Who Invented Money? | The History of Money | Barter System of Exchange | The Dr Binocs Show

foreigner oh actually I forgot to bring my wallet little kitty so I don't have the

money

right now that's a valuable question so when I bring the wallet let's take a look at the brief

history

of

money

and see who got it invention. expand Have you ever tried to

exchange

your toy for a friend's toy? If you wanted a new bicycle, you would ask your friend to give it to you in

exchange

for a set of board games. I know it sounds crazy, but believe it or not, that's how it is. how people bought things in the past, yes, long before money was

invented

, people used to

barter

, meaning they exchanged goods or services for other goods or services, for example, a farmer might exchange a sack of grass for a pair of shoes or a loaf. of bread for a bottle of milk, this

system

remained intact for centuries and worked well in most cases, but unfortunately it has many limitations, since not all goods or services were easily traded and there was no easy way to determine the value of goods or services, and how Societies were becoming more complex and people traveled around the world.

The need for a better medium of exchange became a necessity. People understood that they needed something that was mutually valuable. It could be easily calculated. It could be played and stored for a long period of time. Back then, around 1200 BC. C., many ancient cultures began using things like cowrie shell beads and even stones as the only form of money. These items were small, portable and easy to exchange, and they had a constant value that made them ideal for exchanging goods and services. but metal coins as we know them today first appeared around 600 BC. C. in a region called Lydia, an ancient kingdom located in what is now Türkiye.

These coins were made from a mixture of gold and silver and were stamped with various images and symbols to indicate their value. Soon the coins became popular and were adopted by other civilizations around the world, but there was still a small problem: many of them were quite heavy to carry, so to cope with this weight around 618 C, the Chinese thought in making the most of them. the invention of paper and began printing paper money at that time. Merchants deposited their coins with trusted people, such as goldsmiths or moneylenders, and received a paper receipt in return once they could use it to make purchases.

This

system

turned out to be quite popular as it was more convenient than carrying around large amounts of coins. Over time, the use of paper money spread throughout China and eventually reached other parts of the world and led to the development of paper money as we know it today, but the face of money did not change. But today we don't stop there, we have sophisticated financial systems that allow us to use our cards to buy things online and we can even use our phones to pay for things in store. Now with the potential of digital money, women don't know exactly what the future will be.

Money will look like this, but one thing is certain: it will continue to adapt and transform as we do. Creamy Premium. Did you know that paper money is not really paper? Yes, it is made from a cotton and linen blend, a type of fabric made from a plant. called flax sketching time today's schedule the day is for vernica Shukla I hope you had fun today until next time it's me Dr. Binox zooming out, it doesn't matter