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what is barter
barter is a exchange of resources or services for mutal advantage and practice likely dates back tens thousands of years -
cattle
throughout history .and across the globe have included not only cows ,but also sheep , camels and other overstock are the first and oldest form of money -
first metal of money
the bronze and copper cowrie imitations were manufactured .by china -
modern coinage
outside of china the first coins developed out of lumps of silver . they soon took there familiar shape today -
leather money
leather mony was used in china in the form of one one - foot square pieces . of white deerskin. -
what is money
By definition, it's something of value. But over the last 10,000 years, the material form that money has taken has changed considerably -
cowrie shell
The first use of cowries, the shells of a mollusc that was widely available in the shallow waters of the Pacific and Indian Oceans, was in China. Historically, many societies have used cowries as money, -
The nose
' To pay through the nose' comes from dranes in ireland who would split noses that refused to pay there balance that they owed. -
paper currency
this is known as banknotes that appeared in china that all experienced iiver 500 of early paper money -
potlach
comes from chinook indian custom that existed in many north american indian cultures. -
1535: WAMPUM
The earliest known use of wampum, which are strings of beads made from clam shells -
THE GOLD STANDARD
gold was mad with value in england in 1816 at that time there were guidelines made to allow for a non- fictionary production of standard banknotes -
end of the standard
the massive depression of the 1930s , felt worldwide and marked the beginning of the end of the gold standard in the united states -
The present
currency continues to change and develope , as evidence by the new $100 US -
the future: electronic money
economic transactions regulary take place electroically without the exchange of only physical currency.
