Download History of Money AudioBook Free
The history of money says us of the introduction of the means through which transactions can be executed by using a medium of exchange. For eons now, man has been exchanging goods for a certain price. This price came up either in the form of other goods or money. The interesting trip of money from barter products to bitcoin and electronic digital money covers various ways where societies and cultures perceived money. There were lots 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 people. But then there was other activities like cowrie shells and beads that were used for the money solely because they were very attractive. Precious metals and rocks were also used as a medium of exchange because of their usefulness and attractiveness. In today's world, money has gained some other aspect. It generally does not require an exchange of produce or goods. Instead, it depends on the exchange of currencies. Money is on the market in different forms like currency notes, coins, credit cards, and electronic money. In as early as 350 BC, the Greek philosopher Aristotle spoke about the value of an object for bartering it or providing it. The first recognized currency is reported to be minted in 600 BC in Lydia, which is modern day European Turkey. But there has been information that money may have existed before this in various other cultures and cities. Gradually, the thought of giving value to a comparatively insignificant object in order to make use of it as money became a favorite idea. This offered rise to bank or investment company notes, that happen to be otherwise just a simple little bit of paper with no value.