The Surprising Evolution Of Money, In Just Five Minutes (VIDEO)
You see it everyday. You use it all a time. But have we ever wondered, what is money? Where did income come from and where’s it headed? How did humans develop from hunter-gatherers to buyers and sellers
Hey everyone. Jacqueline Howard here. It’s around 12,000 years ago and we don’t have income utterly yet. The only thing we do have is barternext guy’s mastodon meat
Since humans are now farming and building unenlightened communitiesone of a beginning forms of money
Early civilizations are starting to allot mystic value to things like metals and shells and regulating them as money. For instance, folks are regulating bronze, copper, china and bullion coins as income in India, China, and other tools of Asia — yet no one knows for certain when early coinage initial emerged. Seashells — generally cowrie shells — are used as income in several societies, including some in Asia and Africa. Especially in Africablocks of salt are used as moneygiant limestone discs
The first-known paper moneypaper income is usedAge of Exploration
European explorers are holding to a seas in hunt of cache and places to colonize. How are they appropriation these explorations? Credit — we know, it’s when we get something now though compensate for it later. Some historians contend monarchs are appropriation scrutiny projectsDutch East India Companyfunding a Atlantic worker trade
It’s 1816, and a English are adopting what’s called a Gold Standard System. What’s that mean? Every note printed by a supervision represents a certain volume of goldpoliticians will confirm to chuck out a systemput a drag on a economyfiat money
Whew! We’re behind in a benefaction day. And today, we have credit cards, electronic transfers, PayPal, Apple Paydigital banking Bitcoin
This leaves us all to wonder: Will paper income go extinct
Article source: http://www.huffingtonpost.com/2015/03/05/what-is-money-explained-video_n_6511972.html?utm_hp_ref=chicago&ir=Chicago