history of money (1)

7/24/2019 History of Money (1)

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The History of Money

February 2016

by: Rini Heriwati


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Why do we have money?

Convenience

It is often easier to use moneythan barter/ trade.

Would you prefer to receive fish or

eggs instead of cash for the servicesyou provide to your employer


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BARTER Barter is the exchange of resources or services

for mutual advantages, and the practice likely

dates back tens of thousands of years, perhaps

even to the dawn of modern humans.

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!000 " 6000 #C$% C&''($

Cattle, which throughout history and across

the globe have included not only cows but

also sheep, camels, and other livestock, arethe first and oldest form of money.

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1200 #.C.% C)W*I$ +,$((+

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1000 #.C.% FI*+' -$'&( -)$

& C)I+ Bronze and copper cowrie imitations were

manufactured by China at the end of the Stone ge

and could be considered some of the earliest forms

of metal coins.

Chinese coins were made out of base metals, oftencontaining holes so they could be put together like a

chain..

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00 #.C.% -)$* C)I&$

!arly coins first appeared in "ydia, which is

part of present#day $urkey, but the techni%ues

were %uickly copied and further refined by the&reek, 'ersian, (acedonian, and later the

)oman empires.

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Roman Coins


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3&3$* C4**$C

$he first known paper banknotes appeared in

China. *n all, China experienced over +

years of early paper money, spanning fromthe ninth through the fifteenth century.

See the video.

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What is money?


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Features of Money

& medium of e5change

& unit of account

& store of value


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Best Forms of Money

old and +ilver Coins

#ars


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Thank you!

history of money (1)

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