Speaker 1: Hey there, welcome to Grown Up with Emily, a Lingo
Speaker 1: kids podcast. It helps kids discover how to be whatever
Speaker 1: they want to be growing up. Well, hey, Winson, did
Speaker 1: you know that one really big, well known bank began
Speaker 1: because of a massive earthquake?
Speaker 2: Really that's crazy. How did earthquake help start a bank?
Speaker 2: Talk about a shakeup.
Speaker 1: We'll find out today as we explore the world of
Speaker 1: busy bankers. Hey there, Winson.
Speaker 2: Oh hey, what's up? Emily?
Speaker 1: Just getting ready to go run to Eron's. Can you
Speaker 1: put this big jar on the table for me?
Speaker 2: Oh? Sure? Oh this is really heavy.
Speaker 1: Yeah, yeah, I care for Winston. Keep it steady, don't
Speaker 1: let it go.
Speaker 2: It's fragile, it's wife. Uh sorry, Emily, I didn't mean
Speaker 2: to smash your coin jar.
Speaker 1: Oh don't worry, Whinston. It's just a piggy bank. I
Speaker 1: was planning on taking it to the bank later. No
Speaker 1: big deal.
Speaker 2: Wait that jar full of coins was your piggy bank?
Speaker 2: Oh man, now I feel really bad. Hold on, aren't
Speaker 2: piggy banks usually shaped like piggies?
Speaker 1: Well some of them are. I want to know where
Speaker 1: the name piggy bank actually comes from.
Speaker 2: Sure?
Speaker 1: Well, back in the Middle Ages, people kept coins and
Speaker 1: bowls and jars made out of a kind of orange
Speaker 1: clay called pig pygg, which is spelled differently than pig
Speaker 1: pig the animal.
Speaker 2: WHOA, So old timey people kept their money in jars,
Speaker 2: just like you. Yeah, you know, Emily, I was wondering
Speaker 2: why do we need coins today? Anyway? Most people just
Speaker 2: buy things with their phones or computers or credit cards
Speaker 2: you tap on little screens at the store.
Speaker 1: You're right, most banking is done online these days.
Speaker 2: But before computers and all that, people just carried money
Speaker 2: around with them, right, like coins and dollars. Yep.
Speaker 1: And a really long time ago, there were only coins
Speaker 1: or other valuable things people used to sell and trade,
Speaker 1: like spices or silver or sparkly valuable gymstones.
Speaker 2: Whoa, So there were banks that kept spices? Were there
Speaker 2: cinnamon banks? What about candy banks? I'd like to work
Speaker 2: there me too.
Speaker 1: Well, in ancient times, people would store really valuable things
Speaker 1: and temples instead of banks, not candy, I don't think,
Speaker 1: but more than coins, for sure, and that developed into
Speaker 1: early versions of the banks that we used today.
Speaker 2: It must be really boring to be a bank person
Speaker 2: these days.
Speaker 1: You mean people who work at the banks. They're called bankers,
Speaker 1: all right.
Speaker 2: But yeah, people don't really need to go into banks
Speaker 2: anymore because they just go online to check their money. Right.
Speaker 2: I wouldn't like sitting there all alone in the bank
Speaker 2: all day with no one to talk to if I
Speaker 2: was a banker these days.
Speaker 1: Oh, I can see why you'd think that, Winston. But
Speaker 1: there are still a lot of reasons people need to
Speaker 1: go into banks, and there's a lot of different types
Speaker 1: of bankers too, but they mainly help people manage their money,
Speaker 1: save it and keep track of it. Oh. Here, I
Speaker 1: think we got them all. Thank you so much for
Speaker 1: helping me pick those up. Sure thing, you're welcome, No
Speaker 1: pig deal, I get it, very clever, Winston.
Speaker 2: Hey, if this piggy bank was a real bank, what
Speaker 2: would I do if I worked there?
Speaker 1: Right? Let's see, Okay, you pretend to be the banker. Okay, okay,
Speaker 1: So bankers that work in the bank behind the counter
Speaker 1: are called personal bankers and all be the customer or
Speaker 1: clients the coins in the bowler. So that would be
Speaker 1: my bank account.
Speaker 2: Oh okay, hello, ma'am, welcome to Piggy Savings Bank. I'll
Speaker 2: be your banker today.
Speaker 1: It's stilly Hi there, mister banker, I'd like to make
Speaker 1: a deposit.
Speaker 2: Please, okay, deposit. I don't know what that is, but
Speaker 2: I will try to help.
Speaker 1: Okay, So I give you the banker, some money, and
Speaker 1: you add it to my account. And also, sir, I'd
Speaker 1: like to withdraw funds.
Speaker 2: Oh withdraw say? Does that mean I give you some
Speaker 2: of your money back?
Speaker 1: Yes, exactly Whinson.
Speaker 2: And also I count your money. I probably have to
Speaker 2: be good at math, which luckily I am.
Speaker 1: Today bankers have special machines that help them count money too,
Speaker 1: which is very helpful.
Speaker 2: Oh, robocounters nice. And they have machines that can deposit
Speaker 2: checks for you too, right, I've seen those before.
Speaker 1: Exactly. Now, you the banker, also get to take a
Speaker 1: few coins for yourself too.
Speaker 2: Oh boy, for real. So the bankers make some money too.
Speaker 1: Of course, as the banker, you helped keep my money safe.
Speaker 1: So the bank and people who work there need to
Speaker 1: be paid for their work too.
Speaker 2: Hey, Emily, I bet I can guess the first banker
Speaker 2: that ever existed.
Speaker 1: Really, Okay, then give it a try.
Speaker 2: Uh Okay, Well, I bet it was someone who kept
Speaker 2: people's gold safe way back during the gold rush when
Speaker 2: people were digging for big old nuggets. I've seen a
Speaker 2: lot of old movies about sneaky old gold robbers.
Speaker 1: Oh, I love those movies. And actually a lot of
Speaker 1: banks did start up during the gold Rush because so
Speaker 1: many people were striking it rich. In the wild West.
Speaker 1: A merchant called Amadeo Piedro gn Me started a bank
Speaker 1: of his very own. In fact, Gani invented some of
Speaker 1: the banking systems we still use today. Hey, why don't
Speaker 1: we take a trip back in time to check out
Speaker 1: what he did?
Speaker 2: That would be awesome. Okay, go for it, due, Emily,
Speaker 2: did you snap us into the middle of an earthquake? Caikes,
Speaker 2: those wooden buildings are all shaky. And look the water
Speaker 2: tower down the streets tipping over. Watch out for that
Speaker 2: horse carriage, Emily, woo.
Speaker 1: This is San Francisco in nineteen o six and that
Speaker 1: was a big earthquake. Winston, Oh, don't worry, we're safe.
Speaker 1: It's all over good.
Speaker 2: I'm glad. But it looks like a lot of the
Speaker 2: wood buildings fell down. That's so sad.
Speaker 1: Yeah, it is really sad. The nineteen oh six earthquake
Speaker 1: in San Francisco is a pretty famous one that did
Speaker 1: a lot of damage. But it's also part of the
Speaker 1: story I want to share with you about banking. Today.
Speaker 2: Everyone's rushing around and panicking except for that guy with
Speaker 2: the big mustache standing by the saloon looking building.
Speaker 1: That man is Amideo g Nym, the banker I told
Speaker 1: you about, and that is his first bank, the Bank
Speaker 1: of Italy, which was inside an old saloon he fixed
Speaker 1: up to be a bank. Good observation, Winston.
Speaker 2: Wait, the Bank of Italy. But you said this with
Speaker 2: San Francisco. Why would the Bank of Italy be all
Speaker 2: the way here?
Speaker 1: Great question. Giannini came from a family of immigrants from Italy.
Speaker 1: He started working in the family business as a merchant
Speaker 1: who sold fruits and vegetables, but later he worked as
Speaker 1: a director at the large bank here in San Francisco.
Speaker 1: But while working there, Gianini noticed something he really wanted
Speaker 1: to change.
Speaker 2: He thought all banks should be inside smelly old saloons.
Speaker 1: No, not exactly, Winston. Gianini noticed that most banks at
Speaker 1: the time would only open accounts for very wealthy people.
Speaker 1: And you know he didn't think that was fair.
Speaker 2: Wealthy so rich people, huh, I mean, I guess that
Speaker 2: makes sense. You do need money to use a bank.
Speaker 1: That's true, but the hard working immigrants made money too,
Speaker 1: and they also needed a place to keep it safe.
Speaker 1: Gianini trusted these people to save and pay back money
Speaker 1: that they borrowed. And since the other banks only helped
Speaker 1: those who already had big bucks, Giannini decided to start his.
Speaker 2: Own Oh I get you, and he called it the
Speaker 2: Bank of Italy because that's where his family came from. Right,
Speaker 2: very cool. But did his bank only help people who
Speaker 2: were from Italy?
Speaker 1: No, it was for everyone, whether you had a little
Speaker 1: or you had a lot. Oh and guess what was
Speaker 1: happening close to San Francisco at the time. What's that, Emily, No,
Speaker 1: I'll give you a hint. You already mentioned it back
Speaker 1: at the lab.
Speaker 2: The California gold Rush.
Speaker 1: Yes, the California gold Rush. So gian Nini went door
Speaker 1: to door explaining how their gold and silver would be
Speaker 1: safer in his bank than under their beds.
Speaker 2: And it worked.
Speaker 1: His bank became a huge success.
Speaker 2: That's awesome. But what made his bank better than the
Speaker 2: other ones?
Speaker 1: Well, Giannini saw what was happening after the earthquake and
Speaker 1: had a great idea. He knew there were fires and
Speaker 1: some of the fallen buildings due to the earthquake, and
Speaker 1: he thought pretty soon a lot of the city would
Speaker 1: burn down.
Speaker 2: Yikes, that's scary, I know, but.
Speaker 1: He was right. So Giannini took his bags of gold
Speaker 1: coins and put them in the back of his big
Speaker 1: wagon to keep it safe, and the driver helped him
Speaker 1: take the money away to his house way out in
Speaker 1: the country, away from the fires.
Speaker 2: What mud be afraid of robbers and bandits?
Speaker 1: Uh huh. But get this, he hid the money behind
Speaker 1: bags of garbage in the wagon, so no one knew
Speaker 1: and the gold coin stayed safe.
Speaker 2: Oh wow, that's a pretty smart banker, Emily.
Speaker 1: You're right, because guess what. All the other big banks
Speaker 1: had huge metal vaults full of pay for money, and
Speaker 1: after the earthquake, the fires burnt the city and made
Speaker 1: the vault really really hat.
Speaker 2: Why didn't they just get special firemen's gloves and take
Speaker 2: all the money out.
Speaker 1: Well, because the fires burned for a long time, so
Speaker 1: they couldn't open the vaults. If they did, the fire
Speaker 1: would rush in and burn all the paper money inside,
Speaker 1: So people had to wait weeks and weeks and weeks
Speaker 1: until they were able to get that money, and they
Speaker 1: got pretty frustrated.
Speaker 2: So it paid off to have money and coins.
Speaker 1: Yes, it paid off.
Speaker 2: So then Giannini used his gold coins to build up
Speaker 2: his bank, a bank that would help everyone, not just
Speaker 2: the rich people.
Speaker 1: He did. Giannini decided to set up a bank on
Speaker 1: the sidewalk since he was the only banker who could
Speaker 1: do business while the others waited to open up, and
Speaker 1: he lowed people money to rebuild after the big earthquake.
Speaker 1: And his bank became so successful that he opened new
Speaker 1: locations all over the world, and his bank got a
Speaker 1: new name, the Bank of America. You can still visit
Speaker 1: them today.
Speaker 2: Oh wow, And all from a bank that starts in
Speaker 2: some old pub in the wild West. If I was
Speaker 2: going to start a new kind of bank, I'd start
Speaker 2: one for kids, because normal banks don't really let kids
Speaker 2: use them.
Speaker 1: Actually, some kids do have their own bank.
Speaker 2: Accounts, But what about a bank just for kids.
Speaker 1: Definitely a new kind of bank.
Speaker 2: Let's go back to the lab. We can take your
Speaker 2: coins to the bank and then we can work on
Speaker 2: my bank plan.
Speaker 1: You're right, Winston, Back to the lab.
Speaker 2: Are you ready for Winston's billion dollar Banker Quiz show.
Speaker 2: I've searched up a few fun trivia questions about bankers
Speaker 2: for you.
Speaker 1: Okay, I'm ready, Whinson.
Speaker 2: Question one, what does a banker mainly help with? Is
Speaker 2: it A designing new coins and bills, B helping people
Speaker 2: save and manage their money, or c giving tours of
Speaker 2: the bank.
Speaker 1: Oh good question.
Speaker 2: Hmm.
Speaker 1: Designing new coins would be really fun, but I think
Speaker 1: the correct answer is B. Bankers help people save and
Speaker 1: manage money, ding mingding.
Speaker 2: That is right, very good, Emily, and that is why
Speaker 2: you're the boss. Okay, that was an easy one though,
Speaker 2: because we talked about that today.
Speaker 1: All right.
Speaker 2: Question two, what could a banker do for a person
Speaker 2: who wants to save money? Is it A give them
Speaker 2: personal shopping advice, B offer them art classes, or c
Speaker 2: help them open a savings account.
Speaker 1: Ooh okay, personal shopping advice might help, but I don't
Speaker 1: think bankers do that. So let's say, see help them
Speaker 1: open up a savings account, ding ding ding.
Speaker 2: You are on a roar.
Speaker 1: I think that's all the time we have for today, Winston.
Speaker 1: We can continue this later. Thanks for joining us today
Speaker 1: on our big Banker adventure. Whether you're saving pennies in
Speaker 1: your own piggy bank or dreaming big, every banker starts
Speaker 1: with an interest in numbers and helping others. See you
Speaker 1: next time, he Winson. Are you curious for more, check
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Speaker 1: They have a ton of original games and videos and
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