Explaining the value of our money. It compares and contrasts how we obtained our monetary system.
Throughout history civilizations have exchanged goods and even developed currency. Whether coins or cloth these exchanges of goods all had value to the trading partner. In modern day civilizations we use paper currency and coins. To give these objects worth we must be able to back them with something that has value.
Money is a means of exchange. Money is not the exchange of one commodity for a different commodity, such as trading a bushel of corn for a yard of cloth that is barter. Money, like barter goods has a publicly accepted value but is also easy to carry. Beaver pelts have been u…
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