KS3 Britain's Black History - Gold

The video explores the historical significance of London's financial district, focusing on the Bank of England and the origins of gold. It highlights the wealth of Mansa Musa and the trade importance of Timbuktu. The introduction of the Guinea coin and its economic impact are discussed, emphasizing gold's fluctuating value and its role in Britain's economy.

What was the role of goldsmiths in the financial history of London before the establishment of the Bank of England?

• They controlled money and lent it to the King.

• They imported gold from Asia.

• They were responsible for minting coins.

• They were the first to establish a bank.

Which city was a major center of trade in 1325, attracting merchants from various regions?

• Lisbon

• Venice

• Timbuktu

• Cairo

Who was Mansa Musa, and why is he significant in the context of African and world history?

• A European explorer who discovered gold in Africa.

• A wealthy African king known for his immense riches.

• The founder of the Bank of England.

• A merchant from Venice trading in Timbuktu.

What was the original intended value of the Guinea coin introduced in 1663?

• 30 Shillings

• 5 Pounds

• 1 Pound

• 10 Shillings

Why does the price of gold tend to rise during times of crisis?

• It is used more in manufacturing.

• Governments increase gold production.

• People seek it as a safe investment.

• Gold becomes more abundant.