Found 21 Articles for Civilizations & Heritage

How was money introduced into the world?

Prasanna Kotamraju
Updated on 05-May-2022 06:09:30

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In the beginning, people bartered. Bartering is the exchange of goods or services for some other goods or services. The exchange items included bags of rice, wheat, cattle, sheep, pigs and so on. Barter system worked like this, take one bag of rice in exchange for one lamb.But after a few days, it has become increasingly difficult to store the goods taken in exchange and people started thinking they deserve more than these perishable goods. The selfishness to own the things by themselves and store for their kith and kin has made the man think of an alternative, and introduced ... Read More

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