HISTORY OF MONEY
Money is a concept that has been a crucial part of human civilization for thousands of years. It is a medium of exchange that is widely accepted in society to facilitate transactions for goods and services. However, the history of money is not as simple as it may seem. In this blog, we will delve into the fascinating history of money, from its earliest origins to the modern-day system we use today. The earliest form of money can be traced back to the barter system, where people would trade goods and services directly with one another. This system was prevalent in early human societies, where people would exchange goods such as food, tools, or clothing in return for other items they needed. However, the barter system had several limitations, as it was challenging to find someone who had what you needed and was willing to trade for what you had. To overcome these limitations, ancient civilizations began using commodity money, which was a physical object that had intrinsic value and ...