The History Of Money – From Barter To Digital Cash
Money is very much a part of our daily lives. Sure, we all have various levels of income and expenses, but at the end of the day, we all use money and need it, in some measure, to get by. It has practically become a part of nature for us to make payments by card, cash, coins or check, and we don’t even think about it. But, how did we get here? Follow us as we take a look at how the monetary system came to be, by following the footsteps through time to where it all began! Let’s find out the origins and evolution of currency!
The Barter System Before Money
Wealth is not necessarily only monetary, as we also view people with many possessions as wealthy, like those with large numbers of livestock. Money is actually one of the most significant and one of the earliest inventions of civilizations. Currency is an essential element in trade development. Without money, the remaining means of trade is the barter system, which develops between two people who each possesses something the other desires. This barter system is the root of our monetary system. In this system, if you desire something, you require something to exchange with the person who has what you desire, and so it is quite limiting and complex.
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