Wednesday, January 30, 2019

History of Money Essay

Money is what you practice to buy things. The idea of traffic things is rattling old. A long time ago, people did not buy or sell with money. Instead, they barterd one thing for other to get what they wanted or ask. One person who owned many intimidates could trade with another person who owned much shuck. Each would trade a curt of what he had with the other, and support the people on his farm. This is known as barter. some other things that were easier to carry close to than cows also came to be held as valuable, and were utilize as trade items, such as jewelry and spices. When people changed from trading in things like cows and wheat to exploitation money instead, they needed things that would last a long time, still be valuable, and could be carried around. The depression country in the world to make metal coins was called Lydia, sometime around 650 BC, in the western part of what is now Turkey.The Lydian coins were made of a weighed add together of precious metal a nd were stamped with a picture of a lion. This idea in brief spread to Greece, the rest of the Mediterranean, and the rest of the world. Coins were all made to the same sizing and shape. In some parts of the world, different things have been used as money, like clam shells or blocks of salt. Besides being easier to carry than cows, using money had many other advantages. Money is easier to divide than many trade goods.If someone own cows, and wants to trade for only half a cows worth of wheat, he probably does not want to have intercourse his cow in half. But if he sells his cow for money, and buys wheat with money, he piece of tail get exactly the amount he wants. Cows die, and wheat rots. But money lasts longer than most trade goods. If someone sells a cow for money, he can save that money away until he needs it. He can always leave it to his children when he dies. It can last a very long time, and he can use it at any time.

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