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    General
    Welcome to ECON120: Monetary History
    Course Syllabus
    Course Textbook
    Unit 1: Introduction to Monetary History
    1.1: The First Coins
    1.2: The Florin
    1.3 Supplemental Information
    Unit 1 Review and Assessment
    Unit 2: The Hierarchy of Money
    2.1: Modern Accounting
    2.2: Layered Money
    2.3: Traveling Between Layers of Money
    Unit 2 Review and Assessment
    Unit 3: The History of Money Markets
    3.1: Time Value of Money
    3.2: Bank of Amsterdam
    3.3: Bank of England
    Unit 3 Review and Assessment
    Unit 4: The Federal Reserve System
    4.1: Early American Money
    4.2: The Federal Reserve System
    4.3: The Evolution of the Federal Reserve
    Unit 4 Review and Assessment
    Unit 5: The Eurodollar System
    5.1: Offshore Dollars
    5.2: Money Market Funds
    5.3: Financial Crises
    5.4 Supplemental Information
    Unit 5 Review and Assessment
    Unit 6: Bitcoin
    6.1: Bitcoin
    6.2: Bitcoin's Denomination
    6.3: Bitcoin Evolution
    6.4 Supplemental Information
    Unit 6 Review and Assessment
    Unit 7: Cryptocurrencies, Stablecoins, and Central Bank Digital Currencies
    7.1: Alternative Cryptocurrencies, Stablecoins, and CBDCs
    7.2: The Potential Future of the Monetary System
    7.3 Supplemental Information
    Unit 7 Review and Assessment
    Study Guide
    Course Feedback Survey
    Certificate Final Exam
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    ECON120: Monetary History

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    Saylor Academy © 2010-2025 except as otherwise noted. Excluding course final exams, content authored by Saylor Academy is available under a Creative Commons Attribution 3.0 Unported license. Third-party materials are the copyright of their respective owners and shared under various licenses. See detailed licensing information. Saylor Academy®, Saylor.org®, and Harnessing Technology to Make Education Free® are trade names of the Constitution Foundation, a 501(c)(3) organization through which our educational activities are conducted.