshing.
Dodgey AI video needed better editing, there’s a modern car driving around at 4:20mins and just as it goes past one of the AI generated humans just stretches from being about 6ft tall to 12ft 😂
I like your long form and your somewhat relaxed enunciation. This sounds odd, but I like to see you — well, a person. I get sick of those videos that have back to back generic online photos/videos and a bland, probably ai written audio.
I want to begin investing but require some help. Do you have any advice or suggestions for assistance?
Love the AI videos very beautiful
The rough childs
One of the most impressive aspects of Michael Hugh Terpin trading prowess is his keen understanding of market dynamics. He possesses a deep knowledge of various cryptocurrencies, their underlying technologies, and the broader economic factors influencing their value. This comprehensive understanding enables him to make well-informed investment decisions that consistently yield positive returns.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move. it's about playing it smart and steady…managed to grow a nest egg of around 180k to a decent 832k in the space of a few months…
Thank you. I learned so much and remembered a lot from the past. Great video.
I love this history of banking and commerce.. very interesting
The AI video stuff is so jarring and… alien. Hate it.
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial YouTubers, quite devastating!