Скачать или смотреть Osaka, 1730: how the 1st futures exchange changed the world

The world's 1st futures exchange appeared in Osaka (Dojima), 1730. Rice circulated as money. Rice bills became the world's first futures contracts. Farmers, merchants, and business owners looked to hedge; speculators looked to make a quick profit! Is this relevant to you as an individual investor? Some of the lessons here apply to all futures trading including commodities, currencies, and interest rates. Enjoy!

0:00 Intro
0:28 The Business Problem: Risk!
1:02 Forwards versus Futures
1:38 Osaka in the Tokugawa period (late 1600s)
2:12 Osaka in late 1600s: ‘Japan’s kitchen’
2:46 Rice as a Means of Payment: ‘Rice Bills’
3:40 Dojima: world’s 1st futures exchange (1730)
5:02 Does Dojima Meet Today’s Criteria?
6:08 Other Futures Exchanges
6:46 Our Verified Sources
7:14 The Takeaways