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March 23, 2024 13 mins

Have you ever wondered where your piggy bank comes from, or what pigs have to do with money in the first place? 🐷 Well, look no further! In this episode, Emily teaches Winston about the important roles piggy banks 🏦 and real life banks play in keeping our money safe, and how it all began with an earthquake! 🌍

Episode Transcript.

***** Parents, in the Lingokids app, we have plenty of interactive activities, games, songs, and more that blend educational subjects and modern life skills to help get your kids ready for today's changing world! From math to making friends, reading to resilience, collaboration, creativity, and so much more, spark curiosity, imagination, and success with Lingokids!  *****

A Lingokids Original podcast produced by Paradiso Media
Starring Emily Calandrelli as Herself and Brock Powell as Winston.
Executive Producers: Emi Norris, Benoit Dunaigre, Lorenzo Benedetti, Louis Daboussy
Supervising Producer: Agathe Bouzat
Producer: Abi McNeil
With additional production support from Molly O’Keefe, Aimie Faconnier
Head Writer: Blake Knight
Associate Producer: Brendan Galbreath
Production Coordinators: Maddy Weinberg, Lucine Dorso
Editor: Marin Grizeaud
Theme Song Written by: Fredrika Stahl
Theme Song Composed by: Fredrika Stahl
Music Production: Dimitri Peronno
Theme Song Performed by: The Angel City Youth Chorale directed by Heather Catalena
Recording Engineers: Bill Trousdale at Audiovisions and Jason Schimmel at Bunker Studios
Legal Services: Lisa Nitti, Ludye Nisol, Alix d’Argentré
Special thanks to: Yael Even Or, Winfred Neisser

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey there, welcome to Grown Up with Emily, a Lingo
kids podcast. It helps kids discover how to be whatever
they want to be growing up. Well, hey, Winson, did

(00:32):
you know that one really big, well known bank began
because of a massive earthquake?

Speaker 2 (00:37):
Really that's crazy. How did earthquake help start a bank?
Talk about a shakeup.

Speaker 1 (00:44):
We'll find out today as we explore the world of
busy bankers. Hey there, Winson.

Speaker 2 (00:50):
Oh hey, what's up? Emily?

Speaker 1 (00:52):
Just getting ready to go run to Eron's. Can you
put this big jar on the table for me?

Speaker 2 (00:56):
Oh? Sure? Oh this is really heavy.

Speaker 1 (01:00):
Yeah, yeah, I care for Winston. Keep it steady, don't
let it go. It's fragile, it's wife.

Speaker 2 (01:07):
Uh sorry, Emily, I didn't mean to smash your coin jar.

Speaker 1 (01:11):
Oh don't worry, Whinston. It's just a piggy bank. I
was planning on taking it to the bank later. No
big deal.

Speaker 2 (01:18):
Wait that jar full of coins was your piggy bank?
Oh man, now I feel really bad. Hold on, aren't
piggy banks usually shaped like piggies?

Speaker 1 (01:29):
Well some of them are. I want to know where
the name piggy bank actually comes from.

Speaker 2 (01:35):
Sure?

Speaker 1 (01:36):
Well, back in the Middle Ages, people kept coins and
bowls and jars made out of a kind of orange
clay called pig pygg, which is spelled differently than pig
pig the animal.

Speaker 2 (01:50):
WHOA, So old timey people kept their money in jars,
just like you. Yeah, you know, Emily, I was wondering
why do we need coins today? Anyway? Most people just
buy things with their phones or computers or credit cards
you tap on little screens at the store.

Speaker 1 (02:04):
You're right, most banking is done online these days.

Speaker 2 (02:08):
But before computers and all that, people just carried money
around with them, right, like coins and dollars.

Speaker 1 (02:13):
Yep. And a really long time ago, there were only
coins or other valuable things people used to sell and trade,
like spices or silver or sparkly valuable gymstones.

Speaker 2 (02:26):
Whoa, So there were banks that kept spices? Were there
cinnamon banks? What about candy banks? I'd like to work
there me too.

Speaker 1 (02:36):
Well, in ancient times, people would store really valuable things
and temples instead of banks, not candy, I don't think,
but more than coins, for sure, and that developed into
early versions of the banks that we used today.

Speaker 2 (02:51):
It must be really boring to be a bank person
these days.

Speaker 1 (02:55):
You mean people who work at the banks. They're called bankers,
all right.

Speaker 2 (03:01):
But yeah, people don't really need to go into banks
anymore because they just go online to check their money. Right.
I wouldn't like sitting there all alone in the bank
all day with no one to talk to if I
was a banker these days.

Speaker 1 (03:12):
Oh, I can see why you'd think that, Winston. But
there are still a lot of reasons people need to
go into banks, and there's a lot of different types
of bankers too, but they mainly help people manage their money,
save it and keep track of it. Oh. Here, I
think we got them all. Thank you so much for
helping me pick those up. Sure thing, you're welcome, No

(03:34):
pig deal, I get it, very clever, Winston.

Speaker 2 (03:39):
Hey, if this piggy bank was a real bank, what
would I do if I worked there?

Speaker 1 (03:44):
Right? Let's see, Okay, you pretend to be the banker. Okay, okay,
So bankers that work in the bank behind the counter
are called personal bankers and all be the customer or
clients the coins in the bowler. So that would be
my bank account.

Speaker 2 (04:02):
Oh okay, hello, ma'am, welcome to Piggy Savings Bank. I'll
be your banker today.

Speaker 1 (04:10):
It's stilly Hi there, mister banker, I'd like to make
a deposit.

Speaker 2 (04:15):
Please, okay, deposit. I don't know what that is, but
I will try to help.

Speaker 1 (04:21):
Okay, So I give you the banker, some money, and
you add it to my account. And also, sir, I'd
like to withdraw funds.

Speaker 2 (04:33):
Oh withdraw say? Does that mean I give you some
of your money back?

Speaker 1 (04:39):
Yes, exactly Whinson.

Speaker 2 (04:41):
And also I count your money. I probably have to
be good at math, which luckily I am.

Speaker 1 (04:46):
Today bankers have special machines that help them count money too,
which is very helpful.

Speaker 2 (04:52):
Oh, robocounters nice. And they have machines that can deposit
checks for you too, right, I've seen those before.

Speaker 1 (04:59):
Exactly. Now, you the banker, also get to take a
few coins for yourself too.

Speaker 2 (05:04):
Oh boy, for real. So the bankers make some money too.

Speaker 1 (05:08):
Of course, as the banker, you helped keep my money safe.
So the bank and people who work there need to
be paid for their work too.

Speaker 2 (05:16):
Hey, Emily, I bet I can guess the first banker
that ever existed.

Speaker 1 (05:22):
Really, Okay, then give it a try.

Speaker 2 (05:24):
Uh Okay, Well, I bet it was someone who kept
people's gold safe way back during the gold rush when
people were digging for big old nuggets. I've seen a
lot of old movies about sneaky old gold robbers.

Speaker 1 (05:37):
Ooh, I love those movies. And actually a lot of
banks did start up during the gold Rush because so
many people were striking it rich. In the wild West.
A merchant called Amadeo Piedro gn Me started a bank
of his very own. In fact, Giannini invented some of
the banking systems we still use today. Hey, why don't

(05:58):
we take a trip back in time to check out
what he did?

Speaker 2 (06:01):
That would be awesome. Okay, go for it, Joe, Emily,
did you snap us into the middle of an earthquake? Caikes,
those wooden buildings are all shaky. And look the water
tower down the streets tipping over. Watch out for that
horse carriage, Emily, woo.

Speaker 1 (06:22):
This is San Francisco in nineteen o six and that
was a big earthquake. Winston, Oh, don't worry, we're safe.
It's all over good.

Speaker 2 (06:32):
I'm glad. But it looks like a lot of the
wood buildings fell down. That's so sad.

Speaker 1 (06:38):
Yeah, it is really sad. The nineteen oh six earthquake
in San Francisco is a pretty famous one that did
a lot of damage. But it's also part of the
story I want to share with you about banking. Today.

Speaker 2 (06:50):
Everyone's rushing around and panicking except for that guy with
the big mustache standing by the saloon looking building.

Speaker 1 (06:57):
That man is Amideo g Nym, the banker I told
you about, and that is his first bank, the Bank
of Italy, which was inside an old saloon he fixed
up to be a bank. Good observation, Winston.

Speaker 2 (07:10):
Wait, the Bank of Italy. But you said this with
San Francisco. Why would the Bank of Italy be all
the way here?

Speaker 1 (07:17):
Great question. Giannini came from a family of immigrants from Italy.
He started working in the family business as a merchant
who sold fruits and vegetables, but later he worked as
a director at the large bank here in San Francisco.
But while working there, Gianini noticed something he really wanted
to change.

Speaker 2 (07:36):
He thought all banks should be inside smelly old saloons.

Speaker 1 (07:40):
No, not exactly, Winston. Gianini noticed that most banks at
the time would only open accounts for very wealthy people.
And you know he didn't think that was fair.

Speaker 2 (07:51):
Wealthy so rich people, huh, I mean, I guess that
makes sense. You do need money to use a bank.

Speaker 1 (07:58):
That's true, but the hard working immigrants made money too,
and they also needed a place to keep it safe.
Giannini trusted these people to save and pay back money
that they borrowed. And since the other banks only helped
those who already had big bucks, Giannini decided to start
his own.

Speaker 2 (08:16):
Oh, I get you, and he called it the Bank
of Italy because that's where his family came from. Right.
Very cool. But did his bank only help people who
were from Italy?

Speaker 1 (08:26):
No, it was for everyone, whether you had a little
or you had a lot. Oh and guess what was
happening close to San Francisco at the time. What's that, Emily, No,
I'll give you a hint. You already mentioned it back
at the lab.

Speaker 2 (08:41):
The California gold Rush.

Speaker 1 (08:43):
Yes, the California gold Rush. So Giannini went door to
door explaining how their gold and silver would be safer
in his bank than under their beds.

Speaker 2 (08:53):
And it worked.

Speaker 1 (08:54):
His bank became a huge success.

Speaker 2 (08:56):
That's awesome. But what made his bank better than the
other ones?

Speaker 1 (09:01):
Well, Giannini saw what was happening after the earthquake and
had a great idea. He knew there were fires and
some of the fallen buildings due to the earthquake, and
he thought pretty soon a lot of the city would
burn down.

Speaker 2 (09:14):
Yikes, that's scary, I know, but he was right.

Speaker 1 (09:18):
So Giannini took his bags of gold coins and put
them in the back of his big wagon to keep
it safe, and the driver helped him take the money
away to his house way out in the country, away
from the fires.

Speaker 2 (09:30):
What might be afraid of robbers and bandits.

Speaker 1 (09:33):
Uh huh. But get this, he hid the money behind
bags of garbage in the wagon, so no one knew
and the gold coin stayed safe.

Speaker 2 (09:43):
Oh wow, that's a pretty smart banker, Emily.

Speaker 1 (09:46):
You're right because guess what. All the other big banks
had huge metal vaults full of pay for money, and
after the earthquake, the fires burnt the city and made
the vault really really hat.

Speaker 2 (10:00):
Why didn't they just get special firemen's gloves and take
all the money out.

Speaker 1 (10:04):
Well, because the fires burned for a long time, so
they couldn't open the vaults. If they did, the fire
would rush in and burn all the paper money inside,
So people had to wait weeks and weeks and weeks
until they were able to get that money. And they
got pretty frustrated.

Speaker 2 (10:22):
So it paid off to have money and coins.

Speaker 1 (10:24):
Yes, it paid off.

Speaker 2 (10:26):
So then Giannini used his gold coins to build up
his bank, a bank that would help everyone, not just
the rich people. He did.

Speaker 1 (10:34):
Giannini decided to set up a bank on the sidewalk
since he was the only banker who could do business
while the others waited to open up, and he loaned
people money to rebuild after the big earthquake, and his
bank became so successful that he opened new locations all
over the world and his bank got a new name,
the Bank of America. You can still visit them today.

Speaker 2 (10:57):
Oh wow, And all from a bank that starts in
some old pub in the wild West. If I was
going to start a new kind of bank, I'd start
one for kids, because normal banks don't really let kids
use them.

Speaker 1 (11:09):
Actually, some kids do have their own bank.

Speaker 2 (11:11):
Accounts, But what about a bank just for kids.

Speaker 1 (11:15):
Definitely a new kind of bank.

Speaker 2 (11:17):
Let's go back to the lab. We can take your
coins to the bank and then we can work on
my bank plan.

Speaker 1 (11:22):
You're right, Winston, Back to the lab.

Speaker 2 (11:27):
Are you ready for Winston's billion dollar banker Quiz show.
I've searched up a few fun trivia questions about bankers
for you.

Speaker 1 (11:36):
Okay, I'm ready, Whinson.

Speaker 2 (11:38):
Question one, what does a banker mainly help with? Is
it A designing new coins and bills, B helping people
save and manage their money, or c giving tours of
the bank.

Speaker 1 (11:52):
Oh good question.

Speaker 2 (11:54):
Hmm.

Speaker 1 (11:55):
Designing new coins would be really fun, but I think
the correct answer is B. Bankers help people save and
manage money.

Speaker 2 (12:03):
Ding mingding. That is right, very good, Emily, and that
is why you're the boss. Okay, that was an easy
one though, because we talked about that today.

Speaker 1 (12:12):
All right.

Speaker 2 (12:12):
Question two, what could a banker do for a person
who wants to save money? Is it A give them
personal shopping advice, B offer them art classes, or c
help them open a savings account.

Speaker 1 (12:26):
Ooh okay, personal shopping advice might help, but I don't
think bankers do that. So let's say, see help them
open up a savings account, ding ding ding.

Speaker 2 (12:37):
You are on a roar.

Speaker 1 (12:39):
I think that's all the time we have for today, Winston.
We can continue this later. Thanks for joining us today
on our big banker adventure. Whether you're saving pennies in
your own piggy bank or dreaming big every banker starts
with an interest in numbers and helping others. See you
next time, he Winson. Are you curious for more, check

(13:18):
out Lingo Kids, the number one learning app for kids.
They have a ton of original games and videos and
songs that are fun, educational and can help boost your math, reading,
and literacy skills. Download the Lingo Kids app and give
it a try for free.
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