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MessagePosté le: Jeu 6 Juil - 17:50 (2017)    Sujet du message: History Of Money IntroBooks Répondre en citant


History of Money
by IntroBooks



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The history of money tells us of the development of the means through which transactions can be carried out with the help of a medium of exchange. For eons now, man has been exchanging goods for a certain price. This price came either in the form of other goods or money. The interesting journey of money from barter products to bitcoin and electronic money covers different ways in which societies and cultures perceived money.

There were a lot of things that were used as a medium of exchange before money made its appearance. These included livestock, vegetables, and grains, which were useful for the people. But then there were other things like cowrie shells and beads that were used for money solely because they were very attractive. Precious metals and stones were also used as a medium of exchange because of their usefulness and attractiveness.

In the modern world, money has gained a different aspect. It does not require an exchange of produce or commodities. Instead, it relies on the exchange of currencies. Money is available today in different forms like currency notes, coins, credit cards, and electronic funds.

In as early as 350 BC, the Greek philosopher Aristotle spoke about the importance of an object for bartering it or selling it. The first official currency is said to be minted in 600 BC in Lydia, which is modern day Western Turkey. But there has been evidence that money may have existed before this in various other cultures and cities.

Gradually, the idea of giving monetary value to a relatively insignificant object in order to use it as money became a popular idea. This gave rise to bank notes, which are otherwise just a simple piece of paper with no value.








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1889 Names Added to Portraits Legislation mandates that all banknotes and other securities containing portraits include the name of the individual below the portrait(To read more about gold, see What Is Wrong With Gold?) Not Just a Piece of Paper Just when it looked like Lydia was taking the lead in currency developments, in 600 B.C., the Chinese moved from coins to paper moneyStill cast in bronze rather than struck, they have a square hole in the middle - a shape characteristic of far eastern coins for the next two millennia1990 Security Thread and Microprinting A security thread and microprinting are introduced in Federal Reserve notes to deter counterfeiting by copiers and printersWhen the Restriction Period ends, in 1821, the British government takes the precaution of introducing the gold standardLater kings of the Carolingian dynasty standardize the penny, decreeing that 240 are to be struck from a pound of silverJust months after his exploits near Concord, it was Revere who was tasked with designing the engraving plates for the first Continental currency, or Continentals, produced by Massachusetts to fund the warReturn On Investment - ROI A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different They even engage in book transactionsThis system of barter and trade spread across the world, and it still survives today on some parts of the globe

2013 The Redesigned $100 Note In its first redesign since 1996, the new-design $100 note features additional security features including a 3-D Security Ribbon and color-shifting Bell in the InkwellWealth compressed into the convenient form of gold brings one disadvantageEight years later, when the British parliament finally decided to get rid of the thousands of leftover tally sticks being kept in storage, they decided to burn them in an underground furnace that heated the House of Lords, resulting in a massive fire that destroyed most of the complexthe worst fire to hit London since the Great Fire of 1666Without it there is only barter, a relationship between two people each of whom has something which the other wantsbanknotesSearch the site GO

Greek cities, to the west of Lydia, and the great Persian empire to the east are quick to adopt the useful new technique of metal currencyChina created the worlds first paper moneyRelated Articles Money, money, money: a piece of history in your hand 19 Mar 2014 Guinea, sovereign, shilling: history of British coinage 31 Oct 2013 A history of sterling 08 Oct 2001 World's first bitcoin ATM to launch this week 28 Oct 2013 How to make 40,000 in six months 28 Oct 2014 This infographic was created by barter trading exchange BartercardBy 1770 the price of a single slave is about 150,000 cowriesIf you changed your mind, please contact us and indicate that you would like to subscribe to HISTORY emailsBrief biography of Glyn Davies See also money in fictionTelegraph.co.uk Thursday 29 June 2017 Home Video News World Sport Business Money Comment Culture Travel Life Women Fashion Luxury Tech Film Advertisement Home Finance Business Club Money The history of money: from barter to bitcoin Money has been a part of human history for almost 3,000 yearsAt the height of the Russian fur trade these pelts had became so valuable that they were called soft gold and accepted as hard currency throughout the empireAnother half century passes before the next bank notes are issued in Europe, again by a far-sighted financier whose schemes come to naught

The Federal Reserve Board issues new currency called Federal Reserve notes1957 “In God We Trust” Following a 1955 law requiring In God We Trust on all currency, the motto first appears on banknotes on series 1957 $1 silver certificates, then on 1963 series Federal Reserve notesThey soon took the familar round form of today, and were stamped with various gods and emperors to mark their authenticityIn an effort to lower manufacturing costs, all Federal Reserve notes are made about 30 percent smallermeasuring 6.14 x 2.61 inches, rather than 7.375 x 3.125 inchesMore details: Privacy Policy Terms of Use Contact Us You're almost done! You will soon receive an activation emailMany poor women in India today still wear their limited wealth in this way, even when working in the fields or on the roadsLike the earlier coins, his are still stamped on just one sideThis essay covers conflicts from the wars between Ancient Greece and Persia to World War IIFiat is the Latin word for "let it be done." Money is now given value by a government fiat or decree.In other words, enforceable legal tender laws were made

1929 Standardization of Design The appearance of U.SHumanities &#155 History & Culture The History of Money Share Pin Email Robert Clare/ Taxi/ Getty Images History & Culture Inventions Famous Inventions Basics Famous Inventors Patents & Trademarks Timelines Computers & Internet American History African American History African History Ancient History & Culture Asian History European History Genealogy Latin American History Medieval & Renaissance History Military History The 20th Century Women's History View More by Mary Bellis Updated March 26, 2017 Money is anything that is commonly accepted by a group of people for the exchange of goods, services or resourcesIt has been calculated that during the 18th century more than 10,000 tons of these shells are brought round the Cape8 Things You May Not Know About Money November 27, 2012 By Barbara Maranzani Share this: facebook twitter google+ Print Cite Article Details: 8 Things You May Not Know About Money Author Barbara Maranzani Website Name History.com Year Published 2012 Title 8 Things You May Not Know About Money URL Access Date July 06, 2017 Publisher A+E Networks Facebook Twitter Google They say money makes the world go round, and long before the invention of money as we know it, people were using goods such as salt, cattle and even weapons as forms of currencythe Latin Monetary Union of 1861-1920, the Scandinavian Monetary Union which lasted until 1924, and the Zollverein of 1834 which led to political union between the German statesNOVA MENU Watch TV Schedule Education Shop NOVA Watch TV Schedule Education Shop NOVA SearchThe term greenback, a now-common term for money, also traces its origins to the warLater they are supplemented by gold rings for smaller sumsThe enthusiastic adoption of paper money and its suppression by the British was a factor in provoking the American revolution, which was financed by hyperinflation 07f867cfac


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