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
- Vietnam Airport Fast Track vs. Regular Immigration: What’s the Difference?
- Tchaikovsky’s Emotional Battles And Their Influence On His Music
- 2026 Homes for Sale in Columbia, TN: Updated Listings, Best Neighborhoods, Market Trends, and Buyer Tips
- Carved Doors & Mediterranean Serenity: Bedroom Suites for Lazy Days
- Daily Ritual Home Design: Carved Doors That Transform Your Space
- Amsoil grease gun
- Where Can I Buy AMSOIL? (And How to Never Pay Retail Again)
- Cairo Oak by COREtec Floors: Why This Has Become COREtec’s Best-Selling Style
- The Poetry of Presence: Artisan Carved Doors and the Art of Serene Bedrooms
- Team Romines' Complete 2026 Guide to Listing to Closing: How to Buy and Sell a House at the Same Time
- Who makes Amsoil oil filters?
- Golden Science: How Curcumin Shapes Health from the Inside Out.
- Unlocking Passive Income: A Complete Beginner's Guide to Affiliate Marketing in 2026
- Why Amsoil?
- Al Amatuzio:The founder of Amsoil!
- Why You Won’t Find AMSOIL at Walmart (And Why That’s Actually Good News)
- Agricultural Equipment Maintenance: Why Smart Farmers & Ranchers Prioritize It (And Why Fluid Choice Changes Everything)
- Art as Architecture: A Home Defined by Color and Carved Wall Art
- Reclaimed Doors and Artful Layers in a Walled Garden
- Formthotics in the Treatment of Pathomechanical Foot Conditions
- Mogul Interior Sideboards: A Brand Manifesto
- Mogul Interior Armoires: Maximalist Heirlooms of Art, History, and Storage
- Team Romines Gallatin, TN Real Estate Guide
- How Major Australian Events Are Quietly Changing the Way People Travel
- The Use of Cushioning Insoles to Treat Foot Pain
- Children’s Party Entertainer vs DIY Party Games, Bristol What Parents Say After Trying Both
- Why "China Literacy" is the New Global Career Currency
- Is full synthetic oil better?
- Indian Tapestries & Embroidered Wall Hangings: Artisan Valentine's Day Treasures
- The Artisan Edit: Carved Doors – A Beautiful, Authentic Valentine's Gift