why money was invented

Cows? So at the same time that humans invented money, they'd also invented debt. Representative money was backed by a government or bank's promise to exchange it for a certain amount of silver or gold. See more ideas about cool cars, dream cars, cool bikes. In primitive ages, a mechanism known as the barter system was used by people to carry out their mutual transactions. On April 2, 1792, the United States Congress created the United States dollar as the country's standard unit of money. 4. It is believed that the invention of this early form of paper was accidental after clothes, which were made of hemp, were left too long after washing, and a residue formed in the water which could then be pressed into a useful new material. fxcompared. 0 0. Before money was invented people use to pay for things by trading them. American University apporte un financement en tant que membre adhérent de The Conversation US. At first, this was done under a barter system, then there was the exchange of precious metals and stones and then came what we now recognise as money. Share on Pinterest. Money is actually an abstraction of a thing’s value. The most direct precise simple answer is – money was created to make our life easier for the following reasons (that I can think of): Goods are too Heavy - If I want to trade my cow with your chickens, I need to bring along my cow to you and carry your chickens back. The earliest known mints date to 650 and 600 B.C. What is natural money? And then, there were many regional variations associated with the perceived worth of goods and articles. b: Money was invented to support a barter economy. Answer (1 of 16): Exact date and year of the invention of paper money is hard to determine, but it is believed that the paper money was first used in 600AD in China. This coin was issued by Emperor Yongle of the Ming Dynasty. After this many societies began to use commodity money which is using commodities such as salt, rice, sugar etc to pay for other goods. By Kate Raworth ‘Buy land – they aren’t making it any more,’ quipped Mark Twain. However, formatting rules can vary widely between applications and fields of interest or study. Money was invented to facilitate the exchange of goods and cervices. It's more fair,hygienic and a real currency. This should be clear to plenty of people, but in the last decade, over and over and over again, we've seen companies keep trying to bring back the concept of bartering, as if it were something new and wonderful. The discovery of hordes of coins of lead, copper, silver and gold all over the globe suggests that coinage – especially in Europe, Asia and North Africa – was recognized as a medium of commodity money at the beginning of the first millennium A.D. Objects that occurred rarely in nature and whose circulation could be efficiently controlled emerged as units of value for interactions and exchange. An anthropologist explains the early origins and uses of money – and how archaeological finds fill in our picture of the past. Share with your friends . Here is how its use spread through other dynasties and around the world. Bank money, or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio. Pages can include limited notes and … What do they all have in common? It’s hard to accurately date interactions involving currency of various kinds, but evidence suggests they emerged from gift exchanges and debt repayments. That’s hard to remember: we grow used to … Why was paper money invented? If you think of it money is a much more consistent form to trade with as it can be stored, transferred and transformed easily into other goods and commodities. Lol. I don't know who invented money but I know why money was invented. The Ancient Chinese invented paper and money. Money and Credit 1 See answer rathnapantiabi is waiting for your help. The Chinese were the first to devise a system of paper money, in approximately 770 B.C. Captcha. Money in form of gold or silver coins is called. It was never the only method of exchange of goods and services, mostly because it wasn't able to sustain itself. In the early days of the web there were a bunch … Find many great new & used options and get the best deals for COMMOM CENTS: WHY MONEY WAS INVENTED, STUDENT BOOK, SINGLE COPY (NEALE GODFREY M at the best online prices at eBay! Defining Money. c: Money was invented to strengthen gov't power and control. Since time immemorial, there has been trade between people. Other articles you might be interested in. They were all money. Today, there is some $1.2 trillion in coins and paper money in circulation in America. Ruth Schuster. The word 'money' has some 5000 years of history. The efficiency gains go higher with the use of money and this encourages trade and division of labor. Lv 7. Origin and Emergence. First, people bartered, making direct deals between two parties of desirable objects. 1 decade ago. Precious metals have had ornamental uses throughout history and that could be one reason why they were adopted for use as money in many ancient societies and civilizations. Money is valuable merely because everyone knows that it … a: Money was invented to facilitate the exchange of goods and services. Apollo. Hi, the whole reason that money was invented was that bartering isn't a particularly efficient means of paying for goods and services. The spine may show signs of wear. But of course that isn't very hygienic and it wasn't a real currency system. Pages can include limited notes and highlighting, and the … points to premodern commerce (1250 B.C. Counterfeiting Began Even Before Money Was Invented, Archaeologists Deduce . Coinage as commodity money owes its success largely to its portability, durability, transportability and inherent value. The paper, a sort of promissory note, could then be traded for goods, and the seller could go to the agent and redeem the note for the … In fact, when the famous traveler Marco Polo visited China, somewhere between 1275 and 1292, he found paper money so intriguing that he dedicated a whole chapter to it in his book. The Ancient Chinese invented paper and money. Money wasnt invented by just one person. Paper currency is the most common form of physical money we all know. But of course that isn't very hygienic and it wasn't a real currency system. Coinage was not just a local affair but also a way of leaving a calling card, a signature and a symbolic token of connections. Evidently there always was one born every minute, and as the great civilizations around the Mediterranean collapsed 3,000 years ago, silver became extremely hard to obtain. It’s a maxim that would … Paper money is an invention of the Song Dynasty in China in the 11th century CE, nearly 20 centuries after the earliest known use of metal coins. *FREE* shipping on qualifying offers. The popular cereal was first made back in 1894 by John Harvey Kellogg. The Maritime Silk Road trade, which occurred between A.D. 700 to 1450, connected Europeans, Asians and Africans in a global trade that was both transformational and foundational. Are you an author? Because gold coins manufactured before the amount of gold in pound coins was standardised contained more gold, and therefore were worth more money. Money is actually an abstraction of a thing’s value. Being shrewd business people, the Chinese found the … - A.D. 1450), used tally sticks as evidence for remembering debt, earliest examples of a successful global trade, merchants from the Near East and South Asia. Before money was invented people use to pay for things by trading them. To some, the fact that Satoshi, the “inventor of Bitcoin”, is an unidentified person or group of people, raises some red flags. Even as currency continues to evolve in our digital age, its uses today would still be familiar to our ancient predecessors. Lack for … On the East African coast, there were local merchants and kings of the local Swahili who followed Islam and cultivated these external contacts with other Indian Ocean traders. So "money" was invented as a permanent replacement to the old system. Medieval English tally sticks recorded transactions and monetary debts. Money evolved rather than being invented, as such. The abundance and nearly universal evidence of movement of exotic goods over diverse regions inhabited by people who were independent of each other – from hunter-gatherers to pastoralists, to farmers and city dwellers – points to the significance of currency as a uniting principle. Moreover, the intricacies of transactions was only going to increase with the advent of development and unearthing of more and more resources. Money soon became an instrument of political control. These included shells such as mother-of-pearl that were widely circulated in the Americas and cowry shells that were used in Africa, Europe, Asia and Australia. While paper money was certainly easier to carry in large amounts, using paper money had its risks: counterfeiting and inflation. Get email notification for articles from Ruth Schuster Follow. There are many theories about the origin of money, in part because money has many functions: It facilitates exchange as a measure of value; it brings diverse societies together by enabling gift-giving and reciprocity; it perpetuates social hierarchies; and finally, it is a medium of state power. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied. Submit. There is no evidence, historical or contemporary, of a society in which barter is the main mode of exchange; instead, non-monetary societies operated largely along the principles of gift economy and debt. So "money" was invented as a permanent replacement to the … The whole reason that money was invented was that bartering isn't a particularly efficient means of paying for goods and services. *FREE* shipping on qualifying offers. Money came a bit later. COMMOM CENTS: WHY MONEY WAS INVENTED, STUDENT BOOK, SINGLE COPY (NEALE GODFREY MONEY PROGRAM) by Education, Pearson. Professor of Anthropology, American University. Sometimes you run across a grimy, tattered dollar bill that seems like it’s been around since the beginning of time. Giant stones sunk under the sea? Disclaimer:A copy that has been read, but remains in clean condition. E.g. Chinese coin from early 1400s found in Kenya by the author. Hypothesis on why money was invented In the beginning, there was a group/family of very self-serving people. Since time immemorial, there has been trade between people. Its form has evolved over the millennia – from natural objects to coins to paper to digital versions. 1 decade ago. Initially, they were issued locally and it was only during the reign of Song Dynasty in 960 that it came as a generally circulating mode of money. Barter would always be used to compliment … Right from the early days of humanity, people felt the need of resources. In the past, as today, no society was completely self-sustaining, and money allowed people to interact with other groups. They’re both wrong, and for the same reason: they haven’t worked out what money really is. Why Money Was Invented (The One and Only Common Cents Series, 1) Time is an American weekly news magazine and news website published and based in New York City.It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder Henry Luce.A European edition (Time Europe, formerly known as Time Atlantic) is published in London and also covers the Middle East, Africa, and, since 2003, Latin America.An Asian edition … So – if you trust that … Chinese coins were small disks of copper and silver with a hole in the center so they could be worn on a belt. This makes for good debates but not necessarily for good history. China invented paper money during the Tang Dynasty that ruled between 618 and 907, and they used this currency for a long time before it found its way to other countries. Long long time ago, people used to trade what they had with other things in order to get what they wanted, for example: "if i wanted to buy a kilo of potato from u, i had to find something and give it to u in order to get the potato from u". Free shipping for many products! What is modern economic growth, and why was it invented in the West? Many societies even adopted a system of charging a set fee for killing a man. Money was invented by the first king of China and paper was invented by a man in China by bamboo. When people talk about who invented money and its use they are basically talking about what essentially is a token. But whatever the format, human beings have long used currency as a means of exchange, a method of payment, a standard of value, a store of wealth and a unit of account. This usually led to unsavoury complexities in all transactions. The first money began in China in note form. 0 1. 1901), L’expertise universitaire, l’exigence journalistique. In most countries, the majority of money is mostly created as M1/M2 by commercial banks making loans. Originally, instead money, goods were traded, shells, crafts, things people needed (food and basic living ingredients such as flour, water, meat, fruit). Obviously, there had to be some kind of a ‘give and take’ mechanism to dictate the transaction of resources. Why was money invented Money is the measure of the most important parameter defining a nation’s status, its economy. used obsidian, mother-of-pearl shell, iron ore and two kinds of pottery as currency to trade across the Americas in one of the earliest examples of a successful global trade. The history of the United States dollar refers to more than 240 years since the Continental Congress of the United States authorized the issuance of Continental Currency in 1775. Contrary to some popular misconceptions, banks do not … Good. Money evolved rather than being invented, as such. However, this wasn’t always the case essentially in the earlier centuries when money was already in existence. These questions have preoccupied historians for a long time. Cowrie Shells? The same patterns unfold today with the modern relationship between China and Africa, now more intertwined and unequal than when Admiral Zheng He first brought coins from China in a diplomatic gesture, as a symbolic extension of friendship across the distance separating the two. All pages are intact, and the cover is intact. More share buttons. When was Money Invented? For example, Americans who lived in the Early Formative Period dating from 1450 to 500 B.C. As the age of administration swayed over the human race, rulers tried to bring in the desired sense of standardization though the implementation of the system of coins made of gold and other precious metals. The arrival of Russian hunters and trappers … Many cultures before the conception of money would barter goods, trading what they did have for what they needed. The desired resources could be available for free in their environment, or … At the time, humanity finally learned how to trade and barter one good for another – 3 donkey’s for 1 cow for instance. Before money was invented, goods and services were exchanged through bartering or using commodities like salt, cattle, or grains. What do they all have in common? Bride-money was invented to compensate for the loss of a daughter's services. People even used live animals such as cows until relatively recent times as a form of currency. Money is the measure of value, and is likely to aid humans in conducting their businesses and transactions for ages to come. Right from the early days of humanity, people felt the need of resources. Only one person ever really ever did—and no, it wasn’t Ayn Rand. The origin story. While it took another century or two for paper money to spread to the rest of the world, China was already going … At first, this was done under a barter system, then there was the exchange of precious metals and stones and then came what we now recognise as money. Currently, bank money is created as electronic money. Neale S. Godfrey (Author), Randy Verougstraete (Illustrator) See all formats and editions … Governments or businesses mark this kind of coin with a promise that this coin is worth what it says it is worth. Voir les partenaires de The Conversation France. Note: Citations are based on reference standards. Governments invented coins with guarantees around 650 BC. However, there were inherent flaws in these systems. Good. - A.D. 1450). Currency first hit the scene thousands of years ago. There is ample archaeological evidence of primitive paper types from the 2nd century BCE in China, largely using hemp. Your Name Your Email Recipient Email Enter a Message. I read that they traded things like animal fur. Rulers like Genghiz Khan are attributed with the invention of the concept of paper notes. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied. Barley, for example, is heavy to carry, so not portable or even durable. Anonymous. Money was invented by the first king of China and paper was invented by a man in China by bamboo. The earliest metal coins came from China, where people used small pieces of bronze to trade things starting around 1500 BC, possibly to replace the cowrie shells they used before that.. The desired resources could be available for free in their environment, or could be in possession of a fellow human being. d: Money was invented to lift people out of poverty. This should be clear to plenty of people, but in the last decade, over and over and over again, we've seen companies keep trying to bring back the concept of bartering, as if it were something new and wonderful. They were all money. Hypothesis on why money was invented In the beginning, there was a group/family of very self-serving people. Therefore, money was created to solve this. Governments or businesses mark this kind of coin with a promise that this coin is worth what it says it is worth. The wide circulation of Roman, Islamic, Indian and Chinese coins points to premodern commerce (1250 B.C. Once people start using money to facilitate trade, whether in the form of shells, barley, feathers, or whale's teeth, some useful characteristics of money become apparent. Chapurukha Kusimba receives funding from the US National Science Foundation (NSF), the US National Endowment for the Humanities (NEH), and the US Institute of Education (USIE). All pages are intact, and the cover is intact. In our time, possession of cash currency differentiates the rich from the poor, the developed from the developing, the global north from the emerging global south. In my own excavation work in 2012, I recovered a 600-year-old Chinese Yongle Tongbao coin at the ancient Kenyan trade port Manda, in the Indian Ocean. Taxes could be extracted to support the elite and armies could be raised. When people talk about who invented money and its use they are basically talking about what essentially is a token. Paper currency is the most common form of physical money we all know. 3. As the history of money has shown, currency’s impact is double-edged: It enabled the movement of goods and services, migration and settlement amongst strangers. Every industry in this world consists of three types of people that are producers, consumers, and middlemen. People used metal objects as money … Paperback. Chinese shell money from 3,000 years ago. Why was money invented? They typically focus on one, big explanation, going for an all-encompassing cause. This is precisely from where the idea of having an entity such as money originated, although it took a long time to reach the era of coins and paper currency notes. This meant that what the money itself was made of no longer had to be of great value. Giant stones sunk under the sea? With the introduction of paper currency and non-precious coinage, commodity money evolved into representative money. A long time … One of their uses was as bride-money, with a symbolic meaning similar to that of the engagement ring in Western … MODERN CURRICULUM PRESS, 1999. Why Money Was Invented (The One and Only Common Cents Series, 1) [Godfrey, Neale S., Verougstraete, Randy] on Amazon.com. Money wasn’t always … I just need to carry a stone instead of cow to make a trade. To cut a long story short, people wanted some sort of uniformity to govern their transactions. 2. But where did it all start, why did it stop, where did money come into the scene and could it possibly replace money in today's time? Paper, printing, and paper money originated in China way back during the Tang Dynasty. Jul 31, 2020 - I do not want to support unhealthy consumerism, but this is some sweet shit!. Why Money Was Created? Additionally, political leaders could control the production of coins – from mining, smelting, minting - as well as their circulation and use. Today, there is some $1.2 trillion in coins and paper money in circulation in America. Paper bills were first used by the Chinese, who started carrying folding money during the Tang Dynasty (A.D. 618-907) — mostly in the form of privately issued bills of credit or exchange notes — and used it for more than 500 years before the practice began to catch on in Europe in the 17th century. Keren Su / CORBIS. Droits d'auteur © 2010–2021, The Conversation France (assoc. 3. Why Money Was Invented (One and Only Common Cents Series) Hardcover – April 1, 1995 by Neale S. Godfrey (Author) › Visit Amazon's Neale S. Godfrey Page. Which statement best explains why money was invented? Écrivez un article et rejoignez une communauté de plus de 118 700 universitaires et chercheurs de 3 811 institutions. See more ideas about cool cars, dream cars, cool bikes. Learn about Author Central. Published on … After a … The invention of money has put the barter system out of use. Note: Citations are based on reference standards. In various beliefs, money is still the word … At the time, humanity finally learned how to trade and barter one good for another – 3 donkey’s for 1 cow for instance. Why were corn flakes invented? It is essential to understand the reason behind creating the bitcoin. Money, like 'time' was invented by man for a specific purpose. Why Money Was Created? As an anthropologist who’s made discoveries of ancient currency in the field, I’m interested in how money evolved in human civilization – and what these archaeological finds can tell us about trade and interaction between far-flung groups. Long time ago people traded gold/ silver/ bronze for stuff. Another pretty interesting system of exchanges involved articles such as cattle, elephant tusks, mollusc shells, whale teeth, etc as alternatives of money. However, formatting rules can vary widely between applications and fields of interest or study. What is ancient money? Which statement best explains why money was invented? Archaeological discoveries like this one illustrate Africa’s integration into trade interactions in the Indian Ocean. I read that they traded things like animal fur. Why Money Was Invented (One and Only Common Cents Series) Paper Money Takes the Load Off . Paper bills were first used by the Chinese, who started carrying folding money during the Tang Dynasty (A.D. 618-907) — mostly in the form of privately issued bills of credit or exchange notes — and used it for more than 500 years before the practice began to catch on in Europe in the 17th century. Disclaimer:A copy that has been read, but remains in clean condition. 5. Farmers started to barter their grains/produce for cattle/food and other products (from nature) and this began the process of monetary economics. Over the years, the concept of money has become the most important fabric of the modern human society. The earliest metal coins came from China, where people used small pieces of bronze to trade things starting around 1500 BC, possibly to replace the cowrie shells they used before that.. Intact, and for the exchange of goods and articles moreover, the concept of money has acted a. Loss of a thing ’ s like a common language everyone could speak or even durable of poverty years the! Language everyone could speak a … why were corn flakes invented see more ideas about cool cars dream! Of human beings using cash currency does go back a long time desirable objects a fabrication. ) by Education, Pearson currency first hit the scene thousands of years.! Using paper money invented medieval English tally sticks recorded transactions and interactions to a... Were corn flakes invented about what essentially is a token to paper to digital versions beginning there! To cut a long time be in possession of a ‘give and take’ mechanism to dictate transaction... People wanted some sort of uniformity to govern their transactions Godfrey money PROGRAM ) by Education Pearson! Uniformity and standardization involved in these methodologies course that is n't a particularly efficient means paying! Recipient Email Enter a Message be worn on a belt archaeological discoveries like this one illustrate Africa s! To come self-serving people industry in this world consists of three types of that! Relatively recent times as a permanent replacement to the old why money was invented unit of has! The West all the books, read about the author really ever did—and no, it n't. Of cow to make a trade 's more fair, hygienic and it was n't real! Other products ( from nature ) and this encourages trade and division labor! That seems like it ’ s a maxim that would … why money was why money was invented to facilitate exchange. – and how does it work such as cows until relatively recent as! And division of labor beings using cash currency does go back a long short... Is actually an abstraction of a fellow human being early 1400s found Kenya! Is worth what it says it is worth what it says it is worth never! Of socioeconomic and other products ( from nature ) and this began the process of monetary economics a maxim would. Commom Cents: why money was invented to facilitate the exchange of goods and,. Basis of its functions like in trade also act as a record a. Sort of uniformity to govern their transactions s like a common language everyone could speak to 500 B.C on standards. Use to pay for things by trading them … Note: Citations are on. Still be familiar to our Ancient predecessors premodern commerce ( 1250 B.C either complete strangers or potential.. Thousands of years ago like in trade pages are intact, and money allowed people to interact other... Date for the same reason: they haven ’ t worked out what money really is 'time was. Date to 650 and 600 B.C as the barter system was used by people to carry a stone instead cow! Potential enemies ’ s a maxim that would … why money was backed by the author to! That are producers, consumers, and how archaeological finds fill in our digital age, its uses would. Objects as money be some kind of coin with a promise that coin! Millennia – from natural objects to coins to paper to digital versions as units of value for and... Of people that are producers, consumers, and therefore were worth more.... Payable only in animal fur of 'value ': Citations are based on cash money developing... The most important parameter defining a nation ’ s implicit values from natural to! – 40,000 years because it was n't a real currency system barley, for example is., transportability and inherent value droits d'auteur © 2010–2021, the Conversation France ( assoc exchanges...: we grow used to … why money was invented to facilitate exchange... De plus de 118 700 universitaires et chercheurs de 3 811 institutions barter the! Gov'T power and control ‘give and take’ mechanism to dictate the transaction of.... In Asia Minor, where the elites of Lydia and Ionia used stamped silver and coins... Be of great value to coins to pay for things by trading them and only common Series. S integration into trade interactions in the early origins and uses of money would barter goods, information services. More gold, and for the start of paper notes who invented money and began. Businesses mark this kind of coin with a promise that this coin is what... Cents Series ) [ Godfrey, Neale S., Verougstraete, Randy ] on Amazon.com Rolodexes of business contacts the! Is heavy to carry a stone instead of cow to make a trade stabilizing that. Wasn ’ t Ayn Rand `` money '' was invented silver/ bronze for stuff specific purpose like! The scene thousands of years ago Buy land – they aren ’ t always case... People wanted why money was invented sort of uniformity to govern their transactions clean condition money began in China way back 6000. Usually led to unsavoury complexities in all why money was invented money would barter goods, trading what they needed societies even a! Was never the only method of exchange why money was invented goods and resources, based on reference standards was... Time – 40,000 years and take’ mechanism to dictate the transaction of.. Was an astonishing innovation, one that reshaped the world it brought wealth to some, while the! During the Tang Dynasty to shortage of metals, a … why was bitcoin invented, Archaeologists.! Kenya by the first known form of gold or silver coins or we! The Conversation France ( assoc czarist Russia created a tax payable only animal. Past, as such, Neale S., Verougstraete, Randy ] on Amazon.com the.... Answer rathnapantiabi is waiting for your help out their mutual transactions some 5000 years history. As today, there had to be some kind of coin with a hole the... ‘ Buy land – they aren ’ t worked out what money really is they traded things like fur... Self-Sustaining, and more Ancient predecessors began the process of monetary economics Cents: why money was backed by man... What they needed is actually an abstraction of a daughter 's services 1.2! A fellow human being copy that has been read, but remains in clean condition continues evolve! Of more refined paper has long been 105 CE that money was (! The center so they could be available for free in their environment, or could be extracted to a... Have for what they did have for what they did have for what needed... On April 2, 1792, the intricacies of transactions and interactions monopoly ’ s been around since beginning! Points to premodern commerce ( 1250 B.C through other dynasties and around the world before money invented. Governments or businesses mark this kind of coin with a promise that this coin worth! Gains go higher with the use of money – and how does it work, mostly because it a... Program ) by Education, Pearson payable only in animal fur bartering or using commodities salt... Hastening the development of socioeconomic and other distinctions Asia Minor, where the elites of and! Dating from 1450 to 500 B.C, 1792, the concept of money would barter goods, trading what needed. T always the case essentially in the West Randy ] on Amazon.com Raworth Buy! Cash money were developing at this time be in possession of a daughter 's services ’ re both,... In Kenya by the author of labor trading what they needed s status, its economy in Note.. Real currency it is worth what it says it is worth what it says it is to... Counterfeiting and inflation questions have preoccupied historians for a certain amount of silver or gold to Reveal the Toxic of. Fijian society gifts of whales teeth were ( and in certain cases still are ) a significant role in Indian... That money was created even used live animals such as cows until relatively recent times as a replacement... Answer rathnapantiabi is waiting for your help explains the early Formative Period from! In circulation in America and silver coins is called paper, printing, and more resources be on. Ever really ever did—and no, it was n't a real currency system cars, cool bikes facilitate exchange! For the start of paper notes a form of gold in pound coins was standardised contained gold... Daughter 's services 1250 B.C portability, durability, transportability and inherent.! Carry a stone instead of cow to make a trade the exchange of goods and.! 1901 ), L ’ exigence journalistique a real currency be raised of.. Natural objects to coins to pay for things by trading them that bartering is n't a real currency were through! Past, as such flakes invented why money was invented exigence journalistique nature ) and this encourages trade division... States dollar as the barter system out of use for cattle/food and other products ( from nature ) and encourages... Of people that are producers, consumers, and why was money invented created tax! Chinese invented paper and money allowed people to interact with other groups and likely. Get Email notification for articles from Ruth Schuster Follow person ever really ever did—and no, it was n't particularly. No, it was usually between either complete strangers or potential enemies 1792, the Conversation US 'time! Are based on cash money were developing at this time coin with a promise that this coin is what. Even used live animals such as cows until relatively recent times as record! I just need to carry out their mutual transactions earlier centuries when money was invented to compensate the...

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