History of Money Essay -- GCSE Business Marketing Coursework

History of Money Let us consider a problem. You catch fish for your food supply, but youre tired of eating it both day. Instead you want to eat some bread. Fortunately, a baker lives conterminous door. Trading the baker some fish for bread is an example of barter, the adopt exchange of one good for another. However, barter is difficult when you try to flummox a good from a producer that doesnt want what you have. For example, how do you bulge out shoes if the shoemaker doesnt like fish? The series of trades required to take hold shoes could be complicated and time consuming. Early societies faced these problems. The origin was notes. Money is an item, or commodity, that is agreed to be accepted in trade. oer the years, people have handlingd a wide variety of items for money, such as seashells, beads, tea, fish hooks, fur, cattle and even tobacco. There are many myths about the origins of money. The concept of money is often conf utilise with coinage. Coins are a relatively modern form of money. Their first appearance was probably among the Lydians, in Asia Minor in the 7th century BC. And whether these coins were used as money in the modern sense has also been questioned. To determine the earliest use of money, we need to define what we mean by money. The early Persians deposited their grain in state or church grainaries. The receipts of deposit were then used as methods of payment in the economies. Thus, banks were invented before coins. Ancient Egypt had a confusable system...