History of Money and the evolution in the history
- Author Elena Tondello
- Published May 4, 2011
- Word count 519
Before the use of the money there were non-monetary societies, it was possible to sell and buy items freely, based in the coincidence of wants, barter was the common system and people used to exchange them. In some population existed also the gift economic where money and barter does not exist.
The history of money is old and interesting and has thousands of years and a lot of funny stories to tell, the numismatic is the science that studies the evolution of the money and coins in the history, from its birth. In the history different kind of items were used as money in order to buy and trade, coins were composed not only of precious metals but also they can be other objects without value like shells, beads and barley.
In the beginnings money has a ‘real’ value, like pieces of gold or silver. The introduction and development of money appeared in the Sumerian civilization and then with the Babylonians that was the first real economic system with specific rules and with the birth of private propriety. In particular thanks to the famous document of the Code of Hammurabi, an ancient code created ca. 1760 BC, we can know the role of money in ancient times in civil society. In the history money changed shapes, materials and ‘design’, the first stamped money with a picture and words , is the electrum starter (a particular kind of alloy), coined in the Aegina Island (Greece) in the 700 BC. The art of coinage was introduced in the Ionia and Greece during the 6th century BC, in the 5th century BC the Athenians Empire exported the silver coinage and quickly monetary gold spread from the Asia Minor to the entire world.
This system required a particular mathematical calculation in order to count the alloy and the presence of gold, then the concept of standard coinage was introduced, and coins were usually minted by governments in a carefully process with the pictures and images that guaranteed the value of the metal. Usually the alloy was composed of silver and gold but also other metals could be used, an example was Sparta that minted coins from iron, for a particular economic reason: discourage citizens from trading in foreign cities.
In the ancient times money and coins was sometimes a problem: in fact the co-existence of gold, silver and copper in Europe in the middle age, created few problems in the European trades (English and Spanish traders preferred more gold coins than silver coins, and so there were a preference for this kind of coins and of course for gold).
We have to wait the national Bank to have more stability and its system allowed guaranteeing the change of money into gold at a fixed rate. Money has a real commodity and is nowadays a symbol for exchange and trade. Today banknotes has the predominance in our society and the virtual use of money is more and more common, is in this century an important step, we can think about the importance of internet in order to buy and sell items, a new trend with no crisis.
This article was written by Elena Tondello, with support from fast loans.
For any information please visit cash fast
Prima Posizione srl Used with permission
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- The Common Mistakes In Product Concept Development And How To Avoid Them
- A World Without Mercy: The Enduring Power of Bicycle Thieves
- Legendary Coach Arthur Lydiard: Revolutionizing Distance Running
- Where to Stay in Koh Samui in 2025: The Best Hotel Picks for Every Traveler
- Finding Credible Science News Sources
- Complete Guide to IP Address Lookup: What You Need to Know
- How Basketball Was Born: A Look at Its Origins
- History of Golf
- The Color Soirée, Carved Doors and Bespoke Design That Radiate Soul
- Elisabeth Sparkle’s Descent: A Deep Dive into ‘The Substance.’
- Medical Uses of Duct Tape: Surprising Benefits
- Is Urine Therapy a Pseudoscience?
- Aesthetic Grey Couch Living Room Decor Ideas That Transform Your Space
- Building a Winning Strategy: Integrating Digital Marketing into Casino Operations
- Boho by the Sea: The Art of Wearing Flow
- Bohemian Rhapsody at Home: How to Decorate Like a Rock 'n' Roll Mogul
- Joaquin Phoenix: The Enigmatic Chameleon of Cinema.
- How Can You Transform Your Interiors with Stunning Chandeliers from Fehmi Lights in Brampton?
- The Painful Problem of Deep Calluses on the Bottom of Your Foot
- Richard Chamberlain: The Heartthrob Who Hid His Truth.
- Top Free Tools for Investigating Network Threats in 2025
- La Grande Bouffe: A Cinematic Orgy of Excess and Self-Destruction.
- Dealing with Ingrown Toenails: Prevention and Treatment
- "I Was James McAvoy's Dance Partner"
- Saddle Bone Deformity: Causes and Treatment Options
- The Enigmatic Flame: Val Kilmer’s Luminous Journey Through Hollywood and Beyond.
- The Rise of a Crime Epic: How Animal Kingdom Transformed Australian Cinema and Launched Hollywood Careers.
- ✈️ Sun, Sand & Savings: Best Beach Retreats in Pattaya + Getaway Flight Deals 🏖️
- 🌴 Escape to Paradise: Top Tropical Retreats in Pattaya, Thailand 🌺
- “Inside the Squad Room: A Deep Dive into NYPD Blue and the Legacy of Detective Andy Sipowicz.”