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Title: History Of Money

Essay Details

Subject: History
Author:
Date: October 27, 2016
Level: University
Grade: A
Length: 2 / 457
No of views: 0
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Essay text:

Therefore any definition must be based on its functions, which are units of account, common measure of value ,medium of exchange, and store of value. So with that in mind money is anything that is widely used for making payments and accounting for debts and credits. Money originated because before that the only form of money is barter and the things that was wrong with barter was that it was inconvenient , in such case it was livestock and whenever someone wanted to trade they would have to bring their herd with them when the transaction took place...

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The use of primitive forms of money in the Third World and North America is more recent and better documented than in Europe and its study sheds light on the probable origins of modern money. Among the topics treated are the use of wampum and the custom of the potlatch or competitive gift exchange in North America, disc-shaped stones in Yap, cowrie shells over much of Africa and Asia, cattle, manillas and whales teeth...

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